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Oil rises again on Chinese interest rates

WTI for January delivery advanced 66 cents to settle at $76.51 a barrel on the New York Mercantile Exchange  More »

Feds accuse three in alleged scheme to steal Eagle Ford Shale oil

Federal authorities this week said that three men schemed to steal Eagle Ford Shale oil from energy companies Anadarko Petroleum Corp. and Newfield Exploration Co. A federal indictment alleges that the men devised a scheme to use wastewater vacuum trucks over a two-and-a-half-year period to steal oil stored in tanks on ranches. Instead of loading […]  More »

Lewis Energy wins Employer of the Year honor

San Antonio-based Lewis Energy Group was named the Employer of the Year by the Texas Workforce Commission. The commission is holding its 18th Texas Workforce Conference this week in Grapevine. Lewis has an operations center in Encinal in La Salle County that has grown from 200 employees to 1,200 in two years. The company expects to hire another […]  More »

Navitas announces pipeline for northern edge of the Eagle Ford

The Woodland-based Navitas Midstream Partners LLC this week announced a long-term, fee-based agreement to provide gathering and processing services in the northeastern part of the Eagle Ford Shale. Navitas did not identify the producer it’s working with in Brazos and Grimes counties. Navitas will build the La Bahia system, a 20-inch gathering line that will […]  More »

Eagle Ford helps boost bond ratings

The nearby Eagle Ford Shale appears to be helping San Antonio and nearby cities keep their bond ratings high. Among the factors listed by the ratings agency Fitch, which assigned the AAA status to several San Antonio bonds, was the Eagle Ford oil play. The AAA bond-rating status allows the city to sell its bonds […]  More »
Yellow oil barrels

Oil price has its first gain in four days

WTI for January delivery, the most-actively traded, rose $1.35, or 1.8 percent, to $75.85 a barrel on the New York Mercantile Exchange.  More »

West Texas man indicted for alleged oil stealing scheme

From Midland Reporter-Telegram staff reports A federal grand jury in Midland on Wednesday indicted a Monahans man in connection with a scheme to steal oil with an estimated value of $58,000, according to a press release from Robert Pitman, U.S. attorney for the Western District of Texas. The indictment charges David Wayne Schroeder, 33, with […]  More »

BBVA Compass: Texas can weather oil dips better than in 1980s

U.S. consumers get a pocketbook boost when oil prices – and gasoline prices – take a dip. What would happen in Texas, though, if crude oil prices crash? More than 900 drilling rigs were working in Texas last week, according to the Baker Hughes Rig Count – about a quarter of all rigs worldwide. Despite […]  More »
(AP Photo/ Louis Lanzano)

Oil falls as investors speculate on OPEC production cut

“There’s an established bearish trend and nothing out there to stand in the way of a further move lower,” Tim Evans, an energy analyst at Citi Futures Perspective.  More »

Pipeline from the Eagle Ford Shale to Mexico opens

A new pipeline project to move Eagle Ford Shale natural gas into Mexico’s growing energy market has opened. NET Mexico Pipeline Partners LLC announced today that construction of its 120-mile pipeline is complete and ready to export natural gas to Mexico. Although Mexico has vast natural gas reserves, it hasn’t been able to develop them […]  More »
Maria das Graças Silva Foster, CEO of Petrobras

Petrobras to create department to fight corruption

Around two dozen people including a top company executive, were arrested late last week.  More »

LNG project in Corpus Christi gets $1 billion in funding

RRJ Capital II Ltd. will invest $1 billion in the Corpus Christi natural gas export plant planned by Houston-based Cheniere Energy Inc. Investment funds managed by RRJ will purchase $1 billion in convertible notes to be used toward the development and construction of the Corpus Christi Liquifaction Project. The plant will chill natural gas into […]  More »

EIA: Eagle Ford to make 1.65 million barrels daily in December

The Eagle Ford Shale will make an estimated 1.65  million barrels of oil per day in December, an increase of about 36 percent in the last year, according to a new report from the U.S. Energy Information Administration. The South Texas field has roughly doubled production over the last two years. Last December, the Eagle Ford produced around […]  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 »

State, energy groups to fight Denton fracking ban

Denton residents overwhelmingly approved a ban on hydraulic fracturing inside the city limits this week, and state agencies and the oil and gas industry are not amused. On Wednesday, mere hours from when polls closed, the Texas Oil & Gas Association and Texas Land Commissioner Jerry Patterson filed separate lawsuits in different counties. TXOGA sued in […]  More »
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