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.
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Analysts Say Appalachia, Eagle Ford to Drive Dry Gas Growth Through 2035
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.
Comstock All In for Oil Next Year in Eagle Ford, TMS
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.
NatGas Returns as Texas Sets Another Upstream Record
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%.
PVA Unloads Eagle Ford Midstream as It Focuses on E&P
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.
Firms Ask Texas Appeals Court to Overturn $595M Award in Eagle Ford Case
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.
BreitBurn Buys Permian Properties in Texas for $282M
BreitBurn Energy Partners LP (BBEP) is buying oil and gas properties in the Permian Basin in Texas from CrownRock LP for approximately $282 million.
BHP: 200,000 b/d Production from U.S. Shales in 2017
BHP Billiton’s U.S. shale business will grow liquids production to 200,000 b/d in fiscal 2017, based on planned annual investment of $4 billion, while the company’s total onshore U.S. production reaches 500,000 boe/d over the same period, Tim Cutt, president of the BHP’s petroleum and potash business said in Houston Tuesday.
Laredo, Newfield Plan on Billion Dollar Budgets for 2014
Two independent producers unveiled their capital expenditure budgets this week and gave an early update on production guidance for 2014 in basins stretching from Texas to the Rocky Mountains.
Eagle Ford Counties Led Texas Oil Production in September
Counties in the Eagle Ford Shale region of South Texas were four of the state’s top five oil-producing counties during September, while North Texas counties were four of the top five natural gas producers, according to the Railroad Commission of Texas (RRC).