Eureka Resources, LLC, announced Monday May 21, 2012 that it will construct a world-class centralized wastewater treatment facility in Standing Stone Township, Bradford County, Pa., to treat wastewater generated during development of oil and gas wells in the Marcellus and Utica Shale. Read more »

Oil prices fell on Friday May 18, 2012 in tug-of-war trading, posting a 2012 low and a third straight weekly loss as debt problems in Greece and Spain kept concerns about the euro zone economy in focus.

Crude futures felt pressure from news that European officials were working on contingency plans in case Greece exits the euro zone and from a ratings downgrade of 16 Spanish banks by Moody's Investors Service.

Helping push oil lower early was data showing Chinese home prices in April fell for a second month in a row from year-ago levels. Read more »

BHP Billiton's petroleum chief executive left the door open to the possibility of a write-down on the company's U.S. shale gas assets on Monday May 14, 2012, but defended their long-term value.

The company will review its assets at the end of the fiscal year on June 30, BHP chief petroleum executive J Michael Yeager told reporters in a briefing on Monday. Read more »

An Energy Department official heading a new committee charged with coordinating efforts among three federal agencies to research the risks and benefits of unconventional oil and gas production says he believes it can be done safely. Read more »