Oil Field

Upstream news: exploration and production, oil field services
NATURAL GAS

Cabot’s profits soar 44 percent on climbing production

The Houston energy producer posted record high production thanks largely to its footprint in the Marcellus Shale and Eagle Ford Shale.  More »
Kurdistan_prepping WRUs

Houston co. invents wireless device to map underground oil and gas

Wireless Seismic could be a game changer in the way companies obtain critical seismic data.  More »
(Jerry Lara/San Antonio Express-News)

Oil rout goes unnoticed in Eagle Ford shale

U.S. benchmark West Texas Intermediate oil has dropped 24 percent from its June high, but oil workers in the Eagle Ford shale can’t help but feel optimistic.  More »
tesoro

Tesoro Logistics buying QEP’s gas processing business

Tesoro Logistics LP agreed to buy QEP Resources natural-gas gathering and processing business for $2.5 billion in cash to expand in the Rocky Mountain region and North Dakota.  More »
( Jay Pickthorn/AP/Statoil).

Oil rigs slump by most in two months after prices slide

Rigs targeting oil in the U.S. fell by the most in two months as producers curbed drilling following the biggest price rout since 2012.  More »
FRACKING SAND

Eagle Materials drills further into energy sector with acquisition

Eagle Materials is moving further into the energy sector by buying a company that sells an ingredient crucial to the hydraulic fracturing process.  More »
permian basin

Shale boom tested as plummeting prices threaten U.S. drillers

More supply from hydraulic fracturing and horizontal drilling, and less demand, are contributing to the tumble in West Texas Intermediate crude.  More »
A jar holding wastewater from hydraulic fracturing is held up to the light at a recycling site in Midland, Texas. (AP Photo/Pat Sullivan)

American Water Works CEO says company could provide fracking services

The largest publicly traded water utility in the U.S. is in discussions about providing additional services to fracking companies.  More »
Aerial photo of a well pad in southwestern Pennsylvania. (Photo courtesy Dana Caulton)

Record $4.5M fine pursued against gas driller

The fine is over what Pennsylvania environmental regulators describe as a major case of pollution from a leaking waste pit.  More »
spot-tailed earless lizard

Endangered species in Eagle Ford Shale gets help from UT group

The rare creature’s likely habitat includes large swaths of the Eagle Ford Shale, the prolific oil and gas field south of San Antonio.  More »
In this undated photo, Zach Lamppa poses with an unmanned aircraft in North Dakota. Lamppa hopes to bring drone use to North Dakota's oil fields to monitor pipelines. Currently commercial use of drones is banned by the Federal Aviation Administration but that body has recently granted several exceptions, including oil companies British Petroleum and ConocoPhillips in Alaska. (AP Photo/Energy Intelligence)

Drones could be used on North Dakota oil fields

While the commercial use of drones is largely banned, the Federal Aviation Administration allowed oil giant ConocoPhillips to use unmanned aircraft systems in Alaska’s Prudhoe Bay oil field last year and granted a similar permission to BP there in June.  More »
(Mayra Beltran / Houston Chronicle)

Exxon fracking report responds to shareholders

Under pressure from the corporate responsibility group As You Sow, Exxon agreed earlier this year to reveal more about how it manages the risks involved with the drilling technique, known as fracking.  More »
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