A Swift Energy Co. production facility in Lake Washington off the Louisiana coast. (Swift Energy Co.)

Swift Energy risks NYSE delisting

on
Swift, which focuses on exploration and production in Texas and Louisiana, has struggled financially for a few years, but has seen its value dip precipitously along with oil prices since last year.
Oil field workers in 2012  drill into the Gypsum Hills near Medicine Lodge, Kan.   U.S. Steel said Tuesday it will lay off about 750 employees from two plants that make tubular steel, which is used in oil and gas drilling(AP Photo/Orlin Wagner, File)

Goodrich aims to keep afloat as stock plummets

on
Chairman and CEO Gil Goodrich said in a conference call the company is selling much of its Eagle Ford Shale acreage in Texas for $118 million to “boost our liquidity and lengthen our runway.” The sale is going to an unnamed buyer so Goodrich Petroleum can keep itself afloat financially and pay off existing debt. The company said it would net a $50 million gain from the deal.
(Eddie Seal/Bloomberg News)

Eagle Ford Shale tops Texas list of top crude, gas producers

on
Communities in the Eagle Ford Shale in South Texas topped the state’s list of the top oil- and natural gas-producing counties in June, according to data released this week by the Texas Railroad Commission. Karnes County continues to pump more crude oil than any other county, with nearly 6.8 million barrels produced in June.
I-love-it-when-a-plan-comes-together-300x220

Commentary: Exporting the U.S. Shale Boom

on
After already writing about Indiana Jones this week, and kicking off this post with an homage to The A-Team’s Hannibal (George Peppard, of course), you may think that I am stuck in the eighties, but I assure you this is not the case. (Mostly). The reason for the aforementioned Hannibal reference is because I was mulling over […]
FRACKING SAND

A big, fat delivery of frac sand arrives in the Eagle Ford Shale

on
Unimin said that it, with Union Pacific Railroad, delivered the sand to the Mission Rail Terminal in Elmendorf. The unit train was 6,200 feet long and was powered by four diesel engines.
Cheniere Energy is considering building a terminal in Ingleside to store and and ship condensate. (Courtesy Cheniere Energy)

Cheniere exec says company is moving ahead on $550 million La Quinta project

on
A top Cheniere executive provided an update on the project at an energy conference in Houston on Monday, months after the company first revealed that it was hoping to build a marine and storage terminal on a 552-acre site along the La Quinta Ship Channel.
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)

Enterprise scoops up Eagle Ford pipes in $2 billion deal

on
The deal will shift $2 billion in assets from Eagle Ford Shale Midstream, a joint venture owned by Dallas-based Pioneer Natural Resources and India’s Reliance Industries Ltd, to the Houston-based Enterprise Products Partners.
dollar falling graph

Water recycling costs coming down in South Texas

on
Shale wells require millions of gallons of water. Hydraulic fracturing pumps water, chemicals and sand at high pressure to crack shale, allowing oil and gas to flow up a well.
Linn Energy CFO Kolja Rockov (far left) and and then-Senior Vice President of Business Development David Rottino (far right) pictured with other Linn executives in front of the NASDAQ exchange in New York City in 2011. (Linn Energy handout)

Linn Energy among hardest hit E&Ps on Wall Street

on
Jeff Tillery, Houston-based managing director and head of research at Tudor, Pickering, Holt & Co., said Linn’s dip in value made sense because the large offering coincided with a bad day for oil prices.
Tony Sanchez, chief executive officer for Sanchez Energy Corp. (Eddie Seal/Bloomberg)

Sanchez Oil & Gas makes MLP and executive moves

on
The Houston-based, exploration and production family of companies began entering the master limited partnership space after acquiring much of Houston-based Constellation Energy Partners LLC. Constellation last year was changed into Sanchez Production Partners, or SPP. But then, in March, the company became a limited partnership in the MLP structure.