Category: Crude oil

These 19 counties generate the most oil and gas taxes for Texas

Which parts of the state are generating the most in oil and gas taxes?  More »

Deloitte: We’ve seen bottom of oil prices

Crude oil prices continued an upward trend Tuesday but fell once again by Wednesday afternoon, when West Texas Intermediate was down $4.61 and trading at $48.44 per barrel.  More »

Crude rally cut short as stores build

The new crude in storage brought overall levels to 413.1 million barrels, the highest level for this week in at least 80 years, according to the EIA.  More »

Lucas Energy seeks merger with West Texas oil company

The two companies said they could make money on the expected $1.1 million in monthly revenue from oil production in the Eagle Ford Shale even if oil prices were at $50 a barrel.  More »

Spectra profit grows in fourth quarter

The pipeline and processing company’s distributable cash flow was about flat at $316 million in the final part of 2014.  More »

Libya Islamists seen capturing oil Field in quest for funding

The militia that captured the Al-Mabruk field Wednesday could be a local branch of Islamic State a spokesman of the national Petroleum Facilities Guard said.  More »

Petrobras CEO steps down amid Brazil’s biggest graft scandal

The scandal has also engulfed Brazil’s largest construction companies, which may bring public works projects to a halt.  More »

DCP Midstream to consolidate offices, lay off employees

Plans for the cuts and moves were in motion before oil prices began falling last year, a spokeswoman for the company said.  More »

U.S., Russia fight over Europe’s energy future

It’s all about heat and electricity for tens of millions of Europeans.  More »

Report: U.S. production growth could stop this year

The study could offer hope for an industry reeling from lower commodity prices that show no imminent signs of rebounding in the face of growing U.S. production volumes.  More »

Petrobras shares rally most since 1998 on CEO exit speculation

Rousseff’s administration told Chief Executive Officer Maria das Gracas Foster that it’s seeking candidates for her job, Folha de S.Paulo newspaper reported today.  More »

Oil surges into bull market as investment cut seen curbing glut

West Texas Intermediate for March delivery climbed $3.48, or 7 percent, to close at $53.05 a barrel on the New York Mercantile Exchange.  More »

LyondellBasell’s fourth-quarter writedown drags down record year

Lyondell did not mention an industry-wide labor strike by United Steelworkers that sent union members picketing the company’s U.S. headquarters in downtown Houston.  More »

Anadarko to pull back 2015 spending

Anadarko executives said on a Tuesday call with analysts that capital expenditures would fall in 2015, though they offered few specifics.  More »

Cash-starved oil producers trade treasured pipelines for money

Bakken shale billionaire Harold Hamm and Canadian gas giant Encana Corp. are among the latest to peddle some of their most valuable assets and steadiest earners.  More »