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Eagle Ford

Report: Oil falling, but Eagle Ford, Bakken output on the rise

TPH: Production from Big Three shale plays will suffer with $50 oil

The lingering crude slump is expected to drive down production next year in the nation’s premiere oil patches — West Texas’ Permian Basin, South Texas’ Eagle Ford and North Dakota’s Bakken shale.
The EPA heard radically different views as it opened public hearings in Denver on its proposal to slash allowable methane emissions from oil and gas production. (Lucas Schifres/Bloomberg)

Raymond James: Natural gas production is slowing, but another boom could be on the way

After adding as much as 5.4 billion cubic feet per day in new production in 2014, the U.S.’s natural gas haul leveled off at about 73-75 billion cubic feet per day in early 2015, according to Raymond James.

In Eagle Ford, local officials win rights on road control

In a bitterly contested case of neighbor against neighbor over access to the spoils of the Eagle Ford Shale, a court ruling has strengthened the hand of county officials seeking to maintain control of local roads.
(Jamie Schwaberow/Bloomberg)

Anadarko Petroleum posts 73 percent decline in net income

Anadarko Petroleum Corp. posted a 73 percent decline in second-quarter net income Tuesday as it got lower prices for the extra oil and gas it was pumping from wells in Colorado and Texas.
(Eddie Seal, Bloomberg News)

Goodrich Petroleum sells Eagle Ford land

Goodrich Petroleum Corp. said Monday it would sell nearly half of its Eagle Ford leases in a $118 million deal.
A well is drilled at an Apache Energy site in the Permian Basin in Midland, Texas, Feb. 14, 2012. (Jim Wilson/The New York Times)

New data reveals which U.S. fracking wells needed the most water to drill

The shale plays where hydraulic fracturing, or fracking, dominated the majority of oil and gas drilling were also the same plays where water use was highest, ranging between 2.6 million gallons and 9.7 million gallons of water per well.
Noble Energy hunts for oil offshore Israel in the Tamar field. The Houston-based oil company has stalled its Israel investments after a dispute with the country's anti-trust regulators. (Noble Energy)

Noble outflanked a pair of rivals to secure Rosetta deal, docs show

Noble Energy outbid at least two other companies interested in buying Rosetta Resources by sweetening its offer and agreeing to pay a higher premium for the smaller independent producer than the other firms were willing to spend, newly released regulatory filings reveal.
dollar falling graph

Water recycling costs coming down in South Texas

Shale wells require millions of gallons of water. Hydraulic fracturing pumps water, chemicals and sand at high pressure to crack shale, allowing oil and gas to flow up a well.
(Photo by Eddie Seal for Bloomberg News)

Analysts: Eagle Ford drilling will get a lot cheaper by mid-2016

The oil slump hasn’t stopped producers in the South Texas play from getting better at targeting oil-rich rock in lateral sections of their horizontal wells.
(Photo by Eddie Seal for Bloomberg News)

EIA: U.S. shale production set to fall again in June

Output growth is shrinking even in the Permian Basin, where oil companies have kept more horizontal rigs drilling for oil.