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oil price

An oil well owned an operated by Apache Corporation in the Permian Basin are viewed on February 5, 2015 in Garden City, Texas. (Photo by Spencer Platt/Getty Images)

Oil sinks as shale resilient, Iran deal deadline nears

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U.S. crude fell sharply Monday amid signs that booming American shale plays aren’t yielding much output to the oil slump and as Iran comes closer to clinching a deal that could put its oil back into international markets.
Oil Boom Shifts The Landscape Of Rural North Dakota

Despite dramatic drop in rigs, Bakken’s sweet spots remain attractive

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The Bakken has seen a dramatic decline in horizontal rigs since prices collapsed last year, but the play’s sweet spots remain attractive, especially as oil prices begin to inch upward, a new analysis finds.
(Houston Chronicle: Eric Kayne)

LyondellBasell profits climb 23 percent

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LyondellBasell saw first-quarter profits climb 23 percent as it continued to enjoy access to cheap natural gas despite falling crude prices that have dragged down the prices the company fetches for its refined products and chemicals.
Charif Souki, CEO of Cheniere Energy speaks during an interview. (James Nielsen/Houston Chronicle)

CERAWeek: With ample U.S. gas, LNG export debate is over, Cheniere CEO says

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Companies no longer need to follow Cheniere’s business model and invest billions of dollars to wrestle their way into an increasingly crowded market to sell liquefied natural gas overseas, CEO Charif Souki said Wednesday.
A panel of Middle East experts discusses OPEC's role amid the U.S. shale boom at IHS Energy's CERAWeek conference. (Houston Chronicle)

CERAWeek: OPEC’s not dead, just different

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OPEC no longer has the same stranglehold over oil markets it once had, but it’s wrong to declare the cartel dead, a panel of Middle East experts and analysts said Tuesday.
ConocoPhillips operations in the Eagle Ford Shale in South Texas.

As costs fall, companies may start completing wells again

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Oil companies keeping thousands of barrels of crude off the market by drilling but not completing wells may soon start flooding the market again.
A Noble Energy rig off the south coast of Cyprus in the Mediterranean Sea. (AP Photo/Cyprus Press and Information Office, File)

Noble Energy cuts 220 jobs

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Noble Energy has slashed 220 jobs, the company announced Tuesday, joining a growing list of oil firms trimming their rolls as they struggle to rein in spending amid falling oil prices.
Russell Ashford welds a stainless steel exhaust pipe for a turbine engine at Turbine Power Technology Monday, Feb. 25, 2013, in Franklin, La. ( Brett Coomer / Houston Chronicle )

Texas manufacturers are blaming oil prices for March’s production slump

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Production tumbled into negative territory in March for the first time in nearly two years, pointing to a contraction in factory activity.
Deepwater Gulf of Mexico projects are more resilient to short-term price swings, a new report finds.

Gulf of Mexico drills keep spinning despite oil price plunge

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The flurry of drilling may be slowing on land because of falling oil prices, but production in the Gulf of Mexico shows no signs of slowing down, a new report finds.
Ryan Lance, chairman and CEO of ConocoPhillips, addresses the audience during the Geopolitics of Natural Gas at Rice University, Friday, Feb. 21, 2014, in Houston. (Marie D. De Jesús/Houston Chronicle)

ConocoPhillps slashes spending plans for coming years

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The largest independent producer of oil and gas had been signalling plans to spend an average of $16 billion per year, but earlier this year, the company whittled its 2015 capital expenditure budget by $2 billion to $11.5 billion.