Category: Crude oil

Laredo Energy gets $130M to up drilling

Laredo Energy has landed $130 million in private equity funding to cover its Texas drilling efforts, the Houston company said Wednesday.  More »

Oil higher above $104 on crises in Ukraine, Libya

The price of oil inched higher above $104 a barrel Wednesday as the conflicts in Ukraine and Libya posed renewed risks to crude supplies.  More »

Oil stays above $104 on crises in Ukraine, Libya

The price of oil remained above $104 a barrel Tuesday as investors weighed how the conflicts in Ukraine and Libya were likely to affect crude supplies.  More »

Oil futures down to near $104 after Ukraine vote

Natural gas fell after a proposed solution to a dispute over Ukrainian natural gas debts to Moscow was revealed, raising hopes that a supply cutoff would be averted.  More »

Oil settles above $104 ahead of Ukraine vote

Holidays will keep markets closed on Monday in the U.S.  More »

Oil eases but remains near $104 a barrel

The U.S. oil price hit a one-month high earlier in the week.  More »

CEO discusses key behind Sanchez Energy’s rapid growth

Sanchez Energy’s massive planned Eagle Ford Shale buy announced Wednesday is the latest in a string of acquisitions that the three-year-old company believes will push its revenue to more than $1 billion next year.  More »

PDVSA signs $2.2 billion oil service financing to boost drilling

Petroleos de Venezuela SA, the country’s state oil company, signed deals with oil service companies Schlumberger, Halliburton and Weatherford International.  More »

Oil climbs to $104 as U.S. supplies drop sharply

A report from the Energy Department showed a drop of 7.2 million barrels in U.S. crude oil supplies.  More »

Bank loan standards bending for oil companies amid shale rush

As major shale plays fuel the nation’s energy production, some aspects of Texas banking are starting to echo the overzealous oil and gas lending of the past, says David Zalman, chairman and CEO of Houston-based Prosperity Bancshares.  More »

Oil down slightly ahead of U.S. supply report

U.S. crude for June delivery fell 17 cents to close at $102.44 a barrel.  More »

In the oil & gas industry, there should be no such thing as an “accident”

The “safety first” message extends – at least in theory – out to the field, where every new engineer and roughneck is constantly told “there’s no such thing as a small incident”, or “if you can’t do it safely, it’s not worth doing”.  More »

Chesapeake chasing ‘all-but-forgotten’ shale assets

Just a month after BP decided to take a $521 million hit to abandon its plans for the Utica Shale, Chesapeake Energy last week called the region its “newest world-class asset.”  More »

Calif. county considers fracturing ban

For the past several months, Santa Barbara County Water Guardians have worked to collect enough signatures to propose a ban on hydraulic fracturing.  More »

Oil tax incentive change part of Oklahoma budget debate

The Legislature this year also has yet to reach an agreement on a generous tax incentive currently in place for horizontally drilled wells that reduces the tax from its regular rate of 7 percent to 1 percent.  More »