Lawmakers who are looking at revamping the way the state regulates the booming oil and gas business are listening to the industry’s concerns, but that won’t stop the proposal from moving ahead, Senate President Joan Fitz-Gerald said Wednesday.
Industry representatives want some clarification about what the changes will mean for them, she said.
“It’s energy independence, we [...]

“All I can see is the future of the oil and gas industry as we know it is good,” he said. “The biggest problem we have is finding oil and gas. I see a great future for energy and oil and gas will be there. We’re all going to live in the hydrocarbon era.”
But the [...]

Providential Holdings, Inc., a company investing in the rapidly growing economies in Vietnam and Asia, announced today its wholly owned subsidiary Providential Energy Corp. has entered a joint venture agreement with Texas-based Unitex Oil & Gas, LLC. Through the joint venture agreement Unitex will identify, evaluate, negotiate, acquire and operate oil and gas properties in [...]

A Eugene woman has filed a federal lawsuit alleging that major oil companies are chiseling motorists by selling overly warm fuel that delivers less energy than it should.
The premise of the lawsuit and those filed in several other states is that as gasoline and diesel fuel warm, they take up more room in tanks [...]

Pump manufacturers in the oil and gas industry will likely garner substantially higher sales revenue by offering complete services and solutions with their products. These manufacturers seek to improve their competitive edge by providing convenient access to additional service and solution requirements such as on-site assistance, maintenance and spare parts.
New analysis from Frost & Sullivan [...]

Canada’s oil-soaked sands are hot while natural gas drilling has cooled, illustrating the long-term nature of one business and shorter-term vulnerability to price swings of the other, analysts say.
“The economic life associated with these projects is measured in years, if not decades, as opposed to a 45-day gas well in Canada,” said Bill Herbert, co-head [...]

UHC New Mexico Corp., a subsidiary of United Heritage Corp., sold its producing and non-producing oil and gas properties in the Permian Basin on March 30 to Midland, Texas-based Cano Petroleum Inc.
The properties were sold for $7 million in cash and 404,204 shares of Cano’s restricted stock. The stock can not be traded for a [...]

Royal Petroleum Corporation Board of Directors has approved a forward split of the Company’s stock. Shareholders of record as of April 23, 2007 will receive 5 (five) common shares for every 1 (one) common share held. There will be no change in the par value of the shares. Royal Petroleum shareholders of record will [...]

The U.S. Department of Energy has rejected all bids for the purchase of up to 4 million barrels of crude oil for the Strategic Petroleum Reserve.
Officials in the department’s Office of Fossil Energy said they determined the bids were too high and not a reasonable value. Another solicitation for bids is to be issued this [...]

Energy company Petroleum Development Corp. said Wednesday it received a notice from the Nasdaq Stock Market granting its request for a hearing before the exchange’s listing panel.
The company said it will present its plan for regaining compliance with Nasdaq’s filing regulations at the hearing on May 10.
Petroleum Development Corp. said it is in the process [...]