Billions

The state of Texas is losing billions of dollars because of tax rate deductions for unconventional natural gas wells drilled using hydraulic fracturing (fracking), which are classified as “high-cost wells,” according to a report by the state Legislative Budget Board (LBB).

The state of Texas is losing billions of dollar because of tax rate deductions for shale gas wells using hydraulic fracturing that are classified as “high cost wells,” according to a report by the state Legislative Budget Board (LBB).

An environmental group focused on recreation says industrial-scale development of oil shale is harmful to rivers and could require billions gallons of water annually, significantly more than what is needed for hydraulic fracturing (fracking) for shale oil.

An environmental group focused on recreation says industrial-scale development of oil shale is harmful to rivers and could require billions gallons of water annually, significantly more than what would be needed for hydraulic fracturing (fracking).

Some of the top energy companies in the country are helping to move the U.S. economy, not through super-human feats but rather as investment heroes, using billions in business spending to create thousands of jobs, according to the Progressive Policy Institute (PPI).

Consumers could save billions on their electric bills if utilities used more long-term contracts, rather than spot market purchases, for natural gas for power generation, according to the American Clean Skies Foundation (ACSF), a nonprofit natural gas advocacy group.

Along with billions of dollars to make over its natural gas pipeline system, Pacific Gas and Electric Co. (PG&E) with 50,000 miles of distribution and transmission pipes is depending on all of its employees to speak up in identifying unsafe equipment, systems and processes, PG&E gas executive Nick Stavropoulos told NGI.

There are billions of dollars worth of assets on the market and “plenty of money” available to Dallas-based Exco Resources Inc. as it pursues several potential acquisitions in the gas market, Exco Resources Inc. CEO Doug Miller said during a conference call with analysts Wednesday.

In a surprising move Monday, Senate Republicans called Democrats’ bluff, voting to proceed with debate on a Democratic bill to repeal billions of dollars of oil and natural gas tax breaks for the major producers.