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Edinburgh-based Wood Mackenzie said although investment levels were very strong, with only two new finds last year, the drilling success rate was at an all-time low.
BBC: Question mark over oil prospects
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Until the introduction of wet drilling, the death rate from silicosis in the Upper Weardale fluorspar miners was high.
BBC: Kidney disease 'risk from silica'
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At its current rate of drilling it has enough acreage to keep its rigs busy for more than 20 years.
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By issuing shallow water drilling permits at a rate 10 percent that of the same time last year, BOEM has imposed a de facto ban on offshore energy exploration on top of the official deepwater stay that ran from May to November.
FORBES: Regulatory Grinches Threaten Obama's Natural Gas Christmas Wish
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The U.S. Interior Department's royalty rate for deep-water drilling in the Gulf of Mexico is 18.75%--up from 12.5% two years ago.
FORBES: Magazine Article
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Strong demand for offshore drilling helped the firm to boost the utilization rate of its fleet.
FORBES: Quick Take
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Governor John Kasich has proposed using revenues from oil and natural gas drilling to reduce Ohio's income tax rate.
WSJ: Review & Outlook: The State Tax Reformers
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But five weeks after the Deepwater Horizon drilling rig sank, it seems possible that the rate at which oil is going into the ocean, if not the rate at which it is coming out, might be coming under control.
ECONOMIST: Nerves are fraying a month after the Gulf of Mexico oil spill
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The rate was 0.97 for the Gulf drilling unit, over the target of 0.62, say minutes of an August 2009 meeting.
WSJ: As CEO Hayward Remade BP, Safety, Cost Drives Clashed
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Faroe said that its drilling schedule this year so far had produced some "disappointing results" although its success rate remained high.
BBC: Oil company Faroe Petroleum raises expectations
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No matter how much you wiped out your income with exotic tax perks like intangible drilling costs and other tax-shelter sounding items, you paid a smaller alternative tax rate on virtually everything with no deductions.
FORBES: The Minimum Tax is Like Jumbo Shrimp