AUSTIN, Texas (AP) — Texas oil and gas regulators say there is no evidence that a record 4.0 earthquake last month in the northern part of the state was caused by injecting oilfield waste into underground wells.
The Texas Railroad Commission said Friday it reached that conclusion after testing five disposal wells in Johnson County. The May earthquake didn't cause any serious damage or injuries. It was the largest in recorded history in North Texas.
Marcellus and Utica Shale driller American Energy Appalachia Holdings LLC is changing its name to Ascent Resources LLC, and becoming independent of Aubrey McClendon’s American Energy Partners, the Pittsburgh Post-Gazette reports.
A Bentek Energy analyst told a symposium that utilities in the U.S. -– at an average of more than 30 billion cubic feet per day -- were burning more natural gas than predicted for the week and the month, Platts reports, noting that the development could push prices higher.
FORT WORTH, Texas (AP) — A natural gas extraction company controlled by energy giant Exxon Mobil sought to prove Wednesday that it is not to blame for a recent rash of small earthquakes in North Texas, telling a powerful state agency that it believes the earthquakes occurred naturally.
XTO Energy submitted evidence to the Texas Railroad Commission, which regulates the state's massive oil and gas industry, during a hearing that will test the agency's willingness to suspend permits for injection wells based on seismology. The wells store wastewater from hydraulic fracturing, which has opened vast reserves of natural gas in North Texas but critics blame for causing small earthquakes.
MEXICO CITY (AP) — Mexico's state-owned oil company says it found four shallow-water offshore oil and gas fields in the Gulf of Mexico with total possible reserves of 350 million barrels of crude equivalent.
The Pemex company did not say how much of that total were proven or probable reserves.
Testifying Wednesday before the Texas Railroad Commission, which regulates oil and gas operations, representatives of Exxon Mobil subsidiary XTO Energy said the earthquakes that have been taking place in the Dallas area are due entirely to natural causes, The Wall Street Journal reports.
At a ribbon-cutting ceremony for a $200 million expansion on its La Porte gas plant in Texas, a top Linde executive said the company plans more investment to take advantage of cheap shale gas, FuelFix reports.
NEW YORK (AP) — A poorly crafted joint in a plastic Consolidated Edison gas line and an 8-year-old break in an old city sewer line were the likely causes of an explosion that killed eight people in New York City last year, federal investigators said Tuesday.
The weakness of the plastic pipe joint was exposed because the soil that supported it was washed away by groundwater flowing into a gaping hole in the brick sewer line, the National Transportation Safety Board said.
The Obama administration may be backing away from its insistence that future coal-burning power plants use carbon capture technology, settling instead on a requirement for ultra-supercritical technology in the Environmental Protection Agency's Clean Power Plan, E&E reports.
The U.S. Army Corps of Engineers argued that the Environmental Protection Agency's Clean Water Rule lacks a sound scientific basis in memos made public by the House Oversight and Government Reform Committee Thursday, The Hill reports.
The Department of Energy has agreed to rework its proposed efficiency standards for walk-in freezers and coolers, according to the Air-Conditioning, Heating and Refrigeration Institute, which says it has reached a settlement with the DOE over the issue, The Hill reports.
Sen. Martin Heinrich, D-N.M. says some other Democrats may be willing to go along with him and Sen. Angus King, I-Me., in a willingness to support legislation lifting the ban on U.S. crude exports if it also backs renewable energy such as wind and solar, E&E reports.
Despite data from the Energy Information Administration showing that U.S. crude production peaked at almost 9.7 million barrels a day in March, news of an increase in oil rig count this week piled more pressure on prices. U.S. benchmark crude slumped $1.40, or 2.9 percent, to settle at $47.12 a barrel on the Nymex, while in London, Brent dropped $1.10 to $52.26, its lowest settlement since January, The Wall Street Journal reports.
Chevron is getting nearly a third more oil and gas from its wells in the Permian Basin, and is paying less for oilfield services as well—but even so, its second quarter profits dove 90 percent on lower crude prices, FuelFix reports.
Hess has increased its production forecast for its Bakken Shale operations to up to 110,000 barrels of oil equivalent per day, despite the company dropping the number of rigs it’s operating in the play, Platts reports.
Many witnesses testifying at the first Interior Department hearing on the future of the federal coal program—which was attended by Secretary Sally Jewell—said they wanted to see higher royalty rates to raise more money for U.S. taxpayers, High Country News reports.
Senior creditors for Alpha Natural Resources Inc. will loan money to the beleaguered Virginia-based coal company to help it get through bankruptcy, a filing for which could come as early as Monday, Bloomberg reports.
Although Thursday’s peak demand of 67,624 megawatts didn’t break the all-time record as the Electric Reliability Council of Texas had feared, it's been a huge week for demand, and the grid operator expects high usage throughout the summer, FuelFix reports.