Tag: Eagle Ford

Oil rout goes unnoticed in Eagle Ford shale

U.S. benchmark West Texas Intermediate oil has dropped 24 percent from its June high, but oil workers in the Eagle Ford shale can’t help but feel optimistic.  More »

Oil rigs slump by most in two months after prices slide

Rigs targeting oil in the U.S. fell by the most in two months as producers curbed drilling following the biggest price rout since 2012.  More »

Investor says Swift Energy needs to cut debt

Swift Energy’s debt has ballooned to nearly $1.2 billion and has shareholders nervous.  More »

Frac sand company sees IPOs today, mergers tomorrow

It’s a good time to be among the handful of companies providing sand to the oil industry — one of the largest projects that the market will grow 30 percent in 2014.  More »

Proposed LNG plant aims to fuel drilling rigs, pressure pumpers

Drilling companies in the booming Permian Basin may soon have an option to power their heavy-duty equipment with the same stuff they’re pumping from the ground.  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 »

Eagle Ford continues to gush despite rapid well declines

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.  More »

Encana buying Permian-focused Texas company for $5.9 billion

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.  More »

Cabot snaps up more Eagle Ford acreage for $210M

With the purchase, Cabot Oil & Gas will add about a third to its land position in South Texas.  More »

Eagle Ford booms to the tune of $87 billion

Economic activity related to oil and gas exploration in South Texas is up 43 percent in just the last year in the region.  More »

More Texans working for oil and gas companies

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.  More »
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