Eagle Ford Shale

Lower 48 natural gas production is expected to increase month/month in October in almost every major basin, with oil output set to climb in most regions too, federal researchers said Monday. The Drilling Productivity Report (DPR), compiled every month by the Energy Information Administration, indicated that gas production is predicted to increase in October from…

A week after the Gulf of Mexico (GOM) saw its rig count flatline, a partial recovery in offshore activity helped lift the overall U.S. drilling tally six units higher to 503 as of Friday, according to the latest data from Baker Hughes Co. (BKR). Seven oil-directed rigs were added in the United States for the…

The U.S. natural gas rig count fell five units to finish at 97 for the week ended Friday (Aug. 20), but a surge in oil-directed drilling drove an overall net gain in domestic drilling activity, according to the latest figures from Baker Hughes Co. (BKR). Eight oil-directed rigs were added in the United States for…

Houston’s SilverBow Resources Inc. has continued its Lower 48 acreage expansion amid high commodity prices with a new natural gas-rich acquisition.  The latest deal is an estimated $33 million all-stock transaction with an undisclosed seller. SilverBow is gaining 45,000 net acres in the Eagle Ford Shale of South Texas, bolstering its gas-weighted position in McMullen…

U.S. independent Murphy Oil Corp. plans to drill in the Austin Chalk formation in South Texas later this year, with an eye to derisking about 100 more locations in the play. The company plans to drill four wells on its Eagle Ford Shale acreage in the fourth quarter, one of which is to target the…

Natural gas and oil production is predicted to increase in September month/month in the seven key producing regions of the Lower 48, according to the Energy Information Administration (EIA).  The EIA’s monthly Drilling Productivity Report (DPR), issued on Monday, highlights forecast activity in the Anadarko, Appalachia and Permian basins, Bakken, Eagle Ford and Haynesville shales,…

U.S. drilling permit activity climbed sharply in July, led by the Eagle Ford Shale, Powder River and Permian basins, but the overall numbers are still short from the pre-pandemic days of July 2019, according to Evercore ISI. The energy analyst team led by James West uses federal and state data to compile a monthly review…

The U.S. natural gas rig count dropped one unit to 102 for the week ended Friday (Aug. 13), while a surge in the oil patch drove a sharp increase in the combined domestic drilling tally, according to the latest figures from Baker Hughes Co. (BKR). Ten oil-directed rigs were added in the United States for…

The Eagle Ford Shale and Williston Basin led a surge in U.S. onshore drilling activity during the week ended Friday as the domestic rig count rose nine units to an even 500, according to the latest figures from Baker Hughes Co. (BKR). Ten oil-directed rigs were added in the United States for the week, offsetting…