Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.
The research and consulting firm GlobalData expects companies to invest around $30 billion in the Eagle Ford Shale this year. Here’s a breakdown of how GlobalData sees some of the major players in the field: The firm says ConocoPhillips has “some of the best acreage in the play” and will hit peak production in the […]
The fire, put out about 7:30 p.m. Thursday, had been burning since early Wednesday at the plant near New Albany, but no injuries were reported. There were also at least three explosions at JNS Biofuels, formerly known as North Mississippi Biodiesel.
About three weeks ago, a capacity shock nearly caused blackouts during a cold snap – this time, rigorous preparations appear to have paid off: the Texas grid hummed along this morning with ample capacity and reserves, even as early morning Houston temperatures still hover around freezing.
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