Category: Eagle Ford

Eagle Ford continues to gush despite rapid well declines

Although Eagle Ford wells tend to drop in production by 60 to 70 percent in the first year, the shale has seen significant surges in crude oil production, the U.S. Energy Information Administration said in a report released Monday.  More »

Encana buying Permian-focused Texas company for $5.9 billion

Calgary-based Encana Corp. will buy Fort Worth’s Athlon Energy in a deal worth $7.1 billion that will give the Canadian company’s a sizable footprint in the Permian Basin.  More »

Cabot snaps up more Eagle Ford acreage for $210M

With the purchase, Cabot Oil & Gas will add about a third to its land position in South Texas.  More »

Eagle Ford booms to the tune of $87 billion

Economic activity related to oil and gas exploration in South Texas is up 43 percent in just the last year in the region.  More »

Condensate production booming, but fight over definition limiting exports, EIA official says

The director of the U.S. Energy Information Administration said that U.S. production of condensate, a light oil separated from natural gas, has never been higher. But a fight over the substance has kept exports low.  More »

UTSA, Southwest Research find a new way to clean frack water

The University of Texas at San Antonio and the Southwest Research Institute say they have found an inexpensive way to treat the water that flows back to the surface after hydraulic fracturing. A team of researchers used a plant matter called biochar to remove impurities from the flowback water.  More »

Back from South Texas, regulator re-warns of pipeline threat

Texas Railroad Commissioner David Porter returned Thursday from a visit to oil installations with a grim safety assessment. But the industry, he stressed, was not to blame.  More »

Brent crude falls below $100 for first time in 14 months

Brent crude fell below $100 a barrel for the first time since June 2013 as a slowdown in imports into China reinforced signs of surplus supply. West Texas Intermediate dropped to the lowest in almost eight months.  More »

More Texans working for oil and gas companies

The 302,700 workers estimated to work for services and exploration and production companies marked the first time employment in the industry has exceeded 300,000 since his Texas Petro Index began tracking the numbers in 1995, said its developer, economist Karr Ingham.  More »

Midstream firms build to meet Eagle Ford condensate production

Buckeye Partners and other midstream interests are betting millions on light oil called condensate from the Eagle Ford Shale.  More »

Buckeye Partners to buy $860 million in Trafigura Eagle Ford midstream assets

Buckeye Partners L.P. said Tuesday it would enter the fast-growing Eagle Ford region with an $860 million deal to acquire an 80 percent interest Trafigura AG’s South Texas midstream assets.  More »

Water resources a problem for energy extraction worldwide, report finds

According to the analysis by the World Resources Institute, 38 percent of the earth’s shale gas and tight oil resources are in areas that are either arid or under high levels of water stress already _ a scenario that does not mesh with the high water demands of today’s extraction techniques.  More »

Crude oil rides Texas’ rails with little tracking

For generations of producers drillers in Texas, where a vast pipeline system has grown with the fits and starts of the oil industry’s notorious business cycle, railroads provided little more than a relatively expensive last resort. But in the boom associated with the hydraulic fracturing, producers increasingly enlist trains to handle the glut.  More »

Commentary: Mexico enters shale play

While the energy world has been focused on Canadian shale over the past few years, Mexico has been quietly emerging as a major player in the crude oil and natural gas industry. With the recent passage of massive energy reforms in Mexico, billions of barrels of oil and trillions of cubic feet of natural gas […]  More »

Texas lawmakers focus on oil boom

Above all, the oil boom has emerged as a singular force driving the state’s great challenge of the 21st century, the post-urbanization population surge.  More »
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