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Output from the Eagle Ford has been falling since March 2015.
A relatively small and quiet oil field services company, Keane Group is more than doubling its size through the deal with the goal of additional future acquisitions, said Keane CEO and Chairman James Stewart.
South Texas’ Eagle Ford shale saw four more rigs go dark this week, while West Texas’ Permian Basin lost another three rigs, according to according to weekly data released by oil field services firm Baker Hughes.
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.
Communities in the Eagle Ford Shale topped the state’s list of the biggest crude oil, condensate and natural gas producers in October, according to preliminary data released this week by the Texas Railroad Commission. Karnes County continues to pump more crude oil than any other county, with nearly 6.39 million barrels produced in October.
Seven score and twelve years after Abraham Lincoln delivered the Gettysburg Address, and the crude complex is examining its own principles: those of supply and demand. Given the current lack of equality betwixt the two, crude prices are heading lower once again, dipping below $40 for a second consecutive day. US and Canadian production provide […]
In a disclosure to the Shanghai Stock Exchange, Yantai Xinchao Industry Co. said the oil fields in Howard and Borden counties would be bought from Tall City Exploration and Plymouth Petroleum, two Nevada-based companies.
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.
Noble Energy will buy Rosetta Resources in a $2.1 billion deal that gives Noble a footprint in the Eagle Ford and Permian Basin, two of the largest shale plays in the United States.
The shale oil bonanza that made millionaires from Texas to North Dakota is slowing down for the first time in years, a sign that painful industry cutbacks are starting to have an impact.