Sentences with phrase «for oil shale»

Tuesday's release of proposed rules for oil shale exploration across the Rocky Mountain West by the Bureau of Land Management was merely another shot across the bow in the political blame game over $ 4 - per - gallon gas.

Shell Oil's plan to acquire a junior water right for eight percent of Colorado's Yampa River average April - to - June flow for oil shale development has been opposed by some twenty - five parties, all submitting letters of opposition to the Colorado Water Court in Steamboat Springs.

Well, this one starts by opening up the North Slope of the Arctic National Wildlife Refuge to oil and gas leasing, clearing the way for oil shale development on public lands, and allowing offshore drilling on heretofore off - limits areas of the Atlanta and Pacific coasts - including, of course, California.

It's not about the environment and all about the royalties: Money Received From Leases Far Lower Than Conventional Oil Salazar called the leases «flawed» because the 5 % royalty rate paid for oil shale production on those lands «sells the taxpayers short».

No later than January 1, 2016, the Secretary of the Interior shall hold no less than 5 separate commercial lease sales in areas considered to have the most potential for oil shale development, as determined by the Secretary, in areas nominated through public comment.

Requires the Secretary, by January 1, 2016, to hold at least five separate commercial lease sales, in multiple lease blocs, in areas of at least 25,000 acres, which: (1) have been nominated through public comment, and (2) are considered to have the most potential for oil shale development.

Currently companies pay 12.5 - 18.8 % to the feds for on and offshore oil development, while the lowest Interior Department proposal fixes the royalty rate for oil shale at 5 %.

Not exact matches

If the U.S. develops its oilsands and its oil shale resources in the western states, it will be great news for Canada's energy industry for several reasons, writes Erica Alini.

For the second consecutive quarter, Continental bested rival Whiting Petroleum Corp to be the largest oil producer in the Bakken, solidifying that crown and its place as one of the most - prolific U.S. shale companies.

It is redesigning its deepwater oil platforms and onshore shale - gas projects to simplify them, a major cultural change at a firm that has long prided itself more for engineering prowess than for economic discipline.

Goldman Sachs has downgraded its estimations for oil prices for this year, citing a potential rise in shale gas production, new projects and OPEC restrictions.

An estimated average of 20 billion barrels of oil and 1.6 billion barrels of natural gas liquids are available for the taking in the Wolfcamp shale, which is in the Midland Basin portion of Texas» Permian Basin.

Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the shale oil and gas revolution continues to power investment, job creation and revenue growth.

In California, oil companies are pressing for further exploration of the massive Monterey Shale, a 1,750 - square - mile area extending from the agricultural Central Valley to the Pacific Ocean that federal energy officials say could ultimately comprise two - thirds of the nation's shale oil reserves.

But they represent another way for Wall Street and shale producers to increase the flow of oil, and frustrate plans by the Organization of the Petroleum Exporting Countries to prop up prices.

Reports that shale companies were posting juicy profits at very low oil prices has likely factored into heady projections for shale output.

Another significant observation is that the shaky financial position for some shale drillers also suggests that the downside risk to oil prices might not be as serious as once thought.

HOUSTON, April 16 - Billionaire activist investor Carl Icahn on Monday nominated a five - person slate of his employees and business associates to replace the SandRidge Energy Inc board of directors, escalating his fight for control of the U.S. shale oil producer.

HOUSTON, April 16 (Reuters)- Billionaire activist investor Carl Icahn on Monday nominated a five - person slate of his employees and business associates to replace the SandRidge Energy Inc board of directors, escalating his fight for control of the U.S. shale oil producer.

Trump tariffs hit raw nerve in energy pipeline sector Oil pipelines prepare new battle tactics for environmental activists US shale forecasts are too optimistic, pioneering fracker says

It's going to cost her $ 3,200 to get a lab to test for all the acids, detergents and poisons that companies say they use for fracking — or hydraulic fracturing — to break up underground shale and remove oil and natural gas.

March 27 - Reliance Industries Ltd said on Tuesday its unit would sell some of its shale assets in the United States to privately held Sundance Energy Inc for $ 100 million, as the Indian oil - to - telecom conglomerate moves closer to exit U.S. shale investments.

Adam Sieminski, head of the department's Energy Information Administration, said: «Today's report indicates a significant potential for international shale oil and shale gas, though the extent to which technically recoverable shale resources will prove to be economically recoverable is not yet clear.»

Workers with Raven Drilling line up pipe while drilling for oil in the Bakken shale formation outside Watford City, North Dakota.

Whether or not that happens — and frankly, it's an extreme example of the worst - case scenario for US shale producers — a glut of global oil inventories is already weighing on oil prices.

