Riverstone Holdings LLC and its partners announced Friday that they will invest up to $300 million in Eagle Energy Exploration LLC, funding that will help the latter pursue oil and gas exploration and production (E&P) opportunities in the Midcontinent.
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Articles from Eagle
Marathon Oil’s U.S. Onshore Blitzkrieg Intensifies in 2014
Marathon Oil Corp. will spend more than half of its global capital next year in North American resource shale plays, with the rig count in both the Eagle Ford and Bakken shales increasing by 20%, and twice as many rigs working Oklahoma’s Woodford Shale.
Eagle Ford Counties Led Texas Oil Production in September
Counties in the Eagle Ford Shale region of South Texas were four of the state’s top five oil-producing counties during September, while North Texas counties were four of the top five natural gas producers, according to the Railroad Commission of Texas (RRC).
Devon Spends $6B for Eagle Ford Position
Devon Energy Corp. on Wednesday renewed its onshore North American exploration portfolio, dancing away from the one that brought it to the dance — unconventional natural gas — to marry crude oil, a big reason it agreed to spend $6 billion for oily land in the Eagle Ford Shale.
Comstock to Become Latest Player in Tuscaloosa Marine Shale
Comstock Resources Inc. announced Thursday that it plans to enter the Tuscaloosa Marine Shale (TMS), after signing agreements with unidentified sellers to acquire 55,000 gross (53,000 net) leased acres in the play for $54.5 million.
Eagle Ford, Lower 48 Shales, Continue to ‘Excite’ ConocoPhillips
ConocoPhillips executives said most of the company’s production growth during 3Q2013 came from shale plays in the Lower 48 — especially the Eagle Ford and the Bakken — and predicted “significant growth and very high margin growth” from the Eagle Ford for several more years.
U.S. Seen Supporting 30% of Mexican Gas Demand Growth Through 2017
By 2016, 3.5 Bcf/d of new incremental U.S. pipeline capacity to Mexico will join another 1.9 Bcf/d of currently underutilized capacity, making for 5.4 Bcf/d of potential new U.S. exports of gas to Mexico, assuming pipeline development south of the border is able to keep up, Raymond James & Associates Inc. said in a note Monday.
Sanchez 3Q Output Seven Times Year-Ago, Prepping for TMS
Sanchez Energy Corp. is in full development mode in each of its project areas in the Eagle Ford Shale and is preparing to begin an operated drilling program next year on recently acquired Tuscaloosa Marine Shale (TMS) acreage. Third quarter production was up by 710% from the year-ago quarter.
Oil Patch LNG Venture Picks Eagle Ford for First Project
Stabilis Energy and Koch Industries unit Flint Hills Resources LLC plan to build up to five liquefied natural gas (LNG) liquefiers to serve oilfield fuel consumers. Their first project is slated for the Eagle Ford Shale.
Bakken Projected Growth Carries Price, Demand Questions
The Bakken has the potential to fill all of the current added demand for sweet crude, but the Eagle Ford Shale and the Permian Basin will have something to say about that, a North Dakota official said.