A major anti-fracking argument by environmentalists may not have the facts to back it up, according to a new study conducted by Du ...
U.S. shale oil production in April was set for its biggest monthly increase since October as output in the Permian Basin, America's fastest growing shale oil region, was expected to hit another record high, government data showed on Monday.
Total shale oil production was expected to rise 109,000 barrels per day to 4.96 million bpd, according to the U.S. Energy Information Administration's drilling productivity report.
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NEW YORK (Reuters) - Benchmark Brent gained while U.S. crude eased slightly on Monday, after the market pushed higher early in the day on reports that Iraq would participate if OPEC extended oil production curbs into the second half of the year.
Output forecasts from oil ministers of crude-producing countries buffeted the market as industry leaders gathered at the annual CERAweek energy conference in Houston. Prices have been rangebound for more than 60 days on concerns U.S. production growth may undermine the Organization of the Petroleum Exporting Countries' agreement to cut output during the first half of the year.
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Over the last few years, pattison sand has grown into one of the leaders in the silica sand mining business. Now they are opening up what promises to be a new era. As part of an ambitious project to improve local rail efficiency, they are building a state-of-the-art rail load out on their property. That will require the removal of millions of tons of rock. But, instead of simply piling the waste rock somewhere, they will process, recycle it and put it to good use. The project will also create at least 30 new jobs for the area.
A vast field of shale rock in West Texas could yield 20 billion barrels of oil, making it the largest source of shale oil the U.S. Geological Survey has ever assessed, agency officials said. The Wolfcamp Shale geologic formation in the Midland area also contains an estimated 16 trillion cubic feet of natural gas and 1.6 billion barrels of natural gas liquids, the agency said in a release. The discovery is nearly three times larger than the shale oil found in 2013 in the Bakken and Three Forks formations in the Dakotas and Montana, said Chris Schenk, a Denver-based research geologist for the agency.
The main steelworkers' union has backed plans for fracking in the UK.
The energy revolution known as hydraulic fracturing is going global. The United Kingdom recently approved a project in England.