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

Portrait of Chris Beckett, founder and CEO of Pacific Drilling, at their Galleria office Monday, July 15, 2013, in Houston. ( Johnny Hanson / Houston Chronicle )

Pacific Drilling is well within its ultradepth

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Pacific Drilling entered the market with the mission of providing drilling services focused exclusively on oil companies’ move into exploring for oil beneath ultradeep waters.

To Forbes – A Gentle Cough of Correction at TOD’s End

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Forbes recently issued a commentary on the closing of The Oil Drum, which deserves some rebuttal, since, as with many stories on the “Peak Oil” topic, it conveys too many incorrect statements and false assumptions.
Just over eight years ago I became i…
Categories: Uncategorized
(construct/Flickr)

Energy execs sweep list of Houston’s top 10 highest paid

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See which energy executives enjoy the heftiest compensation packages in the Houston area.

Drumbeat: July 20, 2013

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Canadian Investigators Says Failed Brakes Led to Crash
The brakes on the train that crashed and burned in Quebec this month weren’t applied with enough force, Canadian investigators have found.

The braking on the Montreal Maine & Atlantic Railwa…

Categories: Uncategorized
(AP Photo)

WTI reaches highest price in 16 months

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New pipelines, soaring demand from refineries and turmoil in the Middle East have driven up crude oil prices over the past few weeks, pushing up gasoline prices as well.
Categories: Crude oil, Markets, Pipelines
Texas Gov. Rick Perry in October 2011. (AP Photo/Scott Eells, Pool)

Perry to lawmakers: Do more to advance offshore drilling

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Congress can do more to advance offshore drilling in the Gulf of Mexico and Atlantic Ocean while boosting the economies of coastal states, eight governors said Friday.
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)

Deadly derailment won’t stop oil on trains

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A fiery and fatal train derailment earlier this month in Quebec, near the Maine border, highlighted the danger of moving oil by rail, a practice that has grown exponentially as a result of the oil boom and will continue to expand, experts say.
Categories: Accidents, Crude oil

Drumbeat: July 19, 2013

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Peak oil, not climate change worries most Britons
(Reuters) – Most people in Britain want to reduce reliance on fossil fuels, but due more to fears of shortages and rising prices than to fears about climate change, according to a poll developed by res…
Categories: Uncategorized
The Deepwater Horizon oil rig burns in the Gulf of Mexico on April 21, 2010. (AP file photo/Gerald Herbert)

Judge delivers harsh retort to BP’s request to halt oil spill payments

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A federal judge Friday denied a BP request to halt all payments from last year’s multibillion dollar class-action civil settlement with victims of the Gulf of Mexico oil spill.
Categories: featured, Gulf oil spill
(Lisa Krantz/San Antonio Express-News)

Oil companies break with trade group on renewable fuel mandate

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The oil and gas industry’s top trade groups doggedly insist that Congress must completely scrap a federal mandate that forces gasoline makers to blend in ethanol and other renewable fuels. But not all oil companies are on board.
(AP Photo/Keith Srakocic)

Oil field wife adjusts to remote life

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Her dream was to learn Chinese, move to China and live in a secluded house with a gorgeous view of the Great Wall.
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Gulf spill civil trial’s second phase delayed two weeks

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A federal judge is giving the Justice Department at attorneys for BP and Anadarko an extra two weeks to prepare for the second phase of a civil trial over the 2010 Gulf of Mexico oil spill.
Categories: Gulf oil spill