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Oil and Gas Awards heads to Dallas in 2015

Dallas, Texas is set to host this year’s Southwest & Midcontinent Oil & Gas Awards, which is a platform to honor the best and most innovative in the industry. The 2015 awards will focus on acknowledging oil and gas industry areas of environmental stewardship, efficiency, innovation, corporate social responsibility and health & safety. A Southwest & Midcontinent Industry Summit will ...

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Study: New Mexico enjoys some of the lowest energy costs


The state of New Mexico has been a top-ranking contender on numerous lists: first in methane emissions, second in exports and now some of the cheapest power in the U.S., the Albuquerque Business Journal reports. According to a study from personal finance website WalletHub, New Mexicans enjoy the third-cheapest electricity costs in the country, averaging around $87 per month. New ...

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Relocating is on the agenda for Clean Earth Inc.


Clean Earth Inc., a company that processes drilling cuttings from the Marcellus Shale formation, is looking to relocate one of its processing centers. The processing company wants to reposition its Williamsport center to the heavy drilled county of Tioga.  To do so, Clean Earth is planning on using 400,000 tons of drilling cuttings, which consists of rocks and dirt that ...

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O&G tycoon scoops Blue Bell out of rough patch

Those of us who enjoy cooling off on a hot July afternoon with Blue Bell ice cream can thank oil tycoon Sid Bass for saving our favorite summer treat, the Houston Chronicle reports. Blue Bell halted its ice cream operations and recalled its products after the Center for Disease Control linked a listeriosis bacterial outbreak to the ice cream. As ...

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Minnesota loons to benefit from BP spill settlement

The 2010 Deepwater Horizon oil spill had far-reaching effects on the environment, including the loon and pelican populations of Minnesota. According to an official with the Department of Natural Resources, Minnesota loons could benefit from the recent $18.7 billion settlement between BP and the U.S. Government, reports Minnesota Public Radio (MPR). Over the next 15 years, Minnesota could receive up ...

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DOJ review of Halliburton and Baker Hughes deal extended

The mega-merger between the world’s second and third largest oil field service companies will grant U.S. antitrust regulators additional time to review the deal. The two companies, Halliburton and Baker Hughes, have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ). The review process of the merger, valued at $34.6 billion, will be ...

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Marcellus permit activity in Pennsylvania


The Marcellus Shale formation in Pennsylvania saw a little bit of action over the last week, along with the U.S.’s largest publicly traded water and wastewater utility company. American Water Works Company announced last week that it has officially acquired Keystone Clearwater Solutions.  The Hershey, Pennsylvania-based company is a water service provider that offers a wide range of water services ...

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Noble acquisition slashes jobs in Houston

Noble Energy Inc.’s recent acquisition of Houston-based Rosetta Resources Inc. will cost at least 70 employees their jobs, the Houston Business Journal reports. The $2.1 billion acquisition and assumption to Rosetta’s $1.8 billion worth of debt is expected to close July 20. With the closure of the acquisition, however, will come the closure of Rosetta’s downtown Houston headquarters in late ...

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Toshiba: To sell or not to sell

Over the weekend, Toshiba Corp., the parent company of Westinghouse Electric Co. LL, shared it is debate on whether or not to sell some of its stake in the nuclear equipment manufacturer. According to a Reuters report, Toshiba is currently dealing with an accounting scandal and will be writing down past earnings.  In an attempt to help itself out, Toshiba ...

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