Eagle Ford

Oil, Natural Gas Production Slide to Continue Next Month in Key Lower 48 Unconventional Plays

Oil, Natural Gas Production Slide to Continue Next Month in Key Lower 48 Unconventional Plays

Deflating oil and natural gas production from seven of the most prolific U.S. onshore unconventional plays is expected to continue in August, according to the Energy Information Administration (EIA).  Total oil production from the Anadarko, Appalachian and Permian basins, and the Bakken, Eagle Ford, Haynesville and Niobrara formations is expected to decline to 7.49 million…

July 13, 2020
More Losses for Oil Patch as U.S. Rig Count Grinds Lower

More Losses for Oil Patch as U.S. Rig Count Grinds Lower

A continued slide in oil-directed activity helped drop the U.S. rig count another five units to 258 for the week ending Friday (July 10), according to the latest figures from Baker Hughes Co. (BKR). Four oil-directed rigs, along with one natural gas-directed, exited the United States during the period, putting the overall domestic tally 700…

July 10, 2020
Noble Bringing Back Curtailed U.S. Oil Volumes, Expanding NatGas Export Capacity Overseas

Noble Bringing Back Curtailed U.S. Oil Volumes, Expanding NatGas Export Capacity Overseas

Noble Energy Inc. said Thursday the bulk of its shut-in U.S. oil and gas production would be brought back online in the coming weeks.  Noble, whose vast U.S. portfolio extends across Texas and Colorado, said its second quarter curtailments totaled 11,000 b/d of oil. But “significant improvements in operating costs and netback pricing” will allow…

July 9, 2020
Finally Toppled by Debt, Chesapeake in Bankruptcy

Finally Toppled by Debt, Chesapeake in Bankruptcy

Chesapeake Energy Corp., once a symbol of the American natural gas industry’s revival and a disruptive leader that helped spark the nation’s unconventional boom, filed for Chapter 11 protection on Sunday to wipe out $7 billion of debt.  The move follows months of speculation and years of cost-cutting initiatives at the Oklahoma City-based independent, which…

June 29, 2020

Permian, Eagle Ford Permitting Climbs in November; Natural Gas Activity Inches Up

Drilling permits in oil formations rose to 465 in the first week of December, up 91% from the final week of November, as activity remained consistent in Texas and in the Midwest, along with the Bakken Shale bouncing back, according to a tally by Evercore ISI.

December 18, 2019
Cactus II Ramp Heralds Start of More Permian Crude Takeaway Options

Cactus II Ramp Heralds Start of More Permian Crude Takeaway Options

One of the first of the big Permian Basin-to-Gulf Coast crude pipelines has reached its destination in South Texas, according to Trafigura Trading LLC and Buckeye Partners LP.

August 14, 2019
ConocoPhillips Grows ‘Big 3’ Lower 48 Production by 30%

ConocoPhillips Grows ‘Big 3’ Lower 48 Production by 30%

ConocoPhillips grew its unconventional production in three Lower 48 unconventional plays by more than 30% in the first quarter and held the line on capital expenditures (capex) and production guidance.

May 1, 2019

Nuevo Dos to Expand Newly Acquired Eagle Ford System

Equity-backed Nuevo Midstream Dos LLC plans to purchase and expand an oil gathering, storage and intermediate transportation system in the Eagle Ford Shale in South Texas.

March 21, 2019

Chesapeake Aiming for Transformational Oil Growth in PRB, Eagle Ford

Chesapeake Energy Corp. is poised to transform its production profile to seize the momentum it gained in 2018 to continue boosting oil volumes, with this year’s capital expenditures mainly being directed to the Powder River Basin (PRB) and the Eagle Ford Shale to drive that growth.

February 27, 2019

NextEra, Howard JV on Natural Gas Infrastructure in South Texas to Expand Exports

Howard Energy Partners (HEP) and NextEra Energy Partners (NEP) on Wednesday said they plan to develop more natural gas transportation projects in the Eagle Ford Shale in South Texas with an eye on export markets, including Mexico.

February 13, 2019