(Jim Gehrz/Minneapolis Star Tribune/MCT)

Energy CEO: No need to spend capital until service costs come down

The CEO of U.S. oil explorer Magnum Hunter Resources Corp. told investors Friday the company won’t spend any more money on drilling or hydraulic fracturing until oil-field service costs come down.
Oil field workers drill into the Gypsum Hills near Medicine Lodge, Kan., in 2012. (AP Photo/Orlin Wagner, File)

Oil slips as U.S. crude stockpiles surge most in 14 years

Inventories rose 10.1 million barrels in the week ended Jan. 16, the biggest gain since March 2001, according to the Energy Information Administration.
(AP file photo)

What to watch for in the State of the Union

As President Barack Obama delivers his penultimate State of the Union address Tuesday night, will he be the president who took aim at the oil industry’s tax breaks in 2009 or the one who celebrated natural gas just three years later?
(AP Photo/Charles Rex Arbogast, File)

Natural gas draws larger than expected

The larger withdraw could lend at least some good news to a natural gas market struggling with a winter season opened with warm temperatures and huge natural gas production.
Yellow oil barrels

Crude prices rise but bear market may not be over

WTI for February delivery rose $2.59 to settle at $48.48 a barrel on the New York Mercantile Exchange.
A Marathon Oil drilling rig works in the Bakken Shale of North Dakota. (Houston Chronicle)

Diamondback Energy to delay drilling, push for cuts to service costs in 2015

Diamondback said that it expects the cost of a horizontal well with a 7,500-foot lateral segment to fall to between $6.2 million and $6.7 million.
U.S. Department of the Interior  logo

U.S. aims to cut methane emissions by nearly half

A preliminary plan — expected to be unveiled this week — aims to cut emissions 40-45 percent by 2025.
Categories: Environment, Natural gas
Texas Capitol

Consumer Impacts: Texas Legislature Back in Town

What can energy consumers expect this year as the Texas Legislature convenes for its 84th regular session? Will lawmakers pass laws to lower bills or will they take actions that have the opposite effect? The session begins January 13th. Here are a four issues that lawmakers may consider that could impact what Texans pay for their […]

In this Jan. 8, 2015 photo, an environmentalist concerned about global warming wears a statement t-shirt at a public hearing in Eatontown, N.J. on a proposed offshore terminal for imports of liquefied natural gas. Liberty Natural Gas wants to build the facility off the coasts of New York and New Jersey. Business and labor groups support the plan, but environmentalists oppose it, saying it is really a plan to facilitate exports of natural gas obtained by hydraulic fracturing, a technique they oppose. (AP Photo/Wayne Parry)

Idea for gas terminal off East Coast rankles fracking foes

Liberty Natural Gas wants to build a deep-water port in federal waters 19 miles off Jones Beach, New York, and 29 miles off Long Branch, New Jersey. Its stated purpose is to bring additional natural gas into the New York area during times of peak demand, thereby lowering home-heating prices.
(AP Photo/Richard Drew, File)

NY fracking ban seen as having little impact on supply

Scientists say New York’s available reserves of natural gas in the sprawling Marcellus Shale are minuscule compared to what can be extracted in other states such as Pennsylvania and West Virginia.