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south texas

(Ty Wright/Bloomberg)

Houston-based Milagro Oil & Gas seeks bankruptcy protection

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Milagro said in court papers Wednesday it had $1 million to $10 million in assets and $500 million to $1 billion in liabilities and that it couldn’t pay back its debt because its business became unprofitable as crude prices fell.
A group of land owners and conservationist walk on a gasline right of way during a field day to see native plant restoration at Dobie Ranch in Live Oak County, where gas and oil lines have been given right of way, on Tuesday, Sept. 24, 2013. The "field day" several groups including the U.S. Department of Agriculture's Natural Resources Conservation Service, Texas A&M Agrilife Extension, Caesar Kleberg Wildlife Research Institute and South Texas Natives. (Bob Owen/San Antonio Express-News)

New safety rules for South Texas pipeline inspectors mandate “buddy system,” quicker gun licenses

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The policy changes follow complaints by Commission Chairman David Porter that the federal government had failed to protect pipeline rights-of-way from becoming pathways for illegal immigration and cartel activity.
(Eddie Seal/Bloomberg)

Battlecat snags $220 million in equity for South Texas drilling

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The company has leases in the Eagle Ford Shale and will focus development there and in other shale plays in South Texas.
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Valley hopes for economic boom from Mexico’s energy measures

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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.
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Superior Crude to pay $1.6M oil spill penalty

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The Environmental Protection Agency and the U.S. Department of Justice say the consent decree was filed Wednesday.
(Ken Childress)

Carrizo snaps up Eagle Ford acreage for $250M

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The debt-funded deal closed late last week, but Carrizo said it is scheduled pay the bulk of the purchase price by February.
(Tom Reel/San Antonio Express-News)

Cabot snaps up more Eagle Ford acreage for $210M

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With the purchase, Cabot Oil & Gas will add about a third to its land position in South Texas.
Drilling at Marathon Oil Corp.'s operations in the Eagle Ford Shale formation in South Texas. (Marathon Oil)

Eagle Ford booms to the tune of $87 billion

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Economic activity related to oil and gas exploration in South Texas is up 43 percent in just the last year in the region.
An Eagle Ford well near Kenedy, Texas. (Eric Gay/AP)

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

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

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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.