Fuel Fix

Roughnecks take a break from working the Peterson Drilling Company rig in Carlsbad, New Mexico, February 26, 2000.  (Photo by Joe Raedle)

Oil price decline shows in Texas permits, completions

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Crude oil production is still rising in Texas, despite lower oil prices this year. June crude oil production averaged 2.43 million barrels daily, up from the 2.16 million daily barrels the state pumped in June 2014, according to the Texas Railroad Commission, the state’s oil and gas regulator. But this year’s price decline for crude

Oil price decline shows in Texas permits, completions

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Roughnecks take a break from working the Peterson Drilling Company rig in Carlsbad, New Mexico, February 26, 2000.  (Photo by Joe Raedle)
Crude oil production is still rising in Texas, despite lower oil prices this year. June crude oil production averaged 2.43 million barrels daily, up from the 2.16 million daily barrels the state pumped in June 2014, according to the Texas Railroad Commission, the state’s oil and gas regulator. But this year’s price decline for crude
(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.
Snehal Desai is the global business director for Dow Water & Process Solutions, based in Edina, Minnesota. He is responsible for developing and implementing growth strategy for DW&PS and leading the 1800 people who work in the business. (Dow)

Guest commentary: World Water Day puts focus on new sustainability challenge

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Water is essential to all of our lives. But Snehal Desai, global business director for Dow Water & Process Solutions, explains that we don’t have to choose between clean water and energy resources.
Categories: Environment
Yellow oil barrels

Oil rises above $99 amid new sanctions on Russia

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The price of oil extended losses Friday as seasonal maintenance of refineries crimps U.S. demand and a stronger dollar makes the commodity more expensive.
Categories: Crude oil, Markets

Natural Gas: The Hostage of History

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On March 25, Senator Landrieu, the new chair of the Senate Energy & Natural Resources Committee will hold a hearing addressing the logjam on exports of natural gas.  That this hearing should even be held is a prime example of the unintended consequences of federal laws that have long since become obsolete. In 1938, Congress […]
Categories: General
Doug Lawler, CEO of Chesapeake, is interviewed before participating in a panel during CERA Week at the Hilton Americas on March 4, 2014, in Houston. ( Mayra Beltran / Houston Chronicle )

CEO: Rock can get Chesapeake out of hard place

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Doug Lawler’s strategy for turning Chesapeake Energy around after a rough spell centers on making the most of what the company already has: great shale positions.
Categories: featured, Shale

Wood Group opens training center in Kenedy

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Wood Group has opened a 16,000-square-foot training facility in Kenedy. The facility will offer educational programs for Eagle Ford Shale workers, focusing on technical competency and health safety and environment. The center includes a training room for 300 people, an instrumentation and electrical lab, a computer-based training lab and a board room. Outside, there’s also […]
Categories: Uncategorized

How much oil wealth does Texas have?

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How much oil and gas wealth is in Texas? You know it’s a bunch, but the Texas Independent Producers and Royalty Owners Association has put a number to it: $140 billion. TIPRO’s latest newsletter includes an analysis from Austin-based Blackbeard Data Services LLC, which says the state has around $140 billion in “petro-wealth” in “proved producing reserves.” […]
Categories: Uncategorized
A Petrohawk Energy natural gas drilling site in the Eagle Ford Shale is shown in September 2009. (Jake Lacey/Houston Chronicle file photo)

Private equity shifts shale strategy as land grab ends

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For KKR & Co. (KKR) and Apollo Global Management LLC (APO), leaders of the biggest shale-field buyouts, the difference between failure and success may come down to 93 days.
Categories: Deals, Shale