Category: Eagle Ford

Southton Rail Yard is part of Eagle Ford shale boom

Southton Rail Yard is one of the latest rail sites in South Texas to expand — or appear from scratch in a swath of cleared brush and mesquite — as part of the ripple effect of the Eagle Ford Shale drilling boom.  More »

Feds: Eagle Ford will lead shale production growth in July

The U.S. Energy Information Administration expects that the Eagle Ford Shale will produce 1.4 million barrels of crude oil and other liquids daily in July.  More »

Former Copano execs get $500M to start new pipeline firm

The executives who sold Copano Energy to Richard Kinder’s pipeline empire for $3.2 billion last year have lined up $500 million to start a new oil and gas pipeline company.  More »

Anadarko: 1,000 Eagle Ford wells and counting

The Woodlands-based Anadarko Petroleum Corp. has drilled more than 1,000 Eagle Ford Shale wells so far — and it’s averaging bringing one new well online every day.  More »

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 »
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