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

on
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

on
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

on
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

NextGen Vehicle: An Unclear Path

on
Although there is a great deal of hype about the next generation vehicle, thanks to the elaborate marketing of Tesla by its found Elon Musk, the path to that vehicle is not at all clear and its timing less so.  The enthusiasm over these efforts should be tempered by past experience.  Remember the Clinton Administration’s […]
Categories: featured, General, p2
The Syncrude oil sands site, outside of on April 28th, 2015 in Fort McMurray, Canada. Fort McMurray is currently coping with an economic downturn as a result of low oil prices and most of the layoffs have been impacting the transient workforce. Canada's oil and gas industry is expected to lose 37% of its revenues in 2015. (Photo by Ian Willms/Getty Images)

Canada to regulate oil and gas emissions to meet new 30 percent target

on
Under the 2009 Copenhagen Accord, Canada pledged to cut its emissions by 17 percent from 2005 levels by 2020, or reaching 611 megatons, but is on pace to fall well short of its goal.
Categories: Canada, Environment

(Spencer Platt/Getty Images)

Just 38 miles apart, one Texas oil town is still booming and the other is dead

on
For the townspeople of Karnes City, it’s like nothing ever changed: Roughnecks pack into Stripes gasoline station by the dozens to load up on Doritos and Slim Jims at the end of their shift; giant drilling rigs dominate the horizon in all directions; and the roar of tanker trucks and industrial machinery is never-ending.
Categories: Crude oil
Two donkeys run through a pasture in front of wind turbines in Calumet, Okla. (AP File Photo/Sue Ogrocki, File)

Oklahoma Senate moves to eliminate wind tax credits

on
With no debate, the Senate on Friday approved one bill to eliminate a 5-year property tax exemption for wind manufacturers, starting in 2017. Because the state reimburses counties for the revenue lost from the exemption, the cost of the subsidy has skyrocketed with the expansion of wind farms in Oklahoma.
Categories: Politics/Policy, Wind
Work has started to prepare a site in Oklahoma City for a new gas-to-liquids plant that will convert landfill gas into petroleum products. (Envia Energy)

Houston-area companies break ground on landfill gas-to-diesel project

on
Construction will begin soon on the first of a series of gas-to-liquids plants under development by an array of Houston-based companies to produce petroleum products from landfill gas.
Categories: General, Natural gas
FILE - In this April 25, 2014, file photo, Bryant Gobble, left, hugs his wife, Sherry Gobble, right, as they look from their yard across an ash pond full of dead trees toward Duke Energy's Buck Steam Station in Dukeville, N.C. Duke says it will provide bottled water to residents living near coal ash pits in North Carolina. So far, more than 150 residential wells tested near Duke's dumps have failed to meet state groundwater standards. (AP Photo/Chuck Burton, File)

Prosecutors: Duke Energy could have avoided Dan River spill

on
As part of a negotiated settlement with federal prosecutors, Duke agreed to pay $68 million in fines and $34 million on environmental projects and land conservation that will benefit rivers and wetlands in North Carolina and Virginia.
Categories: Accidents, Coal, Electricity
Protesters in kayaks paddle out to meet the Arctic offshore oil rig Polar Pioneer piggybacked atop the cargo deck vessel Blue Marlin as it arrives at Port Angeles, Wash., on  April 17.  (Keith Thorpe/The Peninsula Daily News via AP)

Kayakers protest as Arctic drill rig moors off Seattle

on
The watery protest marked a pivotal moment for an environmental movement increasingly mobilized around climate change, but the scene also suggested how outmatched Shell’s opponents have been as they try to keep the petroleum giant from continuing its $6 billion effort to open new oil and gas reserves in one of the world’s most dangerous maritime environments.
Categories: Arctic, featured, Offshore
The Freeport LNG plant on April 9, 2014 at Quintana, TX.(Thomas B. Shea)

Freeport LNG says it was warned not to sign Chinese customers

on
“Early on in our project, we were quite frankly warned by the Department of Energy that it would not be looked at as politically correct for us to have a large Chinese customer,Chief Executive Officer Michael Smith said.
Categories: Asia, featured, LNG
Representatives from the United Steel Workers Union (USW) hold a rally at the entrance to the Marathon refinery in Catlettsburg, Ky. Saturday Feb. 7, 2015. About 3,800 steelworkers began a strike Feb. 1 at refineries from California to Kentucky, saying that negotiations with Shell Oil Co. had broken down. Shell is negotiating the national contract for other oil companies.   (AP Photo/The Independent, Kevin Goldy)

Marathon workers to vote on labor pact Monday

on
Employees at Marathon’s Galveston Bay Refinery are expected to vote Monday on whether to accept a new contract offer that would  end the strike that began more than three months ago.  The deal was brokered through the help of a federal mediator and comes after union leaders rejected the company’s “last, best and final” contract […]
Categories: Workforce
President Barack Obama speaks to reporters Thursday.  (Photo by Kevin Dietsch - Pool/Getty Images)

Obama says Shell developed high safeguards against Arctic spills

on
The president says he is committed to reducing carbon emissions but that consumers will still need fossil fuels during a transition to other energy sources.
Categories: Arctic

Coastal states launch new bid for offshore drilling dollars

on
Senators from Texas, Alaska and other coastal states have launched a fresh campaign to siphon off more of the revenue that flows to the federal government from offshore drilling.
In this Feb. 5, 2014 file photo, Amy Adams, North Carolina campaign coordinator with Appalachian Voices, shows her hand covered with wet coal ash from the Dan River swirling in the background as state and federal environmental officials continued their investigations of a spill of coal ash into the river in Danville, Va. (AP Photo/Gerry Broome, File)

Duke pleads guilty in federal court for coal ash crimes

on
Prosecutors say the criminal negligence of the nation’s largest electricity company resulted in unlawful pollution at its coal-fired power plants.
The U.S. plastics industry is poised to invest nearly $47 billion in expansions, thanks to the shale boom. (American Chemistry Council)

Report: Shale boom helps plastics industry stage a comeback

on
The U.S. plastics industry is mounting a comeback thanks to a surge of cheap, abundant natural gas that’s providing the nation with a competitive advantage over other countries for the first time in years, a new report finds.
Categories: General
(Jim Wilson/The New York Times)

Shale tech could squeeze 141 billion barrels from oil fields outside the US

on
Adapting the technology that powered the shale oil boom in Texas to the deserts of Saudi Arabia and elsewhere could free 141 billion barrels of crude, research firm IHS said Thursday.
EAGLE FORD SLUMP 22 JL

Most U.S. energy executives are changing their business models to cut costs

on
KPMG found that 56 percent of U.S. energy executives surveyed plan to change their business models in the face of lower-priced oil, although they remain optimistic about the industry.