A Texas appeals court panel has ruled that Chesapeake Energy Corp. should have paid oil and gas royalties to Eagle Ford Shale leaseholders based on the gross proceeds from an adjacent well, not from take points within the trigger distances of the leases.
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Articles from Eagle
PDC Needs Board Shake Up, Better Strategy, Says Shareholder Kimmeridge
PDC Energy Inc. is facing an uprising from within, as private equity Kimmeridge Energy Management Co. LLC, which owns 5%, called for a board revamp and strategy do-over.
Matador Eyes Multi-Well Pads, Longer Laterals in Permian Delaware in 2019
Dallas-based Matador Resources Co. reaffirmed plans to reduce activity and consider selling assets in the Eagle Ford and Haynesville shales while hunkering down in the Permian Basin’s Delaware sub-basin, where it plans to drill more wells from multi-well pads and with longer laterals.
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Southcross Restarting Fractionator as Eagle Ford Reaps Benefits of Constrained Permian
With an eye on increased oil and natural gas drilling activity in the Eagle Ford Shale, Southcross Energy Partners LP is set to restart its idled Bonnie View fractionator this month, management said last week.
SM Energy Considers 15,000-Foot Laterals in Eagle Ford, Permian; Defers Some 4Q Completions
Denver-based independent SM Energy Co., which is focused mostly on Texas, said it plans to defer some completion activities in the fourth quarter to recover from flooding in the state, as it considers where to drill longer laterals next year in the Eagle Ford Shale and the Permian Basin.
Black Mountain Expanding Frack Sand Operations into Anadarko Basin
Fracture sand provider Black Mountain Sand is expanding into the Anadarko Basin with construction underway on its sixth mine, the first outside Texas.
Carrizo Shifting From Permian to Eagle Ford for Better Differentials
Despite a more than nine-fold increase in production in the Permian Basin’s Delaware sub-basin, Carrizo Oil & Gas Inc. said it plans to shift rigs and capital to the Eagle Ford Shale over the next 18 months to take advantage of superior returns in South Texas.
Marathon Oil Raises Guidance on Solid U.S. Onshore Gains with Austin Chalk Emerging
Houston-based Marathon Oil Corp. (MRO) on Thursday raised its U.S. and global oil and gas guidance, with domestic onshore operations delivering strong returns sequentially across the board, CEO Lee Tillman said during an earnings conference call to discuss results.
Eagle Ford Holds Miles and Miles of Natural Gas and Oil, Says USGS
The Eagle Ford Group in Texas is rich in oil and natural gas, a unique feature for U.S. onshore plays and ranking among the top five in the country, according to a new assessment.
Carrizo Begins Multipad Drilling in Eagle Ford, Beats Guidance in 1Q
Carrizo Oil & Gas Inc. reported progress in its shift to multipad development in the Eagle Ford Shale and beat its production guidance for the first quarter, while also seeing strong initial production from a new well targeting part of the Wolfcamp formation in the Delaware sub-basin of the Permian.