Posted on November 5, 2014 at 1:20 pm by Rhiannon Meyers in
General,
Hydraulic fracturing |
The resurgence in domestic drilling made possible by new techniques like hydraulic fracturing and horizontal drilling has created thousands of new jobs since the recession, and nowhere is that more evident than the Lone Star State.
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Only voters in Santa Barbara County said “No” to a prohibition on the drilling technique.
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The Texas Oil and Gas Association filed its challenge in federal court on Wednesday morning, arguing that the city has no right to override state policy favoring subterranean mineral extraction.
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The vote made Denton, which sits atop a large natural gas reserve, the first city in Texas to pass such a ban. It sets up a legal showdown between the city and industry groups that have warned the ban could be followed by lawsuits and a severe hit to Denton’s economy.
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Posted on November 4, 2014 at 5:13 pm by Associated Press in
Hydraulic fracturing |
A full hearing on the matter is scheduled for Nov. 12.
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West Texas Intermediate touched $75.84 a barrel, the lowest intraday price since Oct. 4, 2011 as Saudi Arabia price cuts deepened a selloff in crude.
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But the governor continued to say he will let scientists decide on the drilling practice.
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Posted on November 4, 2014 at 7:02 am by Bloomberg in
featured,
Hydraulic fracturing,
Shale |
Halliburton CEO Dave Lesar is joining the chorus of oil executives who say they aren’t worried about falling oil prices, and expect them to climb next year.
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Lower oil prices, while good for the broader U.S. economy, are a threat to what has been a surprising and dramatic surge in oil production in the U.S.
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As Election Day nears in this small city 30 miles north of Dallas, a wary unease has settled over the early voting on a local referendum of national significance. If passed, the proposition would be the first to completely ban the petroleum extraction technique known as hydraulic fracturing in one small corner of the great oil and gas boom state of Texas.
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Posted on November 2, 2014 at 5:28 pm by Joshua Cain in
Hydraulic fracturing |
Farmers in Glasscock County, where wells outnumber people more than three-to-one, say they’re losing valuable land to new drilling sites.
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Chevron, ExxonMobil and other oil companies have donated about $7 million to try to defeat the fracking bans in Santa Barbara, San Benito and Monterey counties.
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