Eagle Ford, Bakken shale production on the decline

Eagle Ford, Bakken shale production on the decline

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Output from the Eagle Ford has been falling since March 2015.
(Spencer Platt/Getty Images)

Strong company earnings, oil recovery send stocks higher

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The price of oil turned higher after a two-day slump.
U.S. regulators expect their review of the proposed Halliburton-Baker Hughes merger to last into the new year.  (AP Photo)

Halliburton poised to offer Baker Hughes deal concessions to EU

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The company said Wednesday that it would offer the remedies soon, after the EU pushed back the deadline for reviewing the deal by 20 working days to June 23.
(AP Photo/Log Cabin Democrat, Courtney Spradlin)

Arkansas water utility pushes for Exxon Mobil fines, rules

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In a letter to the Pipeline and Hazardous Materials Safety Administration on Monday, Central Arkansas Water said Exxon Mobil doesn’t understand the weight of the situation.
California Attorney General Kamala Harris said the state would join the lawsuit brought by a BP whistleblower. (AP Photo/Rich Pedroncelli)

California AG sues gas company over uncontrolled leak

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California’s attorney general has added her name to the long list of parties suing Southern California Gas Co. over a massive out-of-control natural gas leak.
Tourist fridge magnets sit for sale outside a souvenir store in Isfahan, Iran, on Thursday, Aug. 27, 2015. Iran expects its economic growth to accelerate next year as the removal of sanctions under a nuclear agreement offsets a global slump in oil prices, a top aide to President Hassan Rouhani said. Photographer: Simon Dawson/Bloomberg

Cheap oil buoys consumers, shakes up global governments

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A recovery in oil prices depends on when supply and demand can get close to equilibrium. It could be a rocky ride.
(Andrey Rudakov/Bloomberg)

Russia open to meeting with major oil-producing countries

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Last month, the price of oil fell below $30 a barrel, causing the ruble to plunge to record lows.
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Tesoro misses expectations

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Tesoro, which operates six refineries in the western U.S., generated $1.5 billion in profits for 2015, up from $872 million in 2014.
Categories: General, Refining
(Kristen Hays/Houston Chronicle)

Anadarko posts $1.25B loss, to cut 2016 spending in half

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Anadarko Petroleum Corp. posted a $1.25 billion loss in the fourth quarter and expects to cut its budget in nearly half this year as the business of extracting oil and gas has soured.
Over thirty oil drilling rigs idling in a Helmerich & Payne, Inc. yard along Groening Street in Odessa, Texas, in the Permian Basin on  May 18, 2015. (Courtney Sacco/Odessa American via AP)

Banks “finally found religion” at $30 oil, lawyers see wave of bankruptcies

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More than two dozen Texas bankruptcy attorneys expect a 30 percent increase in corporate restructurings and bankruptcy filings in the state this year, according to a sampling of bankruptcy attorneys by Houston consultancy HSSK.