Fuel Fix

An oil worker walks pass the manifold (right) and frac pumps (left) at a Chesapeake Energy hydraulic fracturing operation near Carrizo Springs, Texas in 2011. (John Davenport/San Antonio Express-News)

Report: Booming Eagle Ford Shale created 48K jobs

An oil and gas bonanza in South Texas supported nearly 48,000 jobs last year while creating overnight boom towns cashing in on a $25 billion economic windfall from the liquid-rich Eagle Ford shale, according to a university study released Wednesday.  More »
(AP Photo/Pablo Martinez Monsivais)

Obama warms to energy industry by supporting natural gas

Huddled around the West Wing table were an unlikely group of co-conspirators with the administration of U.S. President Barack Obam  More »
(AP file photo/Sue Ogrocki)

Valero may have buyer for Aruba plant

Valero Energy Corp. said an interested party may be interested in buying its Aruba refinery for $350 million, plus working capital, according to a regulatory filing.  More »
Heather Peters, who says her 2006 Honda Civic Hybrid never achieved the gas mileage Honda claimed in its advertising, and also did a computer upgrade that further diminished the mileage, arrives at Small Claims Court in Torrrance, Calif., Tuesday, Jan. 3, 2012. Peters had opted out of a class action settlement agreed to by Honda because it does not provide enough remuneration. On Feb. 1, 2012, it was announced that Peters had won her unusual lawsuit against the auto giant over the vehicle's failure to deliver the promised mileage. A Los Angeles Superior Court commissioner has awarded Peters $9,867, just under the Small Claims Court limit of $10,000. (AP Photo/Reed Saxon)

Honda wins appeal of small-claims hybrid judgment

A judge overturned a nearly $10,000 small-claims judgment against American Honda Motor Co. that was won by a car owner who said the automaker misrepresented the gas mileage of her hybrid Civic, according to a ruling released Wednesday.  More »
Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks at a campaign stop held at KP Kauffman Co., an oil and gas production and drilling company in Fort Lupton, Colo.,Wednesday, May 9, 2012. (AP Photo/Jae C. Hong)

Romney says Obama has failed on energy policy

Republican Mitt Romney says President Barack Obama claiming credit for increased American energy production is akin to Romney saying he was responsible for the Red Sox winning the World Series when he was Massachusetts governor.  More »
An oil worker walks pass the manifold (right) and frac pumps (left) at a Chesapeake Energy hydraulic fracturing operation near Carrizo Springs, Texas on Thursday May 5, 2011. (Photo: John Davenport/San Antonio Express-News)

Chesapeake Energy sued over corporate jet policy

Oklahoma City-based Chesapeake Energy Corp. is being sued by a shareholder over the company’s corporate jet policy.  More »
Marathon Oil's corporate headquarters in Houston.  (AP file photo/Pat Sullivan)

Marathon expands in Eagle Ford with Paloma acquisition

Marathon Oil will get 17,000 acres in the Eagle Ford Shale through its acquisition of Paloma Partners II.  More »
The Chevron Genesis in the Gulf of Mexico. (AP Photo/Mary Altaffer)

Feds outline plan for selling offshore drilling leases

A leading House Republican today insisted the Obama administration was on track to blow a July 1 deadline to finish a plan for selling offshore drilling leases over the next five years. But administration officials said the five-year schedule of drilling leases would be issued by July 1, with a first auction scheduled this year.  More »
Papa_1_SU

EOG’s surging Eagle Ford oil production boosts earnings

Houston-based EOG Resources’s net income soared in the first three months of the year and more then doubled over the past year because of the surging production of oil from the Eagle Ford shale, executives said in a conference call with analysts today.  More »

Occidental unit to buy ex-naval station in Texas

A unit of oil producer Occidental Petroleum Corp. has reached an $82 million deal to buy the South Texas site of former Naval Station Ingleside.  More »
Dust permeates the air at a Chesapeake Energy Co. hydraulic fracturing operation at a well site near Carrizo Springs, Texas. (John Davenport/San Antonio Express News)

Study questions whether fracking chemicals can migrate

A new study questions whether hydraulic fracturing chemicals could migrate into drinking water supplies faster than some experts believe, but several scientists have said the study is based on faulty assumptions, according to a ProPublica story.  More »
(Photo: Pioneer Drilling)

Pioneer Drilling swings to a profit

San Antonio-based Pioneer Drilling Co. Inc. moved into the black in the first quarter ended March 31 as net income rose to $14.2 million, or 23 cents a share, compared with a loss of $6 million, or 11 cents a share, for the same period a year ago.  More »