Fuel Fix

Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)

Exxon Mobil earnings fall 52 percent

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Categories: Crude oil, featured
Lower prices cost oil and gas giant Exxon Mobil’s upstream business $4.5 billion, the company said.

Exxon Mobil earnings fall 52 percent

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Categories: Crude oil, featured
Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)
Lower prices cost oil and gas giant Exxon Mobil’s upstream business $4.5 billion, the company said.
(Photographer: Andrey Rudakov/Bloomberg)

Shell to ax thousands of jobs amid $7 billion in spending cuts

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The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said that “today’s oil price downturn could last for several years.”

An Exterran Partners midstream compressor. (Exterran)

Exterran to buy Chesapeake assets for $360M

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Natural gas services contractor Exterran Partners said Friday it plans to buy hundreds of midstream compression units from Chesapeake Energy for $360 million.
Categories: Deals, Natural gas
A few feet away from the train tracks that split Luling, a pump jack showcases a cow jumping over the moon. (Todd Wiseman/TexasTribune.org)

Tapped-out Texas oil town turns old wells into art

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Wells are scattered across Luling’s backyards, churches, restaurants and gas stations. But rather than asking visitors to avert their eyes, officials here want folks to take notice. They have commissioned art on more than a dozen functioning pump jacks along the town’s main strip.

A Turbulent Winter For Jet Fuel

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2014 thus far has been more turbulent than usual for the US crude complex, as wickedly wintry weather has shaken up both supply and demand for the products like a snow globe (probably a bad turn of phrase). Just as gasoline demand has hit the brakes and heating oil demand has been simmering, the jet […]
The sun sets on a drilling rig in Frio County, Texas.  (Jerry Lara/San Antonio Express-News)

Drillinginfo looks at the Eaglebine, Pearsall

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Activity in the Eaglebine and Pearsall shales has been booming. But 2014 will bring even faster growth to the Texas drilling regions, researchers say.
Categories: Shale
Calpine Corp.'s Guadalupe Energy Center combined-cycle power plant. (Calpine Corp. photo)

Calpine buys San Antonio-area power plant for $625 million

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Houston-based Calpine Corp. has added a Guadalupe County power plant to its fleet of nearly 100 in the U.S. and Canada.
Categories: Electricity, General

Economist: Best shale acreage already in play

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A Houston energy economist predicts that shale fever is about to ebb, and the industry soon will be looking to offshore fields for reliable and lucrative investment payoffs. Familiarity with the Gulf of Mexico will lure producers after years of fighting concerns of landowners and environmentalists over hydraulic fracturing in shale plays nationwide, said Michelle […]
Categories: Uncategorized
(Fotolia)

Texas electricity demand growing slower than once thought

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Electricity use during the summer peak times is increasingly less quickly than once thought, according to a report released Friday morning by the grid managers for most of Texas.
Categories: Electricity