Eagle Ford Shale

Onshore specialist EOG Resources Inc. has moved four horizontal plays into drilling mode from exploration in the Denver-Julesburg (DJ) and Powder River basins (PRB), joining a pot of development efforts ongoing in the Eagle Ford and Bakken shales and the Permian Basin.

EXCO Resources Inc. executives said the company continued to apply the technical know-how it gained in the Haynesville and Bossier shales to its operations in the Eagle Ford Shale during 1Q2014, while also meeting production guidance for the quarter and reducing debt.

ConocoPhillips posted better-than-expected results in the first quarter, aided by its “biggest contributor” today, the Eagle Ford Shale.

Accelerated completions and more pad drilling helped Houston-based Sanchez Energy Corp. triple first quarter production from a year ago. Eagle Ford Shale operations are in full development mode, and the company expects to spud its first Tuscaloosa Marine Shale (TMS) well next month.

BP plc is taking a $521 million impairment on its Utica Shale acreage in Ohio and will not proceed with development in the play, top management said Tuesday.

Despite severe winter weather that curtailed some of Cabot Oil & Gas Inc.’s production in both Texas and Pennsylvania in the first quarter, newfound momentum and a growing confidence in its assets will find it deploying another rig in the third quarter and scrapping its year-end plans to cut its budget by $75 million.

The U.S. onshore well count rose 4% year/year in 1Q2014, but it was down by 3% sequentially, with the biggest declines in the Marcellus and Barnett shales, Baker Hughes Inc. said.

An index of oil and natural gas upstream activity in Texas reached a new high for February with increasing production — for oil the highest since 1980 — higher commodity prices at the wellhead following along with a booming workforce.

Emissions of nitrogen oxides (NOx) and volatile organic compounds (VOC) in the Eagle Ford Shale region could increase sharply in the coming years as development ramps up, according to a recently released study.