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Eagle Ford Shale

Texas Upstream Employment on A Roll, with 2,800 Jobs Added in October

Texas Upstream Employment on A Roll, with 2,800 Jobs Added in October

Upstream oil and natural gas employment in Texas grew in October, with 2,800 jobs added for the month, according to state data. The gains in oil and gas extraction, as well as support jobs, were even more impressive after the Texas Workforce Commission (TWC) revised upward the job gains in September to 2,200 from an…

November 28, 2022
EOG Attributes ‘Growing Multi-Basin Portfolio’ to Sustainable Value Creation

EOG Attributes ‘Growing Multi-Basin Portfolio’ to Sustainable Value Creation

EOG Resources Inc. expects the Utica Shale in Appalachia “to be its next large-scale premium resource play” following the acquisition of 395,000 net acres and 135,000 mineral acres for a combined cost of less than $500 million, management said.  The Houston-based exploration and production firm unveiled the acquisition alongside its third quarter earnings. The acreage…

November 16, 2022
Haynesville Continues to Pace Natural Gas Production Growth in Latest EIA Modeling

Haynesville Continues to Pace Natural Gas Production Growth in Latest EIA Modeling

Driven by the Haynesville Shale and the Permian Basin, natural gas production from seven key Lower 48 plays is set to surge 554 MMcf/d from October to November to more than 95 Bcf/d, according to updated modeling from the Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), published Monday, EIA said it…

October 17, 2022
Permian, Eagle Ford and Bakken Methane Cuts Hindered by Natural Gas Flaring Inefficiency

Permian, Eagle Ford and Bakken Methane Cuts Hindered by Natural Gas Flaring Inefficiency

Natural gas flaring from operations in the Permian Basin, Eagle Ford and Bakken shales does not work as efficiently as it could, with as much as 10% routinely unlit or malfunctioning, new research indicates. The Permian, Eagle Ford and Bakken account for about 80% of the gas flaring in the country, according to the University…

October 4, 2022
SilverBow Bolts On South Texas Package to Expand Eagle Ford, Austin Chalk Opportunities

SilverBow Bolts On South Texas Package to Expand Eagle Ford, Austin Chalk Opportunities

Less than one month after expanding its holdings in South Texas, SilverBow Resources Inc. is adding about 5,500 net acres to build its natural gas and oil portfolio in the Eagle Ford Shale and Austin Chalk.The Houston-based independent clinched the $87 million transaction with an undisclosed seller. The package “provides extended lateral lengths, increased drilling…

October 3, 2022
Silver Hill’s $1.2B Fund Targeting Haynesville, Eagle Ford and Austin Chalk Natural Gas Development

Silver Hill’s $1.2B Fund Targeting Haynesville, Eagle Ford and Austin Chalk Natural Gas Development

A $1.2 billion private equity fund raised by Silver Hill Energy Partners LP is eyeing plans to advance Lower 48 oil, natural gas and infrastructure, beginning with the Haynesville and Eagle Ford shales, as well as the Austin Chalk.  The fund has created Silver Hill Energy Partners III, which has made five upstream acquisitions across…

September 27, 2022
Magnolia Founder, Longtime Oxy Chief Chazen Remembered for ‘Profound’ Impact on Oil, Gas Industry

Magnolia Founder, Longtime Oxy Chief Chazen Remembered for ‘Profound’ Impact on Oil, Gas Industry

Stephen Chazen, the former chief executive of Magnolia Oil & Gas Corp., has passed away, the independent exploration and production company (E&P) said Friday. Chazen, who led the company since its inception four years ago, stepped down from his position only two days prior to his death, citing serious health reasons. “We are greatly saddened…

September 23, 2022
Permian Leads as Oil Gains Push Baker’s U.S. Drilling Tally Higher

Permian Leads as Oil Gains Push Baker’s U.S. Drilling Tally Higher

Driven by oil-directed drilling growth, including in the Permian Basin, the U.S. rig count rose four units to 763 during the week ended Friday (Sept. 16), according to the latest data from oilfield services provider Baker Hughes Co. (BKR). An eight-rig increase in oil-directed drilling in the United States for the week was partially offset…

September 16, 2022
SilverBow Bolts On Natural Gas-Rich Assets in South Texas

SilverBow Bolts On Natural Gas-Rich Assets in South Texas

SilverBow Resources Inc. has acquired 7,500 net acres in South Texas producing 30 MMcf/d through a series of transactions, leasing and drill-to-earn agreements, the Houston-based independent said. The acreage block in the Dorado play in Webb County is near the Mexico border, and it nearly doubled SilverBow’s position there. The various transactions were estimated to…

September 15, 2022
EIG Agrees to Pay $4.8B for Stake in Repsol’s New Natural Gas-Weighted E&P

EIG Agrees to Pay $4.8B for Stake in Repsol’s New Natural Gas-Weighted E&P

Private equity giant EIG is gaining a bigger foothold in the world’s natural gas and oil projects after clinching an estimated $4.8 billion agreement to acquire a 25% stake in Repsol SA’s new upstream company. Repsol Upstream, 70% weighted to natural gas, has been formed as the supermajor’s exploration and production (E&P) company. It would…

September 7, 2022
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