General

Texas lawmakers have sent a bill to Gov. Rick Perry that would provide $225 million in general revenue funds to help repair and maintain county roads damaged by oil and gas production activity, mainly in the Permian Basin and Eagle Ford Shale regions.

With only one day to go before the Colorado General Assembly is scheduled to adjourn, the energy industry and Gov. John Hickenlooper, a Democrat, have quashed nearly all proposed legislation to revise state oil and gas regulations.

With only one day to go before the Colorado General Assembly is scheduled to adjourn, the energy industry and Gov. John Hickenlooper, a Democrat, have quashed nearly all proposed legislation to revise state oil and gas regulations.

The Pennsylvania Department of Environmental Protection (DEP) announced that it has levied a $125,000 fine against a driller, Pennsylvania General Energy Co. LLC (PGE), for two separate incidents in Lycoming County.

Baker Hughes Inc. on Friday reported a 30% drop in first quarter profits, stung by weak North American drilling, but there is more optimism about the U.S. onshore rig count through the rest of the year, management said Friday. Schlumberger Ltd. also reported a drop in quarterly profits on declines in North America, and executives said the outlook this year for the United States and Canada remains uncertain.

General Electric unit GE Oil & Gas Wednesday said it has been awarded contracts to supply natural gas compression trains for Dominion Cove Point’s liquefaction project in Lusby, MD, which would give the existing import terminal export capability.

General Electric (GE) on Monday said it would pay $3.3 billion to buy Lufkin Industries Inc., a leading provider of artificial lift technologies for the oil and gas industry.

Two key legislators in the Pennsylvania General Assembly introduced a pair of bills on Wednesday designed to make natural gas service available to more consumers in the state.

General Electric (GE) on Wednesday unveiled plans for a $110 million Global Research Center in Oklahoma dedicated to driving innovation and technological advancements in the oil and gas sector, which in turn would allow products to be brought to market faster.