Tag: south texas

Valley hopes for economic boom from Mexico’s energy measures

The Rio Grande Valley, which has missed out on most the oil and gas boom in the nearby Eagle Ford Shale, may get its own boost from increased economic activity tied to Mexico’s energy overhaul.  More »

Superior Crude to pay $1.6M oil spill penalty

The Environmental Protection Agency and the U.S. Department of Justice say the consent decree was filed Wednesday.  More »

Carrizo snaps up Eagle Ford acreage for $250M

The debt-funded deal closed late last week, but Carrizo said it is scheduled pay the bulk of the purchase price by February.  More »

Cabot snaps up more Eagle Ford acreage for $210M

With the purchase, Cabot Oil & Gas will add about a third to its land position in South Texas.  More »

Eagle Ford booms to the tune of $87 billion

Economic activity related to oil and gas exploration in South Texas is up 43 percent in just the last year in the region.  More »

EIA: Eagle Ford to cross 1.5 million daily barrels in September

The U.S. Energy Information Administration expects the Eagle Ford Shale to produce 1.51 million barrels of crude oil and other liquids daily in September. It would be a gain of around 31,000 daily barrels over August production for the South Texas field.  More »

Pemex to buy U.S. natural gas via a Swiss trading house

A subsidiary of Petroleos Mexicanos will form a joint venture with Geneva-based Mercuria Energy Group Ltd. to handle the gas and will aim to be one of the five largest participants in the North American natural gas market.  More »

Shale riches helping South Texas towns pay for upgrades

South Texas communities seem to have come to the same conclusion: The Eagle Ford is here and they’ll be dealing with it for the long term.  More »

Eagle Ford touted as ‘greatest energy success story’

The Eagle Ford Shale could help Texas’ oil production jump ahead of every OPEC country except Saudi Arabia.  More »

ConocoPhillips boosts estimate of Eagle Ford barrels

ConocoPhillips says it’s sitting on even more oil in its Eagle Ford Shale acreage than it thought.  More »

Oil rigs in US extend record as Eagle Ford drilling surges

Rigs targeting oil in the U.S. jumped to a record as energy producers used the most in a year to drill for crude in Texas’s Eagle Ford shale formation. Oil rigs increased by 14 to 1,487, the highest level since Baker Hughes split the oil and gas counts in 1987, data posted on the company’s […]  More »

Exxon Mobil plant fire out in South Texas

Crews have put out a fire at a South Texas natural gas plant operated by Exxon Mobil Corp.  More »

WSJ: Devon Energy in talks to acquire Woodlands company for $6B

GeoSourthern Energy Corp., an exploration firm based in the Woodlands, may merge with Oklahoma City-based Devon Energy in a $6 billion deal, the Wall Street Journal reported Tuesday.  More »

Rig snapshot: Permian Basin still trumps Eagle Ford

The Permian Basin in West Texas has 380 rigs, the Eagle Ford Shale in South Texas has 226 rigs, the Granite Wash in the Panhandle has 40 rigs, the Barnett Shale in North Texas has 34 rigs and the Haynesville Shale in East Texas has 23 rigs, according to Baker Hughes.  More »

South Texas sees struggles, opportunities amid oil boom

Starting in July for the first time ever, more domestic oil left the Port of Corpus Christi than foreign oil arrived. It’s a startling trend, but just one of several effects of the Eagle Ford boom, which has created jobs and wealth in spades, but also turned South Texas upside down in many ways.  More »
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