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)

U.S. crude closes at second lowest price of 2015

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The last time crude fell this low was March 17, when it hit $43.36 per barrel, the price since the beginning oil’s slide all the way back in June 2014.
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.
(Photographer: Paul O'Driscoll/Bloomberg News.)

Shell leaving conservative ALEC over climate change views

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Shell, which has become more vocal about calling climate change a threat along with some other energy giants like Total and BHP Billiton, followed the recent moves made by BP and Occidental Petroleum in opting to leave ALEC, which is made up of conservative state legislators and numerous private sector interests.
(Spencer Platt/Getty Images)

To please investors, Big Oil makes deepest cuts in a generation

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From Chevron Corp. to Royal Dutch Shell Plc, producers are firing thousands of workers and canceling investments to defend their dividends.
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EOG Resources reports small profit, but down 99 percent from last year

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The North American shale giant’s small profit is still a step forward from the nearly $160 million loss from the first quarter of the year. EOG’s $2.47 billion in second-quarter revenues dipped sharply from $4.19 billion during the same time last year.
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.
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.
(JEFF PACHOUD/AFP/Getty Images)

Gasoline prices down a nickel across Texas

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In the Texas metro areas, drivers in Texarkana are paying the least at $2.32 per gallon while motorists in El Paso are paying the most, $2.63 per gallon.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Goldman sees oil staying lower for longer to end supply glut

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Storage may be filled by the fall with global crude oversupply running at 2 million barrels a day and low-cost producers continuing to boost output, Goldman analysts including Jeffrey Currie said in a report on Thursday.