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.
(StockMonkeys.com/Flickr)

Gasoline prices surge nationwide

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Gasoline prices surged across the country over the last week, jumping especially high in Houston as crude oil prices soared.
Categories: Crude oil, Gasoline
An aerial view of an Energy Resource Technology well that leaked a briny mix of gas, condensate and salt water for roughly four days in July. Workers brought the 40-year-old well under control on July 11, after pumping drilling mud into it. They were preparing to pump cement into the well to permanently kill it as soon as July 15. (Photo: Talos Energy)

Workers aim to kill Gulf well

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Work is underway to permanently kill off a well that leaked gas and condensate into the Gulf of Mexico for about four days last week.
Money Roll

Forest Oil to sell Texas fields that may fetch up to $1 billion

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Forest Oil Corp. intends to sell oil and natural gas fields in the Texas Panhandle that may fetch as much as $1 billion, more than the company’s market value.
Categories: Deals, Eagle Ford
Phillips 66 has launched an initial public offering for a midstream partnership called Phillips 66 Partners LP

Phillips 66 Partners launches IPO

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Phillips 66 Partners, a subsidiary of refining and midstream company Phillips 66, said Monday it has launched an initial public offering, seeking to raise as much as $315 million.
The lobby of the Baker Hughes office in Houston. (Julio Cortez / Houston Chronicle)

Investors cautious ahead of oil field services second-quarter results

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Investors are eyeing oil field services companies carefully as some of the biggest players in the sector prepare to release second-quarter financial results amid signs of weaker-than-expected activity in the U.S. and a cautious outlook for the rest of the year.

Drumbeat: July 15, 2013

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The receding threat from ‘peak oil’
Mr Halff told BBC News that concerns about an approaching “peak” in oil production have been “moved to the back burner”.

“Just a few years ago, everybody thought US production was in permanent decline, that the nati…

Categories: Uncategorized
President Barack Obama gestures during a speech on climate change at Georgetown University on Tuesday, June 25, 2013, in Washington. (AP Photo/Evan Vucci)

For Obama’s climate plan, devil is in the details

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Frustrated by a recalcitrant Congress, President Barack Obama has vowed to take climate change into his own hands. Now he has to deliver.
Categories: Politics/Policy
Texas oilman T. Boone Pickens speaks at a luncheon meeting of the Society of Independent Professional Earth Scientists (SIPES) at the Houston Petroleum Club, 800 Bell St., Tuesday, March 29, 2011, in Houston. (Melissa Phillip/Houston Chronicle)

Shale skeptics take on Pickens as gas fuels policies

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Where others see a U.S. energy revolution of cheap and abundant fuel, David Hughes sees a short-term bubble that will bring higher economic and environmental costs.
A crew works on a gas drilling rig at a well site for shale based natural gas in Zelienople, Pa. (AP Photo/Keith Srakocic)

New England’s love affair with natural gas cools

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New England’s love affair with natural gas appears to be showing strain as the regional power grid operator voices worry about too much demand on limited supplies and a leading environmental group criticizes the fuel it once supported.
Categories: Natural gas
This photo provided by Greenpeace shows a video projection reading "Tricastin, nuclear accident, President The Catastrophe," on the Tricastin power plant complex, Monday, July 15, 2013 in southern France. Greenpeace activists occupied the French nuclear power plant site before dawn Monday, a media stunt deeply embarrassing to the government which is intent on demonstrating that France's reliance on nuclear power is safe. (AP Photo/Greenpeace, Micha Patault)

Greenpeace activists occupy French nuclear plant

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Greenpeace activists occupied a French nuclear power plant site before dawn Monday — a media stunt deeply embarrassing to the government which is intent on demonstrating that France’s reliance on nuclear power is safe.
Categories: Nuclear
(AP file photo/Grand Forks Herald, Eric Hylden)

Oil pipeline pushing through Jackson Co wetlands

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Heavy machinery is cutting wide ditches through 41 miles of wetlands in Jackson County.
Categories: Pipelines
An El Paso well in the Altamont field in Utah (Photo: El Paso Corp.)

BLM to hold meetings on shale mining plan in Utah

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Federal land managers will hold a pair of meetings this week on an Estonian company’s plans to begin shale mining in eastern Utah.
Categories: Shale