Halliburton Chairman and CEO Dave Lesar, joined by members of the Halliburton Executive Team ring the Opening bell at the New York Stock Exchange on November 18, 2014 in New York City. (Photo by Ben Hider/NYSE)

Deloitte: More oil and gas deals coming if crude prices stay low

As the hedges roll off, credit tightens and the realization that high prices are far off settles in, many companies will need to offer assets for sale and stronger ones will find good deals.
President of Denton Drilling Awareness, Cathy McMullen, right, holds up a sign asking voters to vote in favor of banning fracking at the Denton Civic Center in Denton, Thursday, Oct. 30, 2014. (Special to the Houston Chronicle/Brandon Wade)

Industry group lawsuit against Denton is dismissed

A North Texas district judge has agreed to dismiss the lawsuit filed against Denton by the Texas Oil & Gas Association at the request of both parties.
Congressman Gene Green (foreground). ( John Jiles / Chronicle )

House panel approves oil exports bill, with change from Houston Rep. Green

Although Republican leaders are intent on pushing the bill through the House soon, the lopsided 31-19 vote illustrated the steep political obstacles to liberalizing crude trade.
Flames shoot up from a rapidly spreading wildfire south of Linden, Texas. Firefighters gained ground Wednesday against one of the most destructive wildfires in Texas history even as the number of homes lost reached almost 800, and an elite search team set out to find any victims in the smoking ruins. (AP Photo/ The Texarkana Gazette, Adam Sacasa)

Valley fire consumes five Calpine power plant towers

The wildfire has taken out several of the 14 geothermal power plants in The Geysers, said Calpine spokesman Brett Kerr, but some of the remaining plants are still contributing electricity to the northern California region.
(SeongJoon Cho/Bloomberg)

Chinese methanol project to break ground in Louisiana

China‚Äôs Shandong Yuhuang Chemical Co. formed the Yuhuang Chemical Inc. in Houston last year to develop the large methanol plant in Louisiana’s St. James Parish, which is between New Orleans and Baton Rouge. Methanol is primarily used to make other commercial chemicals.
Senate Majority Leader Mitch McConnell of Ky. arrives for work on Capitol Hill in Washington, Monday, Jan. 12, 2015, as the Republican-controlled Senate is moving ahead on a bill to construct the Keystone XL pipeline despite President Barack Obama's veto threat. The House approved the bill last Friday. (AP Photo/J. Scott Applewhite)

Mitch McConnell endorses oil exports, calling ban “a relic of the ’70s”

Senate Majority Leader Mitch McConnell’s comments endorsing oil exports were his most declarative yet on the issue, but he didn’t outline specific plans for advancing the issue on Capitol Hill.
A pipeline sign stands in Cushing, Oklahoma, U.S., on Wednesday, March 25, 2015. The fastest oil-inventory growth on record at the main U.S. hub may be about to end, easing concern that storage limits will be strained. Photographer: Daniel Acker/Bloomberg

CVR Energy partners up for Oklahoma expansion

Separate analyst notes on Wednesday praised the move for CVR, saying it puts the refining company on track to potentially form its own master-limited partnership for logistics and pipelines.
(Schlumberger handout photo)

Schlumberger says its $350 million investment in tech is helping keep costs low

The overhaul that started in 2007 turned out to be a prophetic decision after crude prices collapsed, sending oil field services companies scrambling to find new, more efficient ways to drill and complete wells at a cheaper cost.
(Photo by Eddie Seal for Bloomberg News)

Texas drilling permits down by nearly two-thirds since last year

Texas issued 864 drilling permits in August, compared with 2,440 a year earlier.

Exxon Mobil reports first oil in Nigerian project

The project is a deep-water subsea development located 60 miles offshore Nigeria in 3,300 feet of water and four miles north of the initial Erha field, which has been producing oil since 2006.