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Tag: drilling
Drilling Companies Hope Fracking 'Truce' Will Ease Relationship With Environmentalists
2013-03-21 20:00:00| Climate Ark Climate Change & Global Warming Newsfeed
National Public Radio: A group of environmentalists and drilling companies has crafted a truce of sorts over the rapid spread of natural gas production in the Appalachian Basin. Four major drilling companies and several environmental groups have agreed on 15 voluntary standards for cleaner drilling practices. The practices of horizontal drilling and hydraulic fracturing - when companies inject water laced with chemicals deep underground to split open rock formations and get the gas to flow faster - are transforming...
Tags: companies
hope
relationship
ease
Debate over Colorado drilling regulations begins
2013-03-21 17:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: Oil and gas drilling started to come under review Thursday by Colorado lawmakers, who are poised to abandon their traditional hands-off role and take up a raft of measures to tell state regulators how drilling should be controlled. First, a House panel signed off on a dramatic increase to the maximum daily fines for drilling infractions, from $1,000 to $15,000. Another committee approved a bill to require each oil and gas location to be inspected at least once a year, a significant increase. ...
Tags: colorado
regulations
begins
debate
Vantage Drilling Prices $775MM Senior Notes
2013-03-21 08:35:00| OGI
Net proceeds will be used to pay a portion of Offshore Group Investments existing senior notes due 2015.
Tags: prices
notes
senior
drilling
Vantage Drilling Offers $600MM Senior Notes
2013-03-20 16:05:00| OGI
Net proceeds will be used to pay a portion of Offshore Group Investments existing senior notes due 2015.
Tags: offers
notes
senior
drilling
About 23 percent of world's rigs drilling in Texas
2013-03-20 14:38:06| Climate Ark Climate Change & Global Warming Newsfeed
San Antonio Express-News: The Texas oil industry for several decades seemed headed into territory best described by the old saying "all hat and no cattle." But the state appears awash again in oil and gas, with drilling in fields across the state, including one West Texas shale formation that could dwarf both the Eagle Ford Shale in South Texas and North Dakota's famous Bakken Shale. Texas recently had 839 drilling rigs operating -- nearly half of all rigs in the U.S. and 22.7 percent of rigs worldwide, according to...
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