Tag: production

Eagle Ford continues to gush despite rapid well declines

Although Eagle Ford wells tend to drop in production by 60 to 70 percent in the first year, the shale has seen significant surges in crude oil production, the U.S. Energy Information Administration said in a report released Monday.  More »

Rigs targeting gas in U.S. gain on rise in Texas drilling

The rebound in gas rigs threatens to come at the expense of oil drilling, as U.S. crude has dropped by more than $10 a barrel over the past three months.  More »

Surging Middle East oil increases tanker rates

The oil-refining wave in the Middle East is filling tankers to export the region’s processed fuels and driving freight rates to the highest for the time of year since 2008.  More »

Report: U.S. crude could fall $30 below international prices without exports

The going rate for a barrel of oil in the U.S. could tumble $30 below international benchmarks in the coming decades if U.S. policymakers don’t reverse a ban on exporting crude oil, according to a report by analyst group Wood Mackenzie.  More »

NRG may expand carbon capture plans

NRG is installing technology at the W.A. Parish plant to capture carbon dioxide before it is emitted into the atmosphere.  More »

Marathon Oil earnings up on U.S. oil output

Rising shale oil production pushed Marathon Oil Corp.’s profits up 27 percent in the second quarter as the firm worked to improve its hydraulic fracturing in North America.  More »

Regulator alleges Houston oil company misled investors

The Securities and Exchange commission on Monday charged independent exploration and production company Houston American Energy Corp. and its CEO with making false claims about the company’s oil reserves.  More »

Pemex predicts lowest production in more than two decades

The forecast was lowered to 2.41 million barrels of oil a day from a prior projection of 2.5 million, said Gustavo Hernandez, Pemex’s head of exploration and production.  More »

Texas’ oil and gas industry expands to near-record levels

The Texas oil and gas industry is approaching records set in the 1970s, according to the latest Texas Petro Index.  More »

Technology lets producers move jobs from platforms to land

Shell and other offshore players to move a growing number of jobs historically performed at sea onto land.  More »

Texas oil production set to top No. 2 OPEC country

Texas now is pumping 36 percent of the nation’s oil, more than doubling its production in three years, according to new federal data.  More »

Oil price steady as investors eye Iraq conflict

Benchmark U.S. crude for August delivery dropped 14 cents to $106.03 per barrel.  More »
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