A Swift Energy Co. production facility in Lake Washington off the Louisiana coast. (Swift Energy Co.)

Eagle Ford producer leases Exxon’s old space

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The Houston-based exploration firm plans to move into former Exxon Mobil space in the Five Greenspoint Place 19-story building at 17001 Northchase Drive.
(Tom Reel/San Antonio Express-News)

Eagle Ford shale oil boom turns to bust

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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.
(Tom Reel/San Antonio Express-News)

Pioneer Natural Resources to cut budget by 45 percent

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Pioneer reported late Tuesday a profit of $431 million or $2.91 per share.
Photographer: Ty Wright/Bloomberg

Lucas Energy seeks merger with West Texas oil company

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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.
(Brittany Sowacke/Bloomberg)

Swift Energy cuts annual budget 75 percent

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Swift shares have fallen 79 percent since June 20, when oil prices peaked in 2014.
ConocoPhillips CEO Ryan Lance speaks to reporters after the company's annual meeting in May at the Omni Hotel in West Houston.  (Collin Eaton/Houston Chronicle)

ConocoPhillips cutting capital spending by 20 percent

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The cut reflects lower spending on major projects, several of which are nearing completion.
(Eddie Seal/Texas Tribune)

Eagle Ford produces billionth barrel

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More than 70 percent of that production has occurred in the last two years.
(Eddie Seal/Bloomberg)

Battlecat snags $220 million in equity for South Texas drilling

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The company has leases in the Eagle Ford Shale and will focus development there and in other shale plays in South Texas.
(AP Photo/Pat Sullivan)

Navitas Midstream to build Eagle Ford gathering line, processing plant

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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.
(ALEXANDER KLEIN/AFP/Getty Images

Commentary: The shakeout in US shale

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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 ├╝berly-applicable to US shale oil break-evens: ‘For every complex problem there is an answer that is […]