Texas Oil and Gas Production March 2016
Most of the charts that follow were produced by Dean Fantazzini and are in barrels of output per day for oil, condensate, and oil plus condensate except where noted. In Continue Reading
Creditors Seek to Force Whistler Energy Into Bankruptcy
Creditors are attempting to force Whistler Energy II, the operator of an offshore oil platform where a worker was recently killed, into involuntary bankruptcy protection. Five creditors who say they Continue Reading
Goodbye, Super-Cheap Gas
The era of falling pump prices: It sure was nice while it lasted. U.S. average gasoline prices climbed back above $2 a gallon on Thursday for the first time since Continue Reading
Coming to the Oil Patch: Bad Loans to Outnumber the Good
Bad loans are likely to outnumber good ones soon in the U.S. oil patch, an indication of the pressure on energy companies and their lenders from the crash in prices. Continue Reading
Few bidders for Gulf of Mexico oil, gas sale
A lack of interest in new oil and gas acreage for sale in the U.S. waters of the Gulf of Mexico may be indicative of a weak energy market, the Continue Reading
Rockefeller family lashes out at Exxon Mobil
Rockefeller Family Fund pulls investments from fossil fuels industry, singling out Exxon Mobil for allegations it downplayed the impact the oil sector had on climate change. Photo by Katherine Welles/Shutterstock Continue Reading
Why Power Markets Tilt Toward Renewables Even With Cheap Oil
If you’re a power plant developer, chances are you’ll be selling renewables in a developing nation in the decades ahead — even with fossil fuel prices bumping along historic lows. Continue Reading
U.S. Oil Explorers Return to Parking Rigs as Inventories Build
The Market Trends That Might Signal Oil Has Bottomed Explorers once again idled drilling rigs in U.S. oilfields as crude inventories continue climbing, boosted by a surge in imports. Rigs Continue Reading
U.S. drillers cut oil and gas rigs for 14th straight week: Baker Hughes
Stacked rigs are seen along with other idled oil drilling equipment at a depot in Dickinson, North Dakota June 26, 2015. U.S. energy firms this week cut oil and natural Continue Reading
Oil price war threatens U.S. sense of energy security: Kemp
The political economy of oil prices in the United States is complicated. The United States is the world’s largest oil consumer and one of its biggest importers. But it is Continue Reading