(Alexander Zemlianichenko Jr./Bloomberg)

Wood Mackenzie: Just 0.1 percent of global crude output shuttered by cheap oil

Though crude is cheaper than during the financial crisis seven years ago, global oil prices haven’t fallen far enough yet to force oil producers to shut in more than 0.1 percent of the world’s daily supply.
Report: Oil falling, but Eagle Ford, Bakken output on the rise

Texas pumps more oil in November, and the Eagle Ford Shale counties stay at the top of the list

Karnes County is still pumping more crude oil than any other county, with 6 million barrels produced in November.

Shaky signs seen in US shale oil industry, while future looks rosy for natural gas

Thirty-two years after Cyndi Lauper released one of her most popular hits (how scary is that?!), and yep, the weekly EIA inventory report heralds a bearish tone for the crude complex….time after time. Last night’s API report yielded a whopping 11.4 million barrel build to crude stocks, as a combination of planned and unplanned refinery […]
Categories: Crude oil, Shale
EFS 28

Obama admin. proposes rule to limit gas flaring at drilling sites

New rules proposed move Friday will seek to reduce waste and harmful methane emissions as President Barack Obama addresses climate change.
BHP Billiton CEO Andrew Mackenzie speaks at the IHS CERAWeek energy conference in Houston on March 4. (Houston Chronicle file)

BHP expects to book $4.9 billion writedown on U.S. shale assets

‘”The dramatic fall in prices has led to the disappointing writedown,” Chief Executive Officer Andrew Mackenzie said.
Categories: Australia, Shale
Barbara Brown poses for a photo by the front step of her home that now sits about one foot off the surface of her lawn June 21, 2014, in Reno, Texas. Brown said that the top of the step once sat about four inches off the surface of her lawn. Brown said she believes the sinkholes on her property and the drop of her lawn have to do with natural gas drilling. (AP Photo/Tony Gutierrez)

Oklahoma residents sue oil and gas companies over earthquakes

The lawsuit alleges that the companies were negligent in disposing of saltwater waste from their drilling activities in the area without considering the risks of inducing seismic activity.
Oil wells in the Franja del Orinoco region of Venezuela (Houston Chronicle)

These are the energy stories Houston cared about in 2015

With crude prices stuck firmly below $40 a barrel, and energy companies predicting another austere year in 2016, here’s a look back at some of the most popular stories that appeared on FuelFix.com this year.
In search of natural gas, Jacob Spraggins with Helmerich & Payne works on a drill in the Piceance Basin on the western slope of the Rocky Mountains, Monday, June 22, 2009, in Rio Blanco County. (Johnny Hanson / Chronicle)

Total U.S. rig count dips below 700 for first time since 1999

The year fittingly ended with the oil rig count declining by two rigs for a 2015 defined by energy austerity as the price of oil plummeted beginning in the latter half of 2014, according to weekly data released by oil field services firm Baker Hughes.
(Jason Alden/Bloomberg)

BP snaps up Devon’s San Juan Basin assets

BP didn’t disclose the purchase price, but said its expansion in the San Juan Basin includes 480 wells over 33,000 gross acres on federal land in the first quarter of next year.
(Ty Wright/Bloomberg)

Halcón Resources cuts budget in half, expects flat production next year

U.S. oil producer Halcón Resources says it’s planning to cut its investment spending in half next year in a “tempered approach” amid low crude prices, driving its energy output down.