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Two hurdles for the projects could delay NRG’s plans indefinitely, however.
Losses in the oil patch deepened in the second half of 2015 and into 2016 along with plummeting prices of crude.
The first defendant accused in an Eagle Ford Shale oil theft scheme was sentenced Wednesday in Del Rio.
The uranium oxide is located in sandstone formations throughout the South Texas coastal area nearer the Gulf of Mexico. The area already has two active mines with companies actively exploring for uranium.
The Permian is one of the outliers — the only other play expected to grow over the next two months is the Utica in the Appalachian region.
The explosion occured at around 4 a.m. at a facility operated by Lewis Energy Group, a San Antonio-based oil and gas company.
Eagle Ford, Bakken, Niobrara shale plays set to lose nearly 115,000 barrels per day of production next month
The EIA said in its Drilling Productivity Report that overall U.S. oil production would fall 93,000 barrels per day to 5.12 million bpd total in November, the largest decrease recorded in the agency’s data going back to 2007.
The lingering crude slump is expected to drive down production next year in the nation’s premiere oil patches — West Texas’ Permian Basin, South Texas’ Eagle Ford and North Dakota’s Bakken shale.
The sale of Alta Mesa Eagle to EnerVest, which is expected to close by the end of the month, includes 7.8 million barrels of oil equivalent in reserve, most of which are in Karnes County, one of the most active regions within the South Texas shale play.
Robert Watson, San Antonio-based Abraxas Petroleum Corp.’s chairman, CEO and president, volunteered to cut his own pay by 20 percent, according to a Securities and Exchange Commission filing. “We take great pride in aligning our interests with shareholder interests,” Watson said in the filing. “As our shareholders continue to suffer from a difficult environment caused