(Brett Clanton/Houston Chronicle)

With little drilling, Wyoming oil surge not expected to last

Wyoming’s economy is feeling the effects of drilling rig crews packing up and moving out.
(Photo: Zach Heller Photography)

California shuts 33 oilfield wells threatening water supply

California is shutting down another 33 oilfield wells that state officials improperly permitted to inject into federally protected water supplies.
(Doug Kanter/Bloomberg News)

Clean Power Plan may force coal power plant retirements in Texas, ERCOT says

Despite the concerns, the estimated retirement of at least 4,000 megawatts of coal-fired generation capacity in the ERCOT region is much less than the previous projection of 8,700 megawatts given last year before the Clean Power Plan rule was finalized and the timelines were eased, said ERCOT, which manages about 85 percent of Texas’ electricity load.
(AP file photo/Reed Saxon)

Occidental reportedly selling Bakken acreage at sharp discount

A Simmons note contends that Occidental’s view of the Bakken has rapidly deteriorated since it invested heavily five years ago.
Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillips 66 delays Sweeny startup after mechanical failure

The 100,000-barrel-a-day Fractionator One project at Phillips 66’s Sweeny complex is part of a $3 billion capital expansion project in southern Texas launched last year.
(Photo by Robert Nickelsberg/Getty Images)

Southern Company and South Korean utility team up on “clean coal”

Southern Company is seeking to set the global blueprint on making clean-coal projects work.
Pipelines run toward oil storage tanks stand at the Enbridge Inc. Cushing storage terminal in Cushing, Oklahoma, U.S., on Wednesday, March 25, 2015. (Daniel Acker/Bloomberg)

Commentary: Rising inventories, falling crude

One hundred and seventy-one years after the birth of Nietzsche, and oil prices are gazing into the abyss. For yesterday’s weekly API report yielded a whoppingly whopping +9.3 million barrel build to crude inventories – pointing furiously to a similar result from today’s EIA weekly report. While a build was overwhelmingly expected – we are […]
Categories: General
In this April 9, 1989 file photo, crude oil from the tanker Exxon Valdez, top, swirls on the surface of Alaska's Prince William Sound. (AP Photo/John Gaps III, File)

State, feds won’t pursue $92M more in ’89 Exxon Valdez spill

In a court filing made on Wednesday, government attorneys said patches of lingering oil that remain can no longer be considered an impediment to the recovery of sea otters or harlequin ducks or a significant ongoing threat to their now-restored populations in the area affected by the 1989 Exxon Valdez oil spill.
Par Pacific Holdings CEO William Pate

Par Petroleum changes name and CEO

Parr moved to Houston in 2012 and began trading on the NYSE MKT market in 2014. The company, which has refining, midstream, upstream and marketing assets, has frequently shuffled its leadership while making recent deals to grow its presence, particularly in Hawaii.
The W. A. Parish power plant on Friday Sept. 5, 2014 in rural Fort Bend County, TX.  (Eric Kayne/Invision for NRG/AP Images)

Report: Texas already on path to meeting most Clean Power Plan goals

The Clean Power Plan, the final version of which was proposed in August, is intended to reduce carbon pollution from existing power by 32 percent from their 2005 levels by 2030.