Apache, the second-largest gas producer in the United States, says it believes the site could contain as much as 48 trillion cubic feet of recoverable gas.

In an effort to control and reduce those fuel costs, Delta is cutting out the middle man and buying its own refinery , a first for a major airline. The airline (through its subsidiary, Monroe Energy) will buy a refinery in Philadelphia from ConocoPhillips for $150 million and spend another $100 million to make it more jet fuel-specific. I think it’s a great idea and it surprises me no airline has done this in the past.

Seven Houston companies, research centers, and the University of Houston are getting a piece of $35.4 million in research contracts from the U.S. Department of Energy for research into deepwater drilling technology.

Conroe Machine is now hiring: Mechanical Assembler, CNC Lathe Machinist (2nd Shift), QC Inspector, and Manual Machinist.

Oil prices slipped lower Apr. 30 on discouraging US economic data and news that Spain is again in double-dip inflation, but natural gas rose 4.5% in the New York market on forecasts for cooler weather next week.

The industry needs to internalize a robust safety culture to help the US Bureau of Safety and Environmental Enforcement do its job, BSEE Director James A. Watson told delegates Apr. 30 at the Offshore Technology Conference in Houston.

The U.S. Geological Survey has released a new global estimate for potential additions to oil and gas reserves due to reserve growth in discovered fields outside the United States.