Fuel Fix

A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake Energy rebounds after denying bankruptcy plans

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The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.

Chesapeake Energy rebounds after denying bankruptcy plans

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A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)
The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.
Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT

National gasoline average now below $1.75 a gallon

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Prices at the pump are currently at their lowest prices in seven years courtesy of bountiful supply and cheap costs of crude oil
Categories: Consumers, featured, Gasoline

Employees at National Oilwell Varco,  6390 N. Eldridge Parkway, work on a lower blowout preventer stack, shown left, and lower marine riser package, shown right, Thursday, April 18, 2013, in Houston. ( Melissa Phillip / Houston Chronicle )

GE oil deal offers new model to prevent BP-like crude spills

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The agreement represents a new business model for the industry, providing a steady income stream for GE, and decreased risk for the driller, the companies said in a joint statement Monday.
Categories: Deals, Offshore
In search of natural gas, Jacob Spraggins with Helmerich & Payne works on a drill in the Piceance Basin on the western slope of the Rocky Mountains, Monday, June 22, 2009, in Rio Blanco County. (Johnny Hanson / Chronicle)

Cash-strapped drillers face deeper financial problems amid cuts

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Domestic oil explorers with high levels of debt will struggle the most this year if they’re forced to cut spending and give up cash from new oil production.

Jack Gerard, president and CEO of the American Petroleum Institute, in Houston on June 18, 2013. (Brett Coomer/Houston Chronicle)

API president attacks Obama’s oil tax as “extremist agenda”

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Gerard expressed astonishment at the president’s proposal Monday, saying his group was only notified of the tax as the administration was “getting ready to roll it out.”
A jar holding waste water from hydraulic fracturing is held up to the light at a recycling site in Midland, Texas. (AP Photo/Pat Sullivan)

Many chemicals used in Texas fracking remain a mystery

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For the past five years, biochemist Zac Hildenbrand has investigated potential links between unconventional drilling and water quality, collecting thousands of samples throughout the major shale plays in Texas.
Genesis Energy operates this crude oil pipeline in Texas City. (J. Patric Schneider/For the Chronicle)

Energy Transfer shares fall after CFO swap

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The Dallas-based pipeline company said Thomas Long would succeed Jamie Welch as CFO.

Iran makes deals with Europe, selling crude in euros

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On the 84th birthday of John Williams, the crude complex is looking anything but composed. There are lots of reasons for cheer today – Chinese Lunar New Year (hark, year of the monkey), the Rio Carnival, to name two – but price action in financial markets is not one of them. As dollar strength returns […]
(AP Photo/Mary Altaffer)

World’s largest energy trader sees a decade of low oil prices

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The forecast would mean oil-rich countries and the energy industry would face the longest stretch of low prices since the 1986-1999 period.
Categories: Crude oil
(Image: Fotolia)

2 killed, 8 injured in fire on Mexico offshore oil platform

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Mexico’s state oil company says a fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight
Categories: General
U.S. Senator Ed Markey, D-Mass (SAUL LOEB/AFP/Getty Images)

US Sen. Markey faults feds on natural gas export decision

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The Massachusetts Democrat says the decision announced Friday will allow gas to be exported to Canada through the Maritimes and Northeast Pipeline where it will be exported overseas. The pipeline currently flows from Canada into New England.
Los Angeles residents wait in line outside a Southern California Gas Co. office set up to handle claims by people affected by a 15-week-old gas leak in the Proter Ranch neighborhood of Los Angeles Friday, Feb. 5, 2016. (AP Photo/Brian Melley)

As fix nears for gas leak, residents worry about return home

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With a possible end in sight to a massive 15-week gas leak, anxious residents displaced from a Los Angeles neighborhood are skeptical a fix is near and worry they may be forced to return too soon to unhealthy homes.
Categories: General, Natural gas
The West Texas sky silhouettes a Linn Energy pumpjack in the Permian basin. (Linn Energy)

Linn Energy stock plummets as it weighs potential bankruptcy

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Linn’s stock value dropped Friday from $1.20 a unit at Thursday’s close down to about 50 cents per unit after the struggling, heavily-indebted business said Thursday it is considering all strategic options, including a bankruptcy filing.
Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT

Obama: Cheap gasoline prices drove oil tax decision

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The proposal faces an uphill battle in the Republican-led Congress, which has repeatedly pushed back against the president’s climate change initiatives.
Categories: Crude oil, featured, Gasoline