Eagle Ford Shale

Texas production of natural gas and oil reached all-time highs for the second month in a row in September, according to the latest monthly analysis by Texas Oil & Gas Association (TXOGA). Marketed natural gas production totaled 34.6 Bcf for the month, while oil production was 5.9 million bbl, according to the report prepared by…

Kimmeridge Energy Management Co. LLC is expanding its presence in the Eagle Ford Shale of South Texas, with an upstream natural gas-weighted acquisition and a multi-year transport agreement aimed at the LNG export market. Kimmeridge, an alternative asset manager focused on the energy sector, said affiliate Kimmeridge Texas Gas (KTG) signed a deal to acquire…

Natural gas basis price differentials at the Waha and Houston Ship Channel (HSC) hubs in Texas narrowed substantially in the first half of this year versus the second half of 2022, according to an Energy Information Administration (EIA) analysis citing NGI data. The return to service of both Freeport LNG and the El Paso Natural…

SilverBow Resources Inc. agreed Monday to acquire Chesapeake Energy Corp.’s natural gas and oil assets in South Texas, a deal that would create the largest publicly held Eagle Ford Shale pure-play. Chesapeake would receive $700 million for the assets, including $650 million at closing and a $50 million deferred payment one year after the transaction…

Voyager Midstream Holdings LLC is setting its sights on acquisition and development opportunities in the Permian Basin and Eagle Ford Shale, executives of the newly formed independent company told NGI. Armed with an undisclosed initial capital commitment from Dallas-based Pearl Energy Investments, the midstream company is pursuing crude oil, natural gas and produced water infrastructure…

Driven by declines in the Permian Basin, the U.S. rig count dropped five units to 675 for the week ended Friday (July 14), according to the latest tally from Baker Hughes Co. (BKR). Domestic declines for the period included three oil-directed rigs and two natural gas-directed rigs. Total natural gas-directed rigs ended the week at…

Bucking a recent trend of retrenchment, the U.S. natural gas rig count rebounded sharply during the week ended Friday (July 7), jumping 11 units higher to finish at 135, according to updated numbers from Baker Hughes Co. (BKR). Oil drilling, meanwhile, declined by five rigs in the United States. The combined domestic tally rose six…

The upstream natural gas and oil industry in Texas is at risk of slowing in part as natural gas prices have plunged by more than 160% year/year, according to the Texas Alliance of Energy Producers (TAEP). NGI’s spot natural gas price at the Henry Hub was $2.090/MMBtu at the start of April, down more than…

Employment in the Texas upstream oil and gas industry continued to rise in April but at a slower clip than the previous month, according to the latest tally from the Texas Independent Producers and Royalty Owners Association (TIPRO). Direct employment in the exploration and production (E&P) sector totaled 199,400 for the month, up 700 jobs…