Exxon Mobil Corp. increased the proportion of its reserves made up of oil to the highest in a decade as shale-drilling expertise acquired in the $35 billion XTO Energy deal was mobilized to find crude.
The Obama administration on Friday took the unprecedented step of moving to hike the amount companies must pay for oil spills, following a congressional deadlock on the issue nearly four years after the Deepwater Horizon disaster.
Climbing natural gas prices could help Chesapeake Energy profit off a plan to revive the nearly forgotten shale reservoir it had gambled billions of dollars on six years ago. And the seven to nine rigs Chesapeake expects to deploy to the Haynesville Shale this year could boost daily rates for U.S. land drilling companies, analysts say.
The Eagle Ford Shale is producing an estimated 1.286 million barrels of liquids per day, a combination of crude oil and condensate, according to the latest drilling efficiency report from the Energy Information Administration. The EIA expects the Eagle Ford to produce 1.32 million barrels of liquids per day in March. The Permian Basin is […]
STW Energy has expanded operations in South Texas. The company has added 20 field operations employees and more salespeople in the Eagle Ford Shale, along with two more hydro-excavation units, which are used to clean drilling rigs and tanks. The company removes oil and diesel residue on drilling rigs to meet environmental regulations for driving […]
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