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Tag: drillers
Shale Oil Architect Predicts Doom for Some Drillers Amid Slump
2016-02-24 06:34:07| Oil & Gas - Topix.net
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Mark Papa, the former EOG Resources Inc. chief executive officer who helped create the shale industry more than a decade ago, said drillers are "grievously wounded" as crashing crude prices exact their toll.
IEA: Slashed spending by drillers could lead to price spike
2016-02-22 22:40:58| Energy - Topix.net
"' Oil prices will more than double by 2020 as current low prices lead drillers to cut investment in new production and gradually reduce the glut of crude, the head of a group of oil-importing countries said Monday. Oil prices shot to more than $100 a barrel in mid-2014 before a long slide sent them crashing below $30 last month.
Tags: price
lead
spending
spike
West Virginia Senate advances two bills to aid gas drillers
2016-02-20 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Gazette Mail: The West Virginia Senate advanced two bills Thursday to ease restrictions on the oil and gas industry, potentially at the expense of landowners. One bill, which limits property owners ability to file lawsuits when their property has been devalued, has potentially much further reaching effects, although much of the discussion focused on oil and gas drilling. The bill (SB 508) gives businesses virtual immunity from private nuisance lawsuits so long as the business does not violate a law, regulation...
Tort Suit Seeks to Hold Drillers Responsible for Oklahoma Earthquakes
2016-02-16 07:50:24| Oil & Gas - Topix.net
In what may be part of a wave of litigation blaming increased seismicity on oil and gas development activities, 12 residents of Oklahoma City and its suburbs filed suit against oil and gas drillers and operators of wastewater injection wells following two earthquakes in central Oklahoma. See Felts v.
Tags: responsible
hold
suit
oklahoma
Oil Driller's Lawsuit Could Cost Texas Billions in Tax Refunds
2016-01-30 16:48:57| Oil & Gas - Topix.net
A loss oil driller's tax challenge could cost Texas up to $4.4 billion in refunds, comptroller Glenn Hegar warns. As plunging oil prices hollow out drilling country across West and South Texas, energy companies are hoping for a mammoth windfall from an unconventional source: the Texas Supreme Court.
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