Archives for 2016
Fracking rebound boosts service firms
The oilfield service companies that supply everything from sand to sophisticated robot rigs are seeking a new lease on life as America’s fracking fortunes begin to turn. Shale drillers have added 158 rigs since May,...
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Gas prices continue to drop
The average price for a gallon of regular gasoline in the U.S. fell 1.3 cents during the past week to $2.12 per gallon on Sunday, according to GasBuddy.com. The continuing price drop is tied to...
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Saudis pull out of talks with Russia as OPEC deal stalls
Saudi Arabia has pulled out of talks with non-OPEC producers including Russia planned for Monday because the exporters’ group still has no internal agreement on how to implement supply cuts, according to two delegates. OPEC...
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Texas jury awards Boone Pickens $146 million in West Texas oil lawsuit
By Natalie Posgate of The Texas Lawbook PECOS –Two Midland oil companies and Dallas-based J. Cleo Thompson intentionally failed to meet their end of an agreement with Dallas oil mogul T. Boone Pickens to acquire and...
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EPA raises ethanol mandate higher, riling oil companies
The amount of ethanol and other biofuels that must be blended into the nation’s fuel supply must increase by 6 percent next year, the U.S. Environmental Protection Agency announced Wednesday. That represented a significant gain...
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