Australia’s Aurora Oil & Gas Ltd., which is focused on the Eagle Ford Shale, said it projects production will grow about 47% in 2014, as it spends $455-495 million on capital expenditures (capex) and launches its largest non-operated well development program.
Eagle Ford Shale
Articles from Eagle Ford Shale
The Railroad Commission of Texas (RRC) was scheduled to hold a town hall meeting Thursday night in Tarrant County to discuss seismic occurrences in the Barnett Shale in North Texas, a phenomenon which some scientists have linked to wastewater injection wells.
Howard Energy Partners has begun construction on two liquids-handling facilities to serve South Texas production from the Eagle Ford Shale and provide expanded market access for multiple products.
Calumet Specialty Products Partners LP unit Calumet San Antonio Refining LLC has contracted with TexStar Midstream Logistics LP for TexStar to construct, own and operate a 30,000 b/d crude oil pipeline system to carry Eagle Ford crude oil to Calumet’s San Antonio, TX, refinery.
Texas oil and natural gas production during October continued to climb from year-ago levels, according to preliminary data released by the Railroad Commission of Texas (RRC). Drilling permit activity is down slightly from a year ago, but the Permian Basin and Eagle Ford Shale regions continue to lead the pack for permits issued.
The use of natural gas for power generation will continue to expand, the industrial sector of the U.S. economy will see a modest revival, and the demand for natural gas vehicles (NGV) will continue to rise through 2035, according to analysts at Navigant Consulting Inc.
Natural gas is back. At least it is in Texas, according to the latest barometer of oil and gas activity in the state, which shows that higher wellhead prices have boosted the value of Lone Star state gas production this year through October by 36.5%.
Comstock Resources Inc. plans to spend $450 million on drilling and completions next year in its core South Texas Eagle Ford play, as well as it’s emerging East Texas Eagle Ford and in the Tuscaloosa Marine Shale (TMS). All drill bits will be pointed at oil with no gas wells planned, the company said.
Penn Virginia Corp. (PVA) is selling substantially all of its Eagle Ford Shale natural gas midstream assets to a newly-formed affiliate of ArcLight Capital Partners LLC for gross cash proceeds of $100 million.
Two energy firms and their affiliates have asked a Texas appeals court to reverse a lower court ruling in an aiding-and-abetting case over assets in the Eagle Ford Shale that ultimately awarded Longview Energy Co. about $595 million.