Tag: Eagle Ford

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 »

Eagle Ford trial settled

More than half of the trust’s beneficiaries had sued JPMorgan for more than $415 million in damages, alleging that the nation’s largest bank had cut sweetheart deals with some of its commercial clients for the mineral rights.  More »

Halcón to pull back from Tuscaloosa Marine Shale

The decision underscores the wide disparity between the economics of established shale plays and younger ones.  More »

Halcón to slash spending, cut rigs as oil prices fall

Although Halcón posted a $186.9 million profit and saw production surge 16 percent in the third quarter, the Houston-based independent oil and gas company said falling oil prices necessitate a more conservative approach in 2015.  More »

Texas leads nation in oil field job growth

The resurgence in domestic drilling made possible by new techniques like hydraulic fracturing and horizontal drilling has created thousands of new jobs since the recession, and nowhere is that more evident than the Lone Star State.  More »

BHP Billiton to export condensate overseas

BHP Billiton is preparing to export a processed, ultra-light oil overseas without the government’s explicit authorization — a move likely to be mimicked by other energy companies eager to sell crude to foreign buyers.  More »

Marathon remains committed to shale drilling despite falling oil price

Despite falling oil prices, Marathon Oil said it remains committed to key U.S. shale plays.  More »

Marathon’s profit falls 24 percent on crude price slump

Marathon Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production.  More »
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