Fuel Fix

In this Dec. 17, 2014 photo, workers tend to oil pump jacks behind a natural gas flare near Watford City, N.D. Natural gas, the nation's most prevalent heating fuel, is getting cheaper just as winter is arriving because of mild temperatures and plentiful supplies. (AP Photo/Eric Gay)

U.S. oil output still barreling toward 45-year record

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U.S. oil production edged down in May and will likely continue swooning until early next year as plunging crude prices continue to pummel domestic producers, according to a new federal report.

U.S. oil output still barreling toward 45-year record

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In this Dec. 17, 2014 photo, workers tend to oil pump jacks behind a natural gas flare near Watford City, N.D. Natural gas, the nation's most prevalent heating fuel, is getting cheaper just as winter is arriving because of mild temperatures and plentiful supplies. (AP Photo/Eric Gay)
U.S. oil production edged down in May and will likely continue swooning until early next year as plunging crude prices continue to pummel domestic producers, according to a new federal report.
Low clouds blanket Anchorage, Alaska, east of downtown, on Friday morning, December 7, 2012. An optical illusion known as Fata Morgana distorts the view of the mountains west of Cook Inlet. Alternating warm and cold layers of air bend light to create the effect. (Marc Lester/Anchorage Daily News/MCT)

Hilcorp acquires Exxon Mobil subsidiary’s Alaska assets

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The new deal is part of Hilcorp’s expansion in the state. The company arrived four years ago and has since become a major player in oil and gas in Cook Inlet and the North Slope.
Categories: featured, General

Barry Rosenstein, founder and managing partner of JANA Partners LLC. (Daniel Acker/Bloomberg)

Investor to push Cameron to sell more assets

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Barry Rosenstein’s hedge fund thinks Cameron International could outperform several oil-field service peers if it prunes its portfolio and sells off more assets.
Welders work on a joint between two sections of pipe during construction of Keystone XL's southern leg in Prague, Oklahoma. (Daniel Acker/Bloomberg)

GOP senators demand decision on Keystone XL

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Republican senators on Friday asked President Barack Obama to make a final decision soon on whether to permit the Keystone XL pipeline that would link Canada’s oil sands with Gulf Coast refineries.

A Phillips 66 refinery. (Phillips 66)

Obama supporters defend go-slow approach on refiners

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Obama administration supporters are defending the White House’s decision to move on a slower track to limit refiners’ greenhouse gas emissions, while focusing on reining in the carbon dioxide coming from the nation’s power plants.

American Midstream’s $100 million Eagle Ford buy

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American Midstream Partners LP is purchasing a 120-mile natural gas gathering and redelivery system in the Eagle Ford Shale from a subsidiary of Penn Virginia Corp. The system is in Gonzales and Lavaca counties and has a purchase price of around $100 million. American Midstream will enter into a fee-based gathering agreement with Penn Virginia, […]
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Bills and Invoices

Home heating bills to rise up to 5 percent

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Rising natural gas prices will boost home heating bills for Houston area residents by up to 5 percent in February, according to data from CenterPoint Energy.
Categories: Natural gas, Weather

What GlobalData predicts for major Eagle Ford operators

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The research and consulting firm GlobalData expects companies to  invest around $30 billion in the Eagle Ford Shale this year. Here’s a breakdown of how GlobalData sees some of the major players in the field: The firm says ConocoPhillips has “some of the best acreage in the play” and will hit peak production in the […]
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(AP Photo/Brennan Linsley)

Natural gas breaks $5 mark on winter demand

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Natural gas prices moved past $5 per million British thermal units on Friday, reaching a level not seen in years amid a winter chill that has pushed up demand for the fuel.