JUNEAU, Alaska (AP) — Gov. Sean Parnell’s plan to overhaul Alaska’s oil tax structure is a positive step toward improving the state’s business climate but there’s room for improvement, one of the ...

Meanwhile, Trump, who supports a rapid expansion of oil production, attacked Harris for policy proposals that he said would decimate America’s fossil fuel business: “If she won the election, the day ...

A knee-high pipe sticking out of the ground not far from a school. A gurgle in a pond on rolling farmland. A patch of forest undergrowth hiding a long-forgotten, leaking oil well. Relics like these ...

A common problem with oil wells is that they can run dry even when sound-based measurements say there's still oil there. A team from Penn State University used Pittsburgh Supercomputing Center's ...

Exxon Mobil Corporation reported a mixed Q4 with a trend downward due to slumping energy prices and excess production capacity. The company reported a decline in revenues and plans to ramp up ...

Oil wells often dry up far earlier than predicted, leaving companies baffled about the “missing” reserves. A Penn State team tackled this puzzle by harnessing PSC’s Bridges-2 supercomputer, adding a ...

Dan Arthur, the president and chief engineer of ALL Consulting, stands beside a defunct oil well in the Tallgrass Prairie Preserve in Oklahoma on March 20, 2024. The well has not been used for years — ...