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
A train carrying crude oil from North Dakota’s oil patch derailed Monday near the small town of Casselton, setting off a series of fiery explosions. (Valley News Live – KVLY/KXJB – Fargo/Grand Forks)

Authorities: Oil train apparently hit grain car before explosions (video)

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BNSF Railway spokeswoman Amy McBeth says the several rail cars from the mile-long oil train derailed and caught fire at about 2:10 p.m. Monday less than a mile from the city.
Oil Barrel

Crude oil settles below $100 in thin trading

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Benchmark U.S. crude ended the day down $1.03, closing at $99.29.
Categories: Crude oil, Gasoline

Direct Energy's Frontera natural gas power plant in South Texas has a capacity of 494 megawatts. (Photo: Direct Energy)

Top 5 Ways Energy Production Benefited Consumers in 2013

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Its been a busy year for U.S. energy production with consumer prices on the decline due to increasing domestic supplies of natural gas and oil. Here are the Top 5 energy related news stories that benefit consumers in 2013.
Mark Tarrien (CQ), director of production and quality control, holds a sample of biodiesel at the Green Earth Fuels biodiesel production facility in Galena Park, Texas, on Thursday, Nov. 15, 2007. ( Johnny Hanson / For the Chronicle)

Biodiesel production rising amid fraud concerns

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Biodiesel production has soared in recent months, although concerns about fraud in the market remain.
Categories: Biofuels
(Brett Clanton/Houston Chronicle)

Houston company nearly doubles proved reserves with $581M deal

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Houston-based Vanguard Natural Resources agreed to buy natural gas-heavy properties in Southwestern Wyoming for $581 million, a deal that would nearly double its reserves, the company said Monday.
Categories: Deals, Natural gas
(Photo: Marcellus Protest/Flickr)

Survey finds few know what fracking really is

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In a recent survey published by researchers at Oregon State, George Mason and Yale universities, more than half of respondents reported knowing little or nothing of fracking. And almost 60 percent of those surveyed said they had no opinion on the subject.
(Sam Hodgson/Bloomberg)

Utilities fight back as rooftop solar heats up

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With bills for 1,600 square foot houses like these running as high as $400 a month, solar is seen as less a green statement than an economic no-brainer given state and federal tax credits for as much as 65 percent of installation costs.
Categories: Electricity, Solar