 search
Latest financial news
Kern oil field breaking
news
Search
recent articles from the Bakersfield Califorian Oil News;
Search
Business wire news service for oil & gas related stories.
Search
articles "Find articles"
Search
Business stories in Kern Co. area
Project Power http://www.projectpower.tv
latimes.com
Comprehensive Crisis archive
CNN
Energy News
Stories of note:
Read
Drill-sidetrack
Headlines and Stories
powered by Energy Source
Aera goes deep with new well
The Bakersfield-based oil
company and its partners started drilling a deep gas
exploration well in a job
that is expected to last seven months and reach a total
depth of 20,000 feet.
The company's exploration
in the Lost Hills area of northern Kern County is the
latest venture that hopes
to confirm that a deep reservoir of gas in the area can
be tapped at that depth,
which is far deeper than most wells in the county.
read,
Aera goes deep in Kern County
Some like it HOT
They don't get the attention
of "Old Faithful" at Yellowstone National Park.
Even so, more than 100 wells,
closer to Death Valley than any major city,
produce copious amounts
of steam. You just have to drill into the ground to get it.
Steam
energy
Enhanced Recovery Methods
The idea in fracturing is to create better
conductivity for the oil and gas to flow through to the well,” ... “If
the rock is too soft it will close back in on itself so it is best applied
to hard, low-permeability rock. You are trying to create enough of a contrast
in permeability between the reservoir and the developed fracture. That
gives the oil and gas a channel to flow through to the well.” full
story
Scraping the bottom of the oil well
full
story
Well known oil columnist Bill
Rintoul dies; he was
famous for his knowledge of the oil industry.
full
story
Previous
article about Bill Rintoul
California's Gov. Gray Davis in west
Kern County today; June 27, 2001. He opens the state's newest power plant.
(The 320-megawatt Sunrise Power Project,
Edison Mission Energy)
full
story
more
Also > Edison, Texaco team up on
Sunrise California power plant.
Californians
hold little hope for solution from
Bush
meeting with governor
The cost of buying power
for California is expected to reach at least $50 billion this year, up
from $7 billion two years ago.
US
drilling activity increased this week May 25, Houston TX
There were 1,262 rotary rigs drilling
in the US and its territorial waters this week, said officials at Baker
Hughes Inc. That's 37 more than the previous week and up sharply from 864
a year ago.
EOG
to drill new wells
EOG Resources plans to drill 127 wells
in an emerging Kern County oil
field near Wasco, CA ...
Crude
oil and natural gas prices
The average well price of natural gas
nearly quadrupled across the
country last year, going from $2.12 per
thousand cubic feet in January
2000 to $8.06 a year later, according
to the Energy Department. The
price now stands at about $5.15. By comparison,
the average price for U.S. crude oil has changed little over the last year
and a half.
President
Bush's Energy Plan
Natural Gas Prices in Houston Lose Their
Bite
http://hoovnews.hoovers.com
PUC Allegations Detailed
In her testimony before a state Senate
committee, PUC President Loretta Lynch said the companies' behavior helped
drain so much electricity from the state's grid that officials were forced
to declare emergency alerts.
full
story
PUC Chief Alleges Price Collusion
Lynch said her agency, working with
the state attorney general's office, is probing patterns of plant outages
that have created "artificial shortages," particularly when the state has
issued emergency alerts because of seriously low levels of electricity.
full
story
Oil and gas producer Kerr-McGee Corp.
plans
to acquire HS Resources Inc. for
about $1.25 billion in cash and stock in a deal that would greatly expand
its reserves of natural gas.
full
story
the Street.com Bush Energy Plan: Drilling
for Investment Opportunities By Christopher Edmonds
full
story
Smarter Money: Energy Companies Aren't
the Enemy
By James J. Cramer
full
story
Westcoast Energy Sells Two Power Plants
to Calpine.
full
story
Listen Closely: Natural Gas Supplies
Are Telling You Something
full
story
Brentwood Drilling Deepest Gas Well
in Northern CA
full
story
President Bush
Suggesting a combination of "good conservation"
and increased energy supplies, he particularly cited the need to increase
refining capacity. "And that may require us to analyze all regulations
that discourage development," he said.
full
story
Study: California Gas Prices Inflated
Natural gas suppliers were able to corner
enough of the pipeline capacity into California to drive up prices artificially,
an Assembly subcommittee has concluded ...
full
story
Natural gas giant responds - says state
subcommittee report is flawed.
El Paso Corp. officials called the Energy
Oversight Subcommittee's April hearings "a sham,"
full
story
May 13, 2001
Phil Ryall: California legislation
seeks to help Kern oil producers.
full
story
California officials offer extraordinary
ways to deal with power crisis.
The state should seize generators'
power plants and operate them itself this summer.
"...The state spent a record or near record
$1,900 a megawatt hour for
electricity Wednesday as state grid operators
narrowly avoided a third consecutive day of blackouts. That cost the state
$319,200 to buy enough power to keep electricity flowing to 168,000 homes
for an hour...."
full
story
May 10, 2001
Pale Rider well No. 3-26
A new natural gas well involving Questar
Corp. (NYSE: STR) and several small cap oil and gas companies may soon
be sending 5-6 million cubic feet of natural gas per day to the energy
starved California market.
