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
(Image: Fotolia)

Crude extends plunge, ends below $94

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Prices have fallen 6.4 percent over the past week.
Categories: Crude oil, Gasoline
ExxonMobil CEO Rex Tillerson (left) talks to Russian Prime Minister Vladimir Putin during a  signing ceremony in Russia in 2011. (AP photo/RIA Novosti, Alexei Druzhinin, pool)

Exxon Russia ambitions show oil trumps Obama-Putin spats

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As Barack Obama and Vladimir Putin argue over human rights in Russia and the fate of fugitive U.S. intelligence analyst Edward Snowden, the countries’ biggest oil companies are preparing to drill for giant discoveries together in the Arctic Ocean.
Categories: Arctic, Politics/Policy

Texas opens grants for natural gas vehicles

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The state has set aside up to $24 million in grants for those switching to natural gas vehicles. The Texas Commission on Environmental Quality this week opened the program, which encourages those who own and operate heavy-duty or medium-duty vehicles to replace them with natural gas vehicles. You don’t have to buy a new vehicle. Converting an existing engine to run […]
Categories: Uncategorized

Eagle Ford counties are Texas’ top crude producers

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Three counties in the Eagle Ford Shale region top the state’s latest list for crude oil production. Karnes, La Salle and Gonzales counties in September produced the most crude oil in Texas. Also in the state’s top 10 are three more Eagle Ford counties: DeWitt, McMullen and Dimmit. Here’s the list of September’s top crude oil producers – […]
Categories: Uncategorized
A drilling rig in Pennsylvania. (AP Photo/Alex Brandon)

Pennsylvania lawyers ask court to rethink gas drilling case

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Lawyers for two state agencies on Thursday asked the Pennsylvania Supreme Court to reconsider its decision last month that struck down key components of a state law that regulates natural gas drilling.
(AP Photo)

Oil recycler opens Baton Rouge distribution center

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A Wichita, Kan., company that re-refines used motor oil has opened a 12,000-square-foot distribution center in Baton Rouge.
Categories: Crude oil
(AP Photo/Xinhua, Liang Xiaopeng, File)

Idaho solar developer fights to keep project alive

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A decision from the Idaho Public Utilities Commission expected within weeks may resolve a fight with Idaho Power Co. over whether it must buy electricity from three 20-megawatt solar farms planned near Boise.
Categories: Electricity, Solar