Eagle Ford Shale production surges, despite dramatic well declines in the first year, the EIA reported.

Eagle Ford continues to gush despite rapid well declines

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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.
Doug Suttles, Encana President and CEO

Encana buying Permian-focused Texas company for $5.9 billion

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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.
(Tom Reel/San Antonio Express-News)

Cabot snaps up more Eagle Ford acreage for $210M

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With the purchase, Cabot Oil & Gas will add about a third to its land position in South Texas.
Drilling at Marathon Oil Corp.'s operations in the Eagle Ford Shale formation in South Texas. (Marathon Oil)

Eagle Ford booms to the tune of $87 billion

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Economic activity related to oil and gas exploration in South Texas is up 43 percent in just the last year in the region.
(Ken Childress)

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

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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.

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

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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.
Texas Railroad Commissioner David Porter. (photo courtesy of Texas Railroad Commission)

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

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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.

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

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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 Texans working for oil and gas companies

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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.
(AP Photo/Pat Sullivan)

Midstream firms build to meet Eagle Ford condensate production

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Buckeye Partners and other midstream interests are betting millions on light oil called condensate from the Eagle Ford Shale.
Categories: Eagle Ford, Markets