U.S. to have offshore oil, gas sale in August

More than 21 million acres offshore Texas will go on the auction block to energy explorers in an August sale in New Orleans, the U.S. government announced. The U.S. Interior Department and its Bureau...

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U.S. increases oil, gas reserve estimate

Oil reserves in the Bakken and Three Forks formations in the northern U.S. plains are nearly double previous estimates, the U.S. Geological Survey said. The USGS updated its assessment, saying the...

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