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Oil, gas regulations to get new scrutiny in Nebraska

LINCOLN, Neb. — A proposed wastewater dumping site in western Nebraska is prompting lawmakers to take a new look at the state’s oil and natural gas regulations, which opponents say are too lax. The review follows public complaints about a little-known state commission that oversees drilling and disposal sites primarily in western Nebraska. Two senators have introduced legislative studies to ...

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Global Markets – Oil slumps on Goldman call, stocks mixed before Fed meeting

NEW YORK – Crude oil fell on Friday after Goldman Sachs slashed its price forecast through next year, while global equity markets traded mixed on worries over the economic outlook and whether the Federal Reserve will raise interest rates next week. A drop in U.S. consumer sentiment in September to its lowest in a year initially weighed on Wall Street, ...

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Local author, businessman John Pugh dies

ASHEBORO — Asheboro businessman, athlete, author and centenarian, John Q. Pugh, has died at the age of 101. Pugh would have reached the 102 milestone on his birthday Oct. 12. Pugh, founder of Pugh Oil Company, passed away at Clapp’s Convalescent Nursing Home Thursday. Pugh served his country in the Army Air Corps during WWII. He started in business with ...

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Two events for one future: Texas energy leaders to share strategy at Eagle Ford conferences

Even the Eagle Ford—which is bursting at the seams with oil— isn’t immune to the effects of the current low-price environment. Now more than ever, companies operating in the region need access to the latest intelligence coming from the field. Next month, thousands of energy industry professionals will converge in San Antonio for two world-class industry conferences. Hart Energy— an ...

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Two events for one future: Texas energy leaders to share strategy at Eagle Ford conferences

Even the Eagle Ford—which is bursting at the seams with oil— isn’t immune to the effects of the current low-price environment. Now more than ever, companies operating in the region need access to the latest intelligence coming from the field. Next month, thousands of energy industry professionals will converge in San Antonio for two world-class industry conferences. Hart Energy— an ...

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Again? Continental Resources cuts budget, Bakken rig count

Continental Resources, North Dakota’s second largest oil producer, announced that it will be cutting its budget for 2015 yet again amidst the persisting slump in oil prices. However, the company does anticipate continued production growth. As reported by Reuters, last year Continental CEO Harold Hamm cancelled all of the company’s oil hedges. He called Saudi Arabia, the de facto leader ...

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Dane County gives up on requiring oil spill cleanup fund

MADISON, Wis. — Dane County officials have given up on trying to force Enbridge Energy to provide stronger financial assurances for a proper cleanup of a spill from the company’s crude oil pipeline across Wisconsin. County zoning administrator Roger Lane tells the Wisconsin State Journal (http://bit.ly/1KalG02 ) it’s fruitless because of opposition from state lawmakers. Environmentalists want Dane County to ...

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Report: 34 killed on job in Wyoming in 2014

CHEYENNE, Wyo.— A higher-than-average number of workers died on the job in Wyoming last year. The Wyoming Department of Workforce Services said Tuesday 34 people died at work in Wyoming last year. That’s up from 26 in 2013 and close to the recent high of 35 fatalities in 2012. Wyoming has been averaging 30 deaths on the job since 2008. ...

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Alberta regulator lets Nexen reopen some Long Lake pipelines

TORONTO – Alberta’s energy regulator said late on Sunday it will allow Nexen Energy, the Canadian subsidiary of China’s CNOOC Ltd, to reopen some pipelines ordered closed following a major spill. The Alberta Energy Regulator said it would allow a restart of 40 of 95 pipelines closed at Nexen’s Long Lake oil sands operations after reviewing maintenance and monitoring documentation. ...

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