The number of rigs actively exploring for oil and natural gas in the United States rose by six this week to 1,928. A year ago, the rig count stood at 1,790.
Of the major oil- and gas-producing states, Texas gained 14 rigs, Oklahoma added five and Alaska and California each gained one. Louisiana lost nine rigs, [...]
The number of rigs actively exploring for oil and natural gas in the United States fell this week by 12 from last week.
Of the 1,877 rigs running nationwide, 1,479 explore for natural gas and 390 for oil, according to Baker Hughes Inc., which tracks rig operations worldwide. Eight were listed as miscellaneous.
A year ago, the [...]
The Bakken oil formation, which stretches across North Dakota, Montana and southeastern Saskatchewan, is suddenly drawing worldwide attention.
On Thursday, April 10, the U.S. Geological Survey (USGS) published an official study on the massive Bakken reserve.
Among the agency’s findings:
* Up to 4.3 billion barrels of oil could be recovered from the Bakken shale formation — a [...]
Asia faces the threat of higher inflation, slower growth and tougher times for exporters after oil prices hit new highs and the dollar plunged last week.
Farmers, miners and oil companies could benefit from high commodity prices. But most of Asia is dependent on imported energy and raw materials, and even some oil-exporting countries such as [...]
There’s a saying in these parts: Where oil flows, a city grows.”
Yet more than just oil and gas is fueling a recent growth spurt for the southeastern New Mexico town, whose 2,700 residents have begun to feel the initial impact of a $1.5 billion uranium enrichment plant going up nearby. Situated on 640 acres just [...]
Rural Alaska leaders and fishermen are jockeying for President Bush’s attention over the possible lifting of a moratorium on drilling in Bristol Bay and a portion of the Bering Sea.
Not that they speak with one voice.
From east in the Aleutians to west in Dillingham, there’s a lot of differing opinion on whether oil and gas [...]
Pennsylvania is experiencing a mini-oil- and natural gas-drilling boom, state officials say.
Drilling activity is on pace to set a third consecutive yearly record, the Department of Environmental Protection said Thursday.
At the end of August, DEP issued 4,919 permits — a 29-percent increase over the 3,818 issued during the same period a year ago.
The number of [...]
An oil-driven economic boom has made Angola the toast of the town in boardrooms from Houston to Beijing.
But on the outskirts of the African nation’s bustling capital of Luanda, the talk is not of a more prosperous future but rather of a stolen one.
Led by a collection of reformed Marxists and Western-leaning technocrats, Angola’s government [...]
