Is Oil Market Poised for a Continued Rebound or Another Downfall?
The current conditions in the oil market lead many analysts to believe that the price of oil can rise into the $70’s just next year....
#OilmanNEWS
Board Members Leave Williams after Vote to Keep CEO
The lack of approval for a merger between Williams and Energy Transfer Equity (ETE) has caused a string of problems for Williams after the announced...
Judge Rules Fracking Cannot Be Regulated by Federal Government without Approval
A judge in the District Court of Wyoming recently rejected the Obama administration’s proposal for regulating hydraulic fracturing (fracking) on federal lands. The proposed rule...
Louisiana Blames O&G Industry for Coastal Erosion
New Orleans Mayor Mitch Landrieu wants the oil and gas industry to pay for nearly a century’s worth of damage to Louisiana’s coastline. The situation...
Devon Energy Bids Farewell to Co-Founder
Devon Energy Corp., a production and exploration company based in Oklahoma City, Okla., recently selected a new chairman for the board of directors. John Richels,...
Offshore Conference Attendance Drop Indicative of Oil Slump
The OTC (Offshore Technology Conference) located in Houston, Texas, has experienced its own form of repercussions from the ongoing downturn. One of the most popular...
Tough Market Conditions Force Companies to Change Strategy
Houston-based EOG Resources has unveiled a new strategy intended to boost profitability by focusing only on wells that provide a desired level of return. By...
Issued Drilling Permits Down 20 Percent in Texas
The number of drilling permits for oil and gas exploration issued by Texas regulators for the month of April shows to be down 20 percent...
EPA Announces Rules to Cut Methane Emissions from Oil and Gas Sites
The U.S. Environmental Protection Agency on May 12 said it has completed a set of rules intended to regulate methane and other emissions from new...
Oklahoma’s STACK Play Gaining Attention
Despite continuing low commodity prices, activity in the fairly new STACK play in Oklahoma has become a main focus for operators working in the Sooner...