A very large smokestack flare burns off flammable product after an explosion in a processing facility at the ExxonMobil refinery in Torrance, Calif. on Wednesday, Feb. 18, 2015. A small ground fire was quickly extinguished and the facility's flare system was triggered for safety reasons. Two workers suffered minor injuries. (AP Photo/Daily Breeze, Chuck Bennett)

California refinery may restart next month following February blast

An application was filed Wednesday to set a Sept. 2 hearing for Exxon Mobil to restart an old piece of equipment, called an electrostatic precipitator, or ESP, while the damaged equipment that exploded is still being repaired, said Mohsen Nazemi, deputy executive officer of engineering and compliance for the South Coast Air Quality Management District regulating body in California.

Conservationists push White House to postpone next week’s Gulf drilling auction

Environmentalists are campaigning for the White House to call off Wednesday’s Gulf lease sale until Congress reauthorizes a longstanding conservation program funded by offshore oil development.
Operator Tim Mouton inspects polymer pellets for quality at the LyondellBasell Bayport Polymers Plant, Monday, October 11, 2010 in Pasadena, TX. (Eric Smith/Houston Chronicle)

Extended low oil prices could slow U.S. petrochemical renaissance

The bountiful ethane that comes from natural gas liquids and U.S. shale production would become more scarce, according to the IHS report. Ethane is used to make ethylene, which which is the main building block for plastics.

Alfaro investors subpoena reporter

A reporter has found himself in the middle of a legal dispute between controversial oil and gas businessman Brian Alfaro and a group of investors who claims it was defrauded by the Primera Energy LLC owner. San Antonio Business Journal reporter Sergio Chapa was subpoenaed by the investors’ lawyers on Monday to turn over Primera
Categories: General
(Eddie Seal, Bloomberg News)

Report: Eagle Ford production to slip in September

Oil production from the Eagle Ford Shale in South Texas will dip again in September, according to the latest report from the U.S. Energy Information Administration. Production of crude oil and the light oil condensate is expected to slide by 56,000 barrels daily, to around 1.48 million barrels per day. It will be the sixth
Categories: General
EOG Resources CEO Bill Thomas at EOG's offices in downtown Houston Thursday Sept. 25, 2014. (Billy Smith II  / Chronicle)

EOG Resources CEO: Expect US production declines in 2nd half

EOG Resources is making higher rates of return on cheap oil in some areas but it isn’t ready to turn on the taps again because it expects oil prices to recover in coming months, CEO Bill Thomas told analysts Friday.
The 29-week plunge in the oil rig count takes a break

U.S. rig count grows again despite the price of oil still dropping

The U.S. oil rig count increased by six this week, largely buoyed by more rigs added in Texas’ Permian Basin, according to according to Baker Hughes, which tracked 29 weeks of decline in the count until July 2, when oil companies began sending rigs back to oil fields in Texas and elsewhere.
Roughnecks take a break from working the Peterson Drilling Company rig in Carlsbad, New Mexico, February 26, 2000.  (Photo by Joe Raedle)

Oil poised for sixth weekly drop as signs of oversupply persist

Current oil prices are unsustainable and the market will rebalance in the next six to 12 months as U.S. output declines, UBS Group AG said in a note.
An oil well owned an operated by Apache Corporation in the Permian Basin are viewed on February 5, 2015 in Garden City, Texas. (Photo by Spencer Platt/Getty Images)

Apache posts $5.6 billion loss, but still beats analyst estimates

Apache saw its oil production grow from both the first quarter and the second quarter of 2014, buoyed primarily by gains in Texas’ Permian Basin and in Egypt.

Exxon secures more Permian Basin fields

The Irving, Texas-based oil and gas giant said the two deals include a farm-in agreement and an acquisition adjacent to XTO’s existing acreage in Martin and Midland Counties.