oil & gas attorney who can get monies due from big oil companies in texas

What is the price of oil today?

Futures OverviewEnergyLastChgCrude Oil Continuous Contract$115.007.33Brent Crude Oil Continuous Contract$118.05-0.06Natural Gas Continuous Contract$4.9320.196RBOB Gasoline Continuous Contract$3.51500.23061 more row

Where is the US buying oil from?

RussiaThe US imports crude oil and petroleum from Russia, but it's not a major source. More than half of U.S. oil and petroleum imports come from Canada.23 hours ago

Where does oil come from?

We call crude oil and petroleum fossil fuels because they are mixtures of hydrocarbons that formed from the remains of animals and plants (diatoms) that lived millions of years ago in a marine environment before the existence of dinosaurs.Jul 26, 2021

What is oil made of?

Oil is defined as a fossil fuel that's made from carbon and hydrogen. It takes a very long time and very specific circumstances for oil to form, and most of the oil that we use today started forming millions of years ago.

Where does Hawaii get its oil?

But Hawaii is an anomaly among U.S. states. It imports several million barrels of Russian crude oil annually, accounting for 10% to 25% of Russian crude shipments to the U.S. depending on the year.2 days ago

How much does Russia make from oil?

The biggest unknown now is what happens to Russian exports, especially oil and natural gas. The country earned about $63 billion from international oil and gas sales in the third quarter of 2021, the last period for which Bank of Russia figures are available.2 days ago

How much oil is in the earth?

There are 1.65 trillion barrels of proven oil reserves in the world as of 2016. The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).

Who discovered crude oil?

In 1859, at Titusville, Penn., Col. Edwin Drake drilled the first successful well through rock and produced crude oil. What some called "Drake's Folly" was the birth of the modern petroleum industry. He sold his "black gold" for $20 a barrel.

How was oil made in the earth?

Crude oil is formed from the remains of dead organisms (diatoms) such as algae and zooplankton that existed millions of years ago in a marine environment. These organisms were the dominant forms of life on earth at the time. FYI: Dinosaurs weren't around at this stage.Nov 15, 2019

How did dinosaurs become oil?

Over time the remains became covered by layers upon layers of sand and silt. As the depth of the sediment reached or exceeded 10,000 feet, pressure and heat changed the remaining compounds into the hydrocarbons and other organic compounds that form crude oil and natural gas.Feb 12, 2021

Where is crude oil found?

Petroleum—or crude oil—is a fossil fuel that is found in large quantities beneath the Earth's surface and is often used as a fuel or raw material in the chemical industry. It is a smelly, yellow-to-black liquid and is usually found in underground areas called reservoirs.

Does the Earth need oil?

An oil-devouring economy has not been good for the planet. The so-called greenhouse gases — mainly water vapor and carbon dioxide — make the planet warm and habitable by trapping solar heat as it radiates back off the Earth. When humans burn hydrocarbons, or fossil fuels, the carbon reacts with oxygen.May 31, 1999

U.S. Oil Rigs See Sharpest One-Week Decline In Over A Year

The number of oil and gas rigs in the United States fell by 11 this week, according to Baker Hughes—after rising by 5 last week. The total rig count is…

Iran Wants To Boost Oil Exports, Nuclear Deal Or Not

Iran plans to ramp up its crude oil exports even though negotiations with the United States on its nuclear deal are currently paused. "Good things will happen regarding Iran's oil…

Louisiana Refineries Could Take Weeks To Restart After Hurricane Ida

The refineries in Louisiana that were shut ahead of or during the passing of Hurricane Ida this weekend could take weeks to restart as power and water services have yet…

U.S. Shale Ramps Up Drilling But Maintains Spending Restraint

U.S. oil production has ticked up in recent weeks as shale producers drill more wells after going through a massive backlog of drilled but uncompleted wells (DUC).

Finding A Real Solution To Louisiana's Energy Crisis

You may have seen the recent YouTube video of Entergy crews installing a new high voltage transmission tower near New Orleans. The new tower was supposed to withstand…

UK North Sea Investment Crashes To 50-Year Low

Due to the pandemic-driven collapse in oil prices, capital investment in the UK North Sea plunged by one-third in 2020 to the lowest level since 1973, offshore industry body OGUK…

Major Crude Draw Sends Oil Higher On First Trading Day Of The Month

Crude oil prices moved higher today after the Energy Information Administration reported inventories had shed 7.2 million barrels in the week to August 27. This

What does "oil" mean?

Definition of oil (Entry 2 of 2) transitive verb. : to smear, rub over, furnish, or lubricate with oil. intransitive verb. : to take on fuel oil. oil the hand or oil the palm. : bribe, tip.

What is oil in science?

(Entry 1 of 2) 1 a : any of numerous unctuous combustible substances that are liquid or can be liquefied easily on warming, are soluble in ether but not in water, and leave a greasy stain on paper or cloth. b (1) : petroleum. (2) : the petroleum industry.

What is oil used for?

(Entry 1 of 2) : a thick, black liquid that comes from the ground and that is used in making various products (such as gasoline) : a type of oil that is used as a fuel to produce heat or light.

What is greasy oil?

