Fuel Fix

A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

‘Rogue’ shale cracks beyond 600 meters unlikely

Hydraulic fracturing to increase gas output has a fraction of a 1 percent chance of causing unintended cracks in the earth beyond 600 meters (656 yards), according to research in Marine and Petroleum Geology.  More »
Sen. John Hoeven, R-N.D., and former Interior Secretary Ken Salazar discuss North Dakota's oil boom after visiting a rig drilling wells in the Bakken formation for Newfield Exploration Co. (Photo: Jennifer A. Dlouhy / Houston Chronicle)

Salazar: Feds still tweaking hydraulic fracturing rules

For months, the Obama administration has been preparing to unveil new regulations governing hydraulic fracturing on federal lands, but Interior Secretary Ken Salazar said the mandates are still being refined. American Indian tribes also complain they weren’t adequately consulted over the planned rule.  More »
(Photo: Flickr, Caston_Corporate)

Wilson’s Halcon agrees to buy GeoResources for $972 million

Halcon Resources Corp., the oil and natural-gas producer run by former Petrohawk Energy Corp. head Floyd C. Wilson, agreed to buy GeoResources Inc. in a cash-and- stock takeover that values the company at $972 million.  More »
A Chesapeake Energy drilling rig (Photo: Chesapeake Energy)

Chesapeake gas well failure prompts evacuation near Douglas

Several dozen residents near Douglas have evacuated because of a problem at a natural gas well.  More »
This image provided by BP's spillcam on June 6, 2010 shows oil leaking out of the Macondo well head in the Gulf of Mexico. (AP file photo/BP)

Steffy: BP engineer shouldn’t be the last to be indicted

If it hadn’t been for the leg irons and handcuffs, Kurt Mix might have looked as if he’d come straight from the office.  More »
Oil pumps work at sunset Monday, Jan. 2, 2012, in the desert oil fields of Sakhir, Bahrain, in the Persian Gulf. (AP Photo/Hasan Jamali)

Iran considers halting nuclear expansion to avert EU oil embargo

Iran is considering a Russian proposal to halt the expansion of its nuclear program in order to avert new sanctions, the country’s envoy in Moscow said.  More »
(AP Photo/Mark Lennihan)

Hess Corp. 1st-quarter profit declines 41 percent

Hess Corp. said today that first-quarter net income dropped 41 percent when compared with a year-ago quarter that included a $310 million gain from asset sales.  More »
(AP file photo/ Mikhail Metzel)

Rosneft, Eni to jointly explore oil-rich Arctic

Rosneft, Russia’s largest oil producer, and Italy’s Eni have signed a deal to jointly explore for oil and gas in Russia’s Arctic.  More »
Halliburton sign on a machine (AP Photo/David Zalubowski, File)

Halliburton opposes BP’s proposed settlement of Gulf spill

Halliburton Co. (HAL) is opposing a $7.8 billion proposed settlement between BP Plc (BP/) and lawyers suing the London-based company over the 2010 Gulf of Mexico oil spill, according to a court filing.  More »
Oil gushes from BP's Macondo well in the Gulf of Mexico on July 12, 2010. (AP Photo/BP)

Judge to hold hearing on Gulf oil spill settlement

A federal judge in New Orleans is set to preside over a hearing on a proposed class-action settlement that would resolve billions of dollars in claims against BP over the 2010 oil spill in the Gulf of Mexico.  More »
Shell's contracted drillship Noble Discoverer (is shown) in Dutch Harbor, Alaska.

Senator: Report shows Alaska profitable for oil

An Anchorage senator says the $616 million ConocoPhillips earned in Alaska during the first quarter of 2012 shows the state’s a highly profitable place to produce oil.  More »
(AP Photo/Mike Groll, File) As Denton considers fracking ban, the state's oil and gas regulator weighs in, calling the attempt "extremely misguided."

‘Fracking’ advocates, critics gearing up in Mich.

The fight over hydraulic fracturing is coming to Michigan, along with a significant environmental test for the Great Lakes state’s Republican governor.  More »