Latest News

Last updated on Fri, 20 Nov 2009
Houston gasoline prices fall 3 cents
Atlanta Business Chronicle - Oil & Gas, Fri, 20 Nov 2009
Houstonians planning to hit the road this weekend will have fatter wallets as gasoline prices fell even more this week, according to AAA Texas.
Abraxas increases 2010 capital budget by 50 percent
Atlanta Business Chronicle - Oil & Gas, Thu, 19 Nov 2009
Abraxas Petroleum Corp. has set its 2010 capital expenditure budget of $30 million, an increase of $10 million over its current annual budget. (AXAS)
Schlumberger, Technip work on surveillance solutions
Atlanta Business Chronicle - Oil & Gas, Thu, 19 Nov 2009
Schlumberger Ltd. and French energy engineering firm Technip have agreed to jointly develop subsea integrity and surveillance solutions for flexible pipes used in deep offshore oil and gas production. (SLB)
Reef Conservation Strategy Backfires
NPR - Health & Science, Wed, 18 Nov 2009
Conservationists worried about overfishing on the Pacific island of Kiribati persuaded fishermen to pick coconuts instead. The strategy backfired: Coconut oil production increased, but so did fishing. It turns out, fishermen who earned more money in coconut agriculture had more leisure time — which they spent fishing.
Colorado sanctions Dallas energy company, alleging securities violation
Atlanta Business Chronicle - Oil & Gas, Tue, 17 Nov 2009
The Colorado Division of Securities has sanctioned a Dallas-based oil and gas company, Nueces Valley Resources Inc., for allegedly offering to sell unregistered securities — the second such action against a Texas energy company in as many days.
Exco Resources Inc. gains $530.2M on sale of oil and gas assets
Atlanta Business Chronicle - Oil & Gas, Tue, 17 Nov 2009
Natural gas company Exco Resources Inc. said Tuesday in a Securities and Exchange Commission filing that the company has closed its sale of mid-continental oil and natural gas assets to Sheridan Holding Co. I LLC.
Upbeat news helps push Dow up 136 points; Delta Petroleum leads Colorado gainers
Atlanta Business Chronicle - Business Snapshot , Mon, 16 Nov 2009
The Dow rose 136 points Monday amid upbeat news on retail sales and continued low interest rates. In Colorado, Delta Petroleum led actively traded gainers.
Colorado securities regulators sanction Texas energy company
Atlanta Business Chronicle - Oil & Gas, Mon, 16 Nov 2009
Colorado Securities Commissioner Fred Joseph said Monday he has ordered a Texas oil and gas company to quit attempting to sell unregistered securities to potential investors in Colorado.
Sacramento gas prices dip, oil futures rise
Atlanta Business Chronicle - Oil & Gas, Mon, 16 Nov 2009
The Sacramento area’s average gas price dipped a penny to $2.88 on Monday, six cents cheaper than a month ago — but 63 cents more than a year ago, according to AAA’s daily fuel price report.
Gas prices coming down in Georgia
Atlanta Business Chronicle - Oil & Gas, Mon, 16 Nov 2009
Average gasoline prices in Georgia dipped slightly in the past week, according to data from AAA Auto Club South.
Gas prices slide on cheaper crude
Atlanta Business Chronicle - Oil & Gas, Mon, 16 Nov 2009
A drop in crude oil prices helped push Orlando-area gasoline prices down in the past week, with the average price of regular falling 3 cents a gallon to $2.66, AAA Auto Club South reported.
Bulk Petroleum proposes to sell 150 gas stations
Atlanta Business Chronicle - Oil & Gas, Mon, 16 Nov 2009
Bulk Petroleum Corp. would sell up to 150 gas stations to pay down debt and the company would survive with longtime owner Darshan Dhaliwal taking a minority stake, according to the company’s proposed Chapter 11 reorganization.
TPH Partners invests in new energy sectors
Atlanta Business Chronicle - Oil & Gas, Mon, 16 Nov 2009
A Houston-based energy private equity firm has made two more start-up investments that diversify its portfolio into the midstream sector and oil and gas exploration.
Oil patch bubbles with mounting deals
Atlanta Business Chronicle - Oil & Gas, Mon, 16 Nov 2009
A flurry of third-quarter merger and acquisition activity in global and domestic oil markets could signal light at the end of the tunnel.