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The Alabama Trust Fund (ATF) is the wealth fund of the U.S. state of Alabama and was established in 1985 in response to a major offshore natural gas discovery in 1978. The fund is funded by royalty payments that are received each month from oil and gas companies and its assets total around $2.5 billion. [1]
The Deepwater Horizon oil spill began on April 20, 2010 when an explosion struck the rig, it occurred in the Gulf of Mexico on the BP-operated Macondo Prospect.Killing eleven people, it is considered the largest marine oil spill in the history of the petroleum industry and sources estimated that between 134–206 million barrels of oil was released into the gulf.
The American Public Gas Association under a U. S. Department of Energy grant funded a three-well research program in 1980 to produce coalbed methane at Pleasant Grove, Alabama. [5] This program is the first aimed at commercial recovery of gas rather than mine degasification.
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All three parts of the name are subject to change, especially in the case of a producing well. When an oil or gas field is sold, the operator name will change. If a field is unitized for enhanced oil recovery, the well number and lease name will change. Almost three million wells have been drilled for oil and gas in the United States. [2]
Energen Resources Corporation was a subsidiary of Energen, formerly an oil and gas exploration and production company with headquarters in Birmingham, Alabama.The company had approximately 775 million barrels of oil equivalent proved, probable, and possible reserves and another 2.5 billion barrels of oil-equivalent contingent resources.
On Monday, September 12, 2016, a leak in the Colonial Pipeline in Shelby County, Alabama, spilled an estimated 350,000 US gallons of summer-grade gasoline, requiring a partial shutdown of the pipeline, and causing gas shortages in much of the Southeastern United States.