Eagle Ford Shale

Texas Shatters Monthly Natural Gas, Oil Production Records as Jobs, Permitting Tick Upward

Texas Shatters Monthly Natural Gas, Oil Production Records as Jobs, Permitting Tick Upward

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…

October 24, 2023
Kimmeridge Adding Eagle Ford Natural Gas Acreage, Pipeline Capacity with Eye Toward LNG Exports

Kimmeridge Adding Eagle Ford Natural Gas Acreage, Pipeline Capacity with Eye Toward LNG Exports

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…

October 12, 2023
Supply/Demand Balancing Drives Convergence Between Texas, Henry Hub Natural Gas Prices

Supply/Demand Balancing Drives Convergence Between Texas, Henry Hub Natural Gas Prices

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…

August 23, 2023
SilverBow Buys Chesapeake’s South Texas Assets, Adding Targets in Eagle Ford and Austin Chalk

SilverBow Buys Chesapeake’s South Texas Assets, Adding Targets in Eagle Ford and Austin Chalk

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…

August 14, 2023
New Midstreamer Voyager Seeking Development Opportunities in Texas, Beyond

New Midstreamer Voyager Seeking Development Opportunities in Texas, Beyond

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…

August 3, 2023
Permian Slowdown Drives Five-Rig Decrease in Latest BKR Tally

Permian Slowdown Drives Five-Rig Decrease in Latest BKR Tally

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…

July 14, 2023
Natural Gas Rigs See Double Digit Rebound, Bucking Recent Trend

Natural Gas Rigs See Double Digit Rebound, Bucking Recent Trend

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…

July 7, 2023
Contraction Possible for Texas Upstream as Natural Gas Prices Fall, Says Top Economist

Contraction Possible for Texas Upstream as Natural Gas Prices Fall, Says Top Economist

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…

May 31, 2023
Texas E&P Sector Sees Slower Job Growth as Rig Count, Natural Gas Prices Slump

Texas E&P Sector Sees Slower Job Growth as Rig Count, Natural Gas Prices Slump

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…

May 22, 2023
Callon Petroleum Shedding Eagle Ford Assets, Expanding in Permian

Callon Petroleum Shedding Eagle Ford Assets, Expanding in Permian

Callon Petroleum Co. is exiting the Eagle Ford Shale and expanding its Permian Basin position through a pair of transactions, management said.  Callon is selling its Eagle Ford assets to Ridgemar Energy Operating LLC for $655 million in cash and potential contingent payments of up to $45 million. Separately, Callon has agreed to purchase Permian-based…

May 11, 2023