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.
(Nick de la Torre/Houston Chronicle)

IHS CERAweek draws energy luminaries to Houston summit

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Tempered growth in major emerging economies will loom over a massive energy symposium this week when industry power brokers assemble in Houston to analyze rising competition and geopolitical threats to global markets.
Categories: CERAWeek, featured
(Photo: Fotolia)

Iraq official says oil exports jump in February

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Iraq’s daily oil exports surged to 2.8 million barrels per day in February, some half million barrels more than in the previous month.
Oil prices pulled back Wednesday after reaching highs for 2015 on Tuesday.

Oil ends month with 5 percent gain; pump price up

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For all of February, oil gained $5.10 a barrel.
Categories: Crude oil
An Exterran Partners midstream compressor. (Exterran)

Exterran to buy Chesapeake assets for $360M

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Natural gas services contractor Exterran Partners said Friday it plans to buy hundreds of midstream compression units from Chesapeake Energy for $360 million.
Categories: Deals, Natural gas
A few feet away from the train tracks that split Luling, a pump jack showcases a cow jumping over the moon. (Todd Wiseman/TexasTribune.org)

Tapped-out Texas oil town turns old wells into art

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Wells are scattered across Luling’s backyards, churches, restaurants and gas stations. But rather than asking visitors to avert their eyes, officials here want folks to take notice. They have commissioned art on more than a dozen functioning pump jacks along the town’s main strip.

A Turbulent Winter For Jet Fuel

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2014 thus far has been more turbulent than usual for the US crude complex, as wickedly wintry weather has shaken up both supply and demand for the products like a snow globe (probably a bad turn of phrase). Just as gasoline demand has hit the brakes and heating oil demand has been simmering, the jet […]
The sun sets on a drilling rig in Frio County, Texas.  (Jerry Lara/San Antonio Express-News)

Drillinginfo looks at the Eaglebine, Pearsall

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Activity in the Eaglebine and Pearsall shales has been booming. But 2014 will bring even faster growth to the Texas drilling regions, researchers say.
Categories: Shale