Both oil and natural gas production in the Lone Star state climbed during June from year-ago levels, and the top producing counties remained the familiar Permian Basin and Eagle Ford Shale region names, according to Railroad Commission of Texas (RRC) data.Read More
While earlier research in Texas' Barnett Shale linked drilling waste injection into underground storage wells with increased seismic activity, new work in the Eagle Ford by the same geologist suggests that drawing liquids out of the ground can induce earthquakes there.Read More
Genesis Energy LP has completed preliminary work and is preparing to begin construction of a $75 million crude oil unit train unloading facility in Raceland, LA, the Houston-based company said Monday.Read More
Liquids-rich and oil plays have clearly won the hearts and dollars of North American producers. The Eagle Ford and Bakken shales are stars now, but several others are poised to join or possibly eclipse them, according to a recent note by Standard & Poor's Ratings Services (S&P).Read More
Big Oil's attempt to take over the North American onshore from U.S. independents so far hasn't paid off as some would have imagined just a few years ago, with the majors still struggling to capture the kind of profits and production results they may have been anticipating.Read More
Australia's BHP Billiton Ltd. said the Eagle Ford Shale has become the largest producing field in its petroleum and potash division for the year ending June 30, but the company plans to scale back its rig count and spend less on capital expenditures (capex) in the United States in 2014.Read More
Production of oil and natural gas from non-federal lands has skyrocketed while that from federal lands has waned. At least today, the vast majority of shale acreage lies on state and private lands, the Energy Information Administration' (EIA) Howard Gruenspecht, deputy administrator, said. It's coal country that is mostly on the government's property.Read More
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