Category: Eagle Ford

Posing a question: How do yoga revenues compare with Eagle Ford costs?

Oil companies will spend about $27 billion drilling wells in the Eagle Ford Shale this year, according to Houston energy research firm Wood Mackenzie.  More »

BHP Billiton touts Texas success

Historically, BHP Billiton’s liquids production has been offshore, but it says it’s new activities in U.S. shale are poised to make big gains for the Australian company.  More »

Laredo Energy gets $130M to up drilling

Laredo Energy has landed $130 million in private equity funding to cover its Texas drilling efforts, the Houston company said Wednesday.  More »

Q&A: Sanchez Energy rides cost-cutting to growth

One of the most influential people working at Sanchez Energy Corp. isn’t from the oil industry. He’s from General Motors, the largest U.S. auto maker and a company that has become fixated on finding new process efficiencies to help drive profits.  More »

Oklahoma City companies make an Eagle Ford deal

Oklahoma City-based Panhandle Oil and Gas Inc. announced this week that it has signed an $80.4 million agreement to purchase a 16 percent working interest in 11,100 gross acres in the Eagle Ford Shale.  More »

CEO discusses key behind Sanchez Energy’s rapid growth

Sanchez Energy’s massive planned Eagle Ford Shale buy announced Wednesday is the latest in a string of acquisitions that the three-year-old company believes will push its revenue to more than $1 billion next year.  More »

Sanchez to buy Shell’s Eagle Ford assets in $639M deal

Sanchez Energy Corp. announced Wednesday a $639 million deal to purchase 106,000 of net acres from Shell subsidiaries in the Eagle Ford Shale.  More »

Regulators: Eagle Ford boom tempts banks to make riskier loans

Long years of wringing small profits from cheap loans have tempted banks to lend more money under riskier terms, and nowhere more so than in the Texas oil boom towns where restaurateurs and hoteliers come calling every day, regulators say.  More »

Expert: Shale is a U.S. phenomenon

Shale drilling is an American phenomenon, and likely will stay that way for several more years, geopolitical strategist Peter Zeihan said this week in San Antonio.  More »

Penn Virginia’s Eagle Ford production up 15 percent

Penn Virginia recently increased its Eagle Ford position and wants to add more acreage in what it considers its most promising reservoir.  More »

Shale boom sends U.S. crude production to 28-year high

Output rose 78,000 barrels a day to 8.428 million, the most since October 1986, according to Energy Information Administration data.  More »

EOG: 26 rigs and 520 wells this year in the Eagle Ford

The Eagle Ford Shale’s biggest player is running 26 drilling rigs and is on track to drill 520 wells in the field this year.  More »
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