Oil & Gas News:

Articles on oil and gas topics

Trump Budget Would Cut Agency Key to Shale Boom

An agency instrumental to America’s surge in energy production would lose half its funding in President Donald Trump’s proposed federal budget. The Energy Department’s Office of Fossil Energy, whose research helped push the U.S. closer…


As OPEC Cuts, U.S. Oil Exports Surge

The week OPEC agreed to extend oil-production cuts for another nine months, U.S. crude exports hit a new record. The amount of oil U.S. exporters sent abroad climbed to 1.3 million barrels a day late…


U.S. Can Be Leader in Nat Gas Exports, Texas Regulator Says

The shale boom under way in the United States means the country is primed to become a leader in liquefied natural gas developments, a Texas leader said. Federal data show U.S. natural gas production should…


Oil Rigs Jump in 20th Consecutive Weekly Count Gain

The number of drilling rigs exploring for crude oil jumped, fueling the 20th consecutive weekly gain for the U.S. rig count, oilfield services firm Baker Hughes reported on June 2. Overall, the U.S. rig count…


Texas to Study Drilling Impact on West Texas Springs

The Texas Parks and Wildlife Department has embarked on an environmental study to monitor the effects of oil and gas drilling on the springs that feed a famous pool at Balmorhea State Park in West…


Pennsylvania Fines EQT $1.1M for Waste Pit Leak

A Pennsylvania hearing board has fined EQT Corp. $1.1 million for a 2012 leak from a Marcellus Shale wastewater pit in Tioga County, significantly less than the $4.5 million in penalties that state regulators wanted…