Fuel Fix

(Helge Hansen / Statoil)

Chesapeake ups payment amount in leaseholders suit

A subsidiary of energy giant Chesapeake Energy is increasing the amount it will pay to settle a federal lawsuit over natural gas drilling royalties for Pennsylvania landowners.  More »
(Eddie Seal/Bloomberg)

Fewer workers expected at the oil patch next year, lodging firm says

An oil field lodging company’s job cuts in North America is the latest harbinger of a downturn and a dwindling number of inhabitants in Texas and North Dakota’s oil patches.  More »
U.S. Oil Rigs Increase Exploration, Defying Predictions

Feds offer guidance to would-be oil exporters

Oil processed in distillation towers is broadly okay for export, according to the new guidance document from the Commerce Department. But oils that are simply run through heater treaters are still ensnared by the 39-year-old ban on crude exports.  More »

U.S. Oil Rigs Increase Exploration, Defying Predictions

Vertical rigs dropped first as producers pull back

Baker Hughes data shows the rig count falling across the board, but with the sharpest falloff in vertical rigs.  More »
steve page 12

Southwestern’s CEO confident in natural gas

Despite sliding natural gas prices, Southwestern Energy chief executive Steven Mueller is confident in the direction of his Houston-based business.  More »
Ryan Sitton (Smiley N. Pool / Houston Chronicle)

New Texas oil regulator steps down from oil firm

The regulator, Ryan Sitton, will be sworn in next week to join the three-member board of the Texas Railroad Commission. Though he did not specify a date, he said he will resign as chief executive of the company, Pinnacle Asset Integrity Services, placing his ownership stake in a blind trust.  More »
(AP Photo/Gerald Herbert, File)

Texas law firm target of BP lawsuit

Gulf Coast businessmen Scott Walker, Kirk Ladner and Steve Seymour, who is also a Hancock County supervisor, filed the lawsuit in October in U.S. District Court in Gulfport, Mississippi.  More »
Brazil's President Dilma Rousseff (L) shakes hands with workers of Brazilian state-run oil giant Petrobras at Petrobras's shipyards in Rio de Janeiro, on September 11, 2013. AFP PHOTO/VANDERLEI ALMEIDA        (Photo credit should read VANDERLEI ALMEIDA/AFP/Getty Images)

Brazil, Roiled by Petrobras Probe, Makes for World’s Most Volatile Equities

The rallies and routs in Sao Paulo, including two bear markets and a 38 percent surge in between, were more extreme than in nations including Nigeria and Israel.  More »

Texas gasoline prices near $2

Across the nation, U.S. drivers are gas stations are averaging $2.27 per gallon.  More »
(AP Photo/Matthew Brown)

Bakken Club gets evicted as oil plunge tests shale boom

The club owed $21,598 for rent plus $1,329.90 in late fees, the landlord, On The Spot Development LLC, said in a Nov. 25 complaint.  More »
Drilling rigs operate in the North Sea. (Simon Dawson/Bloomberg)

BP turns on oil flow at North Sea field

The Kinnoull field at its peak should be able to flow 50,000 barrels of crude a day, the British oil giant said Tuesday.  More »
Photographer: Abdullah Doma/AFP/Getty Images

Guard of Libyan oil ports calls in strikes on Islamist militias

The fighting last week marked a turning point in the unrest that followed Muammar Qaddafi’s 42-year rule.  More »
U.S. Oil Rigs Increase Exploration, Defying Predictions

Oil-field lodging company slashes jobs, curbs spending

Houston oil-field lodgings company Civeo Corp. said it has slashed its workforce in the United States by 45 percent and in Canada by 30 percent as it prepares for weaker occupancy rates at its oil-field camps next year.  More »
Southwestern Energy chief executive Steven Mueller at a drilling rig near Wonderview, Ark. (Stephen Thornton/The New York Times)

Southwestern — unlike peers — plans to boost 2015 spending

Firms like Continental Resources, Apache Corp., ConocoPhillips and Marathon Oil have all announced big cuts this winter to their planned capital expenditures.  More »
(Brittany Sowacke/Bloomberg)

Oil prices fall to five-year low; 250,000 jobs at stake in 8 states

Manufacturers across Texas, as well as hotels and restaurants in the bustling rural oil towns in the western and southern corners of the state, could feel pain from declining oil prices before other industries.  More »
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