Fuel Fix

Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

A single oil rig was shut down last week, extending six month decline

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As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.

A single oil rig was shut down last week, extending six month decline

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Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)
As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.
Original byline: Jim Blecha/

Vanguard Natural Resources scoops up smaller Houston rival for $474 million

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The most recent deal comes on the heels of Vanguard’s announcement in April that it will acquire LRR Energy LP for more than $250 million.
Categories: Crude oil, Deals, featured, Shale

A Frank's International crew works on a rig. (Frank's International handout photo)

Frank’s International: A business goes public but keeps family roots

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CEO Donald Keith Mosing spoke with FuelFix about the service company’s roots, its IPO and his family’s legacy.
Driller Paul Allison operates the independent Barrett Brothers Number 1 drilling rig in Presideo County between Alpine and Marfa, Texas.

Texas wildcatters take big risk to strike black gold (photos)

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As oil’s largest corporation have rushed into South Texas to pump millions of barrels out of the Eagle Ford Shale, wildcatters are combing the region’s edges in hopes of striking it big.
Categories: Eagle Ford, featured

Tech Talk – Where to Expect More Oil to Come This Year

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The news that Saudi Arabia is planning to employ 200 drilling rigs next year (up from 20 back in 2005) suggests that there is a recognition that future reserves may not measure up to the planned volumes needed. Plans now include exploration of the sha…
Categories: Uncategorized
Commercial vessels spray water on the fire aboard the West Delta 32 production platform. (Coast Guard photo)

Embassy of the Philippines vows to protect claims of workers hurt in Gulf blast

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Officials from the Philippines vowed to protect the rights and claims of workers from the country who were injured and killed in last year’s fatal Gulf platform blast.

Drumbeat: August 24, 2013

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Nuclear Operator Raises Alarm on Crisis
TOKYO — The operator of Japan’s tsunami-hit nuclear power plant sounded the alarm on the gravity of the deepening crisis of containment at the coastal site on Friday, saying that there are more than 200,000 t…
Categories: Uncategorized
(Photo: Andrew Harrer/Bloomberg)

More died on the job in Texas last year

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Michael Cunningham, executive director of the Texas Building & Construction Trades Council for the AFL-CIO in Austin, hadn’t seen the data but suspects a sizable portion of the increase comes from the surge in oil and gas exploration and production in Texas.

The Way I Saw Things

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I often find myself wondering where my life would be today had I not stumbled across The Oil Drum in 2005. I don’t know that I would still be writing today were it not for my early experiences with TOD readers. As TOD winds down, I thought I’d shar…
Categories: Uncategorized
A member of Exxon Mobil's cleanup crew is reflected in water and oil in a drainage ditch along State Highway 365 in Mayflower, Ark., Monday, April 1, 2013. (AP Photo/Log Cabin Democrat, Courtney Spradlin)

Exxon asks judge to dismiss Ark. oil spill lawsuit

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Attorneys for the Irving, Texas-based company on Friday filed a motion to dismiss the lawsuit that state and federal officials filed in June.
Categories: Pipelines
(Eddie Seal/Texas Tribune)

Pioneer’s ‘well-oiled’ Eagle Ford machine

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Irving-based Pioneer Natural Resources Co.  says it’s operating a “well-oiled machine” in the Eagle Ford now. Pioneer in the second quarter was making around 38,000 barrels of oil equivalent per day in the region, up from 24,000 barrels in the second quarter of 2012, according to a recent investor presentation.
Categories: Crude oil, Eagle Ford
A Keystone XL pipeline protester demonstrates outside of the White House on Wednesday, February 13, 2013. (Olivier Douliery/Abaca Press)

Review of Keystone contractor won’t be done before January

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The investigation of an alleged conflict of interest by a U.S. State Department contractor reviewing the proposed Keystone XL pipeline won’t be complete until January
Categories: General, Keystone XL
A Sanchez Energy drilling site in Fayette County, in the Eagle Ford Shale. (Sanchez Energy)

Oil, gas drilling rigs in U.S. decline by most since March

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The total count declined by 15 to 1,776, the largest drop since March 22, data posted on Baker Hughes Inc.’s website show.
A boat is surrounded by oil near the site of the Deepwater Horizon accident in June 2010. (Smiley N. Pool / Houston Chronicle)

2 of 3 prosecutors who withdrew from Gulf spill case leaving Justice Department

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Two of the three prosecutors that stepped down this week from the case of a former BP engineer charged with obstructing the investigation of the 2010 Gulf of Mexico oil spill are leaving the Justice Department.
Categories: Gulf oil spill
NASA marks South Texas well sites in an aerial photo of Texas at night. (NASA image)

Unconventional oil and gas making U.S. more secure

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Higher oil and gas production and improvements in the resulting impact on the environment has helped lower the United States’ energy security risk by six percent, according to a new report on worldwide energy risks issued Friday.
(AP Photo/Brennan Linsley)

Oil companies and environmentalists ask for changes in feds’ fracturing rule

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Oil companies, environmentalists, hunters and Texas regulators are weighing in on new federal mandates proposed for hydraulic fracturing and drilling on public lands. Here is a sampling of some of the submissions, as the deadline for filing public comments approaches.

Markets: Long of Oil, Short of Helium

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Just as I was about to write about the long side of markets, I read about the latest twists and turns in a fascinating story on the short side of things: a potential global helium shortage. And yes, I fought long and hard against the urge to use a pun in the title…‘helium market deflates’… […]
Categories: Crude oil