Against a backdrop of tanking oil and natural gas prices, drilling contractors Friday struck a contrarian tone at an annual gathering here: business is almost too good.
The recent weakening in commodity prices has raised investor skittishness toward energy in some cases. But oil and gas drillers, gathered for the annual meeting of the International Association [...]
Texans may consume more electricity than other Americans, but they’re suddenly debating the wisdom of doubling the number of coal-fired power plants in the state — plants critics say will worsen air quality and increase health risks.
The threat of more smog-forming emissions from 12,000 new megawatts of coal-fired generation on the books for Texas has [...]
Rancher Energy Corp. is pleased to announce that it has entered into an agreement to acquire sizeable interests in a prospective oil play in Wyoming’s Powder River Basin.
Under the terms of the purchase and sale agreement, and subject to completion of financing, Rancher Energy now has a definitive agreement in place that comprises a 100% [...]
Drilling activity in Canada is down for the first time in four years because of low natural gas prices, according to the Petroleum Services Association of Canada.
PSAC yesterday revised its 2006 forecast, dropping it 7.5% from 25,290 to 23,410 wells drilled.
The second quarter showed a 34% drop from the original forecast, released in October, [...]
Standing tall amid sunflowers and bales of hay, a greasy drilling rig roared loudly, a recent addition to an otherwise idyllic ranch north of Dallas, Texas.
Other signs of change sweep across rolling green fields — green-painted gas wells, large trucks trundling across narrow country roads and a mesh of pipes peeking out of bushes.
This is [...]
Standing tall amid sunflowers and bales of hay, a greasy drilling rig roared loudly, a recent addition to an otherwise idyllic ranch north of Dallas, Texas.
Other signs of change sweep across rolling green fields — green-painted gas wells, large trucks trundling across narrow country roads and a mesh of pipes peeking out of bushes.
This is [...]
Halliburton Co., the world’s No. 2 oilfield-services company, likely will report an increase in second-quarter profit after customers spent more on drilling in North America.
The Houston-based company may say profit rose to 49 cents a share, according to the average estimate from 23 analysts in a Thomson Financial survey. That’s 29 percent higher than the [...]
PetroChina increased oil and natural gas production 6.8 percent in the first half as energy demand soared in the world’s fastest- growing major economy, the company said Monday.
Crude and gas output rose to the equivalent of 533.2 million barrels of oil, the company said. Oil production gained 1.8 percent from a year earlier, while [...]
A tract of sea floor more than a mile beneath the surface of the Gulf of Mexico lies at the center of a fight in Congress over the future of offshore drilling, with billions of dollars at stake.
For 25 years, a congressional moratorium, renewed annually, has barred exploration on 85 percent of the Outer Continental [...]
www.NaturalGasStocks.com (NGS) and www.OilandGasStockNews.com (OGSN), global investor websites for the natural gas, energy and oil industries, take a look at speculation surrounding the 2006 hurricane season in terms of potential impacts on oil and natural gas supplies and prices. With the oil and gas sector, and in particular the Gulf region, still recovering from the [...]
