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USGS: Wolfcamp shale holds 20 billion undiscovered barrels of oil

Drillers have wrung oil out of West Texas for a century, but there’s still plenty left in untapped shale rocks. In its first assessment of the …

In matters of energy security, gas could be the new oil

WASHINGTON - In July, the Greek tanker Maran Gas Appollonia set off on a monthlong voyage from the Louisiana Gulf Coast, filled with more than 3 …

Exclusive Interview with Dr. James Dobson – Did Donald Trump Recently Accept Christ?

<b>– EXCLUSIVE –</b><b><br>INTERVIEW WITH DR. JAMES DOBSON</b><b><br>DID DONALD TRUMP RECENTLY ACCEPT CHRIST?</b><p>JUNE 29 UPDATE . . .<p>JUNE 27 UPDATE . . .<p><b>CNN LIVE:</b> Michael was …

How US Shale Producers Survived the Oil Price Wars

Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil …

Texas adds 13 drilling rigs as oil prices improve

A crew works on a gas drilling rig at a well site for shale based natural gas in Pennsylvania. (Keith Srakocic/AP photo 2012)<p>Energy companies brought …

U.S. shale oil output to dip for seventh consecutive month: EIA | Reuters

(Reuters) - U.S. shale oil output is expected to fall in July for the seventh consecutive month, according to a U.S. government forecast on Monday, despite a recent rally in crude prices to an 11-month high over $51 a barrel.<p>A pump jack stands idle in Dewitt County, Texas January 13, 2016. …

Colorado’s Mancos Shale Gas Formation To Contain Much More Gas Than Thought

Colorado’s Mancos formation has just received new estimates that says it contains significantly more shale natural gas than previous estimates …

Shale Econ 101

Rusty Braziel is president and principal consultant for RBN Energy, which provides advisory services specializing in strategy, acquisitions, and …

In Weighty Water Ruling, Texas' High Court Backs Landowner

The Texas Supreme Court has strengthened protections for landowners who don’t have rights to the water underneath their property.<p>The Texas Supreme …

What follows a boom and bust? South Texas communities are finding out

Many South Texas communities were dying a slow death before the shale drilling boom arrived around 2009 and injected the region with economic …

The Organization of Petroleum Exporting Countries’ inability to reach consensus amid low point in commodity cycle comes under question before 2 June meeting<p>As the Organization of Petroleum Exporting Countries (Opec) meets on 2 June, questions are rising about the oil cartel’s continuing …

Oil

Colorado Supreme Court Bars City Fracking Bans

The Colorado Supreme Court affirmed decisions by lower state courts to overturn two cities’ fracking bans on May 2, ruling against Fort Collins’ …

The Price Of Oil: Looking Ahead Without All The Noise

The one given in this industry is that the analyst community is consistently wrong about where the price of oil is going in the near to mid-term. …

U.S. oil industry bankruptcy wave nears size of telecom bust | Reuters

HOUSTON (Reuters) - The rout in crude prices is snowballing into one of the biggest avalanches in the history of corporate America, with 59 oil and gas companies now bankrupt after this week’s filings for creditor protection by Midstates Petroleum and Ultra Petroleum.<p>Dead sunflowers stand in a …

Oil Prices May Not Need OPEC Agreement to Rise

[By Edward Chancellor]<p>Identifying the trough of an industry cycle is more art than science. But two signals usually stand out. First, it helps when …

Oil Baron Harold Hamm Endorses Trump for President

Harold Hamm, chief executive of shale oil producer Continental Resources Inc and Mitt Romney's 2012 energy adviser, endorsed U.S. presidential …

‘The Oracle of Oil: A Maverick Geologist’s Quest for a Sustainable Future’, by Mason Inman

Few scientific ideas have fallen out of favour as quickly as the claim that we are close to peak oil. The theory that the world’s output of crude was …

Opec's oil crisis talks stumble as Iran refuses to freeze output

Oil prices could fall again as big exporting nations struggled to agree a plan to freeze production, despite holding crisis talks over the weekend to search for a way to push up prices.<p>Prices have fallen precipitously over the past two years as a fall in demand combined with a big rise in …

World’s biggest oil producers meet to discuss possible freeze on production

Rare off-scheduled meeting between Opec and non-Opec suppliers will focus on what they can do to staunch the continued global surplus of crude …

Saudi Arabia Warns of Economic Fallout if Congress Passes 9/11 Bill

“It’s stunning to think that our government would back the Saudis over its own citizens,” said Mindy Kleinberg, whose husband died in the World Trade …

Iraq is flooding America with lots of oil

Tons of Iraqi oil is finding a home in America.<p>The U.S. more than doubled its imports of oil from Iraq between August and September, according to a Platts analysis of U.S. Energy Information Administration statistics.<p>The dramatic increase in Iraqi oil imports is only adding to the already-massive …

A Brief Legal Introduction to a Landowner's Oil and Gas Ownership

Significant developments in oil and gas law in the U.S. date from the first commercial oil well in the U.S., drilled to a depth of approximately 70 feet in 1859 near Titusville, Pennsylvania. Oil and gas law drew from preexisting legal doctrines, such as land ownership extending to the center of …

UAE sees oil rebound in 2016 on stronger demand, less shale

Dubai: Improving economies in Europe and elsewhere together with a continued decline in output of shale oil point to a recovery in demand for crude …

Yahoo

Sports Mashable<p>There are already plenty of people already out there tweeting, blogging and writing about the World Cup - but maybe its time for a new …

Civil Rights

Potentially game-changing oil reserves discovered in Israel

After Israel complained for years that it was surrounded by oil-rich states but didn’t have a drop within its own borders, it appears there’s a big-time turnaround with the announcement Wednesday that massive oil reserves have been located in the Golan Heights,close to the country’s border with …

OPEC just called a time-out in the oil price war

OPEC Secretary-General Abdallah Salem El-Badri is on the wires after rumors were stoked once more of a potential collaboration between OPEC and non-OPEC members to help speed up the balancing of the global market. He said:<p>"We have no problem with cooperating with anybody. Even with the United …

Commodity Meltdown: 19 Oil and Gas Companies in Bankruptcy

<i>Crude Oil: Tug of War with Oversupply and Non-OPEC Production</i><p>(Continued from Prior Part)<p><b>Oil and gas debt</b> <b></b><p>The net debt of US oil and gas exploration …