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Eagle Ford Shale

Ending Slide, Seven Key U.S. Onshore Regions to Raise Natural Gas Output in July, EIA Says

Ending Slide, Seven Key U.S. Onshore Regions to Raise Natural Gas Output in July, EIA Says

Breaking from a prolonged downtrend that dates back to before the Covid-19 pandemic, natural gas output from seven key U.S. onshore regions is poised to grow from June to July, according to updated modeling from the Energy Information Administration (EIA). Natural gas production from the Anadarko, Appalachia and Permian basins, as well as from the…

June 15, 2021
EIA Models Higher Natural Gas Output from Lower 48 for First Time Since Pre-Covid

EIA Models Higher Natural Gas Output from Lower 48 for First Time Since Pre-Covid

Breaking from a prolonged downtrend that dates back to before the Covid-19 pandemic, natural gas output from seven key U.S. onshore regions is poised to grow from June to July, according to updated modeling from the Energy Information Administration (EIA). Natural gas production from the Anadarko, Appalachia and Permian basins, as well as from the…

June 14, 2021
Texas and California Oil, Gas Permitting Turns South in May

Texas and California Oil, Gas Permitting Turns South in May

The U.S. drilling permit count reversed by 23% in May month/month and was down 3% from a year ago, Evercore ISI said in its latest summary of nationwide data. The energy analyst firm each month compiles oil and gas permitting figures using state and federal data.  April permitting had bounced up by double digits from…

June 10, 2021
Medallion Testing Support to Move Permian Oil to South Texas

Medallion Testing Support to Move Permian Oil to South Texas

Medallion Pipeline Company LLC has launched a nonbinding open season through June 25 for the capacity it leases on the Epic Crude Oil Pipeline. The 30-inch diameter Epic oil system extends from Orla, TX, in the heart of the Permian to the Port of Corpus Christi in South Texas. It transports oil from the Permian’s…

May 25, 2021
Natural Gas Rig Count Down One in U.S. as Oil Patch Notches Further Gains

Natural Gas Rig Count Down One in U.S. as Oil Patch Notches Further Gains

The U.S. natural gas rig count slid one unit to finish at 99 for the week ended Friday (May 21), while another round of additions in the oil patch lifted the overall domestic tally higher for the period, according to data published by Baker Hughes Co. (BKR). Four oil-directed rigs were added in the United…

May 21, 2021
Onshore Gains Nudge U.S. Rig Count Higher as GOM Total Shrinks

Onshore Gains Nudge U.S. Rig Count Higher as GOM Total Shrinks

Gains in land drilling offset a decline in the Gulf of Mexico (GOM) to send the U.S. natural gas rig count two units higher to 455 for the week ended Friday (May 21), according to the latest numbers from Baker Hughes Co. (BKR). Four oil-directed rigs were added in the United States for the week,…

May 21, 2021
Ranger Builds Lower 48 Wireline Business with All-Stock Trade for Patriot

Ranger Builds Lower 48 Wireline Business with All-Stock Trade for Patriot

Houston-based Ranger Energy Services Inc. has agreed to swap stock for Patriot Completion Solutions LLC to expand its Lower 48 wireline business. Ranger provides well service rigs and associated oilfield services (OFS) for domestic onshore producers with a focus on unconventional well completions and production operations. Patriot, a portfolio company of White Deer Energy, offers…

May 20, 2021
Marathon Oil Sticking to 2021 Capex Even if Oil Prices Rise

Marathon Oil Sticking to 2021 Capex Even if Oil Prices Rise

Houston-based Marathon Oil Corp. will stick to its $1 billion capital expenditures (capex) budget in 2021 even if oil prices keep rising, according to management.  Assuming a $60/bbl West Texas Intermediate (WTI) oil price, the independent expects to generate $1.6 billion of free cash flow (FCF) this year, CEO Lee Tillman said during a call…

May 19, 2021
EIA Predicts Shrinking NatGas Output, Rising Oil from U.S. Plays in June

EIA Predicts Shrinking NatGas Output, Rising Oil from U.S. Plays in June

Natural gas production from seven key U.S. onshore regions is set to decline from May to June, while oil supply is poised for growth thanks to output from the Permian Basin, according to the Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), EIA said it expects the Anadarko, Appalachia and Permian basins,…

May 19, 2021
EIA Modeling June Oil Production Growth on Strength of Permian Output

EIA Modeling June Oil Production Growth on Strength of Permian Output

Driven by the Permian Basin, oil production out of seven key U.S. onshore regions is set to grow from May to June, while natural gas production is on track to decline, according to the updated projections from the Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), EIA said it expects the Anadarko,…

May 17, 2021
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