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shale

Texas will deploy additional sensors to study a rash of earthquakes shaking the state as researchers try to determine whether the tremors are linked to the underground disposal of oilfield waste.
(martinluff/Flickr)

First research links California quakes to oil operations

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In Kern County, the shaking topped out on Sept. 22, 2005, with three quakes, the biggest magnitude 4.6, researchers said.
A Saudi man walks past a pump at a petrol station on December 28, 2015 in the Red Sea city of Jeddah. Saudi Arabia said it plans to review the prices of heavily-subsidised power and fuel as part of new measures introduced in the face of low oil prices.   AFP PHOTO / AMER HILABIAMER HILABI/AFP/Getty Images

Saudi crude oil exports show continued strength to US, Asia

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Thirty-nine years after Fleetwood Mac’s second album was released, and ‘rumours’ of a production cut and fears of a worsening US economy are pushing and prodding the crude market around today. Commodities are also getting whipsawed around by currency moves. As the US dollar continues to weaken due to growing pessimism about the US economy, […]
Categories: Asia, Crude oil, Middle East
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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

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Karnes County is still pumping more crude oil than any other county, with 6 million barrels produced in November.
(Johnny Hanson/Chronicle)

Texas leads the way in another rig count decline

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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.
Associate chemist for fracturing technology, Juan Martinez, takes some measurements in a lab in the research and development building, at the Baker Hughes facility, Thursday, May 12, 2011 in Tomball, Texas. (Todd Spoth/For the Chronicle)

Houston added thousands of jobs in 2015, but growth was hard won as oil crashed

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The monthly numbers fell in line with the near-zero growth rate that economists had been predicting.
FILE - This June 12, 2014 file photo shows an oil rig and pumps in Watford City, N.D. State data shows the number of rigs drilling in North Dakota's oil patch has dropped below 60 for the first time since 2009. Fifty-nine rigs were operating in western North Dakota's oil-producing region on Monday, Jan. 4, 2016. That's down from 171 rigs on the same day one year ago due to slumping oil prices. (AP Photo/Charles Rex Arbogast, File)

North Dakota sour crude wells could stop with poor prices

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North Dakota Petroleum Council President Ron Ness said if sour crude prices were to hold at just a couple of dollars a barrel, the wells will likely be shut down until prices rebound.
In this April 24, 2015 photo, pumpjacks work in a field near Lovington, N.M. (AP Photo/Charlie Riedel)

OPEC sees global flow of oil squeezed harder in 2016

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In its monthly oil market report, OPEC predicted the oil bust will force global non-OPEC output to sink by 660,000 barrels a day this year, a 69-percent downward revision of its prior monthly forecast.
A Swift Energy Co. production facility in Lake Washington off the Louisiana coast. (Swift Energy Co.)

Swift Energy becomes 40th North American driller in bankruptcy

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Swift Energy Co. has become the latest U.S. shale driller to succumb to the brutal downturn in crude prices, seeking Chapter 11 bankruptcy.
TPH report: At $50 oil, Eagle Ford production could dip 13 percent

Eagle Ford Shale counties top Texas production for October

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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.
Nomac Drilling Corp. derrick man Justin Spruell, right, climbs down from an overhead platform after connecting a section of drill pipe on a Chesapeake Energy Corp. natural gas drill site in Bradford County, Pennsylvania, U.S., on Tuesday, April 6, 2010.  (Daniel Acker/Bloomberg)

EIA ups world total for recoverable shale oil

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The EIA’s new estimates added billions of barrels to the worldwide total of shale oil reserves.