Shale Drilling in Texas Provides Mixed Bag of Wealth and Environmental Changes
An industry as large as the U.S. oil industry can have a lasting effect on a state’s economy. For Karnes County, Texas, the shale oil...
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Natural Gas: Saving Farms, Building Communities
The Marcellus Shale Basin in Pennsylvania is reshaping the state from the ground up. Many of the wells sit on farmland. Being a farmer is...
Russia Ran Campaign Against U.S. Oil, Gas Activity
Russia has been in the news just about every day this year. The top news story recently involves Russia’s involvement in the 2016 Presidential elections,...
OPEC Meets with U.S. Shale Producers
U.S. shale oil producers and The Organization of the Petroleum Exporting Countries (OPEC) met for the first time to talk about the future of the...
IEA Data Shows Electricity Investment Outpaced O&G Investment in 2016
The International Energy Agency (IEA) announced on July 12 that a significant shift in energy-investment patterns had occurred in 2016. According to the organization’s data,...
Brent and WTI Crude Oil Prices Expected to Average About $50 per Barrel Through 2018
EIA now forecasts Brent crude oil spot prices to average $51 per barrel (b) in 2017 and $52/b in 2018. West Texas Intermediate (WTI) crude...
Halliburton Acquires Tulsa-Based Summit ESP
A Tulsa-based oilfield equipment supplier has gained the attention of a large multinational oilfield services provider. The Oklahoma-based firm, Summit ESP, notably impressed Halliburton, as...
Baker Hughes and GE O&G Form 2nd Largest Oilfield Services Company
Baker Hughes and GE’s Oil & Gas division announced on June 3 that they had completed merging their two companies. The combined firm, which will...
Oil, Gas, Coal Dominate U.S. Energy Mix
Even though renewable energy has been the darling of state and federal governments for more than a decade, the old fossil fuels—oil, natural gas and...
Oil and Gas Activity Continues to Expand
Oil and gas activity in Texas increased for the sixth consecutive month in May, increasing 5.7 percent over a year ago, according to the latest...