Fuel Fix

A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake Energy rebounds after denying bankruptcy plans

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The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.

Chesapeake Energy rebounds after denying bankruptcy plans

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A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)
The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.
Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT

National gasoline average now below $1.75 a gallon

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Prices at the pump are currently at their lowest prices in seven years courtesy of bountiful supply and cheap costs of crude oil
Categories: Consumers, featured, Gasoline

Smoke rises from Unit 3 of the tsunami-stricken Fukushima Dai-ichi nuclear power plant in northern Japan (AP Photo/Tokyo Electric Power Co.)

Japan gov’t to help stop radioactive water leaks

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Japan’s government says it will step in to tackle contaminated water leaks at the country’s crippled nuclear plant, and is considering funding a multibillion-dollar project to fix the problem.
Categories: Accidents, Nuclear

Rune Likvern: “My Experiences after Eight Years with The OilDrum.com”

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After my first time seeing The Oil Drum (TOD and Institute for the Study of Energy and Our Future; ISEOF) in 2005 I created an account as nrgyman2000 and later got an invitation to become part of the staff of volunteer writers at what was then TOD Eu…
Categories: Uncategorized
(Tom Reel/San Antonio Express-News)

Eagle Ford shone in Q2 megadeals, firm reports

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Overall, high-value oil and gas M&A activity totaled $17.2 billion in the quarter, down from $30.4 billion a year earlier.
Categories: Deals, Shale
(AP Photo/Reed Saxon)

Pipeline to tap into emerging Cline Shale play

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Occidental Petroleum Corp. said Tuesday it is moving ahead with a major pipeline to move oil out of the emerging Cline Shale play in West Texas, which has drawn the intrigue of oil companies.
Categories: Crude oil, Pipelines
Lee Tillman speaks at Marathon Oil Corp.. He took over as CEO and president on Aug. 1, 2013. ( Melissa Phillip / Houston Chronicle )

Production gains push up Marathon earnings

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Marathon Oil Corp.reported second-quarter net income of $426 million, up from $393 million in the April-June period in 2012.
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Apache unsure of extensions for some Egypt acreage

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Egypt’s military removed the country’s president from power in July.
Categories: Middle East
(AP Photo/Brennan Linsley)

Texas breezes along as US wind power leader

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An Energy Department report out Tuesday says Texas added about 1,826 megawatts in new wind power capacity in 2012 – leading the nation with about twice as much new wind power as California, which ranked second.
Categories: Wind
Patrick Juneau, administrator of the Deepwater Horizon Claims Center. (Houston Chronicle)

BP balks at paying claims administrator

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A federal magistrate has scheduled a hearing for BP to show why it shouldn’t be ordered to fund Patrick Juneau’s proposed third-quarter budget.
Categories: Gulf oil spill
The West Texas sky silhouettes a Linn Energy pumpjack in the Permian basin. (Linn Energy)

Report: Daily US crude production in July was highest since ’91

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U.S. oil production reached 7.5 million barrels a day in July, and will average 7.4 million per day for the full year, according to the latest monthly report from the U.S. Energy Information Administration.
Categories: Crude oil, Production
(Image: Fotolia)

Utility executives: Major cyberattack on power grid is inevitable

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Power utilities must harness the same manpower, money and other resources to counter the growing threat of cyberattacks that they throw at hurricanes, ice storms and other natural disasters, industry leaders said Tuesday.
(Image: Fotolia)

House passes amendment banning carbon tax

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The amendment by Louisiana conservative firebrand Steve Scalise passed Friday as part of a bill called the REINS act (Regulations from the Executive in Need of Scrutiny), which would require Congressional approval of any new agency rule, tying the government in knots.
Categories: Politics/Policy

PwC report: Eagle Ford leads in mega-deals

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The Eagle Ford Shale in South Texas led shale play deal-making in the second quarter, with mergers and acquisitions totaling $1.5 billion, PwC reported Tuesday. In its quarterly survey of energy industry deals valued at more than $50 million, the accounting and consulting firm reported an overall drop over the April-June period of 2012. It  
Categories: Uncategorized