Category: Production

Oil price could bite companies whose production made it cheaper

The companies that helped turn around the domestic oil supply situation now face lower profits because crude’s become so plentiful it’s getting cheaper.  More »

Government lags in measuring gush of U.S. crude

The federal Energy Information Administration relies on state agencies for data about oil production, sometimes two years late. For natural gas, the EIA is collecting data from an outdated survey of producers in five states that was designed before technological advancements opened up new plays across the country.  More »

Eagle Ford expected to hit 1.6 million barrels next month

The Eagle Ford Shale is expected to make 1.61 million barrels of oil per day in November, up 42 percent from the year before, according to a new government report. The field is making around 1.58 million barrels of oil daily this month, according to the U.S. Energy Information Administration.  More »

Shale boom tested as plummeting prices threaten U.S. drillers

More supply from hydraulic fracturing and horizontal drilling, and less demand, are contributing to the tumble in West Texas Intermediate crude.  More »

Eagle Ford, Permian drilling production surges

According to the Texas Petro Index, oil production in Texas rose almost 20 million barrels.  More »

As unconventionals dominate, buyers and sellers flip

Just a few years ago, the hope for a smaller exploration and production was to get bought up by an industry giant hoping to add assets to its ever-expanding portfolio. Today, that dynamic has been flipped entirely on its head.  More »

WTI crude slips below $90 for first time in 17 months

West Texas Intermediate oil fell below $90 for the first time in 17 months amid signs that supplies from Russia, Saudi Arabia and the U.S. are outstripping demand.  More »

NiSource joins utility trend in forming MLP

NiSource has announced plans to spend about $8 billion to $10 billion over the next five to 10 years to expand and upgrade pipelines serving the Marcellus and Utica shale formations.  More »

Panel: Don’t expect high natural gas prices any time soon

Panelists at a Houston energy forum said natural gas prices are likely to stay at relatively low prices because of the surge in production from shale.  More »

Total announces plans to sell $10 billion in assets by 2017

French energy giant Total SA will sell $10 billion of assets from 2015 to 2017, the company announced at an event for analysts Monday, as part of a broader strategy designed to promote financial discipline within the company.  More »

Drillers can return to fight oil slump after Scotland’s ‘No’

After the failure of a referendum on Scottish independence, Shell and BP say they’ll continue working to combat an energy slump in the United Kingdom.  More »

Chevron first energy giant to meet new sustainable shale standards

The Center for Sustainable Shale said Thursday that Chevron Corp. is the first energy company to pass a review of 22 production sites in Pennsylvania, Ohio and West Virginia.  More »
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