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Oil field workers drill into the Gypsum Hills near Medicine Lodge, Kan., in 2012. (AP Photo/Orlin Wagner, File)

Oil-price drop rattles smaller operators in Kansas

Plunging crude prices are hitting oil producers especially hard in places like Kansas, where the industry is dominated by smaller, independent operators who depend more heavily on the cash flow from producing wells to pay for drilling new ones.  More »

A&M report: Hydraulic fracturing adds to water stress in the Eagle Ford Shale

  Hydraulic fracturing in the Eagle Ford Shale is adding water stress to a region where aquifers already are being overdrawn, according to a new report from the Mosbacher Institute at Texas A&M University. The report, released this week, looks at water use in the 26-county Eagle Ford, which swoops 400 miles from Webb County […]  More »

Is Eagle Ford Shale production rising or falling?

Oil prices have taken a dive, but production in the Eagle Ford Shale in South Texas – and other shale oil basins – will keep climbing in January. At least according to the U.S. Energy Information Administration. The Eagle Ford is likely to produce 1.685 million barrels daily of crude oil and the light oil known as condensate, […]  More »

EIA revises U.S. oil growth expectations

The U.S. Energy Information Administration said it’s expecting declining drilling activity in 2015 due to dropping oil prices. Companies will redirect investment into the core areas of major shale fields, the agency said. But prices should remain high enough to support development drilling activity in the Bakken (North Dakota and Montana), Eagle Ford Shale  (South […]  More »

Update: Three contractors dead, two hospitalized in workover rig fire

Three contractors injured in a workover rig accident in La Salle County on Oct. 24 have died and two others remain hospitalized at San Antonio Military Medical Center. All of the contractors suffered serious burns in a fire in a remote area of La Salle County, one of the busiest areas in the Eagle Ford […]  More »

5 Star SWD building new Eagle Ford disposal facilities

Spicewood-based 5 Star SWD LLC announced it has secured a second salt water disposal facility location in the Eagle Ford Shale. The company has started construction on the new facility, 5 Star Whitsett SWD, off of Interstate 37 in Three Rivers. It’s expected to open in the first quarter of 2015. The facility has a […]  More »

Ziff completes Eagle Ford study

Ziff Energy said it has completed its first benchmarking study in the Eagle Ford Shale. It started the project earlier this year, which compared the production operations of participating companies. ”This study is a critical tool for Eagle Ford operators to manage continuous improvement initiatives by identifying cost performance gaps and opportunities to improve production […]  More »

Kinder Morgan, Cheniere make agreements for Corpus Christi LNG

Kinder Morgan Inc. and Cheniere Energy Inc. have announced transportation and storage agreements for the planned liquefied natural gas export plant in Corpus Christi. Kinder Morgan, through Kinder Morgan Texas Pipeline, Kinder Morgan Tejas Pipeline and Tennessee Gas Pipeline Co, has 15-year firm transportation agreements and a multi-year storage agreement with Cheniere through its subsidiary, […]  More »
Protests were held in November against corruption in Brazil. Miguel Schincariol /AFP/Getty Images

Brazil charges 35 in Petrobras scandal

The formal charges cap a months-long investigation dubbed “Operation Car Wash.”  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Ecuador case against Chevron before Canadian court

Lawyers have fought for years in several countries over who’s responsible for pollution in the rain forest.  More »
(AP Photo/Paul Sancya, File)

Enbridge settles Michigan class-action suit over spill

A pipeline leak spewed more than 800,000 gallons of crude oil into the Kalamazoo River and Talmadge Creek in July 2010, resulting in one of the costliest onshore oil spills in U.S. history.  More »
A Gunnison Sage Grouse. (AP Photo/Colorado Parks and Wildlife, Dave Showalter)

Sage grouse scares off BLM oil, gas bidders in Nevada

The U.S. Fish and Wildlife Service is expected to decide early next year whether to grant a petition by conservationists to list the bird as threatened or endangered.  More »
Yellow oil barrels

Crude oil climbs back from 5-year lows

WTI for January delivery rose 77 cents, or 1.2 percent, to settle at $63.82 a barrel.  More »

ConocoPhillips cuts capital budget, will focus on Eagle Ford, Bakken

Via Laura Goldberg, FuelFix: ConocoPhillips set its 2015 capital budget at $13.5 billion, a decrease of 20 percent over this year, the Houston oil and gas company said Monday. That reflects lower spending on major projects, several of which are nearing completion, and deferral of spending on North American unconventional plays. Despite the cut, the […]  More »

Do gasoline prices impact home prices?

Via Ryan Holeywell, FuelFix: HOUSTON — Gasoline prices likely have an impact on residential property values, depending largely on a home’s proximity to the city center, according to a new study by the Brookings Institution, a Washington, D.C.-based think tank. The effect is likely due to consumers who become more wary of long commutes when […]  More »
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