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

(AP file photo)

Thai oil spill spreads to new bay on resort island

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Progress was being made on cleaning the oil that washed into Prao Bay on the west coast of Samet Island in Thailand, though not fast enough, as the oil slick continued to spread three days after leaking from a nearby pipeline.
Categories: Accidents, Asia
Fire crews pour water on a fire after an explosion at the Blue Rhino propane gas company Tuesday, July 30, 2013, in Tavares, Fla.  John Herrell of the Lake County Sheriff's Office said early Tuesday that there were no fatalities despite massive blasts that ripped through the Blue Rhino propane plant late Monday night. Seven people were injured and transported to local hospitals. (AP Photo/John Raoux)

Massive explosions rock central Florida gas plant

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Workers were injured and several were missing after explosions erupted at a Florida gas plant.
Categories: Accidents
July 16, 2013,  workers at the crash site of the train derailment and fire in Lac-Megantic, Quebec. The July 6, 2013 derailment left 47 people dead.  (AP Photo/Ryan Remiorz, Pool)

Industry fights safety retrofit of older rail cars

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The oil industry and U.S railroads are resisting the Obama administration’s attempt to boost safety standards for the type of rail car involved in a fiery, fatal explosion in Canada, citing costs and technical challenges.
Harvested corn grain is unloaded from an auger.  (AP file photo/Seth Perlman)

Iowa ethanol plant builds cellulosic addition

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Quad County Corn Processors has launched a construction project to build onto its existing ethanol plant a facility that can make additional ethanol from corn kernel fiber.
Categories: Biofuels
(AP Photo/Steve Ringman)

Feds will lease mineral rights in Ohio forest

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A federal agency plans to open up a state forest in eastern Ohio to shale gas drilling.
Don Robicheaux, safety coordinator for Marathon, stands in front of a crude unit, part of Marathon's estimated $3.2 billion expansion in Garyville, La. (AP Photo/Cheryl Gerber, file)

Marathon to accelerate Garyville hydrocracker expansion

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Marathon Petroleum Corp. (MPC) plans to acclerate by a year the final phase of a project to increase the size of a hydrocracker at the Garyville refinery, the biggest in Louisiana.
Categories: Refining
A fire ignited the Hercules 265 jack-up rig Tuesday after natural gas leaked from an uncontrolled natural gas well in the Gulf of Mexico, federal authorities reported. (U.S. Coast Guard)

Feds begin probe of Gulf gas well blowout

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Federal regulators have opened a formal investigation into last week’s blowout of a natural gas well in the Gulf of Mexico, which forced the evacuation of a rig crew and later ignited a fire on the rig.
JPMorgan

Agency says JPMorgan manipulated power prices

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The Federal Energy Regulatory Commission said the biggest U.S. bank used improper bidding strategies.
Categories: Electricity
President Barack Obama speaks at the TransCanada Pipe Yard in Cushing, Okla. in 2012.  (AP Photo/LM Otero)

Republicans criticize Obama for Keystone jobs claim in interview

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Congressional Republicans criticized comments by President Barack Obama about the number of jobs the Keystone XL pipeline would create, saying the remarks undercut his own efforts to highlight policies to boost the U.S. economy.
Categories: Keystone XL
The Deepwater Millennium drillship  works on an Anadarko Petroleum Corp. project in the Rovuma Basin off the coast of Mozambique. (Anadarko Petroleum Corp.)

Anadarko makes discoveries, boosts earnings

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Anadarko Petroleum Corp. reported $929 million in second-quarter profit, compared with a loss of $89 million for the same quarter last year, as improvements in its drilling performance led to five deep-water discoveries.
Categories: Offshore, Production
Craig Sautner, a resident of Dimock, Pa., holds a jug of contaminated water outside a September EPA meeting on hydraulic fracturing in New York. (Photo: AP/Press & Sun-Bulletin)

Federal official ties Pennsylvania’s water woes to fracturing

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An Environmental Protection Agency employee said gas drilling damaged drinking-water aquifers in a Pennsylvania town, according to a presentation the staffer prepared for superiors before they agreed to end deliveries of clean water to the residents.
George Mitchell

Commentary: The hard-rock lessons of George Mitchell, 1919-2013

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George Mitchell passed away last week and this piece is more of a celebration rather than an obituary. We met Mitchell under different conditions. Economides, while with a major service company then, met Mitchell almost 30 years ago.
Categories: Shale, Texas