Congressional Democrats were quick to reject the push for lifting the drilling moratorium, saying oil companies already have 68 million acres offshore waters under lease that are not being developed.
House Speaker Nancy Pelosi called Bush’s proposals “another page from (an)… energy policy that was literally written by the oil industry — give away more public […]

ith Pennsylvania facing record interest from the natural gas industry, Department of
Environmental Protection Secretary Kathleen A. McGinty today said taking advantage of the state’s energy resources is important to its economy and the nation’s interests, but doing so must be balanced against the need to protect its natural resources.
Speaking at a first-of-its-kind summit today attended […]

Royal Dutch Shell has been buying water rights in western Colorado for possible use in getting petroleum out of oil shale, and that has some water officials and conservation groups concerned.
Shell won’t say how much water the company has purchased, and state and local governments say they don’t have complete ownership records.
Energy companies are still […]

Result Energy Inc. is pleased to provide a year end 2007 summary and an update on 2008/09 exploration plans:
2007 Review
Result’s average daily production increased for the 6th consecutive year to 1,119 boed from 823 boed in 2006, a 36% year over year increase. Production is currently 90% weighted to natural gas and following the April […]

Domestic Energy Corp., an independent oil and gas exploration and development firm, announced here it plans to become one of the early participants in the new Chattanooga Shale natural gas development in Tennessee.
“Domestic Energy has people in the gas fields of Tennessee today, launching its bid to become one of the large independents operating in […]

North Dakota’s own estimate of how much oil can be gotten economically, using current technology, from the Bakken formation in the Williston Basin is slightly above or below 2.1 billion barrels, Lynn Helms reported this morning at a conference here.
Helms, director of the state’s department of mineral resources, said that estimate is based on a […]

Deliverability and Cost at GasMart 2008, NGI Reports 23/04/2008 19:23:00 Business Wire The rapidly developing natural gas shale play in the outer regions of British Columbia, among the latest North American natural gas hotspots, is just one element of the complex and shifting development and delivery systems that will be assessed by industry leaders at […]

Energy finds in Saskatchewan, New Brunswick, North Dakota and Pennsylvania could give investors cheap, low-risk — albeit unconventional — entries into oil and gas now, and handsome profits later.
Western North Dakota and western Pennsylvania, by which I mean the middle of nowhere, are on track to become the center of the universe for energy companies […]

Oil and natural gas production company Southwestern Energy Co. on Monday reaffirmed its production forecast for 2008, citing continued investments in its Fayetteville Shale operations in Arkansas.
The company still expects to produce 148 billion to 152 billion cubic feet of oil equivalent this year, representing an increase of 30 percent to 35 percent over 2007.
Shares […]

Triangle Petroleum Corporation (the “Company” or “Triangle”) (OTC BB:TPLM.OB - News) reports that the board of directors has reviewed the Company’s portfolio of projects in detail and has elevated the 516,000 gross acre (806 square miles) Windsor Block in the Maritimes Basin to Triangle’s primary shale gas project. The Company has also elected to sell […]