Enough

First quarter performance from EOG Resources Inc.’s “big four” plays, led by the Eagle Ford Shale, was substantial enough to raise this year’s total company liquids production growth target to 33% from 30% and increase the overall production growth target to 7% from 5.5%.

First quarter performance from EOG Resources Inc.’s “big four” oil and liquids plays was substantial enough to raise this year’s total company liquids production growth target to 33% from 30% and increase the overall production growth target to 7% from 5.5%.

Although some farming and environmental representatives have raised red flags, water used by the oil/gas industry in hydraulic fracturing (fracking) is not going to cause shortages for the agriculture and local municipalities in the state, a state water district official told NGI’s Shale Daily Monday.

Researchers with the U.S. Geological Survey (USGS) say there has been a “remarkable” increase in the number of earthquakes in the Midcontinent region, and believe the seismic activity is more than likely attributable to injection wells that handle wastewater from oil and gas drilling.

Sabine Pass Liquefaction LLC made “significant progress” on its liquefied natural gas (LNG) terminal project in 2011, but that wasn’t enough to keep red ink from marring Cheniere Energy Inc.’s bottom line, the company said Friday.

There’s enough water in the Carrizo Wilcox Aquifer in South Texas to support Eagle Ford Shale oil and gas drilling and hydraulic fracturing as well as other uses, such as irrigation, according to the Eagle Ford Task Force. This is in spite of a drought that has gripped most of Texas, according to experts.

The global market for hydraulic fracturing (fracking) services continues to grow at a double-digit pace but not nearly as much as in 2011 since natural gas prices have begun to discourage exploration, according to a survey by Spears & Associates Inc.

North Dakota passed another oil production milestone in November, averaging more than a half-million b/d, according to preliminary data released Tuesday by the state Industrial Commission.

Enterprise Products Partners LP said Tuesday an open season has shown that enough shippers are interested in taking capacity on its proposed Appalachia to Texas (Atex Express) ethane pipeline to support the 1,230-mile project. The pipeline would deliver ethane from the Marcellus/Utica Shale areas of Pennsylvania, West Virginia and Ohio to the U.S. Gulf Coast.