Cabot Oil & Gas Corp.’s Eagle Ford Shale assets pushed its first quarter natural gas liquids (NGL) production up by more than 100% from the year-ago period, but it won’t squeeze profit margins moving forward, with a plan to curtail volumes as commodity prices remain low.
Topic / Eagle Ford Shale
SubscribeEagle Ford Shale
Articles from Eagle Ford Shale
Sanchez Smitten With Catarina, Targeting Three Vertical Zones in Eagle Ford
Sanchez Energy Corp. said it is targeting three separate vertical zones in a project area of the Eagle Ford Shale, after production from its first stacked development in the area exceeded expectations.
Sanchez Smitten With Catarina, Targeting Three Vertical Zones in Eagle Ford
Sanchez Energy Corp. said it is targeting three separate vertical zones in a project area of the Eagle Ford Shale, after production from its first stacked development in the area exceeded expectations.
Texas House Lawmakers Preliminarily Approve Frack-Friendly Bill
At midday Friday, after three hours of debate, Texas state Rep. Drew Darby (R-San Angelo) had fought back 10 amendments to his House Bill 40, which is intended to prevent municipalities from enacting ordinances that interfere with oil/gas drilling. HB 40 was passed to engrossment on a vote of 122-18 and faces one more vote in the House before passing to the state Senate.
Texas House Lawmakers Preliminarily Approve Frack-Friendly Bill
At midday Friday, after three hours of debate, Texas state Rep. Drew Darby (R-San Angelo) had fought back 10 amendments to his House Bill 40, which is intended to prevent municipalities from enacting ordinances that interfere with oil/gas drilling. HB 40 was passed to engrossment on a vote of 122-18 and faces one more vote in the House before passing to the state Senate.
Texas Bill Targeting Fracking Ban Stumbles in House
After opponents of legislation to limit how much Texas municipalities may regulate oil/natural gas drilling activities had been rallying for hours at the state capitol, the bill’s author pulled it from the House floor Tuesday because of discrepancies in a committee report on the legislation and for further consideration of amendments.
EIA Expects Big Seven NatGas, Oil Production to Fall Through May
Oil and natural gas production from the nation’s seven most prolific shale and tight oil plays, which has been on the march for months, is expected to decline in May, according to the Energy Information Administration (EIA).
If Oil Prices Hit $60 WTI, Watch Out For Deluge From Deferred Wells, Says Genscape
Some of the biggest U.S. operators have plans to defer 800-plus onshore wells, which account for close to 400,000 b/d of oil and 528 MMcf/d of natural gas production, but as oil prices slowly have inched up, there’s a real possibility even more production could ramp up this summer, according to Genscape Inc.
Rigs Drop Faster in ‘Lower For Longer’ Environment
“Lower for longer” is a phrase applied quite a bit of late to oil prices, but it applies to drilling rigs, too. In a Thursday note on oilfield services companies, analysts at Cowen and Company called an early third quarter bottom of about 900 to the Lower 48 U.S. rig count. But don’t expect there to be a bounce from there as much has changed in the industry.
Appalachia’s Potential NatGas Resources Up Sharply Since 2012
Anchored by the Appalachian Basin, the Atlantic area’s technically recoverable natural gas resource base has risen an estimated 24% since 2012, more than any other area offshore and onshore in the United States, the Potential Gas Committee (PGC) said in the new biennial report.