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

on
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

Lululemon bent out of shape over recall

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Sportswear brand says it did not test how its yoga pants looked when wearers bent over before shipping millions of pairs that were too sheer
Categories: Uncategorized

Advertisers tune in to YouTube ‘Generation C’

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Tech-savvy 18 to 34-year-olds drive YouTube growth, making the video site one of their primary daily destinations
Categories: Uncategorized

Eurozone economic downturn deepens

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Initial reading of purchasing managers’ index for March is much weaker than expected, indicating gloom was setting in before the Cyprus crisis erupted
Categories: Uncategorized
Sapphire Energy's algae farm in Columbus, N.M.(Sapphire Energy)

Tesoro to buy ‘green’ crude oil

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San Antonio-based refiner Tesoro Corp. has agreed to purchase algae-derived “green” crude oil that will be made into diesel fuel at its West Coast refineries.
Categories: Crude oil, Refining
Oil wells in the Midway-Sunset oil field in Fellows, Calif. (Jim Wilson/The New York Times)

California bills could delay fracking

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Fracking for oil and natural gas in California could slam to a halt, at least temporarily, under legislation circulating in Sacramento.
Baker Hughes employees work at a drill site. (Houston Chronicle)

Honghua seeks China shale gas asset, expansion with Baker Hughes

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Honghua Group Ltd. (196), China’s biggest oil-drilling equipment exporter, is seeking to expand exploration services with U.S. partner Baker Hughes Inc. (BHI) and acquire a shale gas asset in China, Chairman Zhang Mi said.
Categories: Natural gas, Shale
A oil transit pipeline runs across the tundra on Alaska's North Slope. (AP Photo/Al Grillo, File)

Senate passes overhaul of oil tax structure

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A divided state Senate late Wednesday passed an overhaul of Alaska’s oil tax structure, amid fears it will blow a hole in the state budget and give too much to oil companies with no guarantees.
(Flickr/SalFalko)

Pennsylvania judge orders records opened in fracking case

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A Pennsylvania judge, handing a victory to local media and health groups, ordered documents unsealed in a settlement between gas-drillers and homeowners who accused the companies of contaminating their water.
(Image: Flickr/pawpaw67)

Tribe: Nevada coal plant falsified pollution data

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Representatives of an Indian tribe fighting to force the closure of a coal-fired power plant outside Las Vegas said Wednesday they uncovered evidence that from 2006 to 2011, the state’s dominant electric utility submitted “phony” reports to the state about pollution levels near the plant, and avoided any penalty when the problem was discovered.
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

NY appeals court to consider local fracking bans

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A state appeals court was to hear two cases that pit the right of towns to control land use through zoning against the drilling industry and landowners who say state law trumps local authority when it comes to oil and gas development in New York.

AstraZeneca to cut 5,000 jobs by 2016

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Anglo-Swedish pharmaceutical group says it will take a $2.3bn charge to cover costs of reducing its headcount ahead of an investor day on Thursday
Categories: Uncategorized

S Korean hacking attack traced to China

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Korean broadcasting regulator says it has traced the source of a hacking attack that affected 32,000 computers to a Chinese internet address
Categories: Uncategorized

Australia PM survives leadership test

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Julia Gillard calls snap leadership ballot but main rival Kevin Rudd, a former leader of the party, decides against contesting the post
Categories: Uncategorized

YouTube reaches billion users milestone

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YouTube matches similar milestone reached by Facebook last October, but rapid growth is raising questions about the costs involved in running the video site
Categories: Uncategorized
(Bill Montgomery/Houston Chronicle)

State House OKs electric market cost-benefit measure

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A measure requiring cost-benefit analysis of regulatory moves affecting the state power market is part of legislation reauthorizing the state Public Utility Commission
Categories: Electricity