Houston Chronicle Energy News

Reporting from the daily edition.
(Eddie Seal/Bloomberg)

Halcón to pull back from Tuscaloosa Marine Shale

The decision underscores the wide disparity between the economics of established shale plays and younger ones.  More »
Halcon

Halcón to slash spending, cut rigs as oil prices fall

Although Halcón posted a $186.9 million profit and saw production surge 16 percent in the third quarter, the Houston-based independent oil and gas company said falling oil prices necessitate a more conservative approach in 2015.  More »
conocophillips offshore

ConocoPhillips announces second oil discovery in Senegal

Cairn Energy said initial analysis shows the well has “excellent reservoir sands” with as much as 118 feet of net oil pay.  More »
KiOR's facility in Columbus, Miss. (KiOR)

KiOR says it owes $312 million because it missed payment

Biofuel maker KiOR missed a $1.8 million loan payment to the state of Mississippi.  More »
The United Kalavryta, shown here in the Gulf in late July, remains anchored about 60 miles off Galveston's coast. (Courtesy: U.S. Coast Guard)

Iraqi ambassador says negotiations continue with Kurdistan over oil

Iraq’s ambassador to the United States said Friday that he “sees positive signs” in the recently launched negotiations between Iraq and Kurdistan regarding oil revenue-sharing agreements, among other points of dispute.  More »
(Image: Fotolia)

U.S. jobs report helps send oil prices higher

Oil for December delivery rose 74 cents to settle at $78.65 a barrel on the New York Mercantile Exchange.  More »
Chevron Phillips Chemical is considering yet another expansion at its Cedar Bayou plant in Baytown. ( Melissa Phillip / Houston Chronicle )

Chevron Phillips Chemical eyes another expansion in Baytown

The company is already building a $6 billion expansion at the same Cedar Bayou plant.  More »
(AP Photo/Richard Drew, File)

Oil rises after inventory report

Oil for December delivery rose $1.49 to settle at $78.68 a barrel on the New York Mercantile Exchange.  More »
Texas leads the nation in oil field job growth, a new government report finds. (oilfieldservicesgrandeprairie.com)

Texas leads nation in oil field job growth

The resurgence in domestic drilling made possible by new techniques like hydraulic fracturing and horizontal drilling has created thousands of new jobs since the recession, and nowhere is that more evident than the Lone Star State.  More »
The Bakken shale remains a key growth opportunity for Marathon Oil. (AP Photo/Gregory Bull, File)

Marathon remains committed to shale drilling despite falling oil price

Despite falling oil prices, Marathon Oil said it remains committed to key U.S. shale plays.  More »
Marathon Oil's corporate headquarters in Houston.  (AP file photo/Pat Sullivan)

Marathon’s profit falls 24 percent on crude price slump

Marathon Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production.  More »
Yellow oil barrels

Crude oil settles below $80 a barrel

Oil tumbled last month after Saudi Arabia, Iraq, Iran and Kuwait cut prices, leading to concern that OPEC members were fighting for market share.  More »
North American refineries face growing competition at home and abroad at a time when global demand has flattened. (Valero Energy photo)

Moody’s: Refineries face flat demand, new competition

Shale oil will continue to give U.S. refineries a cost advantage over their European peers, but a few big refinery expansions in Saudi Arabia could steal market share.  More »
Yellow oil barrels

Crude falls after Fed ends asset-purchase program

Oil for December delivery dropped $1.08 to settle at $81.12 a barrel on the New York Mercantile Exchange.  More »
Marathon Oil gas pump (AP Photo/Michael Conroy)

Marathon Petroleum warns against lifting crude export ban as profits triple

Marathon Petroleum Corp. saw its profits triple on the widening price spread between crude and refined products and a record quarter for its convenience store segment.  More »
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