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Eagle Ford Shale

Low Natural Gas, Oil Prices Break Two-Year Uptrend for Proved U.S. Reserves, Says EIA

Low Natural Gas, Oil Prices Break Two-Year Uptrend for Proved U.S. Reserves, Says EIA

A two-year trend of rising proved reserves of natural gas and oil in the United States ground to a halt amid a decline in prices in 2019, according to the Energy Information Administration (EIA). Natural gas proved reserves decreased 1.9% year/year in 2019 to 494.9 Tcf from 504.5 Tcf. This is the first annual decrease…

January 11, 2021
Dallas Fed Survey Finds ‘Signs of Improvement,’ Optimism in 2021 for U.S. Oil, Gas Sector

Dallas Fed Survey Finds ‘Signs of Improvement,’ Optimism in 2021 for U.S. Oil, Gas Sector

U.S. energy executives remain wary about the outlook for the oil and natural gas markets this year, and are relying on moderate commodity prices as they finesse their 2021 capital spending plans, according to a recent survey by the Federal Reserve Bank of Dallas. The Dallas Fed, as it is better known, every quarter surveys…

January 7, 2021
Texas Natural Gas and Oil Production Off Sharply in October, but Permian Still Leading Activity

Texas Natural Gas and Oil Production Off Sharply in October, but Permian Still Leading Activity

Texas crude oil and natural gas production posted double-digit percentage losses year/year in October as the state continued to grapple with weakened demand and a soft price environment, according to the Railroad Commission of Texas (RRC). The average daily production of natural gas in Texas declined by more than 16% year/year in October, while crude…

December 31, 2020
Natural Gas Production from Seven Key Plays to Slide to 79.2 Bcf/d in September, EIA Says

Natural Gas Production from Seven Key Plays to Slide to 79.2 Bcf/d in September, EIA Says

Both natural gas and oil production from seven key U.S. onshore plays is set to decline in September, continuing a downtrend that began earlier this year, according to the latest Drilling Productivity Report (DPR) published Monday by the Energy Information Administration (EIA). EIA expects natural gas production from the Anadarko, Appalachian, Denver Julesburg-Niobrara and Permian…

August 18, 2020
Led by Permian, U.S. Oil Rigs Tally First Net Gain Since March, BKR Data Show

Led by Permian, U.S. Oil Rigs Tally First Net Gain Since March, BKR Data Show

Further retrenchment in natural gas-directed drilling dropped the overall U.S. rig count two units to 251 for the week ending Friday (July 24), but the domestic oil count edged higher for the first time in months, according to the latest data from Baker Hughes Co. (BKR). The United States added one oil-directed rig for the…

July 24, 2020
Chevron’s $13B Deal for Noble to Add Lower 48 Heft, Natural Gas Promise in Offshore Eastern Med, Equatorial Guinea

Chevron’s $13B Deal for Noble to Add Lower 48 Heft, Natural Gas Promise in Offshore Eastern Med, Equatorial Guinea

Chevron Corp. has clinched a definitive agreement to acquire Houston super independent Noble Energy Inc. in an all-stock transaction worth $5 billion that carries a total enterprise value, including debt, of $13 billion. The transaction, which values Noble at $10.38/share, would trade 0.1191 Chevron shares for each Noble share. Noble’s massive natural gas operation offshore…

July 20, 2020
Utica, Haynesville Down as U.S. Drops Five Rigs

Utica, Haynesville Down as U.S. Drops Five Rigs

A drop-off in the Utica and Haynesville shales saw the U.S. rig count fall five units to finish at 253 for the week ending Friday (July 17), according to the latest figures from Baker Hughes Co. (BKR). Four natural gas-directed rigs exited the patch in the United States during the week, joined by one oil-directed…

July 17, 2020
Texas Oil, Gas Inspections Looking Up as RRC Launches Drones to Improve Oversight

Texas Oil, Gas Inspections Looking Up as RRC Launches Drones to Improve Oversight

Texas oil and gas regulators are planning to step up their enforcement abilities, including through the enhanced use of drones, to improve oversight of the massive energy industry. The Railroad Commission of Texas (RRC) outlined its fiscal year (FY) 2021 strategic priorities, with a big goal to accurately monitor and enforce major oil and gas…

July 6, 2020
U.S. Rig Count Down as Oil, Gas Patch Shows Signs of Stabilizing Post-Covid

U.S. Rig Count Down as Oil, Gas Patch Shows Signs of Stabilizing Post-Covid

Posting its smallest weekly decline in months, the U.S. rig count dropped one unit to finish at 265 for the week ending Friday (June 26), suggesting that upstream activity could finally be stabilizing after a prolonged period of Covid-induced retrenchment. According to the latest Baker Hughes Co. (BKR) data, total U.S. natural gas-directed rigs finished…

June 26, 2020
Third Straight Natural Gas, Oil Production Downturn Expected in July from Key Lower 48 Plays

Third Straight Natural Gas, Oil Production Downturn Expected in July from Key Lower 48 Plays

For what would be a third straight month, oil and natural gas production from seven of the nation’s most prolific onshore unconventional plays will be down in July compared to June, the Energy Information Administration (EIA) said Monday.

June 15, 2020
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