Eagle Ford

Natural Gas Production in Lower 48 to Continue Falling from January to February, EIA Says

Natural Gas Production in Lower 48 to Continue Falling from January to February, EIA Says

Cumulative natural gas production from seven key U.S. onshore regions is set to fall by 472 MMcf/d from January to February, extending a downtrend that goes back to early 2020, according to updated projections published Tuesday by the Energy Information Administration (EIA). In its latest Drilling Productivity Report, EIA said it expects the Anadarko, Appalachian…

January 19, 2021
U.S. E&P Bankruptcies Offsetting Lower 48 Growth, with Big Losses Forecast in Oil Output

U.S. E&P Bankruptcies Offsetting Lower 48 Growth, with Big Losses Forecast in Oil Output

The voluntary bankruptcies by U.S. exploration operators have continued to mount, with Lower 48 oil production by the insolvent companies set to decrease from current volumes by around 25%, or 200,000 b/d, at the end of 2021, according to a Rystad Energy analysis. “Operated oil production from the recent Chapter 11 filings is heavily weighted…

December 18, 2020
Texas Upstream Energy Job Losses Steeper than Estimated as Pandemic Jolts Industry

Texas Upstream Energy Job Losses Steeper than Estimated as Pandemic Jolts Industry

Routed by Covid-19, the Texas upstream oil and gas sector has lost more jobs this year than originally reported, according to a top industry group. Using internal data and information provided by the Federal Reserve Bank of Dallas, aka Dallas Fed, workforce reductions in the state over the past year are steeper than first estimates,…

December 10, 2020
U.S. Rig Count Soars Ahead of Holiday on Increases in Permian, Eagle Ford

U.S. Rig Count Soars Ahead of Holiday on Increases in Permian, Eagle Ford

The U.S. rig count rose 10 units to 320 during the short holiday work week ended Wednesday (Nov. 25), driven by a sharp increase in oil-directed drilling, including gains in the Permian Basin and Eagle Ford Shale, according to the latest figures from Baker Hughes Co. (BKR). Gains in the United States included 10 oil-directed…

November 25, 2020
Phillips 66 Completes NGL Upgrades at Sweeny Hub Serving Permian, Eagle Ford Operators

Phillips 66 Completes NGL Upgrades at Sweeny Hub Serving Permian, Eagle Ford Operators

Phillips 66 has completed a $1.4 billion infrastructure upgrade near its Houston Ship Channel facilities to serve the Permian Shale and Eagle Ford Shale. Houston-based Phillips 66 management said operations have begun on two natural gas liquids (NGL) fractionation plants at its Sweeny Hub in Old Ocean, TX, south of Houston. With a combined capacity…

November 24, 2020
Oil, Gas Permits for Lower 48 Federal Land Climb Ahead of Biden’s Election

Oil, Gas Permits for Lower 48 Federal Land Climb Ahead of Biden’s Election

U.S. explorers during October increased their oil and gas permit requests for the third month in a row, with an uptick in developing leaseholds on federal lands, according to Evercore ISI. The analyst firm each month provides data using state and federal sources regarding permits for oil and gas wells, plugging and abandoned (P&A) wells…

November 12, 2020
EOG’s 21 Tcf Natural Gas Discovery in South Texas Competitive with ‘Premium Oil Plays,’ Says CEO

EOG’s 21 Tcf Natural Gas Discovery in South Texas Competitive with ‘Premium Oil Plays,’ Says CEO

Super independent EOG Resources Inc. has identified 21 Tcf net natural gas resource potential with an estimated 1,250 net locations in the South Texas formations of the Austin Chalk and Eagle Ford Shale. The discovery on the Dorado prospect is in Webb County, where EOG has 163,000 net acres, were in 700 feet of stacked…

November 6, 2020
Texas E&Ps Must Justify Reasons to Flare/Vent Natural Gas, Says RRC

Texas E&Ps Must Justify Reasons to Flare/Vent Natural Gas, Says RRC

Producers working Texas oilfields will be required to show why they need permission to flare or vent natural gas under updated rules approved by state regulators Wednesday. However, the three-member Railroad Commission of Texas (RRC) stopped short of imposing more stringent requirements to limit emissions.  For months the RRC has weighed how to balance exploration…

November 5, 2020
Callon Delivering Economic Returns in Permian, Eagle Ford at Current Strip Prices, Says CEO

Callon Delivering Economic Returns in Permian, Eagle Ford at Current Strip Prices, Says CEO

Houston-based Callon Petroleum Co., whose portfolio stretches across the Permian Basin’s two major formations and across the Eagle Ford Shale, reduced costs and delivered “near-term economic returns” at current strip prices during the third quarter, the CEO said. Net production jumped 170% to 102,000 boe/d year/year, above expectations, while capital spending was $38 million, below…

November 3, 2020
Seven Key Oil, Natural Gas Producing Regions Set to Lower Output in November, Says EIA

Seven Key Oil, Natural Gas Producing Regions Set to Lower Output in November, Says EIA

Despite anticipated increases in productivity per rig across seven key U.S. producing regions, overall oil and gas output from these areas is expected to fall across the board from October to November, according to updated numbers released Tuesday by the Energy Information Administration (EIA). The agency’s latest Drilling Productivity Report (DPR) projects that total natural…

October 13, 2020
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