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Top Eagle Ford Shale news stories – May 21-27

baker hughes rig count

Another week gone by, another deluge of news, and another weekly recap! Check out the list below to see what news articles our readers found most engaging this past week. Enjoy! 5. Texas firm cancels application to build $3.3B natural gas pipeline ALBANY, N.Y. (AP) — Houston-based Kinder Morgan has withdrawn its application for a federal permit to build a $3.3 ...

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Hercules Offshore strikes deal with lenders

NEW YORK (AP) — Oilfield services company Hercules Offshore has worked out an agreement with lenders before it seeks Chapter 11 bankruptcy protection, the second time will have done so in less than year. This time, however, the company is selling assets to pay off investors. Hercules transferred the right to acquire the rig, formerly named Hercules Highlander, to a ...

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Trump addresses energy policy at North Dakota oil expo

Trump, energy, plan, oil, North Dakota

Donald Trump’s speech on energy policy electrified the crowd Thursday at the Williston Basin Petroleum Conference in Bismarck, North Dakota. Trump’s message was simple: America first. “America’s incredible energy potential remains untapped,” Trump said. “Under my presidency, we’ll accomplish a complete American energy independence.” In front of about 7,000 people, Trump outlined an energy plan that promotes oil, natural gas ...

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Texas firm cancels application to build $3.3B natural gas pipeline

ALBANY, N.Y. (AP) — Houston-based Kinder Morgan has withdrawn its application for a federal permit to build a $3.3 billion natural gas pipeline and a network of compressor stations. The 420-mile Northeast Energy Direct pipeline was intended to send natural gas from Pennsylvania’s shale gas fields across upstate New York to New England. The company announced last month that it ...

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$50 oil shouldn’t pose major threat to consumers, economy

NEW YORK (AP) — The price of oil topped $50 a barrel this week for the first time since July, delivering a cash infusion to oil producers and a lift to beaten-down energy stocks. Yet the arrival of higher energy prices isn’t necessarily bad news for consumers — at least not yet. Analysts expect gasoline and airline fares to stay ...

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Senate passes $6.8B budget to fund Oklahoma government

OKLAHOMA CITY (AP) — The Oklahoma Senate on Wednesday approved a $6.8 billion budget proposal to fund state government over the objections of members who say it relies too much on one-time sources of revenue that won’t be available the following year. The Senate voted 30-16 for the budget bill and sent it to the House, where there is bipartisan ...

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Exxon, Chevron shareholders reject climate resolutions

Exxon annual meeting

DALLAS (AP) — Shareholders at Exxon Mobil and Chevron rejected resolutions backed by environmentalists that would have pushed the companies to take stronger stands in favor of limiting climate change. Environmentalists took solace, however, that some of their ideas gained considerable support. At Chevron Corp., a resolution asking for an annual report each year on how climate-change policies will affect ...

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Investigators: Homeowner shoots worker, turns gun on self


LONDONDERRY, N.H. (AP) — A New Hampshire man fatally shot a heating oil company employee who came to his house to do work before trying to kill himself and engaging in an hours-long standoff with police, authorities said. “What looks like happened is, the homeowner shot a person who came into the home to perform some services, and then he ...

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Retail gasoline prices across Texas average $2.07 per gallon

COPPELL, Texas (AP) — Retail gasoline prices have spiked across Texas this week going into the Memorial Day weekend to an average of $2.07 per gallon, seven cents more than last week’s average. AAA Texas on Tuesday reported the nationwide price at the pump also rose 6 cents this week to average $2.29 per gallon. The association survey found that ...

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Qatar energy minister wants ‘fair price’ in oil market

Qatar, oil market, fair price

DOHA, Qatar (AP) — The oil market is slowly recovering from its steep drop over the past two years but crude is still not trading at a “fair price” to encourage necessary investment, Qatar’s energy and industry minister said Tuesday, ahead of next week’s meeting of OPEC producers. Speaking to The Associated Press from his high-rise office in the capital, ...

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