News from the Houston Chronicle energy team
Scott Sheffield, chairman and CEO of Pioneer Natural Resources, speaks in Midland, Texas. (Tim Fischer\Reporter-Telegram)

Pioneer alters hedging strategy to protect against cheap oil

The company is converting 85 percent of its 2015 derivatives contracts to fixed-price swaps that cover oil production at an average of $71.18 per barrel.  More »
Harold Hamm and ex-wife Sue Ann Arnall at the the TIME 100 Gala on April 24, 2012 in New York City.  (Photo by Kevin Mazur/WireImage for TIME)

Harold Hamm’s ex-wife rejects $975 million divorce check

The check delivered to her legal team would have paid off the full amount awarded to Sue Ann Arnall in a November divorce ruling.  More »

Crude price struggles continue as gasoline, distillate inventories rise

Stocks of gasoline rose by 8.1 million barrels to 237.2 million barrels for the week ending Jan. 2, leaving stores about 4.5 percent higher than the same period last year.  More »
(Susana Gonzalez/Bloomberg)

Global crude pares loss after biggest drop since 2009

Crude slumped by 48 percent last year, the most since the 2008 financial crisis, as the U.S. pumped at the fastest pace in more than three decades and the Organization of Petroleum Exporting Countries decided to maintain its output ceiling.  More »
(Ken Childress)

How $50 oil changes almost everything

The biggest collapse in energy prices since the 2008 global recession is shifting wealth and power from autocratic petro-states to industrialized consumers.  More »
In this  2010 file photo, men walk in an oil slick covering a creek near Bodo City in the oil-rich Niger Delta region of Nigeria. (AP Photo/Sunday Alamba, File)

Shell to pay $83 million settlement for Nigeria oil spills

Hundreds of spills occur every year in Nigeria, Africa’s top oil producer and largest economy, damaging the environment and destroying the livelihood of fishing and farming communities in the delta region.  More »
(Jason Alden/Bloomberg)

BP details job cuts, capital spending declines in latest economic impact report

Numbers from the British oil giant’s annual economic impact report showed that capital spending fell to $9.1 billion in 2013.  More »
(Photo: Kim Christensen for the Houston Chronicle)

Study links Ohio earthquakes to Houston company’s wells

Earthquakes that shook an Ohio town last year are linked to hydraulic fracturing, according to a new study published by a scientific journal today.  More »
Keeping the oil boom out of Roosevelt National Park

Analyst: No reason oil will stop at $50

Though oil producers have started slowing down drilling plans for 2015, U.S. production is not losing steam, and the imbalance between global oil supply and demand persists.  More »
API President Jack Gerard speaks in Washington, D.C. (AP Photo/Jacquelyn Martin)

Follow API’s State of American Energy speech

Jack Gerard of the American Petroleum Institute will speak at 12 p.m. in a live webcast.  More »
(David Paul Morris/Bloomberg)

Chevron announces Gulf of Mexico discovery

Chevron Corp. said it’s made a significant discover in the Gulf Of Mexico about 140 miles off the coast of Louisiana.  More »

Oil extends drop as U.S. stockpiles seen rising

West Texas Intermediate for February delivery dropped $2.11, or 4.2 percent, to $47.93 a barrel.  More »
Saudi King Abdullah (AP Photo/Brendan Smialowski, Pool, File)

King Abdullah: Saudi Arabia will keep ‘solid will’ as oil prices falling

The speech comes amid speculation about the 90-year-old king’s health after he was admitted to the hospital for pneumonia.  More »
(AP Photo/Charles Rex Arbogast, File)

Antero Resources to lay off more than 250 contract brokers

An Antero representative says prices for natural gas liquids have been affected by a drop in crude oil prices.  More »
(Ty Wright/Bloomberg)

Oil below $60 tests economics of U.S. shale boom

The U.S. shale boom that’s brought the country closer to energy self-sufficiency than at any time since the 1980s will be challenged in 2015 as never before.  More »