Eagle Ford, Bakken shale production on the decline

Eagle Ford, Bakken shale production on the decline

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Output from the Eagle Ford has been falling since March 2015.
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Eagle Ford oil theft defendant headed to prison

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The first defendant accused in an Eagle Ford Shale oil theft scheme was sentenced Wednesday in Del Rio.

Crude trying to muster first gain of the year amid OPEC chatter, EIA data

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One hundred and six years after the birth of Luise Rainer, and oil continues in its enthralling escapade – trying to muster a bounce for the first time in 2016 and escape the clutches of twenty-dollardom. The crude complex is pushing higher for now, buoyed by a brighter mood in US and European equity markets […]
Categories: Africa, Crude oil, Eagle Ford
A pedestrian walks past an electronic stock board displaying an advertisement for Chinese stocks outside securities firm in Tokyo, Japan, on Thursday, Jan. 7, 2016. Japanese stocks fell for a fourth day, extending a global slide that's seen shares post their worst start to a year since 2000, after China again cut the reference rate for the yuan and trading in the world's second-biggest equity market was halted. Photographer: Tomohiro Ohsumi/Bloomberg

China worries, petro-state woes and dollar rally weigh on crude

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Fifty-two years after Johnny Cash’s “Ring of Fire” became the first country album to top the US pop album chart, and the crude complex is stuck in a vicious circle once more. We have nada-nothing-nil on the economic data front today, as is the way after the first-week-of-the-month-economic-data deluge, although Q4 earning season kicks off after hours […]
The Angelica Schulte docked in the Houston Ship Channel (Enterprise Products Partners)

First crude oil export cargo from Houston Ship Channel leaving this week

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Crude oil exports began at the very end of 2015 shortly after Congress voted to end the 40-year ban.
In search of natural gas, Jacob Spraggins with Helmerich & Payne works on a drill in the Piceance Basin on the western slope of the Rocky Mountains, Monday, June 22, 2009, in Rio Blanco County. (Johnny Hanson / Chronicle)

Total U.S. rig count dips below 700 for first time since 1999

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The year fittingly ended with the oil rig count declining by two rigs for a 2015 defined by energy austerity as the price of oil plummeted beginning in the latter half of 2014, according to weekly data released by oil field services firm Baker Hughes.
The SKS Trent oil tanker passes through the Houston Ship Channel near Morgan's Point, Texas as Ed Phillip fishes on October 14, 2004.  Crude oil rose to a record $54.76 a barrel in New York after an Energy Department report showed that
U.S. supplies of heating oil plunged last week.
Photographer: Craig Hartley/Bloomberg News

ConocoPhillips, NuStar say they’re first to export U.S. oil

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The two companies said they plan to finish loading the Eagle Ford crude cargo on Thursday at the Port of Corpus Christi.
TPH report: At $50 oil, Eagle Ford production could dip 13 percent

Eagle Ford Shale counties top Texas production for October

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Communities in the Eagle Ford Shale topped the state’s list of the biggest crude oil, condensate and natural gas producers in October, according to preliminary data released this week by the Texas Railroad Commission. Karnes County continues to pump more crude oil than any other county, with nearly 6.39 million barrels produced in October.
David Porter, chairman of the Texas Railroad Commission, speaks Tuesday 11-10-2015 during the Executive Oil Conference at the Midland County Horseshoe Pavilion.
Tim FischerReporter-Telegram

David Porter won’t run for reelection to Texas Railroad Commission

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Texas Railroad Commission Chairman David Porter announced today that he will not campaign for re-election to the commission. Porter is a CPA from Midland, but was well known in South Texas communities for organizing the Eagle Ford Task Force. He released this statement: “After much thought and consideration, my wife Cheryl and I have decided to
(Kristen Hays/Houston Chronicle)

Rising Gulf of Mexico production helping offset the drop in shale

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Into the second week of the month we go, and we see the usual dearth of economic data that follows Nonfarm Friday. The only release of note overnight was a disappointing German industrial production print, while we do get some energy-related data via the EIA’s drilling productivity report to tide us over. The spirit of Louis […]