oil and gas

The prolific shale formation that has made people rich in South Texas doesn't stop at the Rio Grande, as U.S. maps seem to indicate.

"The geology doesn't change when you cross that little 20-foot-deep river," says Brandon Seale, president of San Antonio-based Howard Energy Mexico. "What goes on 10,000 feet under the river is the exact same."

Ann Marie Awad

Senator Mary Landrieu says a lawsuit against oil and gas companies is not the answer to renewing Louisiana’s gulf coast.

Thanks to fracking, there is an abundance of natural gas at about a quarter of the European price. This influx of business may be good for the U.S., but it's cause for concern for European leaders.

As oil production goes, Florida isn't much of a player. The state produced less than 2 million barrels last year, which is how much oil Texas pumps from its wells each day.

That's about to change as the revolution in oil drilling technology comes to Florida.

There's been a surge in earthquakes in the U.S. over the last few years. In Texas, there are 10 times the number of earthquakes now than just a few years ago.

Scientists say it's likely linked to the boom in oil and gas activity, meaning that people who never felt the ground shake are starting to.

Here's how Pat Jones of Snyder, Texas, describes the earthquake that struck her town in 2010: "It just sounded like some car hit the back of our house. We got up and checked around and we didn't see anything or hear anything else."

When oil supplies ran short and gasoline prices spiked four decades ago, angry drivers demanded relief. Congress responded in 1975 by banning most exports of U.S. crude oil.

Today, domestic oil production is booming, prompting U.S. energy companies to call for a resumption of exporting. Many economists agree.

But would that bring back the bad old days of shortages? Would you end up paying more at the pump?

Cold weather this week has boosted demand for heating fuels across the country. Natural gas prices are up, especially in the Northeast. At one point prices for natural gas into New York City jumped nearly tenfold from an average winter price of $5.68 per million BTU to $55.49, according to Bentek Energy, an analytics company.

The big energy story of 2013 was a boom in domestic oil production, especially in North Dakota. NPR's Arun Rath talks with national correspondent Jeff Brady, who saw the boom firsthand during a recent reporting trip to the state.

Pete Souza

President Barack Obama touched on the oil and gas industry in his State of the Union. Some of these initiatives may benefit Louisiana’s economy.

First, the President suggested loosening regulation. “My administration will keep cutting red tape and speeding up new oil and gas permits,” Obama said. “That’s got to be a part of an all-of-the-above plan.” 


Gas-to-Liquid Plant to be First in U.S.

Dec 3, 2012

Johannesburg-based Sasol plans to invest up to $21 billion in a gas-to-liquids facility in Westlake.