Collin Eaton joined the Houston Chronicle's team of energy reporters in 2013, after covering the financial industry for another publication. He writes mainly about U.S. oil companies and developments in international oil markets.

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Exxon Mobil shareholders set to vote on climate change resolutions

DALLAS — Protestors gathered outside of Exxon Mobil Corp.’s annual meeting on Wednesday holding up signs that said,  “Regulate, baby, regulate” and “Exxon knew,” shorthand for claims the Texas oil company suppressed its own research that discovered decades ago bur ...

Halcón Resources planning to file prepackaged Chapter 11 bankruptcy

HOUSTON – Halcón Resources says it’s planning to file for Chapter 11 bankruptcy protection with a deal in hand to restructure its finances, eliminating $1.8 billion in debt. The Houston oil producer, which drills in North Dakota and Texas, said Wednesday its prepackaged deal with creditors would con ...

Shale debt defaults set to reach scale of telecoms crash, Fitch says

Fitch Ratings says the portion of U.S. explorers that have failed to pay off their riskiest corporate debt has already reached a record 27 percent, and that default rate could rise to as much as 35 percent this year as more companies file for bankruptcy or skip interest payments. ...

Wall Street banking on oil recovery in flurry of shale stock deals

HOUSTON – Stock-market investors have poured nearly $13 billion into U.S. oil companies trying to profit from the surge in crude prices, in a sign the market is convinced the worst of the oil bust is over. After 29 energy stock sales this year, Wall Street’s bet is paying off. Share prices for U.S. ...

SandRidge Energy files for Chapter 11 bankruptcy

SandRidge Energy has joined scores of energy companies seeking refuge from the oil crash in bankruptcy court, becoming one of the largest U.S. shale drillers to succumb to the downturn. The Oklahoma City oil company is seeking Chapter 11 bankruptcy protection with a plan in place to turn $3.7 billio ...

Genscape: Iran’s daily oil exports surge by 1.2M barrels since January

HOUSTON – Iran has managed to pump more of its oil back into Asia and Europe than it originally promised, surprising skeptics and laying the groundwork for a Mideast market-share clash — or a truce. Iran’s crude exports climbed to 2.35 million barrels a day in April, according to consulting firm Gen ...

Newfield Exploration relocating up to 150 workers to The Woodlands

HOUSTON – Local driller Newfield Exploration is planning to relocate up to 15 percent of its U.S. workforce to The Woodlands, cinching its belt amid low crude prices. The Houston-area oil producer says it will offer relocation packages to 150 workers in Oklahoma, where it spends the bulk of its dril ...

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