Experts deliver another round of Eagle Ford bullishness
The development of the Eagle Ford shale continues to prompt dazzling assessments and predictions from experts, who said at an energy symposium Wednesday that in four years, the oil-rich formation could become the nation’s second-most productive shale play. More »
Report: Booming Eagle Ford Shale created 48K jobs
An oil and gas bonanza in South Texas supported nearly 48,000 jobs last year while creating overnight boom towns cashing in on a $25 billion economic windfall from the liquid-rich Eagle Ford shale, according to a university study released Wednesday. More »
Valero may have buyer for Aruba plant
Valero Energy Corp. said an interested party may be interested in buying its Aruba refinery for $350 million, plus working capital, according to a regulatory filing. More »
Pioneer Drilling swings to a profit
San Antonio-based Pioneer Drilling Co. Inc. moved into the black in the first quarter ended March 31 as net income rose to $14.2 million, or 23 cents a share, compared with a loss of $6 million, or 11 cents a share, for the same period a year ago. More »
Tesoro Logistics meets analysts’ expectations
San Antonio-based Tesoro Logistics LP reported net income of $11.6 million, or 37 cents per unit, for the first quarter ended March 31. More »
Tesoro Logistics earned $11.6 million in first quarter
Tesoro Logistics’ 37-cent earnings per unit met analysts’ expectations. More »
Valero CEO says gas prices likely have peaked
The Eagle Ford shale formation will put out 500,000 barrels of crude oil a day by the end of the year, Valero Energy Corp. (VLO) Chief Executive Officer Bill Klesse said after the company’s annual meeting in San Antonio. More »
NuStar posts mixed earnings report
NuStar Energy LP said its net income applicable to limited partners fell 18 percent in the first quarter, missing analysts’ estimates. More »
Valero to report a 1Q loss
Refiner Valero Energy Corp. said Monday that it will report a first-quarter loss as it takes a $605 million charge against earnings, or $1.10 a share, to shutter its unprofitable refinery in Aruba. More »
USW, Tesoro still discussing pact in N.D.
United Steelworkers members at Tesoro Corp.’s refinery in Mandan, N.D., voted Wednesday to authorize a strike over Tesoro’s cuts to benefits, a union leader said. More »
Tesoro Logistics purchases terminal for $75 million
‘Pipeline partnership Tesoro Logistics LP has purchased Tesoro Corp.’s crude oil marine terminal in northern California from refiner Tesoro Corp. for $75 million, the two companies announced Monday. More »
Eagle Ford roads are taking a beating
Roads that were meant for the small-town traffic of ranchers and the occasional school bus now are getting pounded by heavy trucks in the Eagle Ford Shale. More »
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