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.
A rig drills for natural gas in the Sonora Field in the Permian Basin. (AP Photo)

Natural gas production remains stable despite low price

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Natural gas production is staying stable, despite a price drop of nearly a dollar in the past three months.
Categories: General

Drumbeat: July 1, 2013

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Analysis – Big lenders wary of following oil money to North Dakota
Many banks remain wary of the past repeating itself. North Dakota saw a surge of oil activity in the 1950s and 1980s, only to have the flare-ups burn out, leaving many residents, munici…
Categories: Uncategorized
(AP Photo/Keith Srakocic)

Commentary: Happy 4th of July: A salute to shale…New study shows that without fireworks, a 1980s deja vu could be inevitable

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Signs are on the horizon that oil prices could take a tumble, should war drums stop beating in the Middle East. High oil prices, no matter how permanent they might seem, eventually stimulate downward structural changes in oil demand.
Categories: Markets, Production
The sun shines over a Range Resources well site in Washington, Pa. (AP Photo/Keith Srakocic, File)

Gas exporters to defend pricing as courts reject oil link

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The world’s biggest natural gas exporters will seek to defend linking prices to the cost of oil even after courts ruled they overcharged customers and rising output from the U.S. to Australia challenges their dominance.
Categories: Natural gas
ConocoPhillips operations in the Eagle Ford Shale in South Texas.

Energy rigs in U.S. slide to lowest level in two months

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Oil and gas rigs in the U.S. tumbled to the lowest level in two months as energy producers used drilling efficiencies to cut the time it takes to bore wells, weakening demand for more equipment.
Workers tend to a wellhead during a hydraulic fracturing operation at an Encana Oil & Gas (USA) Inc. gas well outside Rifle, in western Colorado.  (AP Photo/Brennan Linsley)

Oil seeks to develop national grasslands

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To understand why birders from across the world rave about the Pawnee National Grasslands, you have to get off Colorado Highway 14 and set off through the prairie on foot.
Categories: Crude oil
(AP Photo/Keith Srakocic)

Study examines pollutants at W.Va. drilling sites

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A recent study found benzene and other pollutants in the air at seven natural gas drilling sites in three counties.
Categories: Natural gas
An El Paso well in the Altamont field in Utah (Photo: El Paso Corp.)

Western governors unveil 10-year energy ‘vision’

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Western governors have unveiled a regional 10-year energy “vision” that stresses cooperation among states in interstate projects such as transmission lines, increased oil production and modernization of pipeline infrastructure.
An unidentified man walks along oil pipelines belonging to Agip Oil company in Obrikom, Nigeria. AP Photo/George Osodi)

Oil thefts threaten Nigeria’s economy, environment

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The first drops of crude float in the languid muddy currents of Nigeria’s oil-rich southern delta, then slowly grow into the splatter of a massive crime scene.
Categories: Crude oil
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

ND drillers to get tax breaks natural gas usage

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New legislation offers North Dakota oil drillers tax breaks beginning Monday if they stop burning and wasting natural gas.
Categories: Natural gas

Drilling Faster Just To Stay Still: A Proposal To Use ‘Production Per Unit Effort’ (PPUE) As An Indicator Of Peak Oil

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This is a guest post by Andrew McKay, who is a trained ecologist and currently works in fisheries in New Zealand. In his spare time he writes about peak oil and energy issues at Southern Limits.
Within the fields of harvest and fisheries management cat…
Categories: Uncategorized
(Photo: JOHN DAVENPORT/SAN ANTONIO EXPRESS-NEWS)

Statoil officially an Eagle Ford operator

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Statoil takes over as operator of acreage in four South Texas counties in July.
Categories: Eagle Ford, featured, General