oil

Biden OKs release of 1 million barrels of oil a day from reserve, calls for supply boost

BY: - April 1, 2022

President Joe Biden called Thursday for U.S. energy companies to do their part in lowering gasoline prices by boosting supplies of oil, saying the industry should plow record profits back into increased production. Biden also said he would release 1 million barrels of oil from the Strategic Petroleum Reserve daily for the next six months […]

Biden declares U.S. ban on Russian oil, warns of gasoline price spikes

BY: and - March 9, 2022

WASHINGTON — The United States will no longer import Russian energy in an attempt to further cripple that nation’s economy as it wages war against Ukraine. President Joe Biden announced the newest sanctions Tuesday from the White House, saying that a ban on Russian oil and gas would target “the main artery of Russia’s economy.” […]

Expansion in Gulf of Mexico drilling splits U.S. House panel along party lines

BY: - January 24, 2022

As the Biden administration’s move to scrap new oil and gas leases remains in unsettled legal territory, Democrats and Republicans on a U.S. House panel sharply disagreed about the merits of new energy development in the Gulf of Mexico. Democrats on the House Natural Resources Energy and Mineral Resources Subcommittee, including Chairman Alan Lowenthal of […]

Search for contractors continues Ohio’s orphan oil and gas plugging efforts

BY: - January 3, 2020

The Ohio Department of Natural Resources is starting a new phase of a process to address idle and orphan oil and gas wells. As part of the Orphan Well Program, the state is looking for contractors to plug about 200 wells in the next year all over the state, with millions in legislature-approved funding ready […]

Ohio sets new quarterly records for oil and natural gas production

BY: - December 27, 2019

During the third quarter of 2019, Ohio’s horizontal shale wells produced more than 7.2 million barrels of oil and 674 billion cubic feet of natural gas, both new state records for quarterly oil and natural gas production since quarterly reporting began in 2013. The figures released in December by the Ohio Department of Natural Resources […]