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Author Archives: Zachary Toliver

Regulators expect lawsuit over oil, gas rules process

lawsuit

State regulators expect a judge eventually will decide whether they followed the proper process in writing environmental rules for the conventional oil and gas industry. “You’re going to sue us,” Pennsylvania Department of Environmental Protection Deputy Secretary Scott Perry told industry members during an advisory committee meeting Thursday in Harrisburg. He and the Conventional Oil and Gas Advisory Committee agreed ...

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Oil prices surge in short-covering rally: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Front-month Brent crude futures surged more than 10 percent higher yesterday, one of the largest daily percentage movements on record, as traders raced to cover short positions. U.S. crude futures rose almost as much, with the October contract ending the day up by more than ...

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Exclusive: Arab OPEC producers brace for oil-price weakness for rest of 2015

DUBAI/LONDON (Reuters) – A second oil price rout of 2015 has forced Arab OPEC members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to defend market share and curb rivals’ output. OPEC delegates, including those from core Gulf OPEC countries, see economic troubles in top energy consumer China as short ...

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Target Logistics to build new Permian Basin mancamp

A pump jack which produces oil from the Permian Basin in Artesia, New Mexico, is seen in this undated handout photo provided by Devon. REUTERS/Devon Energy/Handout via NewsCred

Target Logistics recently announced plans to build a new 200-bed mancamp somewhere in West Texas for “one of the world’s largest independent oil and natural gas exploration and production companies,” at a time when occupancy rates at such facilities suffer from the oil and gas downturn. Woodlands-based Target Logistics did not disclose the company that commissioned the lodging facility or ...

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Legacy of the “Father of fracking” calls for support of methane regulation

A Texas-based foundation that is the legacy of oil icon George Mitchell has made a fundamental break in the typical energy narrative by supporting methane emission reduction. In a statement released last week, The Cynthia and George Mitchell Foundation gave its support to the U.S. Environmental Protection Agency’s proposal to reduce methane emissions. The EPA hopes to pass ruling to ...

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Kentucky trucker gets prison in Texas prostitution case

WACO, Texas (AP) — A trucker from Kentucky must serve more than four years in federal prison for trying to transport prostitutes he planned to pick up in Texas. Anthony Wayne Farrior of Paducah, Kentucky, was sentenced Wednesday in Waco. The 28-year-old trucker in July pleaded guilty to violating the Mann Act, which deals with prostitution and human trafficking. Prosecutors ...

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RRC awards innovative restoration projects of Texas coal mines

Ever wonder what happens to abandoned coal mining land? Well, thanks to the regulations of the Railroad Commission of Texas, many become restoration projects and the RRC gives an annual award to companies doing the best work in the pursuit of public safety and natural resources. On Tuesday, the RRC announced the 2015 Reclamation Award recipient. The Texas Westmoreland Coal ...

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Oil glut pushing down gas prices

Gasoline prices are dipping below $2 per gallon at some pumps, a trend that is expected to continue into the new year. For some investors, the declining price of oil will mean lower profits. Consumers, on the other hand, will be driving a little farther as pump prices dip in their favor. “It’s the world oil glut,” Jet Pep General ...

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Lifting of oil-export ban urged

New Mexico oil-industry leaders urged the federal government on Tuesday to lift its four-decade-old ban on oil exports at a forum at Albuquerque’s Crowne Plaza Hotel. A five-member panel, organized by the New Mexico Association for Commerce and Industry, discussed the impact of plummeting oil prices on local industry and the need for producers to gain access to international markets ...

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