Fuel Fix

Original byline: Jim Blecha/

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

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Categories: Crude oil, Deals, featured, Shale
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.

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

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Categories: Crude oil, Deals, featured, Shale
Original byline: Jim Blecha/
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.
Marathon Bakken drilling

‘Shale-ionaires’ suffering from wave of bankrupt oil drillers

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A rebound in oil prices that bottomed near $44 a barrel in March has provided some relief to stronger companies that have been able to compensate with cost cuts and more efficient operations. For many smaller, cash-strapped producers, current prices of almost $60 still aren’t enough to make ends meet compared to the $100-plus prices seen during the boom days.
Categories: featured, Shale

A worker checks the valve of a gas pipe at a natural gas plant in Suining, in southwest Sichuan province. AFP/Getty Images

China fracking quake-prone province shows zeal for gas

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China won’t let earthquakes hinder its quest for energy.
President Barack Obama gestures during a speech on climate change at Georgetown University on Tuesday, June 25, 2013, in Washington. (AP Photo/Evan Vucci)

Fact check: Obama understates Keystone XL jobs

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President Barack Obama has revived debate about the number of jobs that would be created by the proposed Keystone XL oil pipeline from Canada to Texas. The 1,700-mile pipeline would carry oil from tar sands in Alberta to refineries in the Houston area, passing through Montana, South Dakota, Nebraska, Kansas and Oklahoma.

A cleaning vessel clears the oil after about 50 tons of crude oil leaked from a pipe and spilled into the sea off Rayong province, eastern Thailand. The oil spill that leaked from a pipeline, operated by a subsidiary of state-owned oil and gas company PTT Plc, has reached a popular tourist island in Thailand's eastern sea despite continuous attempts to clean it up over the weekend, officials said Monday. (AP Photo/The Nation-Atchara)

Energy giant slammed for oil spill in Thai sea

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Critics are slamming Thailand’s state-owned oil and gas company for its allegedly inefficient response to an oil spill that polluted a tourist island.
Categories: Accidents
Peter Voser, Chief Executive of Royal Dutch Shell speaks during a press conference in London in 2010. Peter Voser will retire next year. (BEN STANSALLBEN STANSALL/AFP/Getty Images)

Shell profit declines 20% on Nigeria, U.S. shale charges

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Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, said second-quarter earnings fell 20 percent on Nigerian output disruptions and charges related to its North American shale assets.
Categories: Finance/Earnings
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake reports lower profit as selling spree winds down

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Chesapeake Energy Corp., the U.S. natural gas producer that hired a new chief executive officer in June, posted a quarterly profit that trailed the year-earlier result as the pace of asset sales slowed.
Categories: Finance/Earnings
CENTERPOINT ENERGY, INC. ENABLE MIDSTREAM PARTNERS LOGO

CenterPoint, OGE partnership dubbed Enable Midstream Partners

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The principal office for the executive management team is expected to be in Oklahoma City. The main offices for the gathering and processing leadership team will be in Oklahoma City, while the main offices for the interstate pipeline operations will be in Houston.
(AP file photo/Grand Forks Herald, Eric Hylden)

Study: Gas leaks cost Mass. consumers $1.5B

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A congressional study estimates that leaky natural gas pipelines have cost Massachusetts consumers up to $1.5 billion over the last decade
Categories: Natural gas

Energy Products: Return on Investment Is Already Too Low

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My major point when I gave my talk at the Fifth Biophysical Economics Conference at the University of Vermont was that our economy’s overall energy return on investment is already too low to maintain the economic system we are accustomed to. That is …
Categories: Uncategorized
Photo: Timothy A. Clary/AFP/Getty Images

Deepwater Wind LLC wins auction for first U.S. offshore wind leases

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The closely held company, which is backed by the hedge fund D.E. Shaw & Co., plans to put 200 turbines in the water with a capacity of 1,000 megawatts, according to a statement. Construction could begin in 2017, and power production in 2018, the Providence, Rhode Island-based company said.
Categories: Electricity, General, Wind
George P. Mitchell, Chairman and CEO of The Mitchell Family Corporation, photographed in his downtown Houston office.  (Nick de la Torre/Houston Chronicle file photo)

George Mitchell honored on floor of U.S. House

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U.S. Rep. Randy Weber, R-Friendswood, honored George Mitchell, who died Friday at the age of 94, on the floor of the U.S. House of Representatives.
Think he'll read my "Top Ten" list on the air? (photo:  www.imdb.com)

Commentary: Ten reasons I love my career in oil & gas

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Everything I participate in, from work, to school, to this column, to “The Way Ahead”, to get-togethers with my friends and the conversations I have with my family, involves oil & gas. From the moment I wake up, to the moment I go to sleep, I deal with oil & gas, and it’s been that way for nearly six years (and counting!). It’s time consuming, it’s exhausting, but I love it. It’s a part of my identity and my level of involvement is a choice I make consciously, by myself, and it’s one I’m proud of.
pemexlogo

Mexico opposition party seeks legislation for Pemex to sell shares

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The changes would require additional legislation to enable a “small” share sale, said Salvador Vega, the party’s top member on the Senate Energy Committee. The proposal would also break the monopoly on electricity generation and distribution held by state power company Comision Federal de Electricidad.
Categories: General
(AP Photo/Brennan Linsley)

GOP advances bill to block federal fracturing rules

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The House Natural Resources Committee on Wednesday approved legislation that would effectively block the federal government from regulating the hydraulic fracturing process that is unlocking previously unrecoverable supplies of gas and oil.
(James Nielsen/Houston Chronicle)

Halliburton to plead guilty in spill case on Sept. 19

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Halliburton Energy Services has been arraigned on a charge that the Houston-based company destroyed evidence following BP’s 2010 oil spill in the Gulf of Mexico.
Categories: Gulf oil spill
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AAA: Gas prices jumped in July; Aug. could rise higher

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Gasoline prices jumped 14 cents per gallon in July, making this the third most expensive summer driving season so far, according to AAA.
Categories: Gasoline