Has the oil price bubble burst amid retreat in crude
Washington AP reports oil futures have fallen about 11 percent from a peak to around 43. Analysts say the rally was driven by fear and profit taking rather than a supply crisis. A calmer outlook follows stalled fears over Yukos, Venezuela politics, and Iraqi oil disruptions, with prices likely to ease further as market mood shifts.
MENTIONED IN THIS ARTICLE
Washington
William Fever
W.H. Reaves
New Jersey
Najaf
Iraq
Yukos
Venezuela
Parallel LP eyes $12 million Fullerton assets purchase
Parallel LP says it exercised a preferential right to buy from Chevron USA Inc additional working and net revenue interests in the Fullerton field in Andrews County. If completed, price around 12 million. Parallel acquired Fullerton assets in 2002 for 46 million. about 46 percent of second quarter production came from Fullerton. Halliburton fraud suit settlement under review as judge weighs broader claims.
MENTIONED IN THIS ARTICLE
Parallel LP
Chevron USA Inc
Fullerton
Andrews County
Parallel Petroleum Corp
Midland
Parallel First
Parallel
NMOGA chief blasts regulators over permitting and land use
NMOGA president Bob Gallagher told NGPA members that regulation and permitting slow drilling in New Mexico. He cited federal land ownership near 60 percent of minerals, criticism of BLM staff, and praised a Carlsbad Roswell office consolidation to speed approvals. He contrasted environmental concerns with industry progress and cited Ted Turner allowing more wells on his ranch.
MENTIONED IN THIS ARTICLE
Permian
New Mexico
Bob Gallagher
New Mexico Oil and Gas Association
Natural Gas Producers Association
Gallagher
NGPA
Ted Turner
Bureau of Land Management
Carlsbad
BLM
Roswell
Otero Mesa
Oil Conservation Division
New Mexico Energy, Minerals and Natural Resources Department
Bill Richardson
New
Haynes
Gold fever and Olympics drive bids and costs across eras
Athletes seek Olympic glory amid rising costs and profits from Los Angeles 1984 onward. Athens 2004 costs soar with Greece bearing much of the burden despite NBCs 800 million in rights. Beijings 2008 price tag tops 33 billion as bidders chase global spotlight and local benefits.
MENTIONED IN THIS ARTICLE
Dem der Hills
Los Angeles
Athens
NBC
United States
Beijing
Also Mentioned on This Page
Basra
OIL and Gas Briers
Halliburton
Dallas
Halliburton Co
NMOGA
Odessa
Toby Stevenson
Perryman
M. Ray
Culberson
Jeff Davis
Presidio
Loving
Winkler
Reeves
Brewster
Andrews
Martin
Ector
Pecos
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