oil

Law
8:17 pm
Wed May 20, 2015

New Texas Law Makes Local Fracking Bans Illegal

Legislation was signed by Republican Gov. Greg Abbott after the city of Denton voted to restrict fracking. Denton officials say oil companies should not wield more power than citizens.

Editor's Note: Sharon Wilson, an organizer interviewed in this story, began advocating for fracking reform in Denton in 2009 as an unpaid citizen leader. In 2011, she was hired as a full-time organizer by the environmental group Earthworks to continue her anti-fracking work in Denton.

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Business
5:16 pm
Fri May 8, 2015

Oil Companies Look To Fill Employment Gap With More Women

After completing training in 2013, Claire Kerstetter now works as a fluid technician on fracking jobs.
Jeff Brady NPR

Originally published on Fri May 8, 2015 10:38 pm

Look at the oil business and you'll notice it's mostly men. That's a problem for an industry that needs legions of new workers to replace retirees in coming years.

The industry hasn't always treated women fairly, but now it needs them.

The oil business just 30 years ago was a lonely place for the few women who chose to work in it. Rayola Dougher, senior economic adviser at the American Petroleum Institute, says attending industry conferences made that clear.

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Energy
6:03 pm
Wed May 6, 2015

Oil Prices Are Rising Again, But Will They Keep Going Up?

Oil pump jacks in Williston, N.D., in December. Oil prices have been on the rise, but some analysts say the global economic slowdown, fracking and the rise of alternative energy will mean less demand and lower prices.
Eric Gay AP

Originally published on Wed May 6, 2015 7:55 pm

Oil prices hit a new high for the year Wednesday — closing at just under $61 a barrel. They've been rallying for a month, but nobody's predicting $4-per-gallon gasoline anytime soon. And some analysts say weak demand will send oil prices down again.

The recent rise follows an historic drop in prices, which were as low as about $45 a barrel less than two months ago.

So to understand what's going on now, let's look at what sent prices tumbling in the first place

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Energy
6:25 pm
Tue April 21, 2015

Researchers Fly Over Shale Fields To Study Air Pollution

Copyright 2015 NPR. To see more, visit http://www.npr.org/.

Transcript

MELISSA BLOCK, HOST:

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US News
3:42 am
Mon March 30, 2015

With So Much Oil Flowing, U.S. May Be Reaching Storage Limits

Cushing, Okla., is a major oil storage site. Amid record oil production, some analysts worry the U.S. will run out of places to put it all.
Daniel Acker Bloomberg via Getty Images

Originally published on Mon March 30, 2015 11:16 am

Never before has the U.S. had so much oil spurting up out of the ground and sloshing into storage tanks around the country. There's so much oil that the U.S. now rivals Saudi Arabia as the world's largest producer.

But there has been some concern that the U.S. will run out of places to put it all. Some analysts speculate that could spark another dramatic crash in oil prices.

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StateImpact Oklahoma
1:11 pm
Thu March 26, 2015

Oklahoma Running Out of Room for Oil as U.S. Hoards Crude in Cushing Hub

A tanker truck pulling into a terminal at the oil hub in Cushing, Okla.
Joe Wertz / StateImpact Oklahoma

A booming U.S. oil industry has led to near-record amounts of oil production, which has helped drive down oil prices. The energy industry has responded by storing crude instead of selling it at discount rates. That has created a unique situation in Oklahoma, where a major oil storage hub is on track to fill up — completely.

One-fifth of the country’s commercial crude oil storage capacity is located Cushing, Okla., a small city of about 7,900 in northeastern Oklahoma. On the city’s outskirts, field after field are filled with hulking steel storage tanks.

Pumps, compressors and valves hum and shudder. Tanker trucks pull off the busy road and line up at terminals. Sci-fi chirps echo as welders and workers drag cables inside tanks they’re rushing to build. Cushing has room for 71 million barrels of oil, but it’s not enough.

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Business
2:11 pm
Fri March 20, 2015

Some Anxiety, But No Slowdown For North Dakota Oil Boom Town

A production site in the Bakken oil patch as seen from inside an abandoned farmhouse just outside Watford City, N.D.
David Gilkey NPR

Originally published on Fri March 20, 2015 7:58 pm

Low oil prices are causing a drop in new drilling and exploration in North Dakota, but not as much as you might expect.

Take the boom town of Watford City, over in the northwestern corner of the state and in the heart of the Bakken oil patch. Its population has tripled since 2010, and today, continues to climb.

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Parallels
3:23 pm
Mon March 16, 2015

Excitement Over Mexico's Shale Fizzles As Reality Sets In

A platform owned by Mexico's state-run oil company Pemex is seen off the Bay of Campeche in the Gulf of Mexico. The country has recently opened up its energy sector to foreign investors.
Victor Ruiz Reuters/Landov

Originally published on Mon March 16, 2015 8:01 pm

The prolific shale formation that has made people rich in South Texas doesn't stop at the Rio Grande, as U.S. maps seem to indicate.

"The geology doesn't change when you cross that little 20-foot-deep river," says Brandon Seale, president of San Antonio-based Howard Energy Mexico. "What goes on 10,000 feet under the river is the exact same."

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Business
4:16 am
Tue March 10, 2015

Low Oil Prices Could Stall Explosive Growth In Montana Boom Town

A pump-jack sits atop an oil well near downtown Sidney, Mont. The oil boom has brought thousands of new residents to the town, almost all of whom work in the Bakken oil fields in Montana and North Dakota. Sidney sits at the western edge of the Bakken oil patch, one of the most productive drilling areas in the country.
David Gilkey NPR

Originally published on Tue March 10, 2015 4:52 pm

What happens when the price of oil tanks and suddenly you're faced with a whole lot less money to deal with your town's explosive growth?

If you're 52-year-old Rick Norby, you lose a lot of sleep.

"I haven't slept since I became mayor," he says. "I really ain't kidding you."

When Norby became mayor of Sidney, Mont., oil prices were about $100 a barrel. A year later, they've fallen to roughly half that. Yet oil production has continued to churn right along.

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Economy
3:39 am
Tue March 3, 2015

In Houston, Falling Oil Prices Spark Fears Of Job Cuts Beyond Energy

Originally published on Tue March 3, 2015 12:19 pm

In recent weeks, the price of gasoline has ticked up but regular unleaded still costs about a dollar less than it did a year ago. That's good for consumers, who have more money to spend. But in Houston, one way or another, the paychecks consumers depend on come from the oil business.

The world's three biggest oilfield service firms — Schlumberger, Halliburton and Baker Hughes — have announced a combined 22,000 layoffs in recent months. Those job cuts are worldwide, but many are falling in Houston, where all three companies have headquarters.

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