(Photographer: Eddie Seal, Bloomberg)

Magnum Hunter shares could be de-listed, NYSE says

A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.

Commentary: Don’t Buy the Environmental Hype Against Crude Oil Exports

Allies of our nation’s environmentalist movement are not about to let facts get in the way of swaying public opinion in their efforts to garner support for its overreaching agenda.  Case in point: a recent column by the Center for American Progress (CAP) attacking efforts to lift the ban on U.S. crude oil exports. The […]
Categories: Crude oil, featured, General, p2

These are the experts drawing battle lines over oil exports

The cast of experts weighing in on the issue includes former Obama administration officials and military veterans.

The oil patch palette

A couple of years ago we presented some examples of how the grit and steel of the oil field can take on its own beauty in the hands of a skilled photographer or digital artist.
Categories: featured, General

OPEC split on need for long-term oil-price forecasts

The disagreement reflects internal divisions over whether OPEC policy should focus on prices or the stability of the oil market.
Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)

ConocoPhillips to cut 10 percent of global workforce

ConocoPhillips said Tuesday it is planning to cut roughly 1,800 employees, or 10 percent of its global workforce, in the next several weeks as it deals with low oil prices.
permian basin

W&T Offshore to sell Permian assets for $376 million

W&T Offshore has agreed to sell its stake in a West Texas oil field to a private equity start-up company for $376 million, the latest oil deal geared toward supporting a seller’s financial books amid cheap oil prices.

Penn West will scrap dividend, fire one-third of its workers

The company is cutting more than 400 employees, including full-time workers and contractors, it said in a statement Tuesday.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Cameron sells offshore jack-up rig business for $100 million

Cameron International Corp. has agreed to sell off its offshore jackup rig business for $100 million to a Singapore rig contractor, the companies announced Monday.

Oil surges as OPEC signals it’s open to “fair and reasonable” prices

U.S. crude prices shot up nearly $4 a barrel after OPEC said in a monthly publication it is ready to speak to other oil producers to achieve “fair and reasonable” prices.