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Benefits of Oil Shale Boom

Two professors from the Wharton School of Economics and one from the Simon School of Business reposted in early July on the Economic Benefits to the U.S. Economy of the Oil Shale Boom. The oil shale technology boom was significant ...

Saudi’s say Oil Market is Balancing

The Saudi Arabia Energy minister, Khalid-al-Falih, in a statement said that Saudi Arabia is striving to stabilize the oil market. In a climate meeting in Berlin, Al-Falih said, "In doing so, the Kingdom secures the flow of oil supplies as ...

Most Methane Does not come from Oil and Gas Production

A study released on July 11 by the Proceedings of the National Academy of Science says less than 5 percent of Colorado’s water wells that were checked for methane had been tainted by oil and gas leaks or fracing activities. ...

Rig Count Increasing

The number of rigs operating in the U.S. has slowly increased for the past five weeks. Baker Hughes reported that 10 rigs were added the week ending July 8, bringing the total count up to 351. The first week of ...

States Hardest Hit by Oil Prices

The impact of the oil price slump since 2014 is being felt hardest in energy-dependent states including Alaska, Oklahoma, Louisiana, and North Dakota. Even though the oil price now hovers around $50 per barrel the plunge from over $100 per ...

New Assessment of the Mancos Shale Sparks Controversy

Oil and gas industry groups in Colorado are requesting that the BLM revise and republish the EIS for the Thompson Divide area issued in February 2016. In June the U. S. Geological Survey announced that 66 trillion cubic feet of ...

Arkansas Survives Drilling Bust

The 10-year gas boom of the Fayetteville Shale came at an opportune time for the economy of Arkansas. Thousands of jobs were created and royalties poured into the state. Oil industry jobs went from 7,000 in 2006 to peak at ...

North American Climate and Energy Plan

The U.S., Canada and Mexico have announced a new climate and energy plan to cut greenhouse gas emissions from the oil and gas sector. The plan was announced at the Three Amigos Summit being held in Ottawa. The North American ...

Country’s First New Refinery Since the 1970’s sold at a Loss

In North Dakota the first refinery built in the U.S. since the 1970’s opened in May 2015, and sold last week at a loss to Tesoro, which owns the only other refinery in North Dakota near Bismarck. Designed to handle ...

ExxonMobil Announces new Discovery Offshore Guyana

An appraisal well off the coast of Guyana was the site of ExxonMobil’s second major discovery in Guyana in the past year. Currently Guyana does not produce any oil or natural gas. Exxon estimates the new finds may hold over ...