Fuel Fix

(Photographer: Eddie Seal, Bloomberg)

Magnum Hunter shares could be de-listed, NYSE says

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A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.

Magnum Hunter shares could be de-listed, NYSE says

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(Photographer: Eddie Seal, Bloomberg)
A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.
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These are the experts drawing battle lines over oil exports

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The cast of experts weighing in on the issue includes former Obama administration officials and military veterans.
Yellow oil barrels

Oil near $99 after China manufacturing drops

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The price of oil fell slightly Monday following a drop in China’s manufacturing.
Categories: Crude oil, Markets
AmeriMex Motor & Controls, LLC CEO, Josh Preuher and colleagues, talks with US Congressman Gene Green, Monday, March 10, 2014 during a tour of the AmeriMex facilities in Houston, Texas. (Todd Spoth)

Hybrid engine uses less fuel while drilling for it

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At a plant east of downtown Houston, a North Carolina company is building hybrid power systems for oil rigs.
Categories: Exploration
Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillips 66 expands area facilities with gaze focused abroad

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Originally built by the U.S. government to process fuel for Allied aircraft during World War II, Phillips 66’s Sweeny plant now is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company.
Categories: featured, Refining
ALCS Citgo Sign

Prosecutors ask $197M fine for CITGO in 2006 spill

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LAKE CHARLES, La. — The Justice Department wants a federal judge to fine Citgo Petroleum Corp. at least $197 million in a Clean Water Act enforcement lawsuit filed in a 2006 oil spill at the company’s Lake Charles refinery. The Advocate reports the Justice Department argued in court filings this month that the legal maximum […]
(Johnny Hanson/Chronicle)

Report: Increased rig demand lifting drillers’ prospects in 2014

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Helmerich & Payne and other early adopters of new rig advances have held an edge over latecomers with older models, but the technology gap is narrowing and a recent upturn in demand may begin leveling the field, according to a report released this week.
Categories: Oil field services
Oil flows out of the top of the transition spool, which was placed into the gushing Macondo wellhead at the site of the Deepwater Horizon oil spill in the Gulf of Mexico in July 2010. AP Photo/BP PLC, File)

Judge rules Anadarko emails don’t show fault in Gulf oil spill

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Anadarko Petroleum Corp. (APC) officials urged BP Plc to drill deeper into the Gulf of Mexico well that caused the worst offshore oil spill in U.S. history even after BP warned that doing so would be unsafe.
Trimac Transportation driver Robert Williams used the liquified natural gas lane to fill his truck at the Flying J truck stop on I-10 East in Baytown Thursday Aug. 23, 2012.(Dave Rossman/For the Chronicle)

Texans boost natural gas use for driving, but not for power

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Texans increased their use of natural gas to fuel cars and trucks in 2013, but reduced its use to power lights and appliances, according to new federal data.