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Oil depletion is the decline in oil production of a well, oil field, or geographic area. [1] The Hubbert peak theory makes predictions of production rates based on prior discovery rates and anticipated production rates. Hubbert curves predict that the production curves of non-renewing resources approximate a bell curve.
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector oil and gas company, headquartered in Mumbai. It is India's second-largest government-owned downstream oil producer , whose operations are overseen by the Ministry of Petroleum and Natural Gas .
The price of benchmark U.S. crude oil, called West Texas Intermediate, has tumbled to about $70 a barrel from $120 in June 2022, shortly after Russia’s invasion of Ukraine.
Occidental Petroleum (NYSE: OXY) is one of the country's largest oil and gas producers. It recently increased its exposure to the oil market by acquiring CrownRock in a $12 billion deal. That ...
In August 2010, the Texas Attorney General charged BP with illegally emitting harmful air pollutants from its Texas City refinery for more than a month. BP has admitted that malfunctioning equipment led to the release of over 530,000 pounds (240,000 kg) of chemicals into the air of Texas City and surrounding areas from 6 April to 16 May 2010.
(The Center Square) – According to a new analysis of federal and state data, “direct oil and natural gas industry Gross Regional Product, essentially GDP for a region of study, exceeded $60 ...
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The area was originally titled "Mesquite Flat" when the town applied for its own post office. [3] The application was rejected, and resubmitted as "Flat". The post office was successfully opened in 1897; [3] its ZIP code is 76526. [4] In 1914, Flat had a thriving population of 100, with three general stores and a cotton gin. By the mid-1920s ...