Tony Sanchez, chief executive officer for Sanchez Energy Corp. (Eddie Seal/Bloomberg)

Sanchez Oil & Gas makes MLP and executive moves

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The Houston-based, exploration and production family of companies began entering the master limited partnership space after acquiring much of Houston-based Constellation Energy Partners LLC. Constellation last year was changed into Sanchez Production Partners, or SPP. But then, in March, the company became a limited partnership in the MLP structure.
Texas Gov. Greg Abbott (Chris Kleponis/Bloomberg News)

Texas governor signs bill restricting local fracking regulations

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Abbott’s signature is the culmination of a marker he set down in January, when he took aim at local regulations affecting not only fracking but tree cutting and plastic bags.
(Photo by Eddie Seal for Bloomberg News)

Analysts: Eagle Ford drilling will get a lot cheaper by mid-2016

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The oil slump hasn’t stopped producers in the South Texas play from getting better at targeting oil-rich rock in lateral sections of their horizontal wells.
RAIL

Amid new regulations, Tesoro upgrades its crude rail car fleet

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The first round of cars has been completed and will be placed in service once Tesoro receives enough to form a full unit train, the company announced in a statement Monday.

EIA: Gasoline still dominates, but other fuels have grabbed their biggest share of U.S. transportation in decades

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America’s transportation today is running on the largest share of non-petroleum energy since 1954, according to an analysis by the U.S. Energy Information Administration.
Texas Gov. Greg Abbott (Chris Kleponis/Bloomberg News)

Governor Abbott signs Texas fracking bill

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The bill, inspired by the local fracking ban voters passed in the city of Denton last November, will take effect immediately after winning more than two-thirds majorities in the Texas House and Senate.
(Photographer: Ty Wright/Bloomberg)

Fuel prices rise, but gasoline remains cheapest in years for summer driving season

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Drivers planning a Memorial Day road trip won’t score the huge fuel discounts once expected, but they’ll still be able to buy gasoline for nearly $1 cheaper per gallon than the same time last year.
The Deepwater Millennium drillship  works on an Anadarko Petroleum Corp. project in the Rovuma Basin off the coast of Mozambique. (Anadarko Petroleum Corp.)

Anadarko picks contractors on major LNG project

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Anadarko chose CB&I, both of which are headquartered in The Woodlands, as part of CB&I’s CCS engineering and construction joint venture with Japan-based Chiyoda Corp. and Italy-based Saipem.
A liquefied natural gas (LNG) tanker operated by Energy Advance Co., a unit of Tokyo Gas Co., is moored at the company's Sodegaura plant in Sodegaura City, Chiba Prefecture, Japan, on Thursday, March 22, 2012. (Tomohiro Ohsumi/Bloomberg)

Texas LNG export project quickly advances with new CB&I contracts

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NextDecade contracted with CB&I — both companies are headquartered in The Woodlands — to conduct the front-end engineering and design and to determine the project’s engineering, procurement and construction terms. The terms of the deal are not being released.
(Ty Wright/Bloomberg)

Oil rigs extend losses into 23rd week

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Oil producers found seven more rigs to set aside, as the industry slowdown continued into May.