February 15, 2014 |
CARRIZO SPRINGS, Texas - Just a few years ago this was a sleepy town of 5,600, and people eked out a living from the land. They farmed, worked ranches and leased their property to hunters to make a few dollars. Now, an oil and gas boom is transforming the economy of south Texas, turning Carrizo Springs into a busy city of at least 40,000. Texas oil companies, tapping a vast formation called the Eagle Ford shale, have nearly doubled oil production over the last two years and by next year are expected to produce 4 million barrels a day. That would catapult Texas ahead of Iran, Iraq and the United Arab Emirates to become the fifth-biggest oil producer in the world.
July 23, 2008 |
The Bush administration proposed charging energy companies wanting to squeeze oil out of vast shale deposits in the West lower royalties than they pay for drilling on other federal lands, including in the Gulf of Mexico and Alaska. In draft rules, the Interior Department recommended a range of royalty rates for the extraction of oil from shale on 2 million acres of public property in Colorado, Utah and Wyoming. All would be less -- at least for a time -- than the 12.5% to 18.8% the government currently collects from companies producing oil on and offshore.
January 15, 1986 |
Maybe there's a clue to be found in Mary Jane Eisenberg's hair. It's long now. But when her group Shale was busy exploring what the choreographer/dancer called "hyper-realism," she kept it a half-inch short, a sort of preppy punk style that went along with her wild and wacky adventures in post-modern dance.
April 25, 2014
Re “ Does fracking cause quakes? ,” Editorial, April 20 Thanks for your clearly voiced concerns about fracking. Certainly the geology of California, which is significantly different from other oil shale areas, implies both a risk of major seismic events and increased difficulty in containing the toxic wastes generated. The other potential problems with fracking are almost too numerous to mention in a short letter, including release of more greenhouse gases and local pollution of surface, ground and ocean water, as well as air pollution and transportation issues.
April 7, 2009 |
The drillers have gnawed through a mile of rock here, almost down to a 600-million-year-old layer of sandstone where they hope to bury about 1 million metric tons of carbon dioxide -- equal to the annual emissions of 220,000 automobiles. The $84-million project, of which $66.7 million comes from the Energy Department, will help determine whether storing greenhouse gases underground, so-called sequestration, is a viable solution for global warming. The project by Archer Daniels Midland Co.
November 23, 2011
Private equity firm KKR & Co. LP and three partners say they have agreed to buy the privately held oil and gas company Samson Investment Co. for $7.2 billion In the deal announced Wednesday, KKR and its partners will get access to oil and gas assets in booming shale regions in the U.S., including shale formations that contain large amounts of oil and other liquid hydrocarbons. Samson's wells in the deep water Gulf of Mexico and along the Gulf Coast are not included in the deal.