Fuel Fix

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

on
Categories: featured, Shale
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.

Shale drillers’ safety net is vanishing

on
Categories: featured, Shale
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)
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.
An oil pump jacks sits on a Osage County ranch in Oklahoma. (Mayra Beltran/Houston Chronicle)

Crude prices tank after oil supply added nearly 2 million barrels

on
Crude oil prices opened lower and continued to fall in Wednesday trading, as the markets parsed new data showing the oversupply of crude isn’t about to evaporate.
Categories: Crude oil, featured

download

OSHA cites Houston manufacturer after worker struck by machine part

on
The agency has proposed penalties totaling $199,800 for four repeat and three serious violations, according to OSHA.
Categories: Accidents, Refining
A series of pipes direct natural gas in Bismarck, North Dakota. (Daniel Acker/Bloomberg)

Poll: Americans support more pipelines, including Keystone XL

on
Eight out of 10 Americans support expanding the nation’s energy infrastructure, with new pipelines and other facilities to transport oil and gas across the U.S., according to a survey released Thursday.

The Texas Panhandle sky silhouettes a Linn Energy drilling rig in Wheeler County. (Linn Energy)

US natural gas reserves rise in the global ranks

on
The US is now No. 12 in terms of proved oil reserves, but is quickly becoming a leader in natural gas reserves instead.
Categories: Crude oil
Deputies vote during a session to debate oil industry reforms at the Mexican Congress in Mexico City, Mexico, on Thursday, Dec. 12, 2013. PRD lawmakers and allies forced the legislative session into a cramped alternate auditorium at the lower house complex in Mexico City after seizing control of the permanent legislative chamber in a bid to prevent the bill from being debated. Mexico's lower house passed an energy bill that ends Petroleos Mexicanos' 75-year oil monopoly in a bid to attract foreign investment and boost growth. (Susana Gonzalez/Bloomberg)

Mexican Congress approves historic energy bill

on
Mexico’s Congress voted Thursday to open the country’s moribund state-run oil industry to private investment after a raucous, overnight debate over the most dramatic energy reform in decades.
Categories: Crude oil, Latin America
(AP Photo/Don Ryan, file)

Exxon predicts fossil fuels will reign supreme through 2040

on
Oil and gas will provide the bulk of the energy needed to fuel the world by 2040, with most of it coming from North America, Russia and the Middle East, Exxon Mobil predicted Thursday.
(StockMonkeys.com/Flickr)

Cars, trucks hit record gas mileage last year

on
The EPA is estimating that the average mileage of 2013 cars will rise another 0.4 mpg to 24.
Categories: Environment, Gasoline
Kurt Mix (center) arrives at the Hale Boggs Federal Building in New Orleans, Tuesday, Dec. 3, 2013.  (AP Photo/Jonathan Bachman)

Ex-BP engineer isn’t expected to testify at trial

on
A former BP drilling engineer isn’t expected to testify at his trial on charges he deleted text messages about the company’s response to its massive 2010 oil spill in the Gulf of Mexico.