Photographer: Ty Wright/Bloomberg

Lucas Energy seeks merger with West Texas oil company

The two companies said they could make money on the expected $1.1 million in monthly revenue from oil production in the Eagle Ford Shale even if oil prices were at $50 a barrel.
(Brittany Sowacke/Bloomberg)

Swift Energy cuts annual budget 75 percent

Swift shares have fallen 79 percent since June 20, when oil prices peaked in 2014.
ConocoPhillips CEO Ryan Lance speaks to reporters after the company's annual meeting in May at the Omni Hotel in West Houston.  (Collin Eaton/Houston Chronicle)

ConocoPhillips cutting capital spending by 20 percent

The cut reflects lower spending on major projects, several of which are nearing completion.
An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)

Eagle Ford produces billionth barrel

More than 70 percent of that production has occurred in the last two years.
(Eddie Seal/Bloomberg)

Battlecat snags $220 million in equity for South Texas drilling

The company has leases in the Eagle Ford Shale and will focus development there and in other shale plays in South Texas.
(AP Photo/Pat Sullivan)

Navitas Midstream to build Eagle Ford gathering line, processing plant

The project will be the first that the compan will undertake after receiving $500 million in capital from New York private equity firm Warburg Pincus.

Commentary: The shakeout in US shale

My favorite quote by H.L. Mencken is ‘a cynic is a man who, when he smells flowers, looks around for a coffin‘. A bit morose, I know, but this appeals to the contrarian in me. My second favorite is überly-applicable to US shale oil break-evens: ‘For every complex problem there is an answer that is […]
(Tom Reel/San Antonio Express-News)

Eagle Ford trial settled

More than half of the trust’s beneficiaries had sued JPMorgan for more than $415 million in damages, alleging that the nation’s largest bank had cut sweetheart deals with some of its commercial clients for the mineral rights.
(Tom Reel/San Antonio Express-News)

Eagle Ford Shale mineral-rights trial moves forward

JPMorgan Chase Bank, as one-time trustee of the South Texas Syndicate Trust, is accused by some of the trust’s beneficiaries of mismanaging the mineral rights to 132,000 contiguous acres in LaSalle and McMullen counties.
(Ken Childress)

Carrizo snaps up Eagle Ford acreage for $250M

The debt-funded deal closed late last week, but Carrizo said it is scheduled pay the bulk of the purchase price by February.