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Commentary: The shakeout in US shale

My favorite quote by H.L. Mencken is ‘a cynic is a man who, when he smells flowers, looks around for a coffin‘. A bit morose, I know, but this appeals to the contrarian in me. My second favorite is überly-applicable to US shale oil break-evens: ‘For every complex problem there is an answer that is […]  More »
Rich Kinder, left, chairman and CEO of Kinder Morgan. (Melissa Phillip / Houston Chronicle )

As deadline on proxy vote for major deal nears, Kinder Morgan seeks to sway investors

While Richard Kinder himself is strongly in favor of the deal, a few smaller investors have raised concerns that the move away from the tax-advantaged master limited partnership structure will cause problems.  More »
court_gavel

Grand jury indicts Monahans man for alleged oil theft

If convicted of the three charges, a Monahans man faces up to 20 years in federal prison  More »

Offshore Oil And Gas Operations On The Cromarty Firth Ahead Of The Scottish Referendum

Transocean idles three more rigs, stock falls

Transocean’s fleet of deep-water drilling machines has been under pricing pressure and has faced lower demand amid falling oil prices and a glut in equipment.  More »
(AP Photo/ Louis Lanzano)

Oil falls as investors speculate on OPEC production cut

“There’s an established bearish trend and nothing out there to stand in the way of a further move lower,” Tim Evans, an energy analyst at Citi Futures Perspective.  More »
JAPAN-AVIATION-AIRBUS-ASIA

Report: U.S. airlines stagnate on improving fuel efficiency

The domestic airline industry made no net improvements on fuel efficiencies last year, raising questions about its ability to cut carbon emissions.  More »
(AP file photo)

UN: World not close to avoiding dangerous warming

The report looks at the gap between what countries promise to do about carbon pollution and what scientists say needs to be done to prevent temperatures rising another two degrees. The two-degree level is a goal that world leaders set in 2009.  More »
dollar falling graph

Study: Houston economy can withstand low oil prices

The Texas and Houston economies can both handle significant declines in crude oil prices, according to a new report from financial services firm BBVA Compass.  More »
(AP Photo/Nabil al-Jurani, File)

Iraq’s biggest oil plant to reopen after militants ousted

Iraqi troops will expel the militants from areas near a pipeline supplying the refinery 130 miles north of Baghdad.  More »
Growing concern about water use during hydraulic fracturing prompted the Railroad Commission to adopt new rules for water recycling.  Photo: Daniel Acker/Bloomberg

Water outreach should be a priority for drillers, report says

Oil companies don’t have the best reputations in the communities where they drill, and can be seen as threats to local water supplies.  More »
Sen. Mary Landrieu, D-La., chair of the Senate Energy and Natural Resources Committee, and the Keystone XL oil pipeline bill sponsor, turns from a news conference on Capitol Hill. (AP Photo/Carolyn Kaster)

Senate rejects Keystone XL bill

Republican leaders are vowing to try again once they take over the chamber in January.  More »
Halliburton Baker Hughes

Timeline: History behind Halliburton, Baker Hughes

Halliburton and Baker Hughes each have long histories tied to the beginnings of the oil industry in Texas and Oklahoma.  More »
Sen. John Thune, R-S.D., left, and Senate Minority Whip John Cornyn of Texas, right, listen as Senate Minority Leader Mitch McConnell of Ky., center, speaks during a news conference on Capitol Hill in Washington, Tuesday, Nov. 18, 2014. (AP Photo/Carolyn Kaster)

They’ll be back: Republicans vow to try again on Keystone

GOP leaders have signaled that Keystone XL is one of their top priorities when they take control of the Senate in January.  More »
Adam Sieminski

Five things to know about the U.S. energy landscape

Adam Sieminski, head of the U.S. Energy Information Administration, spoke at 2014 Deloitte Energy Conference in Houston about long-term trends facing the energy sector. Here are five takeaways from his presentation.  More »
Gasoline prices continue to fall and appear to be headed even lower as motorists prepare to hit the roads for Thanksgiving. ( Johnny Hanson / Houston Chronicle )

Gasoline prices fall ahead of Thanksgiving travel weekend

Despite some predictions otherwise, gasoline prices continue to fall and appear to be headed even lower as Americans prepare to hit the roads next week to see their families for Thanksgiving.  More »
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