Russian Oil Producers Accelerate New Drilling By Irina Slav - Apr 25, 2025, 1:51 AM CDT ...

A patch of forest undergrowth hiding a long-forgotten, leaking oil well. Relics like these dot the country from California to Pennsylvania: unused, unplugged oil and gas wells.

Under Biden-Harris, our E&P side has done well with higher oil prices, but our frac side revenues have gone to hell in 2024. “Blame it on the election,” I’m told.

About eight of the communities, as well as a school, are situated downstream from Raccoon Point, raising concerns that spilled oil could flow in their direction, affecting surface water and the ...

There was a circle in Maria Burns' yard where grass wouldn't grow and trees died. She knew what it was: An old natural gas well, plugged when she was a little girl, starting to leak again.

We can’t stop drilling for oil and gas because of the fear of blowout. Oil revenue is the backbone of several economies, as such, the only option before us is to engineer solutions that will ...

How to read drilling reports: Each report lists, in order, the county, company name, well name, geographic well location, production (or completions) and total depth in feet (TD). On completions ...

The L.A. County Board of Supervisors on Tuesday unanimously voted to repeal a 2023 law to phase out oil drilling in unincorporated communities over the next 20 years.

In a 16-page ruling dated Sept. 6, Los Angeles County Superior Court Judge Curtis A. Kin overturned the city’s ordinance to ban new oil drilling and phase out existing drilling within the city ...

The foundation: IDC deduction At the heart of these tax benefits lies the intangible drilling cost (IDC) deduction, a powerful tool that can transform the economics of oil and gas investments ...