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Tag Archives: Oil Industry

Mexico’s lower house quickly takes up energy bill

Mexico’s lower house in raucous debate on energy overhaul just hours after Senate OKs bill MEXICO CITY (AP) — Mexico’s lower house of Congress began a raucous, marathon debate expected to last through the night and well into Thursday on historic legislation that would open the state-run oil industry to private investment. Just hours after the measure passed the Senate ...

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California said to be poised for oil boom – maybe

Monterey shale play

To hear the oil industry tell it, California stands poised for an economic boom. Development of the Monterey Shale, a vast geologic formation that could hold 15.4 billion barrels of oil, will flood the state with new jobs and tax revenue, according to the industry and its allies. They’ve used that argument as an effective shield against environmentalists bent on ...

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GOP bill sets low drilling-tax rates in Ohio

Tax money

A new tax on horizontal wells in Ohio is an effort to provide clarity to oil producers and ensure that the rate is low enough to keep them coming to the state in the fracking boom, the bill sponsor told his colleagues yesterday. But some Democrats questioned whether the tax rate is high enough if part of the severance tax’s ...

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Austin, TX ranks first nationally for jobs, Charleston 11th

roughneck oil

AUSTIN, TX – In addition to increased tax revenue and jobs, a robust local oil and gas industry has helped bring national recognition to the area. The Greeley Metropolitan Statistical Area, which encompasses all of Weld County, cracked the top 10 for large cities in the recent Best-Performing Cities index, released annually by the Milken Institute, ranking cities on how ...

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