This is especially true in the new boomtowns that have powered the shale oil revolution in the U.S. (For an on - the - ground report from North Dakota oil country, see «Waiting for the Reckoning.&raquFor an on - the - ground report from North Dakota oil country, see «Waiting for the Reckoning.&raqufor the Reckoning.»)

She mentioned that, despite the shale - oil boom, the U.S. would continue to need energy imports «for a very long time.»

What's more, any uptick in oil prices will likely incentivize non-OPEC countries, for instance, U.S. shale producers, to pump up supplies.

Then, in late 2009, Exxon Mobil, the biggest of Big Oil companies, bought shale gas producer XTO Energy for US$ 41 billion.

The extraordinary cost reductions achieved by North American oil and gas companies have likely reached their limit, and any boost in profitability for much of the U.S. shale and Canadian oil sands industries will have to come from higher oil prices, according to a new report from Moody's Investors Service.

NEW ORLEANS (Reuters)- U.S. shale oil producer Anadarko Petroleum Corp expects double - digit increases in service costs this year for its operations in the Permian Basin, the largest U.S. oilfield, its chief executive said on Tuesday.

NEW ORLEANS U.S. shale oil producer Anadarko Petroleum Corp expects double - digit increases in service costs this year for its operations in the Permian Basin, the largest U.S. oilfield, its chief executive said on Tuesday.

China is becoming a key market for global oil exporters as surging output from shale fields from Texas to North Dakota allows the U.S., the biggest crude consumer, to rely less on overseas supplies.

According to the Energy Information Administration's (EIA) most recent report on drilling productivity, total U.S. shale oil output is expected to climb above 6 million barrels a day for the first time in September.

NEW ORLEANS, March 27 U.S. shale oil producer Anadarko Petroleum Corp expects double - digit increases in service costs this year for its operations in the Permian Basin, the largest U.S. oilfield, its chief executive said on Tuesday.

British Columbia taxpayers are now subsidizing massive water allocations, road construction and basic scientific research for uneconomic shale gas development by multinational and Chinese national oil companies.

According to the IEA, the drilling boom for shale oil is putting US production on track to pass Saudi Arabia.

U.S. oil and natural gas production from Pennsylvania could help power Ontario and Quebec for instance, even as Canadian shale flowed through pipelines from Alberta to the U.S. Infrastructure matters a lot in these settings, especially given the difficulties most companies are facing in building new pipelines (Exhibit A: see the Dakota Access Pipeline).

After eliciting an admission from the agent that Mammoth believed it had discovered a substantial shale oil deposit suitable for fracking, Farmer drove a hard bargain for the drilling rights.

The recent oil shale boom was powered mostly by small firms because larger multinationals like Exxon and BP are structured for big payoff, technically - difficult projects like deep water drilling and Arctic exploration.

For the longest time, OPEC and Russia have been pulling out all the stops to limit the production of crude oil in the East, while shale producers in the West have only been taking advantage of these efforts to ramp up their own output.

While WoodMac sees trouble ahead for the Permian, a separate study from IHS Markit estimates a massive volume of oil still remains in the Permian, and that the best days for the shale basin are ahead.

New shale oil well productivity drove U.S. production higher in the last few years, with the average daily rate for the first month of operation rising from less than 100 Continue Reading

Steve Pastor, BHP's president for petroleum operations, said this week the company would consider swapping certain onshore oil and gas assets with competitors» offshore assets as part of its effort to exit U.S. shale operations.

While we are seeing great increases in U.S. shale oil production, the truth is that many U.S. refiners have lighter condensate than they need for heavy crude to ramp up.

U.S. shale oil billionaire Harold Hamm, who once called the Organization of the Petroleum Exporting Countries, a «toothless tiger,» https://www.reuters.com/article/us-contl-resources-ceo-hedging-idUSKBN0IQ18R20141107 is now crediting the 14 - nation group for its steps to boost crude prices.

One small group thinks that lower for longer could end soon because U.S. shale can't keep a lid on prices forever and can't catch up with expected robust demand — all the more so that investments in conventional supply around the world have slumped since the oil prices started crashing.

OPEC on Wednesday raised its forecast for non-member oil supply this year to almost double the growth predicted four months ago as higher prices spur U.S. shale drilling, offsetting OPEC - led output cuts and a collapse Continue Reading

Less than a year ago major shale firms were saying they needed oil above $ 60 a barrel to produce more; now some say they will settle for far less in deciding whether to crank up output after the worst oil price crash in a generation.

While it's perfectly true that there isn't enough U.S. shale to flood the world with oil, a lot of what there is is historically cheap to produce so as to give crude from the Middle East a real run for its money; and a solid proportion of that production has been sold forward at attractive levels in the futures market ensuring financial stability for U.S. producers.