Posts filtered on Tag

permian basin

EOG Resources CEO Bill Thomas at EOG's offices in downtown Houston Thursday Sept. 25, 2014. (Billy Smith II  / Chronicle)

EOG CEO: Industry wary of false start on oil recovery

on
The energy sector won’t repeat last year’s mistake of rapidly boosting production the next time the price of oil hits $60 a barrel, said the chairman and CEO of EOG Resources.
(Daniel Acker/Bloomberg)

On Plains All American call, a focus on other companies

on
Midstream contracts are usually the last things production companies will let go. But with oil near $30 per barrel, most oil and gas transporters have several producers on the ropes who have or are considering letting those promises lapse.
Report: Oil falling, but Eagle Ford, Bakken output on the rise

Texas pumps more oil in November, and the Eagle Ford Shale counties stay at the top of the list

on
Karnes County is still pumping more crude oil than any other county, with 6 million barrels produced in November.
In this March 25, 2014 photo, a worker oils a pump during a hydraulic fracturing operation at an Encana Corp. well pad near Mead, Colo. The first experimental use of hydraulic fracturing was in 1947, and more than 1 million U.S. oil and oil wells have been fracked since, according to the American Petroleum Institute. The National Petroleum Council estimates that up to 80 percent of natural oil wells drilled in the next decade will require hydraulic fracturing. (AP Photo/Brennan Linsley)

Flotek releases report refuting criticism that it manipulated data

on
The Houston-based oil field services company launched an investigation of its chemicals and data analysis software after an Australian fund manager in November disputed the accuracy of Flotek’s self-reported results.
( Johnny Hanson / Chronicle )

Permian, Eagle Ford combine for 10 shut down rigs

on
The oil-soaked Permian Basin in West Texas, which had remained a favorite among U.S. exploration and production companies despite the prolonged crude slump, showed continued signs of weakness this week.
(Johnny Hanson/Chronicle)

Oil rig count plummets to start 2016

on
West Texas’ seemingly resilient Permian Basin led the way with the loss of eight rigs, while southern Texas’ Eagle Ford shale dipped by five rigs, according to weekly data released by oil field services firm Baker Hughes.
Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

Rig count snaps losing streak, jumps up 17

on
This was only the third, double-digit increase in the count of oil rigs this year.
Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

U.S. rig count in steepest decline in three months

on
The number of active U.S. drilling rigs fell by 21 this week, Baker Hughes reported Friday, as crude prices continued to sputter in the wake of OPEC’s move to do away with its longstanding output ceiling.
Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)

ConocoPhillips to cut budget by 25 percent next year

on
The Houston driller announced its new $7.7 billion annual budget announced a day after larger rival Chevron Corp. said it would trim spending by 24 percent next year.
In search of natural gas, Jacob Spraggins with Helmerich & Payne works on a drill in the Piceance Basin on the western slope of the Rocky Mountains, Monday, June 22, 2009, in Rio Blanco County. (Johnny Hanson / Chronicle)

Rig count drops again with U.S. oil hovering near $40 a barrel

on
The American oil rig count ticked down to 545 for the week, although the number of rigs seeking natural gas jumped by three up to 192 rigs, according to weekly data released by oil field services firm Baker Hughes.