BISMARCK, N.D. (AP) — The godfather of North Dakota's present oil bonanza predicted the state's crude production will double to 2 million barrels daily by decade's end but warned industry officials Thursday that future safety missteps would threaten that.
"We can't have any more issues," Harold Hamm, the chairman of Oklahoma City-based Continental Resources Inc., told expo-goers at the Williston Basin Petroleum Conference in Bismarck. "It has to be done in an absolute safe manner. It's going to take all of us."
QUITO, Ecuador (AP) — Ecuador's government has issued an environmental permit for oil drilling in the pristine Amazon reserve that President Rafael Correa initially offered to exempt from exploration if rich countries would pay his government.
Correa abandoned that effort last year due to insufficient interest and has spurned pleas by environmentalists to spare the Yasuni reserve.
Tony Sanchez III, CEO of Sanchez Energy, told FuelFix that getting more out of wells for less cost is the driving force behind the success of his company and other independents rising with the shale boom.
HOUSTON (AP) — They grow everything bigger in Texas, even the cities.
Three of the nation's five fastest-growing cities — and seven of the top 15 — are located in the Lone Star State, according to new data from the U.S. Census Bureau. This includes San Marcos — a city located between Austin and San Antonio — that has topped the list of cities with more than 50,000 people for the second year in a row with growth of 8 percent between July 2012 and 2013 to 54,076 people.
BISMARCK, N.D. (AP) — Just 274 wells accounted for around 60 percent of all flaring of natural gas in North Dakota in December, a researcher said Tuesday at the Williston Basin Petroleum Conference in Bismarck.
Chad Wocken, senior research manager at the Energy and Environmental Research Center, a contract research firm housed at the University of North Dakota, discussed flaring and how to better utilize natural gas at the conference.
To capitalize on the oil boom, Schramm Inc. has moved from its traditional market -- selling machines for mining and drilling water wells -- to oil drilling, touting its expensive, high-tech new rigs, FuelFix reports.
Horizontal rigs, which can produce more than vertical ones, are multiplying in the Permian Basin, according to the Energy Information Administration, which said more than five dozen new ones have been added in the region since the end of December, FuelFix reports.
Trying to phase out old DOT-111 tank cars within two years, as proposed in new Department of Transportation regulations, could trigger a shortage and hurt oil and ethanol production, industry officials warned, Platts reports.
The Environmental Protection Agency, ahead of four public hearings set for next week on its proposed rule to limit carbon emissions from existing power plants, says it has already received 300,000 comments on the regulation, The Hill reports.
Texas and Oklahoma -- states that are home to some of the biggest critics of President Obama’s climate policy – would have the most to gain from his administration’s proposed carbon rule because of the boost it would provide the natural gas industry, according to a study being released Thursday by the Center for Strategic and International Studies and the Rhodium Group, The New York Times reports.
Canada’s Talisman Energy has confirmed that it’s in talks to sell some of its assets to Spain’s Repsol, which analysts speculate may include interests in Marcellus Shale and Eagle Ford Shale, The Wall Street Journal reports.
Sen. John Hoeven, R-N.D., says the latest measure he’s introduced to speed Energy Department consideration of LNG export permits –- which would require action within 45 days of a preliminary application being filed with the Federal Energy regulatory Commission -– is a good compromise on the issue, The Hill reports.
Carbon capture should begin at the Kemper County Energy Facility in the fall, and operations at the coal-fired plant are on track for a May start date, according to officials of Southern Co. subsidiary Mississippi Power, E&E reports.
The installation in Texas of a massive transmission system for wind energy, which can handle up to 18,000 megawatts, has encouraged development of clusters of wind farms in its competitive renewable energy zones, The New York Times reports.
Renewable energy advocates attending a public meeting Wednesday asked the Utah Public Service Commission to reject an application from Rocky Mountain Power to charge customers with solar panels an extra fee, the Deseret News reports.
Staff and former members of the Chemical Safety Board continue to paint a picture of an agency in turmoil even as Chairman Rafael Moure-Eraso maintains the CSB is getting its workload under control, National Journal reports.