A unit of Halliburton Co. on Thursday agreed to plead guilty to one misdemeanor count of destroying evidence in connection with the April 2010 Macondo well blowout in the deepwater Gulf of Mexico, the U.S. Department of Justice (DOJ) said. The settlement is subject to district court approval.
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36,000 Shale Wells and Counting
There are roughly 36,000 shale wells in the five major shale basins in the United States that have produced nearly 23 Tcf of natural gas and 682 million barrels of oil and condensate, according to a tally gleaned from state regulatory records by Powell Shale Digest, a weekly newsletter specializing in North American shale news and research.
Supreme Court Overturns Andersen Conviction in Enron Case
The Supreme Court on Tuesday unanimously overturned the conviction of former Big Five accounting firm Arthur Andersen LLP for its part in destroying Enron Corp.-related documents because of what the court said were flawed jury instructions.
Free Enterprise Activist Warns Environmental Groups Destroying U.S. Energy Base
There is an array of large foundations and trusts with multi-billions of dollars strategizing and funding “lawsuits and lobbying, appeals, alliances and agitation” to stop oil and natural gas development, thereby undermining the energy base of the United States, author and activist Ron Arnold told members of the Independent Petroleum Association of America (IPAA) last week.
Free Enterprise Activist Warns Environmental Groups Destroying U.S. Energy Base
There is an array of large foundations and trusts with multi-billions of dollars strategizing and funding “lawsuits and lobbying, appeals, alliances and agitation” to stop oil and natural gas development, thereby, undermining the energy base of the United States, author and activist Ron Arnold told members of the Independent Petroleum Association of America (IPAA) last week.