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Eagle Ford Shale

Texans Pass Water Measure Supported by Oil, Gas Industry

Texans have voted overwhelmingly for a constitutional amendment to allocate $2 billion from the state’s “rainy day” fund to programs intended to secure water supplies in the frequently drought-stricken state. The measure had the support of the oil and gas industry, whose use of water for hydraulic fracturing is often scrutinized.

November 7, 2013

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The Texas Petro Index (TPI), a barometer of oil and gas activity in the Lone Star State, set another record in September, mainly on the back of robust oil production. But while natural gas production declines, stronger prices more than compensate.

November 7, 2013
Marathon Oil Eagle Ford Retention Drilling Mostly Done

Marathon Oil Eagle Ford Retention Drilling Mostly Done

Marathon Oil Corp. continued to raise its game in the Eagle Ford Shale during the third quarter, improving drilling times by 20% from a year ago and bringing drilling and completion costs down by 20%. The company still plans to exit the year with net production of about 100,000 boe/d from the South Texas play.

November 5, 2013
Eagle Ford, Lower 48 Shales, Continue to ‘Excite’ ConocoPhillips

Eagle Ford, Lower 48 Shales, Continue to ‘Excite’ ConocoPhillips

ConocoPhillips executives said most of the company’s production growth during 3Q2013 came from shale plays in the Lower 48 — especially the Eagle Ford and the Bakken — and predicted “significant growth and very high margin growth” from the Eagle Ford for several more years.

November 4, 2013
Texas Production Grows with Half of Country’s Land Rigs

Texas Production Grows with Half of Country’s Land Rigs

About half of the active land drilling rigs in the United States are drilling in Texas, home of red hot oil plays in the Permian Basin and Eagle Ford Shale. Based on preliminary Railroad Commission of Texas (RRC) production figures for August, production of oil and gas in the state are up from year-ago levels.

October 31, 2013

ExxonMobil Makes Strong Turn to U.S. Liquids

Like the lumbering giants they resemble, oil majors take a bit more time to pivot from one target to the next, a task exceedingly difficult for North America’s top natural gas producer, ExxonMobil Corp. The pirouette to more oily targets came full circle in the third quarter in the three most strategic U.S. leaseholds, the Permian Basin and the Woodford and Bakken shales.

October 31, 2013

Sanchez 3Q Output Seven Times Year-Ago, Prepping for TMS

Sanchez Energy Corp. is in full development mode in each of its project areas in the Eagle Ford Shale and is preparing to begin an operated drilling program next year on recently acquired Tuscaloosa Marine Shale (TMS) acreage. Third quarter production was up by 710% from the year-ago quarter.

October 24, 2013
EIA Launches Drilling Productivity Report

EIA Launches Drilling Productivity Report

It’s not how many rigs there are in the shale patch; it’s what they’re doing. As drilling productivity continues to climb, the industry has realized a simple rig count is a poor indicator of future production. Now the Energy Information Administration (EIA) is monitoring and reporting on drilling productivity.

October 22, 2013
Drill, Baby, Drill — Faster Still

Drill, Baby, Drill — Faster Still

The average U.S. onshore drilling rig is producing 2% more wells than it did three months ago, and increasingly, rigs are targeting liquids-rich plays over those known for producing dry gas, according to Baker Hughes Inc.

October 14, 2013

Chesapeake Lay-Offs Part of Moves to Rein in Spending

More than 800 Chesapeake Energy Corp. employees were laid off on Tuesday as CEO Doug Lawler continues to make over the company that Aubrey McClendon built (see related story).

October 10, 2013