Fuel Fix

A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake Energy rebounds after denying bankruptcy plans

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The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.

Chesapeake Energy rebounds after denying bankruptcy plans

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A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)
The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.
Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT

National gasoline average now below $1.75 a gallon

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Prices at the pump are currently at their lowest prices in seven years courtesy of bountiful supply and cheap costs of crude oil
Categories: Consumers, featured, Gasoline

This Nov. 3 file photo provided by Southern California Gas Co., shows equipment being used as SoCalGas crews and technical experts attempt to stop the flow of natural gas leaking from a storage well at the utility’s Aliso Canyon facility. (Javier Mendoza/SoCalGas via AP)

Huge natural gas leak in Los Angeles still months from fix

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Officials with Southern California Gas Co., which operates the Aliso Canyon Underground Storage Facility, estimate the new wells may not be finished until the end of February, or even later.
Categories: General, Natural gas
The sun sets in the Uruguayan province of Durazno. (Photo: Esteba Fort)

Uruguay bailing out troubled state oil company

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Uruguay’s congress has approved an $872 million aid package for the country’s debt-ridden state oil company.
Categories: Crude oil
A Swift Energy Co. production facility in Lake Washington off the Louisiana coast. (Swift Energy Co.)

Swift Energy becomes 40th North American driller in bankruptcy

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Swift Energy Co. has become the latest U.S. shale driller to succumb to the brutal downturn in crude prices, seeking Chapter 11 bankruptcy.
(Photo: Fotolia)

Enbridge settles pipeline dispute with Red Lake for $18.5M

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Enbridge Energy will pay the Red Lake Nation in northern Minnesota $18.5 million to settle a nearly decade-long dispute over unauthorized use of a small parcel of tribal land.
Earthquake2-DaveSchumaker-flickr

Magnitude 4.2 earthquake hits north of Oklahoma City

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The Oklahoma Corporation Commission issued a statement Friday saying its Oil and Gas Division staff is taking action in response to the earthquakes in Edmond and that details should be available Monday.
Categories: Crude oil, General
Crews dig up land at a saltwater spill site near Blacktail Creek outside Williston, N.D., in January 2015. (AP Photo/Williston Herald, Zack Nelson)

North Dakota county objects to lowered fine in pipeline spill

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Regulators believe the ruptured pipeline had been leaking unnoticed for three months.
Liquefied natural gas export terminals at   Cheniere Energy's Sabine Pass facility.   (Cheniere Energy photo)

First U.S. shale gas export terminal reportedly starts production

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Cheniere Energy is receiving about 50 million cubic feet of the fuel a day, chilling it into LNG at the Sabine Pass terminal and storing it in tanks before the first export, says an ING Capital official.
Categories: LNG, Natural gas
oil price vs oil stocks

Gasoline prices cap year of declines at $1.99

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The price this Dec. 31 will cap off a year when plummeting crude oil prices, which have now fallen nearly 30 percent for all of 2015, also dragged down gasoline prices to their lowest since the Great Recession.
Categories: Crude oil, Gasoline
Oil wells in the Franja del Orinoco region of Venezuela (Houston Chronicle)

These are the energy stories Houston cared about in 2015

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With crude prices stuck firmly below $40 a barrel, and energy companies predicting another austere year in 2016, here’s a look back at some of the most popular stories that appeared on FuelFix.com this year.
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 )

How much money you saved on gas in 2015

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The Saudis are tightening their belts this year which can mean only one thing: you’re saving a bucket load on gasoline.
Categories: Consumers, Gasoline
In search of natural gas, Jacob Spraggins with Helmerich & Payne works on a drill in the Piceance Basin on the western slope of the Rocky Mountains, Monday, June 22, 2009, in Rio Blanco County. (Johnny Hanson / Chronicle)

Total U.S. rig count dips below 700 for first time since 1999

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The year fittingly ended with the oil rig count declining by two rigs for a 2015 defined by energy austerity as the price of oil plummeted beginning in the latter half of 2014, according to weekly data released by oil field services firm Baker Hughes.
Dump trucks loaded with oil sands drive through the Suncor Energy Inc. mine in this aerial photograph taken near Fort McMurray, Alberta, Canada, on Thursday, June 4, 2015. (Ben Nelms/Bloomberg

Union: nearly 600 layoffs in works at Murray Energy mines

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The United Mine Workers of America said Thursday that 532 of the planned layoffs would occur at five Murray mines in northern West Virginia. About 82 to 125 miners would lose jobs at each mine.
Categories: Coal, Workforce