Tag: Eagle Ford

Crude oil rides Texas’ rails with little tracking

For generations of producers drillers in Texas, where a vast pipeline system has grown with the fits and starts of the oil industry’s notorious business cycle, railroads provided little more than a relatively expensive last resort. But in the boom associated with the hydraulic fracturing, producers increasingly enlist trains to handle the glut.  More »

Ending ban on oil exports would mean cheaper gasoline, energy executive says

ConocoPhillips senior economist Helen Currie, citing a study by the energy consulting firm IHS Inc., said prices at the pump would fall by about 8 cents a gallon should crude exports be allowed.  More »

UT study to look at economic potential of Mexican shale

Thomas Tunstall, research director of the UTSA Institute for Economic Development, said the group plans to start a study of the Burgos Basin in Mexico.  More »

Natural gas will dominate Texas electric growth, report says

Natural gas power plants will represent almost all the growth in Texas electricity generation until at least 2040, the U.S. Energy Department reports.  More »

EIA: Eagle Ford to cross 1.5 million daily barrels in September

The U.S. Energy Information Administration expects the Eagle Ford Shale to produce 1.51 million barrels of crude oil and other liquids daily in September. It would be a gain of around 31,000 daily barrels over August production for the South Texas field.  More »

New pipeline to move stranded oil from Eaglebine

An Oklahoma firm is planning a pipeline to carry crude docked at the ancient meeting place of shale and sandstone formations in East Texas to Houston’s oil refining hub.  More »

Marathon Oil earnings up on U.S. oil output

Rising shale oil production pushed Marathon Oil Corp.’s profits up 27 percent in the second quarter as the firm worked to improve its hydraulic fracturing in North America.  More »

One condensate cargo sails away, but others could take time

A cargo of minimally processed condensate is now sailing away from the port of Galveston, becoming the first known export of that ultra-light oil to a country other than Canada. But Eagle Ford oil producers are hoping it isn’t the last.  More »

ConocoPhillips’ profit rises as production increases

Surging U.S. oil production helped lift ConocoPhillips’ profit by 1.5 percent in the second quarter as the company reported significant increases in output from the Eagle Ford and Bakken shales.  More »

Anadarko profits fall on one-time costs; production jumps

Anadarko Petroleum Corp.’s profits dropped 76 percent in the second quarter on $442 million in derivative losses, impairments and other one-time costs even as its oil production climbed higher, the company reported Tuesday.  More »

More Nuggets on the US Energy Boom

I didn’t intentionally seek out these nuggets on  the US energy boom – especially so quickly after my recent involvement with Miley and Mr Bieber - but they were just conveniently there. Fast food if you like. As crude oil production hits a new 28-year high and natural gas continues to achieve higher and higher record levels of […]  More »

Report: 10 percent more Eagle Ford wells this year

Operators working in the Eagle Ford Shale started drilling 2,364 new wells in the first six months of the year, according to the latest Baker Hughes Well Count.  More »
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