Agatha Christie-like mysteries face the oil market

One and a quarter centuries to the day after the birth of Agatha Christie, and markets remain shrouded in mystery ahead of Thursday’s potential US interest rate hike. Persistent fears about emerging market economies dominate sentiment; Chinese equities were spooked 3.5% by these fears overnight, while scary South Korean import and export data did little […]
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Money Roll

Royalty checks shrink as oil, gas prices tumble

Land owners who leased their property to drillers during the oil and gas boom with the promise of steady income are feeling the pinch, the Dallas Morning News reported
(Valero Energy Corp.)

Wood Group partners with Koch Industries to convert Texas refinery for Eagle Ford oil

The $600 million “Project Eagle Ford” by Koch’s Flint Hills Resources subsidiary is part of a growing trend as more Gulf Coast refineries move to utilize cheaper, nearby domestic shale crude.
A map included in the Sierra Club's report shows the position of several schools near the W.A. Parish power plant in Fort Bend County. (Screengrab of Sierra Club report)

Sierra Club: NRG coal plant near Houston violates pollution standards

While NRG disputes the claims, the Sierra Club study contends the W.A. Parish power plant in the small town of Thompsons is exceeding allowable sulfur dioxide emissions by more than twice the federal standard in its highest concentrations.

Commentary: Focus for oil is on inventory, jobs data

Once again, the API has put the cat among the pigeons ahead of the weekly EIA inventory report. Prices had already spent yesterday getting stomped on all day, before the API released its report, revealing a surprise 7.6 million barrel build versus the expectation for a minor 0.8 mb draw. This was the largest build […]

In Eagle Ford, local officials win rights on road control

In a bitterly contested case of neighbor against neighbor over access to the spoils of the Eagle Ford Shale, a court ruling has strengthened the hand of county officials seeking to maintain control of local roads.
(AP photo/Brennan Linsley)

Encana sends Louisiana shale assets to private venture in $850 million deal

Encana Corp. said Tuesday it will sell $850 million of Louisiana shale play acreage to a partnership between a closely held Woodlands oil and gas driller and a private equity firm.

Report: Oil falling, but Eagle Ford, Bakken output on the rise

Oil prices are tumbling this year, but production from the Eagle Ford Shale and Bakken formation increased slightly between June and July, according to Bentek Energy. Average oil production in the Eagle Ford in South Texas was 1.6 million barrels per day in July, up by about 10,000 daily barrels over June production. It was an
Categories: Eagle Ford
Eagle Ford Shale production to dip in August

CFO leaves struggling Goodrich Petroleum

Goodrich, which could soon receive a delisting warning from the New York Stock Exchange for trading below $1 for 30 consecutive business days, saw its stock close at a new low Wednesday of 71 cents a share, down 7 cents for the day.
A Swift Energy Co. production facility in Lake Washington off the Louisiana coast. (Swift Energy Co.)

Swift Energy risks NYSE delisting

Swift, which focuses on exploration and production in Texas and Louisiana, has struggled financially for a few years, but has seen its value dip precipitously along with oil prices since last year.