Home / Tag Archives: oil and gas production

Tag Archives: oil and gas production

Still a seesaw: rig count up, oil futures down

rig count, Baker Hughes

We report the Baker Hughes rig count every week, and typically we find straightforward numbers from sources such as the Associated Press. But today, we bring you a snippet from OilPrice.com’s article. The description is absolutely priceless. For the oil markets, this week has been nothing short of a Tea Cup ride at some rinky-dink traveling fair, operated by some ...

Read More »

Florida House passes bill to study, regulate fracking

TALLAHASSEE, Fla. — The state House approved a bill Wednesday that would create regulations for fracking despite strong opposition from Democrats who said the oil and gas drilling practice could contaminate groundwater, damage the environment, make people sick and hurt Florida’s tourism industry. The House voted 73-45 in favor of the bill (HB 191) after more than an hour of ...

Read More »

3 earthquakes of magnitude 4.0 or more hit northwest Oklahoma

earthquake

FAIRVIEW, Okla. — Three earthquakes capable of causing moderate damage rocked northwestern Oklahoma overnight, but there were no immediate reports of significant damage or injuries. The U.S. Geological Survey reports a magnitude 4.7 quake hit just before 10:30 p.m. Wednesday about 20 miles northwest of Fairview and a magnitude 4.8 quake struck about a half mile away less than a ...

Read More »

Low energy prices deal federal minerals revenue hit to Rockies

CHEYENNE, Wyo. — Bad news for Rocky Mountain states with lots of fossil-fuel development on federal lands: Low prices for oil and natural gas have driven federal minerals revenue down to the lowest point in five years, even as oil and gas production booms nationwide. The federal Office of Natural Resources Revenue tracks federal revenue from sales of fossil fuels ...

Read More »

Colorado already has methane limits tougher than US proposal

DENVER  — 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. But Colorado’s ...

Read More »

Editorial: Activists should target Big Marijuana

Some see it as a blessing, others a curse. Either way, environmental activists are vigilant in Colorado Springs and up and down the Front Range. Big Marijuana should be in their sites. The most dedicated environmentalists take to the streets to protest fracking, opposing more production of natural gas and oil. They ask consumers to use less energy. They advocate ...

Read More »

Exxon CEO on renewable energy: ‘We choose not to lose money on purpose’

Tillerson

Exxon Mobil Corp. is unlikely to adopt a climate change resolution initiative, the Houston Business Journal reports. CEO Rex Tillerson and shareholders collectively rejected environmental activists’ proposals for climate-conscious additions, including a global warming expert on the board of directors. Activists in the company’s home base of Irving ultimately hope the company shift their focus away from oil and gas ...

Read More »

US oil and natural gas rig count drops by 11 to 894

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 11 this week to 894. Houston-based Baker Hughes said Friday that 668 rigs were seeking oil and 221 explored for natural gas. Five were listed as miscellaneous. A year ago, with oil prices nearly double the ...

Read More »

Landowners’ rush for oil gets praise

SAN ANGELO, Texas – Congressman Mike Conaway credited the oil and gas renaissance to private landowners. “While the president brags on the renaissance, his team has done nothing to contribute to that,” Conaway said Thursday at the second day of the West Texas Energy Consortium annual conference in San Angelo. “Oil and gas production on public land has declined under ...

Read More »