Category: Eagle Ford

Eagle Ford shale oil boom turns to bust

More than five years of rising oil prices spurred thriving sales of million-dollar trophy homes in Calgary and a doubling of home prices in the last decade.  More »

Pioneer Natural Resources to cut budget by 45 percent

Pioneer reported late Tuesday a profit of $431 million or $2.91 per share.  More »

Lucas Energy seeks merger with West Texas oil company

The two companies said they could make money on the expected $1.1 million in monthly revenue from oil production in the Eagle Ford Shale even if oil prices were at $50 a barrel.  More »

Swift Energy cuts annual budget 75 percent

Swift shares have fallen 79 percent since June 20, when oil prices peaked in 2014.  More »

ConocoPhillips cutting capital spending by 20 percent

The cut reflects lower spending on major projects, several of which are nearing completion.  More »

Eagle Ford produces billionth barrel

More than 70 percent of that production has occurred in the last two years.  More »

Battlecat snags $220 million in equity for South Texas drilling

The company has leases in the Eagle Ford Shale and will focus development there and in other shale plays in South Texas.  More »

Navitas Midstream to build Eagle Ford gathering line, processing plant

The project will be the first that the compan will undertake after receiving $500 million in capital from New York private equity firm Warburg Pincus.  More »

Commentary: The shakeout in US shale

My favorite quote by H.L. Mencken is ‘a cynic is a man who, when he smells flowers, looks around for a coffin‘. A bit morose, I know, but this appeals to the contrarian in me. My second favorite is überly-applicable to US shale oil break-evens: ‘For every complex problem there is an answer that is […]  More »

Eagle Ford trial settled

More than half of the trust’s beneficiaries had sued JPMorgan for more than $415 million in damages, alleging that the nation’s largest bank had cut sweetheart deals with some of its commercial clients for the mineral rights.  More »

Eagle Ford Shale mineral-rights trial moves forward

JPMorgan Chase Bank, as one-time trustee of the South Texas Syndicate Trust, is accused by some of the trust’s beneficiaries of mismanaging the mineral rights to 132,000 contiguous acres in LaSalle and McMullen counties.  More »

Carrizo snaps up Eagle Ford acreage for $250M

The debt-funded deal closed late last week, but Carrizo said it is scheduled pay the bulk of the purchase price by February.  More »

A lot’s changed since 1980s, but lower oil prices still cause unease

Oil prices have fallen this year, and that’s causing people in the oil capital to remember a much deeper slump 30 years ago.  More »

Cabot’s profits soar 44 percent on climbing production

The Houston energy producer posted record high production thanks largely to its footprint in the Marcellus Shale and Eagle Ford Shale.  More »

Oil rout goes unnoticed in Eagle Ford shale

U.S. benchmark West Texas Intermediate oil has dropped 24 percent from its June high, but oil workers in the Eagle Ford shale can’t help but feel optimistic.  More »
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