(Eddie Seal, Bloomberg News)

Report: Eagle Ford production to slip in September

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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

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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

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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

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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

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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-Same-Sex-Benefits

Exxon secures more Permian Basin fields

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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.
Marathon Bakken drilling

Marathon Oil CEO says company can profit with low oil prices

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Without giving details on the buyer or buyers, Marathon is in the process of selling $100 million in natural gas assets in East Texas, North Louisiana and Wilburton, Oklahoma.
Roughnecks take a break from working the Peterson Drilling Company rig in Carlsbad, New Mexico, February 26, 2000.  (Photo by Joe Raedle)

Dune Energy sells off Texas, Louisiana oil fields for $19 million

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Dune Energy is one of a handful of U.S. oil producers to seek Chapter 11 bankruptcy protection this year in the wake of the oil-market crash.

Aspirations Need to Reflect Reality

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President Obama has just announced tougher emissions reductions for EPA’s Clean Power Plant regulation—32% reduction from 2005 levels by 2030. Since actions have consequences, there are two simple questions that need to be answered to understand this proposal. The first is how the reductions are to be achieved. The second is what are the economic […]
Categories: featured, General, p2
(Daniel Acker/Bloomberg)

Enbridge moves into the black, but earnings still dip 24 percent

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Enbridge said it is reviewing a potential transfer of its U.S. liquids pipelines into its Houston-based Enbridge Energy Partners master-limited partnership, but that current market conditions don’t support the move for now.