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permian basin

(Photo by Eddie Seal for Bloomberg News)

Eagle Ford Shale tops Texas list of top crude, gas producers

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Communities in the Eagle Ford Shale in South Texas topped the state’s list of the top oil- and natural gas-producing counties in June, according to data released this week by the Texas Railroad Commission. Karnes County continues to pump more crude oil than any other county, with nearly 6.8 million barrels produced in June.
(AP file photo/Reed Saxon)

Occidental saving money, pumping it back into Permian Basin

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Occidental Petroleum Corp.’s profits fell 85 percent in the second quarter as lower oil prices offset its surge in crude production from the Permian Basin in West Texas and elsewhere.
(Ken Childress/Rosetta Resources)

Rosetta boosts output as board approves merger with Noble

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Rosetta Resources extracted more petroleum than expected in the second quarter, adding to analysts optimism that the company’s assets remain a good buy.
Original byline: Jim Blecha/

WPX Energy agrees to buy Permian producer for $2.35 billion

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WPX will also assume $400 million in debt, according to a statement today.
MARCELLUS SHALE

Oil rig count grows again after gains in the Permian

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Five oil rigs were added this week in the U.S., although gas and miscellaneous rigs dipped by four, leaving a net gain of one rig for the week, according to data from oil services provider Baker Hughes.
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

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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.
(Spencer Platt/Getty Images)

U.S. shale production set to fall again in July, EIA says

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Daily oil production at the nation’s six biggest shale plays is set to slip by 91,000 barrels from June to July, the Energy Information Administration says.
(Photo by Eddie Seal for Bloomberg News)

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

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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.
T. Boone Pickens speaks at the 2014 LNG Conference Jan. 22, 2014, in Houston.  (Eric Kayne/For the Chronicle)

T. Boone Pickens makes stock picks amid oil slump

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Energy mogul T. Boone Pickens, who has said many times he believes oil prices are headed higher, snapped up shares in a U.S. rig contractor and a pair of oil tanker operators in the first quarter.
(Photo by Eddie Seal for Bloomberg News)

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

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