News bites: Oil boom brings new neighbors, Iran seeks an oil comeback, and more
A Wall Street Journal analysis shows that Americans are increasingly living next to oil-and-gas wells, a result of the drilling boom enabled by hydraulic fracturing.
“At least 15.3 million Americans lived within a mile of a well that has been drilled since 2000,” the paper reports.
The Washington Post reports that Iran’s oil industry, wounded badly by sanctions, is trying to stage a comeback.
Bloomberg reports that electric automaker Tesla Motors received some good news.
Reuters reports that oilfield services companies like Halliburton are banking on a Saudi Arabian drilling boom to “revive profits that are being squeezed by overcapacity in the North American market.”
The Houston Chronicle chats with Halliburton’s technology chief.
Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed..