Fuel Fix

(Daniel Acker/Bloomberg)

Wyoming oilmen diversify to survive the bust

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Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.

Wyoming oilmen diversify to survive the bust

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(Daniel Acker/Bloomberg)
Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.
Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)

Anadarko Petroleum cuts dividend 81 percent

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The cut will save the company $450 million annually.
A worker fixes a spot weld, at the main assembly warehouse, at the Baker Hughes facility, Thursday, May 12, 2011 in Tomball, Texas. (Todd Spoth/For the Chronicle)

Baker Hughes loses $1 billion in the fourth quarter

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The company forecasts additional tough times in 2016 as crude prices remain stuck around $30 a barrel.
Wind turbines and oil pumpjack in action Tuesday, Oct. 27, 2015, north of Stanton, Texas.
(James Durbin/Reporter-Telegram)

Texas beats all other states combined in planned wind power growth

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Despite the Lone Star State’s vast number of wind farms already in operation, Texas now counts more than half of the entire nation’s wind growth currently under construction.
Categories: Texas, Wind
An Enterprise fractionator at its Mont Belvieu complex. (Enterprise Products Partners photo)

Enterprise Products cash, profit climbs in fourth quarter

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Enterprise Products Partners generated enough cash in the fourth quarter to pay its dividend 1.3 times over, the company announced Monday.
Categories: General
A sign hangs from a fence at a Kinder Morgan facility at the harbor in Los Angeles, California, August 28, 2006.  (Tim Rue/Bloomberg)

Kinder Morgan to partner with private equity on $3 billion in investment

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The deals would carve off parts of the planned $2 billion Elba Island liquefied natural gas facility and the $1.1 billion Palmetto refined products pipeline.
Categories: Deals, Pipelines
(Spencer Platt/Getty Images)

Texas service industries also feeling sting from oil price crash

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Most business owners that the Fed surveyed indicated they were becoming increasingly pesmistic about the Texas economy in the face of falling oil prices.
Categories: Crude oil, Markets, Texas
Report: Oil falling, but Eagle Ford, Bakken output on the rise

Texas pumps more oil in November, and the Eagle Ford Shale counties stay at the top of the list

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Karnes County is still pumping more crude oil than any other county, with 6 million barrels produced in November.
Categories: Crude oil, Shale
In this March 25, 2014 photo, a worker oils a pump during a hydraulic fracturing operation at an Encana Corp. well pad near Mead, Colo. The first experimental use of hydraulic fracturing was in 1947, and more than 1 million U.S. oil and oil wells have been fracked since, according to the American Petroleum Institute. The National Petroleum Council estimates that up to 80 percent of natural oil wells drilled in the next decade will require hydraulic fracturing. (AP Photo/Brennan Linsley)

Flotek releases report refuting criticism that it manipulated data

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The Houston-based oil field services company launched an investigation of its chemicals and data analysis software after an Australian fund manager in November disputed the accuracy of Flotek’s self-reported results.
Categories: Oil field services

Shaky signs seen in US shale oil industry, while future looks rosy for natural gas

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Thirty-two years after Cyndi Lauper released one of her most popular hits (how scary is that?!), and yep, the weekly EIA inventory report heralds a bearish tone for the crude complex….time after time. Last night’s API report yielded a whopping 11.4 million barrel build to crude stocks, as a combination of planned and unplanned refinery […]
Categories: Crude oil, Shale
(Dean Musgrove/Los Angeles Daily News via AP, Pool, File)

Air regulators sue SoCalGas over months-long well leak

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The South Coast Air Quality Management District sued the utility for creating a public nuisance. The lawsuit, filed in Los Angeles County Superior Court, further contends that “as a result of their negligence, people were injured,” said Kurt Wiese, the agency’s general counsel.
In this Monday, April 7, 2014 file photo, a flag bearing the company logo of Royal Dutch Shell flies outside the head office in The Hague, Netherlands. (AP Photo/Peter Dejong, File)

Shell investors OK acquisition of BG Group

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Shell CEO Ben van Beurden said he was pleased by “the confidence that shareholders have shown in the strategic logic of the combination of Shell and BG.”
Megan Sakkal fills her vehicle with gasoline at the  Shell Station in the 300 block of South Shepherd Drive Tuesday, Aug. 27, 2013, in Houston.
( James Nielsen / Houston Chronicle )

Oil’s drop makes it cheaper to fill up in Houston than Abu Dhabi

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Houston drivers haven’t paid less on average than Abu Dhabi pump prices since 2008, according to data.
Senator Lisa Murkowski, R-Alaska, speaks at a meeting of the Senate Energy and Natural Resources Committee on, Jan. 8, 2015. (Andrew Harrer/Bloomberg)

Murkowski’s energy bill set for senate debate

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The legislation was introduced last summer by Sen. Lisa Murkowski, R-Alaska, chairman of the Senate Committee on Energy and Natural Resources, and Sen. Maria Cantwell, D-Washington.