Eagle Ford Shale

A Gulf Coast refined products export terminal that was reactivated to take advantage of the shale oil boom has loaded its first cargo, operator Enterprise Products Partners LP said Tuesday.

During the first quarter Penn Virginia Corp. (PVA) set a quarterly oil production record, thanks to a 15% increase in output from its Eagle Ford Shale operations as it continues to grow and delineate its South Texas acreage.

Encana Corp. made the move from natural gas-heavy to liquids-rich generator in the first quarter as new well designs and a sharper focus highlighted the strength of its onshore portfolio.

Halcon Resources Corp. reported forward progress in the Tuscaloosa Marine Shale (TMS) during the first quarter, while making drilling improvements in the Williston Basin and derisking its holdings in a portion of the Eagle Ford Shale in East Texas.

Midstream operators MarkWest Energy Partners and DCP Midstream Partners each had strong first quarters, opening a plethora of infrastructure and processing facilities in U.S. shale plays, and recording significant earnings increases, the companies said in separate announcements this week.

Encana Corp. on Wednesday doubled its current oil production in one swift move by agreeing to pay $3.1 billion for a slice of the Eagle Ford Shale in South Texas.

The makeover at Devon Energy Corp. to become an oil heavy proved its worth in the first quarter, fueled by a new midstream arm and production gains driven almost exclusively by the Permian Basin and Eagle Ford Shale.

Chesapeake Energy Corp. is more than making do with its smaller portfolio and reduced spending plans, with its first quarter natural gas and oil production increasing by 11% and revenues surging 47%.

Carrizo Oil & Gas Inc. raised its oil production guidance for the rest of the year as 1Q2014 oil and natural gas production beat guidance and acreage was bolted on in the Eagle Ford and Utica shales. The company said it may have the best condensate-producing well in the entire Utica.