Fuel Fix

A Paragon Offshore rig working in the North Sea. (File photo/Paragon Offshore)

Paragon Offshore reaches creditor deal for bankruptcy filing

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Under the plan, the oil services provider will be able to reduce more than $1.1 billion of debt and loosen some covenants, the company said.
( Johnny Hanson / Chronicle )

Rig count tumbles again

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Categories: Crude oil, featured

Paragon Offshore reaches creditor deal for bankruptcy filing

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A Paragon Offshore rig working in the North Sea. (File photo/Paragon Offshore)
Under the plan, the oil services provider will be able to reduce more than $1.1 billion of debt and loosen some covenants, the company said.
( Johnny Hanson / Chronicle )

Rig count tumbles again

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The total rig count, which when including natural gas rig fell by 30, now stands at 541.
Categories: Crude oil, featured
Driller Paul Allison operates the independent Barrett Brothers Number 1 drilling rig in Presideo County between Alpine and Marfa, Texas.

Texas wildcatters take big risk to strike black gold (photos)

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As oil’s largest corporation have rushed into South Texas to pump millions of barrels out of the Eagle Ford Shale, wildcatters are combing the region’s edges in hopes of striking it big.
Categories: Eagle Ford, featured

Tech Talk – Where to Expect More Oil to Come This Year

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The news that Saudi Arabia is planning to employ 200 drilling rigs next year (up from 20 back in 2005) suggests that there is a recognition that future reserves may not measure up to the planned volumes needed. Plans now include exploration of the sha…
Categories: Uncategorized
Commercial vessels spray water on the fire aboard the West Delta 32 production platform. (Coast Guard photo)

Embassy of the Philippines vows to protect claims of workers hurt in Gulf blast

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Officials from the Philippines vowed to protect the rights and claims of workers from the country who were injured and killed in last year’s fatal Gulf platform blast.

Drumbeat: August 24, 2013

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Nuclear Operator Raises Alarm on Crisis
TOKYO — The operator of Japan’s tsunami-hit nuclear power plant sounded the alarm on the gravity of the deepening crisis of containment at the coastal site on Friday, saying that there are more than 200,000 t…
Categories: Uncategorized
(Photo: Andrew Harrer/Bloomberg)

More died on the job in Texas last year

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Michael Cunningham, executive director of the Texas Building & Construction Trades Council for the AFL-CIO in Austin, hadn’t seen the data but suspects a sizable portion of the increase comes from the surge in oil and gas exploration and production in Texas.

The Way I Saw Things

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I often find myself wondering where my life would be today had I not stumbled across The Oil Drum in 2005. I don’t know that I would still be writing today were it not for my early experiences with TOD readers. As TOD winds down, I thought I’d shar…
Categories: Uncategorized
A member of Exxon Mobil's cleanup crew is reflected in water and oil in a drainage ditch along State Highway 365 in Mayflower, Ark., Monday, April 1, 2013. (AP Photo/Log Cabin Democrat, Courtney Spradlin)

Exxon asks judge to dismiss Ark. oil spill lawsuit

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Attorneys for the Irving, Texas-based company on Friday filed a motion to dismiss the lawsuit that state and federal officials filed in June.
Categories: Pipelines
An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)

Pioneer’s ‘well-oiled’ Eagle Ford machine

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Irving-based Pioneer Natural Resources Co.  says it’s operating a “well-oiled machine” in the Eagle Ford now. Pioneer in the second quarter was making around 38,000 barrels of oil equivalent per day in the region, up from 24,000 barrels in the second quarter of 2012, according to a recent investor presentation.
Categories: Crude oil, Eagle Ford
A Keystone XL pipeline protester demonstrates outside of the White House on Wednesday, February 13, 2013. (Olivier Douliery/Abaca Press)

Review of Keystone contractor won’t be done before January

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The investigation of an alleged conflict of interest by a U.S. State Department contractor reviewing the proposed Keystone XL pipeline won’t be complete until January
Categories: General, Keystone XL
A Sanchez Energy drilling site in Fayette County, in the Eagle Ford Shale. (Sanchez Energy)

Oil, gas drilling rigs in U.S. decline by most since March

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The total count declined by 15 to 1,776, the largest drop since March 22, data posted on Baker Hughes Inc.’s website show.
A boat is surrounded by oil near the site of the Deepwater Horizon accident in June 2010. (Smiley N. Pool / Houston Chronicle)

2 of 3 prosecutors who withdrew from Gulf spill case leaving Justice Department

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Two of the three prosecutors that stepped down this week from the case of a former BP engineer charged with obstructing the investigation of the 2010 Gulf of Mexico oil spill are leaving the Justice Department.
Categories: Gulf oil spill
NASA marks South Texas well sites in an aerial photo of Texas at night. (NASA image)

Unconventional oil and gas making U.S. more secure

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Higher oil and gas production and improvements in the resulting impact on the environment has helped lower the United States’ energy security risk by six percent, according to a new report on worldwide energy risks issued Friday.