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Eagle Ford Shale

Crescent Pass Expands Footprint in Eagle Ford, Cotton Valley

Crescent Pass Expands Footprint in Eagle Ford, Cotton Valley

Houston-based Crescent Pass Energy LLC, whose Lower 48 focus is in Texas and Louisiana, has expanded its footprint after acquiring producing assets in the northern part of the Eagle Ford Shale and through three bolt-on transactions in the Cotton Valley formation in East Texas. The Eagle Ford deal gives Crescent Pass entry into the play.…

October 1, 2021
Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Activity Rises in Permian, Eagle Ford as U.S. Rig Count Climbs on Oil Drilling

Increased activity in the Permian Basin and Eagle Ford Shale helped push the U.S. rig count nine units higher to 512 during the week ended Friday (Sept. 17), according to the latest data from Baker Hughes Co. (BKR). A 10-rig increase in oil-directed drilling offset a one-rig decline in natural gas-directed rigs in the United…

September 17, 2021
Warwick Splashes $450M on Rosewood Eagle Ford Assets

Warwick Splashes $450M on Rosewood Eagle Ford Assets

Oklahoma City-based Warwick Investment Group is bulking up its operated Eagle Ford Shale footprint with the acquisition of oil and gas assets from Rosewood Resources Inc. Warwick said Wednesday it would pay $450 million to purchase and develop the Eagle Ford assets from Rosewood, which is controlled by the wealthy Hunt family. The assets offset…

September 16, 2021
Haynesville, Appalachia Natural Gas to Increase in October, Says EIA

Haynesville, Appalachia Natural Gas to Increase in October, Says EIA

Lower 48 natural gas production is expected to increase month/month in October in almost every major basin, with oil output set to climb in most regions too, according to federal researchers. The Drilling Productivity Report (DPR), compiled every month by the Energy Information Administration, on Monday predicted gas output would increase in October from September…

September 16, 2021
Lower 48 Natural Gas Production Seen Higher in October, Led by Haynesville and Appalachia

Lower 48 Natural Gas Production Seen Higher in October, Led by Haynesville and Appalachia

Lower 48 natural gas production is expected to increase month/month in October in almost every major basin, with oil output set to climb in most regions too, federal researchers said Monday. The Drilling Productivity Report (DPR), compiled every month by the Energy Information Administration, indicated that gas production is predicted to increase in October from…

September 13, 2021
U.S. Rig Count Climbs on Partial GOM Recovery

U.S. Rig Count Climbs on Partial GOM Recovery

A week after the Gulf of Mexico (GOM) saw its rig count flatline, a partial recovery in offshore activity helped lift the overall U.S. drilling tally six units higher to 503 as of Friday, according to the latest data from Baker Hughes Co. (BKR). Seven oil-directed rigs were added in the United States for the…

September 10, 2021
U.S. Natural Gas Rig Count Drops Five as Oil Drilling Rises

U.S. Natural Gas Rig Count Drops Five as Oil Drilling Rises

The U.S. natural gas rig count fell five units to finish at 97 for the week ended Friday (Aug. 20), but a surge in oil-directed drilling drove an overall net gain in domestic drilling activity, according to the latest figures from Baker Hughes Co. (BKR). Eight oil-directed rigs were added in the United States for…

August 20, 2021
Buoyed by Rising Prices, SilverBow Expands Eagle Ford Position

Buoyed by Rising Prices, SilverBow Expands Eagle Ford Position

Houston’s SilverBow Resources Inc. has continued its Lower 48 acreage expansion amid high commodity prices with a new natural gas-rich acquisition.  The latest deal is an estimated $33 million all-stock transaction with an undisclosed seller. SilverBow is gaining 45,000 net acres in the Eagle Ford Shale of South Texas, bolstering its gas-weighted position in McMullen…

August 18, 2021
Murphy Looking to Drill Austin Chalk in Texas

Murphy Looking to Drill Austin Chalk in Texas

U.S. independent Murphy Oil Corp. plans to drill in the Austin Chalk formation in South Texas later this year, with an eye to derisking about 100 more locations in the play. The company plans to drill four wells on its Eagle Ford Shale acreage in the fourth quarter, one of which is to target the…

August 17, 2021
Lower 48 Natural Gas, Oil Predicted to Climb in September, Says EIA

Lower 48 Natural Gas, Oil Predicted to Climb in September, Says EIA

Natural gas and oil production is predicted to increase in September month/month in the seven key producing regions of the Lower 48, according to the Energy Information Administration (EIA).  The EIA’s monthly Drilling Productivity Report (DPR), issued on Monday, highlights forecast activity in the Anadarko, Appalachia and Permian basins, Bakken, Eagle Ford and Haynesville shales,…

August 16, 2021
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