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 Oklahoma City-based oil and natural gas company announced early Tuesday morning Fieldwood Energy will pay $750 million in cash and assume $370 million in abandonment liabilities for its Gulf and coastal properties.
A rig hand on a Triad Energy horizontal drilling operation near Alva, Okla. Company CEO Mike McDonald says he likely wouldn't have drilled the well with out a tax break Oklahoma's House Speaker has proposed making permanent.
Oklahoma House Speaker T.W. Shannon will author legislation to make permanent an oil and gas industry tax break for horizontal drilling.
The incentive lowers gross production taxes from 7 percent to 1 percent for the first 48 months of production, and was installed in the ’90s to encourage the then-experimental type of drilling. Now days, most oil and gas wells in Oklahoma are horizontally drilled, and critics say the incentives are unnecessary.
A series of explosive train accidents has renewed concern about the safety of transporting crude oil by rail, especially the type of crude extracted from the Northern Plains.
The most recent accident was the the fiery crash that occurred on Dec. 30 in North Dakota. No one was injured, but dramatic fireballs erupted when the train with more than 100 cars collided with another train carrying grain in the small town of Casselton.
For the past three decades, Oklahoma averaged about 50 earthquakes a year. But that number has skyrocketed in the past few years. In 2013 — the state's most seismically active year ever — there were almost 3,000.
The quakes are small, and they're concentrated in the central part of the state, where the Erwins live.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish. Toyota, Honda, Hyundai recently announced that they're planning to build hydrogen-powered cars in the next few years. These cars could rival all electric and plug-ins as cleaner alternatives to gasoline-powered cars. NPR's Richard Harris took a drive in a hydrogen car to learn about the advantages and drawbacks of the technology.
This is MORNING EDITION from NPR News. Good morning, I'm Renee Montagne.
Investigators with the National Transportation Safety Board are in the small town of Casselton, North Dakota, trying to learn what caused a fiery train crash. It's the latest in a series of accidents involving trains hauling crude oil. By far the most destruction happened last summer in Canada, where the center of a town in Quebec was destroyed, leaving 47 people dead.
At the American Physical Society's fluid dynamics conference this winter, there was a healthy infusion of biology. In between talks on propellers and plane wings, there were presentations about flying snakes, fire ants, humpback whales and hummingbirds. Physicists from all over the world are turning to the natural world to help them solve engineering problems.