Century Dictionary and Cyclopedia
- n. The trade-name of a certain grade of naphtha.
- n. A trade-name of mineral oil produced by the destructive distillation of bituminous shale, chiefly in the south of Scotland. It consists mainly of hydrocarbons of the paraffin, olefine, and crotonylen series, and yields as the principal commercial products illuminating- and lubricating-oils and solid paraffin wax for candles.
“Even before Middle East turmoil boosted oil prices, revenues and profits were surging for Carbo, which dominates the market for ceramic proppant, used in shale-oil and gas production.”
“In recent months KNOC has done a series of deals, getting a 95% stake in a Kazakhstan company that owns four oil blocks for $515 million and Canadian assets of Hunt Oil for 525 million Canadian dollars, and soon completing the purchase of a 24% stake in a shale-oil field in Texas for $1.55 billion.”
“Union Pacific Corp.'s fourth-quarter earnings rose 24%, as the railroad benefited from price increases and a booming business hauling materials to and from new shale-oil drilling sites.”
“Shipments related to the shale-oil sector accounted for as much as half of the gain.”
“API said in a statement: "DOE's recommendations should be informed by an understanding, first, that shale-oil and gas development is already well regulated and safe, and, second, that it could create hundreds of thousands of new jobs, generate billions of dollars in additional revenue for our government and enhance our energy security.”
“In January, it agreed to buy several shale-oil and gas leases in the U.S. owned by Chesapeake Energy Corp. for US$570 million in cash, the latest move by a Chinese oil company to learn an extraction technology that is revolutionizing the U.S. gas industry.”
“HOUSTON—The U.S. shale-oil and natural-gas boom has cracked open another lucrative market—gas liquids used to make plastics.”
“Of all the companies seeking to develop potential oil and gas reserves in France, representing a total of 64 permits, only Total and Schuepbach maintained their will to use fracking, while Toreador Resources Corp., which is seeking to explore and develop shale-oil fields in France, committed not to use fracking.”
“A report issued in April following a government request said French shale-oil and -gas fields are potentially some of the most promising in Europe and banning exploration before the reserves are assessed could be detrimental to France's economy and labor market.”
“BUENOS AIRES—Argentina's largest oil-and-gas company, YPF SA, announced a major shale-oil find Tuesday, totalling 150 million barrels of crude oil equivalent in potential reserves.”
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