Oil Field

Upstream news: exploration and production, oil field services
(AP Photo/Matthew Brown)

How oil’s decline could spatter North Dakota

North Dakota’s petroleum industry could see a big tax cut if crude continues to slide, and if that happens, it means the state will be missing out on billions of dollars.  More »
rig_launch

Court OKs $2.86 billion merger between C&J, Nabors unit

C&J Energy’s shareholders shouldn’t have been barred by a judge from voting on whether to approve the deal with Houston- based Nabors, the Delaware Supreme Court ruled today.  More »
(Ty Wright/Bloomberg)

2 dead in explosion, fire at Oklahoma oil rig

The explosion occurred around 1 a.m. on the deck of a rig about 2 miles west of Coalgate, a community about 100 miles southeast of Oklahoma City.  More »
(Paul White/(AP photo)

The calm before an M&A storm

Upstream oil and gas companies are waiting out volatility in the commodities markets right now, but many are expected be on the hunt for acquisitions after the dust in the crude market settles, according to an analysis by energy consulting firm Wood Mackenzie.  More »
Gas Town Revolt

Texas lawmaker seeks to protect urban drilling

State Rep. Phil King filed a pair of bills this week, cities seeking to ban fracking would need to gain approval from the state attorney general, pay the state to study the financial impact and reimburse the state for any lost tax revenue.  More »
(Houston Chronicle)

Marathon Oil will cut more than $1B from 2015 budget

Marathon Oil Corp. will spend about 20 percent less looking for and producing oil next year, the company said on Thursday.  More »
(Eddie Seal/Bloomberg)

More than 500 rigs may shut down as oil slides, analysts say

Rigs could begin to see less work starting early next year, following a 40 percent drop in the number of new U.S. drilling permits issued from October to November.  More »
(AP Photo/The Shreveport Times, Douglas Collier)

Out-of-control gas well keeping 25 families out of homes

The Monroe County well had been temporarily plugged while work was being done elsewhere onsite.  More »
(AP file photo)

Houston company loses control of gas well in Ohio

The company evacuated field personnel and residents in the area.  More »
(Eddie Seal/Bloomberg)

Goodrich pares spending plans, considers selling Eagle Ford assets

In the first half of next year, Goodrich will explore “strategic alternatives” for all or a portion of its Eagle Ford acreage to give the company greater flexibility to expand development under better market conditions, the company said in a release Wednesday.  More »
(Eddie Seal/Bloomberg)

EIA: US production to increase 115K barrels in January

Next month’s total will be nearly 2,000 bpd more than December’s rise.  More »
ConocoPhillips CEO Ryan Lance speaks to reporters after the company's annual meeting in May at the Omni Hotel in West Houston.  (Collin Eaton/Houston Chronicle)

ConocoPhillips cutting capital spending by 20 percent

The cut reflects lower spending on major projects, several of which are nearing completion.  More »
Last Mile - Final fueling

U.S. rig count grows despite oil price slump

Future output in the U.S. is at risk with oil trading below $80 a barrel.  More »
(Eddie Seal/Bloomberg)

U.S. oil reserves ride production to 38-year high

U.S. proved reserves of crude oil and condensate increased for a fifth consecutive year in 2013 and hit their highest level since 1975, according to the U.S. Energy Information Administration.  More »
NATURAL GAS

Eagle Ford produces billionth barrel

More than 70 percent of that production has occurred in the last two years.  More »
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