Fuel Fix

An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)

Pioneer Natural slashes budget, halts drilling amid oil-price crash

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The Texas shale explorer scrapped plans to increase outlays for drilling announced early last month, and instead will reduce spending about 9 percent from last year.

Pioneer Natural slashes budget, halts drilling amid oil-price crash

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An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)
The Texas shale explorer scrapped plans to increase outlays for drilling announced early last month, and instead will reduce spending about 9 percent from last year.
(Daniel Acker/Bloomberg)

Wyoming oilmen diversify to survive the bust

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Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.
Kathleen Hartnett White, director for the Armstrong Center for Energy and Environment at the Texas Public Policy Foundation

Guest Commentary: Ethanol follies continue with Domestic and Alternative Fuels Act

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Kathleen Hartnett White says the renewable fuel mandate should be repealed, not expanded to include natural gas-based ethanol.
(Plains All American)

Deloitte: Energy deals tumble 30 percent from 2012

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Energy deal making has entered a lull, with mergers and acquisitions down almost 30 percent this year from 2012, according to a study released by Deloitte & Touche Monday morning.
Categories: Deals

Drumbeat: July 29, 2013

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Alwaleed Warns Saudi Oil Minister of Waning Need for Oil
Saudi Prince Alwaleed bin Talal told Oil Minister Ali Al-Naimi in an open letter that the kingdom won’t be able to raise production capacity to 15 million barrels of crude a day as planned, and…
Categories: Uncategorized
The aftermath of the fire aboard Hercules 265 gas well is seen during an overflight observation after a natural gas blowout in the Gulf of Mexico. (AP Photo/Bureau of Safety aqnd Environmental Enforcement)

Scientists collect water near site of blown well

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Scientists from several universities are working to learn whether a gas well that blew wild last week off the Louisiana coast is polluting the Gulf of Mexico.
Smoke rises from railway cars that were carrying crude oil after derailing in downtown Lac Megantic, Quebec, Canada. The fiery explosion killed at least 47 people in Canada in July 2013. (AP Photo/The Canadian Press, Paul Chiasson, File)

Oil train safety rule delayed by one year

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The Obama administration has delayed by nearly a year a plan to boost safety standards for the type of rail car involved in a fiery explosion that killed at least 47 people in Canada this month.
Categories: Accidents
A cleaning vessel clears the oil after about 50 tons of crude oil leaked from a pipe and spilled into the sea off Rayong province, eastern Thailand. The oil spill that leaked from a pipeline, operated by a subsidiary of state-owned oil and gas company PTT Plc, has reached a popular tourist island in Thailand's eastern sea despite continuous attempts to clean it up over the weekend, officials said Monday. (AP Photo/The Nation-Atchara)

Thailand resort beach blackened by oil spill

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Black waves of crude oil washed up on a beach at a popular tourist island in Thailand’s eastern sea despite attempts to clean up the oil up over the weekend after it leaked from a pipeline, officials said Monday.
Categories: Accidents, Pipelines
Hydraulic fracturing protester Dave Channon in Albany, N.Y., on Monday, April 11, 2011. (AP Photo/Mike Groll)

Some say industry arrogance fueled fracking anger

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Some experts say arrogance, a lack of transparency and poor communication on the part of the drilling industry have helped fuel public anger over the process of hydraulic fracturing, or fracking.
(AP Photo/U.S. Fish and Wildlife Service)

Wildlife area becomes site for gas drilling

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The Lewis Wetzel Wildlife Management Area in Wetzel County has become home to more than deer and other critters.
Several energy companies have moved into Lewis Wetzel to drill for natural gas.
Categories: General
A hydraulic fracturing operation takes place in the Permian Basin in October 2012.  (Gaylon Wampler)

Hydraulic fracturing proposal draws attention

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A proposal to drill as many as 500 wells in Michigan’s northern Lower Peninsula by using hydraulic fracturing is attracting attention and criticism from environmentalists.
McDermott International has a $1.5 billion-plus contract with Saudia Arabia's national oil company. (AP file photo/John Moore)

Saudi Arabian oil export revenue gained in 2012 as Iran fell

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Saudi Arabia’s revenue from exports of crude oil and other petroleum products in 2012 rose 5.3 percent from a year earlier while Iran’s income from sales abroad sank by 12 percent, OPEC reported.
Categories: Middle East, Production
BP CEO Bob Dudley (AP file photo/Alastair Grant)

BP mounts heavy media campaign as judge weighs spill case

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BP’s unrelenting attacks against how the Gulf oil spill civil settlement it agreed to is being handled aims to win over the public, but the strategy risks antagonizing a key constituent who is following every word — the federal judge overseeing the case.

Will the Bakken “Red Queen” Have to Run Faster?

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This post is an update and continued expansion to my previous posts about tight/shale oil in Bakken/Three Forks in North Dakota (ND):
Is Shale Oil Production from Bakken Headed for a Run with “The Red Queen”? Is the Typical NDIC Bakken Tight Oil We…
Categories: Uncategorized