Article 443
NuStar profit slips in 2nd quarter, beats Street estimates

Second-quarter profits for NuStar Energy slid 5.6 percent to $40 million, which beat Wall Street’s estimates. The San Antonio-based master limited partnership earned 52 cents per share, down from 54 cents per share for the same quarter the prior year when it made $42.4 million. NuStar, which owns pi ...

Pioneer Energy Services narrows losses

  Contract driller Pioneer Energy Services landed in the red in the second quarter again with a loss of $30 million, or 46 cents a share, which wasn’t as bad as Wall Street analysts were expecting. Demand for the San Antonio company’s services, which include contract drilling and oil prod ...

Texas has lost 84,000 oil and gas jobs in the oil bust

Texas lost 84,000 oil and gas jobs in just 16 months, according to the Texas Alliance of Energy Producers, which has been tracking the impact of the oil and gas bust across the state. Karr Ingham, the petroleum economist who authors the group’s Texas Petro Index (which has also been in decline for 1 ...

Koch Pipeline Co. L.P said it may restart an existing crude oil pipeline system in the northeastern section of the Eagle Ford Shale, known as the Eaglebine. The possible restart in 2016 includes pipeline, storage and truck unloading stations in north central Burleson and eastern Lee counties. Last y ...

Here’s what it costs to drill a shale well these days

It’s been getting cheaper to drill and complete oil and gas wells since 2012. A new report from the U.S. Energy Information Administration found that average well drilling and completion costs last year had fallen 25 to 30 percent below 2012 prices – the high point of the last decade. ...

Eagle Ford rig count down 70 percent in the last year

The number of drilling rigs working in the Eagle Ford Shale is a fraction of what it was a year ago, down 70 percent. There are 47 drilling rigs still working in the South Texas field, which arcs from the border near Laredo toward the College Station area on the eastern edge of the field. ...

Eagle Ford Shale oil output to fall again in March

Oil production from the Eagle Ford Shale has been dropping for a year. The amount of crude and the light oil condensate, a light oil, flowing from the South Texas field will dip again in March, according to a report from the U.S. Energy Information Administration. ...

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