(Daniel Acker/Bloomberg)

Oil production falling in three big shale plays, EIA says

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Crude production at three major U.S. shale oil fields is projected to fall this month for the first time in six years, the U.S. Energy Information Administration said Tuesday.
(Lucas Schifres/Bloomberg)

Get ready for oil deals: shale is going on sale

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Sellers will be companies handicapped by heavy debt and lacking the cash reserves or hedging contracts that would have provided some insulation from the market crash
(Daniel Acker/Bloomberg)

EIA: Eagle Ford production will slow in April

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Oil production from the six largest shale plays in the U.S. will hit 5.6 million barrels per day in April, an increase of less than 300 barrels per day over March.
Gov. Tom Wolf speaks to members of the media after he signed an executive order restoring a moratorium on new drilling leases involving public lands, Thursday, Jan. 29, 2015, at the Benjamin Rush State Park in Philadelphia. The executive order ends a short-lived effort by his predecessor to expand the extraction of natural gas from rock buried deep below Pennsylvania's state parks and forests. (AP Photo/Matt Rourke)

Pennsylvania governor advances tougher gas drilling rules

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The proposal is the first signal from Gov. Tom Wolf’s administration of how it will approach the natural gas industry after the Democrat campaigned last year on a promise to toughen state regulation of the industry.
Trucks drive south on Highway 85 near Williston, N.D., in the state's oil patch region. (AP Photo/Elijah Nouvelage, File)

$1.1 billion in fast-track funding disbursed to North Dakota communities

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Gov. Jack Dalrymple signed the bill last month at a ceremony at the state Capitol.
Abdalla El-Badri, general secretary of the OPEC (Photo: Chris Ratcliffe/Bloomberg)

OPEC official says oil market to return to balance later this year

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OPEC Secretary-General Abdalla El-Badri also urged OPEC nations to diversify their economies, many of which rely mostly on oil revenue.
A man walks back to his temporary housing unit outside of Willisburg, N.D. With what many are calling the largest oil boom in recent North American history, temporary housing for the huge influx of workers, known as "man camps, " now dot the sparse North Dakota landscape. (AP Photo/Gregory Bull)

Oil bust threatens mortgage-backed securities in Wall Street-funded shale towns

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Wall Street analysts are poring over commercial-mortgage backed securities for signs of distress as the oil crash weighs on demand for real estate in energy hubs.
(David Paul Morris/Bloomberg)

Chevron pulls out of shale gas exploration in Romania

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The company began drilling for shale gas at its exploration well in northeastern Romania in 2014, a project that drew protests. It is also ending its three other concessions in Romania.
Categories: Europe, Shale
Derailed oil tanker train cars burn near Mount Carbon, W.Va., Monday, Feb. 16, 2015. A CSX train carrying more than 100 tankers of crude oil derailed in a snowstorm, sending a fireball into the sky and threatening the water supply of nearby residents, authorities and residents said Tuesday. (AP Photo/The Daily Mail, Marcus Constantino)

Fuel-hauling trains could derail at 10 a year

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The federal government predicts that trains hauling crude oil or ethanol will derail an average of 10 times a year over the next two decades, causing more than $4 billion in damage and possibly killing hundreds of people if an accident happens in a den…
These horizontal drilling rigs are stacked in West Texas, a portion of the more than 300 rigs that have been sidelined in Texas in recent months. (courtesy of Charles Perry)

U.S. rig count falls by 48 as market watches for signs of slowing output

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This week’s count brought the number of active U.S. rigs down to 1,310, a figure that has plummeted by more than 460 compared to last year.