Barrel of US crude drops below forty dollars

August 25th, 2015|

NEW YORK — A barrel of U.S. crude oil fell below $40 per barrel for the first time since the end of the global economic crisis.

Friday’s fall, to $39.86, was just the latest indicator of a vast shift in the energy landscape over the past year. U.S. Oil bounced back a bit to close down […]

Texas Economy Shrugs Off Low Oil Prices – For Now

August 24th, 2015|

Just one short year ago, Texas drilling country rumbled with activity and high expectations that the good times would last a long while.

So much for that.

Amid a plunge in oil prices, the bonanza has paused at the very least, wiping out thousands of jobs in the oilfields and communities dependent on them.

A barrel of West […]

100 scouts earn drilling-engineering merit badge

August 19th, 2015|

PENNISULA, Ohio – More than 100 Boy Scouts earned their engineering merit badge at Camp Manatoc this summer through an innovative oil and gas specific curriculum designed in partnership with the Ohio Oil and Gas Energy Education Program (OOGEEP) and the Great Trail Boy Scout Council. OOGEEP, funded by Ohio’s oil and gas producers, plans […]

Colorado already has methane limits tougher than EPA proposal

August 18th, 2015|

Strict limits on methane emissions passed a year ago in Colorado mean the state’s energy producers will not be affected by the federal government’s new plan to crack down on the powerful greenhouse gas.

The Obama administration announced Tuesday that it would follow through with plans to curb methane emissions from new oil and gas wells. […]

EPA proposes big cuts to methane emissions from oil, natural gas drilling

August 18th, 2015|

WASHINGTON—The Environmental Protection Agency on Tuesday proposed rules aimed at cutting methane emissions from oil and gas production by requiring energy companies to install new technologies at future wells.

Some industry officials criticized the proposed rules as duplicative, but several companies that produce and transport natural gas said they already were taking such steps voluntarily.

Tuesday’s proposals […]

Ending U.S. oil export ban supported by House Speaker Boehner

August 1st, 2015|

WASHINGTON (Reuters) – U.S. House of Representatives Speaker John Boehner on Wednesday expressed for the first time his support for repealing the 40-year-old ban on domestic crude oil exports, a move that could breathe new life into a bill in his chamber.

“Until recently our nation’s energy policy was rooted in a scarcity mindset that went […]

Court challenges are likely over city drilling laws in Oklahoma

July 30th, 2015|

This year lawmakers attempted to strike a balance between economic development and reasonable regulation of drilling activities in city limits. It appears those efforts have fallen short, meaning court challenges and continued legal revisions are likely.

Senate Bill 809 was meant to prevent cities from implementing a ban on drilling within city limits by making the […]

Stillwater, Oklahoma sets new rules for oil and gas drilling within city limits

July 29th, 2015|

Oklahoma earlier this year enacted a law reiterating its primacy in regulating drilling activities, but the city council in the university town of Stillwater, OK, on Monday passed an ordinance setting rules for oil and natural gas drilling within the city limits.

Separately, the council passed a resolution urging county elected officials to do the same.

City […]

Is natural gas sustainable as an electricity source?

July 28th, 2015|

While an international report predicts the rise of solar electricity worldwide, a different electricity revolution is already happening here at home: the rise of natural gas.

Natural gas recently overtook coal as the top source in the U.S. for electric power generation for the first time.

Ray Dotter, spokesman for PJM Interconnection, which coordinates the movement of […]

Oil, natural gas industry warns of possible costs in issuing moratorium on disposal wells

July 23rd, 2015|

OKLAHOMA CITY — Representatives of the oil and natural gas industry are warning of the potential economic costs in Oklahoma if a moratorium is issued on wastewater disposal wells that some suspect may be triggering earthquakes in the state.

Last year, Oklahoma recorded 585 earthquakes greater than a 3.0 magnitude, The Oklahoman ( ) reported. The […]

Texas Senator says wait until next year for movement on crude oil exports

July 23rd, 2015|

WASHINGTON — Congressional action to unleash U.S. oil and gas exports likely won’t see significant progress until early 2016, according to Texas U.S. Sen. John Cornyn.

Cornyn spoke Thursday to executives of the Center for Strategic and International Studies as part of a forum on energy and national security, which Cornyn said are “intrinsically linked.”

Cornyn said […]

U.S. Rig Count Up on Improved Oil Drilling, Gas Rigs Down

July 13th, 2015|

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI – Analyst Report) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This is the third consecutive rise after a 6-month fall. This upside can be traced back to an increase in the […]