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 »
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 »
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 »
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 »
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.
ConocoPhillips senior economist Helen Currie, citing a study by the energy consulting firm IHS Inc., said prices at the pump would fall by about 8 cents a gallon should crude exports be allowed. More »
Thomas Tunstall, research director of the UTSA Institute for Economic Development, said the group plans to start a study of the Burgos Basin in Mexico. More »
Houston-based Blue Dolphin Energy is turning a p;rofit on a refinery east of San Antonio that gets all its feedstock from the Eagle Ford Shale. More »
Natural gas power plants will represent almost all the growth in Texas electricity generation until at least 2040, the U.S. Energy Department reports. More »
The U.S. Energy Information Administration expects the Eagle Ford Shale to produce 1.51 million barrels of crude oil and other liquids daily in September. It would be a gain of around 31,000 daily barrels over August production for the South Texas field. More »
EOG Resources Inc. executives said Wednesday they’re optimistic about the prospects for the Second Bone Spring Sand, its latest target for drilling, which sits beneath the Leonard Shale in southeast New Mexico.
An Oklahoma firm is planning a pipeline to carry crude docked at the ancient meeting place of shale and sandstone formations in East Texas to Houston’s oil refining hub. More »
Alamo Tube Co. is building a new pipe mill at Alamo Junction Rail Park in the San Antonio suburb of Elmendorf. More »
I didn’t intentionally seek out these nuggets on the US energy boom – especially so quickly after my recent involvement with Miley and Mr Bieber - but they were just conveniently there. Fast food if you like. As crude oil production hits a new 28-year high and natural gas continues to achieve higher and higher record levels of […] More »
Operators working in the Eagle Ford Shale started drilling 2,364 new wells in the first six months of the year, according to the latest Baker Hughes Well Count. More »