Top News & Analysis Wyoming

  • Houston oilfield services company Baker Hughes Inc. said Friday that 418 rigs sought oil and 92 explored for natural gas this week. Among major oil- and gas-producing states, Texas and Oklahoma each gained two rigs and Alaska, California, North Dakota and Pennsylvania each was up one. Arkansas, Colorado, Kansas, Ohio, Utah and Wyoming were unchanged.

  • BILLINGS, Mont.— Montana regulators on Thursday turned back an effort by environmentalists, health advocates and some landowners who sought to force energy companies to divulge more information about fracking chemicals used to produce oil and gas. The Montana Oil and Gas Conservation Board voted unanimously against a petition that would have made...

  • Sept 21- ExxonMobil Corp. has agreed to pay $12 million to Montana and the U.S. government to restore natural resources damaged or destroyed by a pipeline rupture in 2011 that spilled oil into the Yellowstone River, according to a settlement proposed on Wednesday. ExxonMobil Pipeline Company's Silvertip pipeline burst July 1, 2011 at a crossing beneath the...

  • WASHINGTON— The Federal Reserve is keeping its key interest rate unchanged but signaling that it will likely raise rates before year's end. For the first time in nearly two years and for the first time since Janet Yellen became Fed chair in February 2015, there were three dissents to the Fed's statement. The three officials are all presidents of regional Fed...

  • SAN FRANCISCO/ NEW YORK, Sept 20- U.S. Federal Reserve policymakers are set this week to again cut their forecasts for how high interest rates will need to go in an economy where output, productivity and inflation are growing at a slower pace than in past decades. It was 3.75 percent in June 2015 and 4.25 percent four years ago.

  • WASHINGTON— Again and again in recent months, the Federal Reserve has signaled that it's edging closer to resuming the interest-rate hikes it began in December. They believed that the Fed, starting with a late-August speech by Chair Janet Yellen in Jackson Hole, Wyoming, was preparing investors for an imminent rate increase. Accordingly, Eric Rosengren,...

  • LOS ANGELES/ WASHINGTON, Sept 19- The 27 states challenging Obama's Clean Power Plan in court say the lower emissions levels it would impose are an undue burden. Already, Arkansas, North Carolina, Oklahoma and South Dakota appear to be meeting the CPP's early targets. Cynthia Coffman, attorney general of Colorado, said her state's likely ability to comply with the...

  • LOS ANGELES/ WASHINGTON, Sept 18- The 27 states challenging Obama's Clean Power Plan in court say the lower emissions levels it would impose are an undue burden. Already, Arkansas, North Carolina, Oklahoma and South Dakota appear to be meeting the CPP's early targets. Cynthia Coffman, attorney general of Colorado, said her state's likely ability to comply with the...

  • Sept 13- U.S. coal miner Arch Coal won court approval on Tuesday for a plan to eliminate $4.7 billion of debt from its balance sheet, the company said, clearing the path to emerge from bankruptcy in early October. Under a reorganization plan confirmed by U.S. Bankruptcy Court in St. Louis on Tuesday, the company's senior lenders will have control of most of the company.

  • Arch had $485.5 million in self-bonds in Wyoming when it filed for bankruptcy protection in January, saddled with $6 billion of debt and a deep slump in the coal sector. Under a reorganization plan set for a confirmation trial in U.S. Bankruptcy Court in St. Louis on Tuesday, Arch must replace all of its self-bonds within 15 days of its bankruptcy exit plan becoming...

  • WASHINGTON/ QUINCY, Mass., Sept 9- U.S. After Boston Federal Reserve President Eric Rosengren spoke on Friday, odds on a rate hike in September rose to 30 percent probability from 24 percent before his comments. After the more dovish Federal Reserve Governor Daniel Tarullo spoke, that had fallen to a 20 percent chance.

  • HOUSTON, Sept 7- A U.S. judge on Wednesday halted a plan to allow fracking on public lands in central California, saying a federal agency's environmental plan should have taken a "hard look" at the potential impact of the process. District Judge Michael Fitzgerald, was at least the second setback in three years for fracking in California and came as the Obama...

  • pumpjack, oil

    EOG Resources said it would buy Yates Petroleum for $2.5 billion, the latest move by a U.S. energy firm to acquire acreage in the Permian Basin.

  • Sept 6- EOG Resources Inc said on Tuesday it would buy privately held Yates Petroleum Corp for $2.5 billion in stock and cash, in the latest move by a U.S. energy company to acquire acreage in the Permian Basin, one of the country's most cost-effective oil fields. EOG's shares rose more than 6 percent to $94.40 early Tuesday afternoon as analysts said the deal was...

  • Oil and gas companies, encouraged by an uptick in oil prices, have been buying up acreage in the Permian Basin in west Texas and eastern New Mexico- the nation's largest shale oil play- as the region is considered among the most cost-effective and most viable to drill. EOG will issue 26.06 million shares valued at $2.3 billion and pay $37 million in cash in exchange...

  • Sept 6- EOG Resources Inc said on Tuesday it would buy privately held Yates Petroleum Corp and some of its subsidiaries and other entities in a deal valued at $2.5 billion to boost its assets in the Permian and Powder River basins. Oil and gas companies, encouraged by an uptick in oil prices, have been buying up acreage in the Permian Basin in west Texas and eastern...

  • Yellow taxi cabs line up outside the Delta Terminal at LaGuardia Airport in Queens, New York.

    Driverless car technology will also be a disaster for the millions of Americans who work as long-haul truckers, bus drivers or cab drivers.

  • *AUD edge off low after slightly better than expected China data. Earlier in the week, the U.S. currency had carved out significant gains against its peers following comments from Federal Reserve Chair Janet Yellen last Friday at a central bankers' gathering in Jackson Hole, Wyoming that revived near-term rate hike prospects. The dollar will not be making much...

  • TOKYO, Sept 1- The dollar wavered against the yen and euro on Thursday, its advance put on hold ahead of the closely-watched U.S. non-farm jobs report on Friday which is expected to shape the market's near-term interest rate expectations. On the week, the U.S. currency has gained about 1.5 percent against the yen following comments from Federal Reserve Chair Janet...

  • Fischer had said on Friday that Fed Chair Janet Yellen's speech at the global central bankers conference in Jackson Hole, Wyoming, was "consistent" with the possibility of a September hike, catapulting the dollar's value. Stock markets were mixed in thin trading, with activity in Brazilian markets especially subdued as traders monitored the Senate...