1 : any of numerous greasy usually liquid substances from plant, animal, or mineral sources that do not dissolve in water and are used especially as lubricants, fuels, and food. 2 : petroleum. 3 : paint made of pigments and oil. 4 : a painting done in oils.

How to lubricate a chain?

A little bit of oil will help lubricate the chain. Add a little oil to the pan and stir-fry the onions. The dressing is made with oil, vinegar, and a pinch of herbs. Verb He oiled the bearings of the machine. if you oil the machinery on a regular basis, it will operate more efficiently. See More.

What is oil in science?

oil. (oil) 1. Any of a large class of liquid or easily melted substances that are typically very slippery and greasy. Oils are flammable, do not mix with water, and include animal and vegetable fats as well as substances of mineral or synthetic origin.

What is a lubricant?

1. Any of numerous mineral, vegetable, or synthetic substances or animal or vegetable fats that are generally slippery, combustible, viscous, liquid or liquefiable at room temperatures, soluble in various organic solvents such as ether but not in water, and used in a great variety of products, especially lubricants and fuels. 2.

Where do essential oils come from?

They are usually flammable, insoluble in water, soluble in organic solvents, and are obtained from plants and animals, from mineral deposits, and by synthesis. They are used as lubricants, fuels, perfumes, foodstuffs, and raw materials for chemicals. See also essential oil, fixed oil. 2.

What is oil in a car?

a usually thick liquid that will not mix with water, obtained from plants, animals and minerals. olive oil; whale oil; vegetable oil; cooking oil; He put some oil on the hinges of the door; The car's engine is in need of oil.

What is the meaning of "paraffin"?

5. (Elements & Compounds) a. paraffin, esp when used as a domestic fuel. b. ( as modifier ): an oil lamp; an oil stove. 6. any substance of a consistency resembling that of oil: oil of vitriol. 7. (Art Terms) the solvent, usually linseed oil, with which pigments are mixed to make artists' paints. 8.

What is the oil pollution act?

The Oil Pollution Act of 1990 deals with pollution of waterways by crude oil and is intended to avoid oil spills from vessels and facilities by enforcing removal of spilled oil and assigning liability for the cost of cleanup and damage, requires specific operating procedure. The Act also defines responsible parties and financial liability; implements processes for measuring damages; specifies damages for which violators are liable; and establishes a fund for damages, cleanup, and removal costs. The Act specifically deals with crude oil vessels and onshore and offshore facilities and imposes strict liability for oil spills on their owners and operators.

What is the purpose of OPA 90?

OPA ‘90 is a legislative statute that (in part) requires the Responsible Party (RP) to remediate the spilled oil and compensate those economically injured for identifiable losses, and it further requires that “trustees” ∗∗∗ for natural resources ensure that injuries to natural resources are identified and damages compensated. Specifically, Section 1066 D.1 of the OPA states:

How long does it take for oil to recover from a spill?

The initial impact of a spill can vary from minimal to the death of nearly everything in a particular biological community, and recovery times can vary from less than one year to more than 30 years.

Where do PAHs come from?

PAHs can have several origins. They are present in crude oil as mentioned above, smoke from grass or forest fires (a very important source; see Fig. 19.5 ), exhaust fumes of internal combustion and diesel engines, and in coke plants [33]. Sometimes, it is important to know the origin of hydrocarbon.

What is the impact of oil spills on the environment?

Oil spill environmental sensitivity and risk assessment mapping is to assess the susceptibility of the coastal resources and aid effective decision-making in minimizing the long-term effect.

How does oil pollution affect the environment?

Oil pollution is one of the most disastrous damages to the environment and can cause both short- and long-term side effects to the local ecosystems. Almost every phase of the petroleum exploration and production produces toxic wastes of varying chemical compositions (Table 1 ); principal sources of oil pollution include improper disposal of drilling muds, shipping and terrestrial traffic accidents, tank washing and oil ballast discharges, depot leakage, and failure or rupture in oil pipelines. An oil well typically produces a mixture of oil, gas, and water, and after separating out the oil much of the wastewater (known as formation water or produced water) is deliberately discharged untreated into the local environment. Produced water may contain approximately 8–10% oil as well as other chemical additives such as organic solvents, lead, chromium, nickel, zinc, cadmium, mercury, arsenic, cyanide, and barium. Although the water discharged generally contains low concentrations of oil, its large volume, together with occasional oil spillage, can have long-term effects, depending partly on the ecological setting in which the discharge is made. Another major source of waste is drilling, which produces large amounts of mud and dry cuttings. The muds and cuttings, which may contain chemical additives, salts, metals, and hydrocarbons, are often dumped indiscriminately into waterways, drainage channels, or agricultural soils.

Is oil pollution a threat to the marine environment?

Oil pollution is an ever present threat in the marine environment with large numbers of spills, both large and small, being recorded every year (European Environment Agency, 2006 ). When spills impact on the coast, there is major public and political concern, and pressure for cleanup to occur. If salt marshes are oiled, should there be active rehabilitation or should natural recovery be allowed to take its course? A number of major oil spills have affected salt marshes in different parts of the world, and a review of impacts and treatment methods is provided by Baker et al. (1994). The recent review by Duke (2016), although focused on mangroves, has much that is equally relevant to salt marsh.