The Pale Rider No. 3-26, a wildcat well
in the Travis project area near Denverton Creek field (Sacramento Basin),
Solano County, CA, is expected to start producing gas as soon as a one-mile
pipeline is completed.
full
story
"In the Ground" - Natural
Gas Woes
by Don Whiteley
full
story
April 2001
Deep gas plays could help deflate high
prices
full
story
April 29, 2001
More natural gas, oil exploration is
needed
By: Phil Ryall full
story
April 11, 2001
Power plant fuels business (La
Paloma)
Kern County is by far the state's biggest
oil producer with the oil industry
dating to 1866 in McKittrick, the year
a small refinery was erected there.
On the electricity front, there are at
least seven new power plants on the
drawing boards for Kern County. Four other
electrical power plants
already have been approved for Kern with
construction budgets totaling
more than $1.2 billion. Combined, they
are designed to light the equivalent of 2 million homes. full
story
April 2001
PGE Utility says it will not lighten
up
While Pacific Gas & Electric Co. enjoys
creditor protection in bankruptcy
court, that status hasn't stopped the
utility from clamping down on folks
who fall behind on their bills. full
story
April 2001
Assembly approves bill to shorten approval
of new power plants.
full
story
April 2001
Hilton
Petroleum Ltd., operator of the Mica prospect,
announced this week that after logging
the Mica1-17,
it has been determined that the well is
outside
the channel limits. The well has been
suspended for
possible future sidetracking.
March 2001
Energy crisis takes toll on oil industry.
The power crisis in California is having
a big impact
on the industries that may be able to
help. Many
oil and gas industries have to stop producing
electricity and trim oil production because
it's too expensive
By Gaylen Young full
story
Feb 2001
Kern County business leaders discuss
challenges, growth and energy crisis full
story
March 2001
Experts may have found a solution to
California's energy problems full
story
March 2001
World's largest oil rig sinks
Feb. 2001
Special feature CNN California
Power Crisis
Jan. 23, 2001
Kern County builds
possible solution to
California's growing
power
crunch
Oct. 10/22/2000
Looking
for "new oil" a pricey venture
Oct. 10/17/2000
Chevron,
Texaco give U.S. East Coast top heating oil priority
Washington, Oct.
16 (Bloomberg) — Chevron Corp. and Texaco Inc., which have agreed to a
$45.4 billion union, will make supplying the East Coast with heating oil
this winter "a top priority," said U.S. Energy Secretary Bill Richardson.
Chevron-Texaco
merger may hinge on unwinding Shell venture
Washington, Oct.
16 (Bloomberg) — U.S. antitrust enforcers will likely require Texaco Inc.
to sell its 44 percent share of a joint-refining marketing venture with
Shell Oil Co. before clearing its $45.6 billion takeover by Chevron Corp.,
legal and industry experts said.
Local
Equilon refinery may change hands
Energy
digest
NEW YORK (Dow Jones
News) — Crude oil futures were battered Monday by easing fears that violence
in the Middle East could disrupt the region's oil exports, analysts said,
with an emergency summit between Palestinian and Israeli leaders raising
hopes of a cease-fire.
Oil
companies' deal hits close to home
Historic
Kern River Field may be drilled solely by merged company
Chevron
clinches $34 billion deal for Texaco, though hurdles remain
SAN
FRANCISCO (AP) — Chevron Corp.'s proposed $34 billion purchase of Texaco
Inc. will create the world's fourth-largest publicly traded oil company,
though not before the combined entity makes a number of significant divestitures
in order to satisfy regulatory concerns.
Oct. 10/16/2000
Westminster
Shareholders Approve Sale of Canadian Assets
to
AEC Oil & Gas
Oct. 10/15/2000
Chevron
buying Texaco
Big
Oil abc news
Oct. 10/14/2000
California
gas discovery a real blast
Oct. 10/13/2000
Crude
oil soars as Middle East
violence
raises supply concern
Oct.10/12/2000
Oil
prices rise after violent outbreak in middle esat
Oil
jumps as U.S. stockpiles fall
Oct.10/4/2000
The
winners are! more
more
news
 cnn
news search:
Kern Oil
 bakersfield.com
Oil
News
 Area
History
of Ekho project
Berkley
Petroleum High
stakes in East Lost Hills
Kern
Life 2000 Business & Commerce http://www.bakersfield.com/2000/kernlife/business.htm
Oil
& Gas Facts http://www.bakersfield.com/2000/kernlife/oil-gas.htm
Timeline
History of Kern County
http://www.bakersfield.com/2000/kernlife/historyofkern.htm
Note: 1899:
The Kern River oil field, later to become one of the top producing fields
in the nation, was developed seven miles northeast of the city. And
in 2000: Skyrocketing oil prices drove the price of
Kern River Crude to $26.50 per barrel on March 7, 2000 the highest peacetime
price (and second highest ever) since deregulation.
|
|
A History
100 years of Oil in Kern County
First reports of oil greeted with skepticism
a news article from,
May 1899 |
 |
|
Oil museums
preserve area history
|
|
 Oil
and Gas news and development related sites with news media highlights of
possibly the largest find of natural gas and oil in North America in the
heart, of Kern California.
Oil
exhibit at the Kern County
Museum
more Exciting additions coming to oil
exhibit
article:
Looking for oil and gas
San
Joaquin Geological Society site
|
