The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Drilling slowdown continues as 7 more oil rigs go dark

The number of rigs chasing oil fell to a total of 635, extending the slowdown for a 27th consecutive week, according to weekly data from oil services firm Baker Hughes.
Categories: General
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake shares fall on downgrade, natural gas drop

Chesapeake is among energy companies with market values that swing on the price of natural gas.
Categories: Natural gas
Supporters of hydraulic fracturing are using listicles, memes and other pieces of digital content with a new BuzzFeed-style website to wrest control of the debate about the controversial completion technique. (

Hydraulic fracturing supporters fire back with BuzzFeed-style website

The site, called, is an attempt by supporters to wrest control of the debate of the controversial completion technique, re-framing their view of hydraulic fracturing in a hip, fresh way in an effort to reclaim some of the ground lost to opponents who have been outpacing them on social media.
Furmanite service technicians install a custom-engineered leak sealing enclosure to prevent their client from having to shut down a process unit. (Furmanite)

Furmanite looks to make peace with activist investors after proxy battle

Furmanite set its annual meeting for June 30 in Houston after resolving an invective-filled proxy battle in May that ended with major concessions made to activist investors. The meeting was originally delayed from April, when investors complained it was being held in Delaware to avoid a confrontation. Then, it was delayed again from May 7 when a settlement agreement was reached.
(DEwira/AFP/Getty Images)

IEA: Crude demand returns, and OPEC steps up

The world’s appetite for crude is making a comeback as economies improve and cheap oil draws out more buyers, the International Energy Agency says.
John Hess, chairman and CEO of Hess Corp. (Photographer: F. Carter Smith/Bloomberg )

Hess to sell $2.7 billion stake in Bakken pipes to private equity firm

Oil producer Hess Corp.’s midstream venture will have a new partner in Global Infrastructure Partners at the cost of a cool $2.7 billion.
Charif Souki, CEO of Cheniere Energy speaks during an interview. (James Nielsen/Houston Chronicle)

Cheniere reveals plans for additional LNG projects

Cheniere plans to expand its liquefied natural gas empire, adding two additional production units in Corpus Christi and partnering with a smaller Houston-based LNG company to build new projects in Louisiana.
Workers remove the drill pipe on the drilling floor of Development Driller III, which drilled the relief well and pumped the cement to seal the Macondo well, the source of the Deepwater Horizon rig explosion and oil spill, in the Gulf Of Mexico, off the coast of Louisiana, Saturday, Sept. 18, 2010. (AP Photo/Gerald Herbert)

BP: U.S. overtakes Russia and Saudi Arabia as largest oil producer

BP presented its findings at the company’s annual statistical review of world energy, where executives serve up a massive collection of data on the world’s energy production, energy demand and economic prospects.
(Bill Montgomery/Houston Chronicle)

Texas rep counts one victory for cheap electricity, one loss for those using less of it

Texans looking to conserve energy may continue to face monthly penalties on their electricity bills, but low-income residents should keep receiving discounts on their power usage.
Pipelines run toward oil storage tanks stand at the Enbridge Inc. Cushing storage terminal in Cushing, Oklahoma, U.S., on Wednesday, March 25, 2015. (Daniel Acker/Bloomberg)

Oil prices rise to 2015 high after a big drop in crude storage

U.S. crude storage dropped dramatically from last week, contributing to oil prices closing Wednesday at a high for the year.