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Tag Archives: Oil

Texas ranks #1 for oil and gas jobs

In 2013, Texas added more than 19,000 oil and natural gas jobs, which is nearly six times the number New Mexico added, the second highest state for oil and natural gas jobs added in 2013. The 19,000 jobs Texas has provided doesn’t include the jobs available at corporate headquarters based in Texas. Over the past 10 years, job growth in ...

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BHP’s U.S. oil export plan met by caution in Asia

SINGAPORE, Nov 6 – Asian buyers of condensate said they would be wary of taking cargoes of the ultra-light oil that BHP Billiton Ltd plans to export from the Gulf of Mexico without explicit approval from the U.S. government. Anglo-Australian mining firm BHP Billiton, one of the largest producers in the Eagle Ford shale patch in southern Texas, is testing ...

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Predictable energy supply and demand is a treat we all can agree on

Those in the energy business might want to steer clear of the news these days – and not because environmental problems and liberal opposition are continuing to cause their normal heartaches for the industry. From the New York Times to the Financial Times and every outlet in between, the headlines are dire. “Falling Oil Price Raises Questions on the Viability of Shale,” ...

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Fracking ban passes in 2 of 3 California counties

fracking site

SAN FRANCISCO — Voters in two California coastal counties have approved a ban on fracking and other intensive oil production, while a third coastal county rejected such a ban. Fracking bans passed Tuesday in San Benito and Mendocino counties. Voters in Santa Barbara County, however, said “No” to a prohibition on fracking and other more commonly used means of forcing ...

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Energy Pipeline: News briefs

DENVER – Vital for Colorado has collected more than 30,000 pledges from residents who support Colorado’s oil and gas industry. The pledge outlines seven principles regarding energy development and hydraulic fracturing that are paramount to a vibrant and successful oil and natural gas industry in Colorado, including recognition that the state already has some of the toughest rules in the ...

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Oil prices tumble on Saudi discount move

LONDON — Oil prices slumped to multi-year lows on Tuesday after Saudi Arabia discounted supplies to the U.S., a move that is shaking an already volatile market but will likely give the world economy an unexpected stimulus. The 25 percent or so slide in oil prices since the summer could boost consumer spending and business investment in many economies around ...

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Drilling rig technology in Weld County grows more green

In 1969, scientists were looking for a peaceful way to use nuclear weapons. Applying them in the oil and gas fields of Colorado seemed an ideal way to get to the fuels buried deep below the surface. Project Rulison was born on the Western Slope, with a 40-kiloton nuclear test project. There, they had the idea of using the bomb ...

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Managing newfound oil wealth rife with complexities, responsibility

Not unlike the lottery, the sudden wealth that comes with oil and gas development could easily burn a hole in some previously cash-deprived pockets. That’s not so much the story in Weld County, where oil and gas exploration and drilling has created some multi-millionaires in the last four years. Not all buy mansions and move to Beverly Hills. “I don’t ...

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Permian Basin battle: Oil versus Farming

cotton

Farmers in Glasscock County, Texas, are not pleased with how the oil industry has taken over their city and land. Cotton farmer Dennis Seidenberger, who has been farming for 49 years in Glasscock County, says over the last few years his view on the oil surge has shifted. They’ve totally ruined our way of life here … I don’t know ...

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