Colorado is the fifth-largest producer of crude oil, with 82% of its production originating in Weld County.20In 2020, as a result of new horizontal drilling and hydraulic fracturing technologies, the state produced about four times more crude oil than it did in 2010. The majority of oil pro...
The U.S. and Mexico have tried for decades to figure out a plan for divvying up the oil and gas resources in the Gulf, but a 2000 moratorium was placed on drilling in the region to allow time for the development of a joint plan. From that point on the U.S. began expand...
HOUSTON, July 28 (Xinhua) -- The number of active drilling rigs in the United States increased by two to 1048, or 90 more than this time last year, showed weekly data collected by Baker Hughes released on Friday. The price of the West Texas Intermediate (WTI) and Brent increased by 0.6...
Harris went one step further, rebranding the 2022 Inflation Reduction Act — the administration’s signature climate law — as a boon to fracking and other drilling, thanks to lease-sale requirements added to the bill by independent West Virginia Sen. Joe Manchin III, a...
JUNEAU, Alaska (AP) — A federal judge on Thursday upheld the Biden administration’s approval of the massive Willow oil-drilling project on Alaska’s remote North Slope, a decision that environmental groups swiftly vowed to fight.
Congress passed and President Carter signed the Alaska National Interest Lands Conservation Act in 1980, increasing the size of the area to 19.4 million acres and changing it to a "refuge." ANILCA also mandated an evaluation of wildlife, oil andnatural gas resources, and impacts if drilling ...
WASHINGTON, April 21 (Xinhua) -- The U.S. Treasury Department said on Friday it will not issue drilling waiver to Exxon Mobil Corp. to work with aRussian state oil company as prohibited by U.S. sanctions on Russia. "In consultation with President Donald J. Trump, the Treasury Department...
WASHINGTON (AP)— The U.S. Bureau of Land Management lacks sufficient resources to inspect high-risk oil and gas wells on federal land as a drilling boom continues in Wyoming, Colorado and other states, Interior Secretary Sally Jewell said Tuesday. ...
We use time-series methods at the national level and dynamic panel methods at the state-level to understand how the increase in exploration and production activity has impacted employment. We find robust statistical support for the hypothesis that changes in drilling for oil and gas as captured ...
TRAVERSE CITY, Mich. (AP) — Enbridge's plans for drilling an oil pipeline tunnel beneath a channel linking two of the Great Lakes do not meet industry standards and pose significant hazards to workers and the environment, experts who reviewed project do