Tag: Eagle Ford

EOG: Delaying completions is “right business decision”

EOG Resources officials elaborated on their decision to dramatically pare back well completions in 2015, telling investors the move is “the right business decision.”  More »

EOG earnings down 23 percent

EOG Resources, one of the biggest winners in the shale boom, saw its quarterly profits fall 23.4 percent as it became the latest company to suffer the effects of falling crude oil prices.  More »

Marathon cuts 2015 capital spending by another $1 billion

The cut is the second the company has made since crude prices began falling last summer.  More »

U.S. rigs are being idled, but the oil boom is not ending

The industry has become better at blasting crude out of deep underground layers of rock, according to productivity data tracked by the EIA in the major shale prospects.  More »

Carrizo Oil & Gas to cut spending 35 percent, but produce more

S.P. Johnson, Carrizo’s President and CEO, said that the increase was made possible in part by a decline in service costs and more productive wells.  More »

Feds offer guidance to would-be oil exporters

Oil processed in distillation towers is broadly okay for export, according to the new guidance document from the Commerce Department. But oils that are simply run through heater treaters are still ensnared by the 39-year-old ban on crude exports.  More »

Oil advances as funds wager on rally

Oil has slumped about 21 percent since OPEC decided to maintain its production target at a Nov. 27 meeting even as the U.S. pumps crude at a record pace.  More »

Marathon Oil will cut more than $1B from 2015 budget

Marathon Oil Corp. will spend about 20 percent less looking for and producing oil next year, the company said on Thursday.  More »

Rosetta Resources to cut 2015 spending

The company also said it would pare back the number of drilling rigs it will use and announced plans to refocus more of its budget on the Permian Basin.  More »

Big oil could chop $930B in projects as prices fall

Global oil markets could lose as much as 7.5 million barrels of crude over the next decade if sunken oil prices stall the slate of new oil and gas projects around the world, a new report says.  More »

EIA: US production to increase 115K barrels in January

Next month’s total will be nearly 2,000 bpd more than December’s rise.  More »

Eagle Ford produces billionth barrel

More than 70 percent of that production has occurred in the last two years.  More »

Production up, but methane emissions down in Permian Basin

Even though energy companies are pulling more oil out of the Permian Basin, methane emissions have been declining in the West Texas drilling hotbed.  More »

Battlecat snags $220 million in equity for South Texas drilling

The company has leases in the Eagle Ford Shale and will focus development there and in other shale plays in South Texas.  More »

Navitas Midstream to build Eagle Ford gathering line, processing plant

The project will be the first that the compan will undertake after receiving $500 million in capital from New York private equity firm Warburg Pincus.  More »
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