EnergyWatch

News from the Houston Chronicle energy team
Natural Resource Partners LP will acquire Philadelphia-based VantaCore Partners LP, which has sand, gravel and asphalt businesses across the country, for $205 million (Flickr/pikkuanna)

Houston’s NRP buys construction materials business for $205 million

Natural Resource Partners LP, a Houston-based master limited partnership that buys and manages mineral reserves, will acquire Philadelphia-based VantaCore Partners LP for $205 million, it announced Tuesday.  More »
Gov. Tom Corbett. (AP Photo/Centre Daily Times, Nabil K. Mark)

Environmentalists say Pa. health registry needed

Republican Gov. Tom Corbett’s administration said Monday it has enhanced the state health department’s handling of complaints involving natural-gas drilling, prompting environmentalists to renew their demand for more aggressive action.  More »
This Nov. 6, 2011 file photo shows pieces of a chimney that toppled and went through the roof after an earthquake in Sparks, Okla. (AP Photo/Sue Ogrocki, File)

Less shake from artificial quakes

Man-made earthquakes, a side effect of some high-tech energy drilling, cause less shaking and in general are about 16 times weaker than natural earthquakes with the same magnitude, a new federal study found.  More »
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Apache announces new offshore Australia discovery

HOUSTON — Houston-based Apache Corp. announced Monday that it made its first offshore oil discovery in Australia’s Canning Basin, located off the west coast of the country. Officials with the company say their measurements indicate that, optimistically, there could be as much as 300 million barrels of oil in place at the basin. The company […]  More »
The Cameron International Building in Houston (Photo: Holliday Fenoglio Fowler)

Cameron to sell compressor business for $850 million

Houston oil field equipment maker Cameron International is selling its centrifugal compression business to an Irish industrial manufacturer for $850 million, it said Monday.  More »
A horizontal boring mill works on part of a pressure pump at the Fort Worth factory of FTS International, which has a joint venture with China's Sinopec to provide hydraulic fracturing technology. (Brandon Thibodeaux for the Houston Chronicle)

Hoping for its own shale gale, China seeks U.S. know-how

U.S. companies are entering joint ventures to provide China with the tools it needs to get at oil and gas locked in shale.  More »
In this Aug. 8, 2014 file photo, Vic Fischer, a leader of the effort to repeal the oil tax system passed by Alaska state lawmakers in 2013, takes part in a sign-waving event on a busy street in Anchorage, Alaska. (AP Photo/Becky Bohrer, File)

Voters to decide fate of Alaska oil production tax

Ballot Measure No. 1 asks voters if they want to reject the 2013 law that supporters have dubbed the “More Alaska Production Act.”  More »
The Securities and Exchange commission charged a Houston oil-and-gas exploration and production company with making false claims about its oil reserves.

Feds say firm pumped up stock with false claims about fracturing technolgy

Houston-based Chimera Energy and four individuals pumped up the company’s stock prices by falsely claiming to have technology for a water-free alternative to hydraulic fracturing, federal regulators allege.  More »
A BP company logo sits on display on the forecourt of a gas station operated by BP in London. (Chris Ratcliffe/Bloomberg)

Attorneys: BP not entitled to get Gulf settlement payments back

Plaintiff attorneys say BP has no right to recover any alleged overpayments made through the multibillion-dollar Gulf oil spill settlement it reached two years ago to repair the coastal economy.  More »
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Tesoro names new executives

Refiner Tesoro Corp. is hiring two new executives, including a new chief financial officer and an executive vice president for strategy.  More »
A series of pipes direct natural gas in Bismarck, North Dakota. (Daniel Acker/Bloomberg)

Pipeline firm plans $1.75B gas lines in Northeast

A Houston company is planning to spend $1.75 billion on two new pipelines to carry Northeastern U.S. shale gas to nearby states and to systems that go to Gulf Coast and Midwestern markets.  More »
An Eagle Ford well near Kenedy, Texas. (Eric Gay/AP)

EIA: Eagle Ford to cross 1.5 million daily barrels in September

The U.S. Energy Information Administration expects the Eagle Ford Shale to produce 1.51 million barrels of crude oil and other liquids daily in September. It would be a gain of around 31,000 daily barrels over August production for the South Texas field.  More »
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Judge OKs BP’s subpoena of fed documents for now

A federal judge is allowing BP to negotiate the scope of a massive subpoena aimed at gathering government documents related to the Gulf of Mexico deep-water drilling moratorium.  More »
(Andrey Rudakov/Bloomberg)

Deals bring in $2.1 billion, additional acreage to Shell Oil Co.

Shell Oil Co. today announced a pair of deals Thursday morning in which it will give up onshore gas operations in Wyoming’s Pinedale and Louisiana’s Haynesville fields in exchange for $2.1 billion and additional acreage in Pennsylvania.  More »
Goal Zero makes devices including the Guide 10, which uses solar panels to provide power to rechargeable batteries or devices with USB connections. (Goal Zero photo)

NRG deal gives it a new place in the sun

NRG says its acquisition of a company that makes solar-powered gadgets will help it provide electricity to customers when they’re off the grid.  More »