Fuel Fix

A rig drills for natural gas in the Sonora Field in the Permian Basin. (AP Photo)

Chesapeake likely to turn funding gap into $2 billion surplus, analyst says

Cash-strapped Chesapeake Energy Corp appears likely to wind up with a $2 billion cash surplus by the end of 2012, turning around a projected shortfall of $12 billion by selling assets, according to an analysis from Alembic Global Advisors.  More »
(Image: Fotolia)

Court: Lawyers not responsible for fraud by client

When Paul Bennett, Frederick Clayton and others lost more than $4 million on an oil drilling investment in southern Kentucky, they sued the companies involved and their lawyer.  More »
(Photo: Vestman/Flickr)

Texas OKs big boost in wholesale electricity rate

The Texas Public Utility Commission voted Thursday to raise the wholesale electricity price cap by 50 percent this summer in a move it hopes will spur construction of new power plants.  More »
(Photo: Flickr, Caston_Corporate)

Kazakhs buy 10 pct stake in major energy project

Kazakhstan concluded the acquisition Thursday of a 10 percent stake in one of the largest oil and gas projects in the world.  More »

Malaysia Petronas to buy Canada’s Progress Energy

Malaysia’s national oil and gas company Petronas has agreed to buy Canadian natural gas producer Progress Energy Resources Corp. for about 5.5. billion Canadian dollars ($5.35 billion) to boost its gas resources abroad.  More »
Blake Olson, John Pettit, and Jason Strange welcome Eagle Ford oil field workers at the Pearsall General Store. (Photo: Edward A. Ornelas)

Hungry oil field workers have a place to blow off steam

The Eagle Ford Shale boom has brought almost 50,000 workers to South Texas, and San Antonio-based caterer Don Strange of Texas is capitalizing on the demand for food with a new food and entertainment venue here as well as catering services in the oil fields.  More »
(Photo: Houston Chronicle file)

Steffy: Electricity price cap hike generates consumer backlash

With the Public Utility Commission set to raise price caps on wholesale electricity prices by as much as 50 percent today, consumer outrage is mounting.  More »
A new poll shows that Americans would rather get a break on their energy bills than take a break for vacation.  Asked about their priorities, a majority in an AP-NORC Center poll valued saving money on energy, reducing the amount of electricity they use, and making sure their home is energy efficient ahead of having the latest tablet or smartphone, or going on vacation. Less than one in five thought a summer trip or the latest electronic gadget was more important than taking steps to reduce their energy use.  (AP Photo/Rick Bowmer, File)

Gasoline prices see significant drop nationally and locally

Declining crude oil prices are continuing to push gasoline prices lower across the nation and in Houston.  More »
A large sign is seen in the front Sunoco'S Eagle Point refinery in National Park, N.J. (AP Photo/Mel Evans)

Study outlines options for shuttered Pa. refinery

A study commissioned by a suburban Philadelphia county has identified a number of possible futures for a shuttered refinery, many of them linked to the growing supply of natural gas due to the Marcellus Shale drilling boom.  More »
Some Ohioans are asking for a ban on fracking for Natural Gas until the Environmental Protection Agency completes its study. (Photo: Ty Wright/Bloomberg)

Natural gas prices climb as summer heats up

Natural gas futures jumped to a five-month high in New York on forecasts for hotter-than-normal weather that would boost fuel demand from power plants.  More »
New Jersey Gov. Chris Christie speaks during a town hall meeting in Toms River, N.J. (AP Photo/Mel Evans)

Christie: No decision on banning fracking waste

Gov. Chris Christie says he hasn’t decided whether to sign a measure that bans hydraulic fracturing byproducts from other states from entering New Jersey.  More »
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Valero Energy idles central Indiana ethanol plant

Valero Energy Corp. has temporarily stopped production at a central Indiana ethanol plant because of rising corn prices.  More »