Category: Eagle Ford

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 »

Report warns that violence could undermine Mexico energy reform

A new report from Rice University’s Baker Institute says violence in northern Mexico threatens to undermine the country’s energy reforms.  More »

Encana making $3.1 billion Eagle Ford buy

The agreement to purchase 45,500 net acres in Texas’s oil-rich Eagle Ford basin from Freeport’s oil and natural gas subsidiary “underscores our investment focus on high-margin assets,” Encana Chief Executive Officer Doug Suttles said.  More »

Sanchez Energy: Not as many Eagle Ford deals this year

Tony Sanchez III, president and CEO, said that the company always looks at deals being shopped publicly or privately, but said there’s not as much Eagle Ford merger and acquisition activity this year.  More »

Miley, Bieber, and Changing Global Oil Dynamics

Let’s go a little controversial here. The US oil boom is such a headline-grabbing topic at the moment that I cannot help but draw comparisons betwixt it and its pop culture equivalent, Miley Cyrus. And while on that tangent, the oil cartel OPEC reminds me of…Justin Bieber: just as US oil production is surging in […]  More »
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