Fuel Fix

(Photo by Eddie Seal for Bloomberg News)

U.S. oil rig count jumps up by a dozen, the first increase in 2015

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The amount of U.S. rigs drilling for oil increased for the first time this year after 29 consecutive weeks of declines.

U.S. oil rig count jumps up by a dozen, the first increase in 2015

on
(Photo by Eddie Seal for Bloomberg News)
The amount of U.S. rigs drilling for oil increased for the first time this year after 29 consecutive weeks of declines.
(AP Photo/Gerald Herbert, File)

BP to settle Deepwater Horizon claims for $18.7 billion

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BP has agreed to pay a record $18.7 billion to settle the federal and state claims against it for its role in the Deepwater Horizon oil spill, sidestepping years of litigation with a promise to pour funds for nearly two decades into efforts to repair vast environmental damage in the Gulf region.
Categories: featured, Gulf oil spill

    Jeff Allyn, a derrick hand with Raven Drilling, pauses with a cup of coffee while drilling for oil in the Bakken shale formation on July 23, 2013 outside Watford City, North Dakota. (Andrew Burton/Getty Images)

    Shale drillers’ safety net is vanishing

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    SandRidge, the Oklahoma City-based producer, had about 90 percent of its oil and natural gas liquids output hedged in early 2015, according to a regulatory filing. Next year, the hedges cover less than a third.
    Categories: featured, Shale
Crewmen work a site for TransCanada's Keystone XL project in Wood County, Wednesday, Oct. 24, 2012, in Winnsboro. (Cody Duty / Houston Chronicle)

Consumers, Environment Benefit from Efficient Infrastructure

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Our nation’s infrastructure is no longer able to efficiently deliver energy to our nation’s consumers. Bottlenecks and aging systems result in efficiency losses, driving up the ultimate cost to the consumer. Identifying the root of the problem isn’t hard. We know excess oil in North Dakota or wind power in Iowa does not have sufficient […]
(AP file photo)

Analyst predicts world’s next shale boom — and it’s not China

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While companies have eyed shale development in China, lured by the prospect of huge reserves and easy financing, the world’s next major shale boom is likely to come from another country, according to a new analysis.
Categories: featured, Shale

The sun shines over a Range Resources well site in Washington, Pa. (AP Photo/Keith Srakocic, File)

Natural gas futures soar on forecasts for record stockpile drop

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Natural gas futures surged the most in 16 months on speculation that government data will show a record decline in U.S. stockpiles of the heating fuel as cold weather boosts demand.
Categories: Natural gas, Weather
Sen. Lisa Murkowski, R-Alaska, speaks to reporters during President Barack Obama's State of the Union speech in 2011. (AP Photo/Charles Dharapak)

Senator: Obama should lift oil export ban, even without Congress

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Sen. Lisa Murkowski is doubling down on her pitch for the U.S. to reverse a 39-year-old ban on exporting American crude. In a letter to President Barack Obama on Tuesday, the Republican from Alaska insists that the administration must ease the restrictions soon.
(Photo: Kate Ter Haar/Flickr)

Power crisis costs haven’t hit home

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The price tag for the crisis last week that almost forced operators to shut off power to parts of the Texas grid isn’t likely to show up on your next electric bill. But traders say the close call produced market conditions that eventually could hit consumers.
Categories: Electricity, Premium, Weather
A jar holding waste water from hydraulic fracturing is held up to the light at a recycling site in Midland, Texas. (AP Photo/Pat Sullivan)

Lab study cuts fracking waste’s radioactivity

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Researchers believe they have found an unlikely way to decrease the radioactivity of some hydraulic fracturing wastewater: Mix it with the hazardous drainage from mining operations.
Cuadrilla Resources Ltd.'s shale gas exploration site in Singleton, U.K. (Paul Thomas/Bloomberg)

European Union drafting ‘minimum’ guidelines for fracking shale

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The European Union plans “minimum” guidelines for shale fracking, under proposals that may facilitate oil and gas drilling using the contested technique that’s brought the U.S. toward energy independence, according to a draft statement.