Eagle Ford Shale

Chesapeake Narrows Lower 48 Focus by Cutting Eagle Ford Stake in $1.4B Deal

Chesapeake Narrows Lower 48 Focus by Cutting Eagle Ford Stake in $1.4B Deal

Chesapeake Energy Corp. has reached a deal to sell its Upper Eagle Ford Shale assets in East Texas to WildFire Energy LLC for $1.425 billion. The sale includes 377,000 net acres and 1,350 wells across Chesapeake’s Brazos Valley operating area. The company absorbed the assets after acquiring WildHorse Resource Development Corp. in a $4 billion…

January 19, 2023
Milestone Unveils New Mexico’s First Carbon-Negative Energy Waste Facility in Permian

Milestone Unveils New Mexico’s First Carbon-Negative Energy Waste Facility in Permian

Milestone Environmental Services LLC has expanded its energy waste sequestration and cleanup efforts in the northern Delaware formation of the Permian Basin, with the opening of its first New Mexico-based liquid oilfield waste facility.  “American oil and gas is critical to powering the nation and the world, and Milestone is committed to cleaning up energy…

January 4, 2023
Domestic Oil, Natural Gas Permitting Slumps in November, but Trajectory for Record Year

Domestic Oil, Natural Gas Permitting Slumps in November, but Trajectory for Record Year

U.S. oil and gas permitting fell for the second month in a row in November, but it continues on track for a year-end high, according to Evercore ISI. The domestic permit count declined by 7% month/month (m/m) last month, down by 245. The pullback came after October slumped by 16% from September.  Still, the permit…

December 20, 2022
Texas Upstream Employment on A Roll, with 2,800 Jobs Added in October

Texas Upstream Employment on A Roll, with 2,800 Jobs Added in October

Upstream oil and natural gas employment in Texas grew in October, with 2,800 jobs added for the month, according to state data. The gains in oil and gas extraction, as well as support jobs, were even more impressive after the Texas Workforce Commission (TWC) revised upward the job gains in September to 2,200 from an…

November 28, 2022
EOG Attributes ‘Growing Multi-Basin Portfolio’ to Sustainable Value Creation

EOG Attributes ‘Growing Multi-Basin Portfolio’ to Sustainable Value Creation

EOG Resources Inc. expects the Utica Shale in Appalachia “to be its next large-scale premium resource play” following the acquisition of 395,000 net acres and 135,000 mineral acres for a combined cost of less than $500 million, management said.  The Houston-based exploration and production firm unveiled the acquisition alongside its third quarter earnings. The acreage…

November 16, 2022
Haynesville Continues to Pace Natural Gas Production Growth in Latest EIA Modeling

Haynesville Continues to Pace Natural Gas Production Growth in Latest EIA Modeling

Driven by the Haynesville Shale and the Permian Basin, natural gas production from seven key Lower 48 plays is set to surge 554 MMcf/d from October to November to more than 95 Bcf/d, according to updated modeling from the Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), published Monday, EIA said it…

October 17, 2022
Permian, Eagle Ford and Bakken Methane Cuts Hindered by Natural Gas Flaring Inefficiency

Permian, Eagle Ford and Bakken Methane Cuts Hindered by Natural Gas Flaring Inefficiency

Natural gas flaring from operations in the Permian Basin, Eagle Ford and Bakken shales does not work as efficiently as it could, with as much as 10% routinely unlit or malfunctioning, new research indicates. The Permian, Eagle Ford and Bakken account for about 80% of the gas flaring in the country, according to the University…

October 4, 2022
SilverBow Bolts On South Texas Package to Expand Eagle Ford, Austin Chalk Opportunities

SilverBow Bolts On South Texas Package to Expand Eagle Ford, Austin Chalk Opportunities

Less than one month after expanding its holdings in South Texas, SilverBow Resources Inc. is adding about 5,500 net acres to build its natural gas and oil portfolio in the Eagle Ford Shale and Austin Chalk.The Houston-based independent clinched the $87 million transaction with an undisclosed seller. The package “provides extended lateral lengths, increased drilling…

October 3, 2022
Silver Hill’s $1.2B Fund Targeting Haynesville, Eagle Ford and Austin Chalk Natural Gas Development

Silver Hill’s $1.2B Fund Targeting Haynesville, Eagle Ford and Austin Chalk Natural Gas Development

A $1.2 billion private equity fund raised by Silver Hill Energy Partners LP is eyeing plans to advance Lower 48 oil, natural gas and infrastructure, beginning with the Haynesville and Eagle Ford shales, as well as the Austin Chalk.  The fund has created Silver Hill Energy Partners III, which has made five upstream acquisitions across…

September 27, 2022
Magnolia Founder, Longtime Oxy Chief Chazen Remembered for ‘Profound’ Impact on Oil, Gas Industry

Magnolia Founder, Longtime Oxy Chief Chazen Remembered for ‘Profound’ Impact on Oil, Gas Industry

Stephen Chazen, the former chief executive of Magnolia Oil & Gas Corp., has passed away, the independent exploration and production company (E&P) said Friday. Chazen, who led the company since its inception four years ago, stepped down from his position only two days prior to his death, citing serious health reasons. “We are greatly saddened…

September 23, 2022
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