Eagle Ford Shale

Texas preliminary May crude oil production averaged 2.14 million b/d, up from the 1.68 million b/d average of May 2013. Preliminary crude oil production for May was 66.24 million bbl, up from 52.22 million bbl reported during May 2013.

Anadarko Petroleum Corp.’s U.S. onshore sales volumes averaged 667,000 boe/d during the second quarter, an increase of more than 117,000 boe/d from a year ago, primarily driven by the Wattenberg Field in Colorado, the Eagle Ford Shale and the Permian Basin’s Delaware formation.

Newfield Exploration Co. said its year-over-year (y/y) oil production rose more than 30% during the second quarter of 2014, led by gains in the Anadarko Basin but also due in part to success with wells targeting that Uinta Basin participating in its super extended laterals (SXL) program.

With unconfirmed reports of a hold being placed on requests to export crude oil condensates by the U.S. Commerce Department, U.S. Sen. Lisa Murkowski (R-AK) on Tuesday continued her call for the agency to loosen restrictions on condensate exports.

Sanchez Energy Corp.’s first operated Tuscaloosa Marine Shale (TMS) well ran into trouble during clean out, and the well’s lateral is currently being sidetracked, Sanchez said Wednesday.

Encana Corp. still reigns as Canada’s top natural gas explorer, but it’s quickly making a name for itself as a nimble onshore oil/liquids operator after production rose 43% in the latest quarter from a year ago.

Freeport-McMoRan Inc. is marketing up to $5 billion of onshore assets in the United States to concentrate resources on Gulf of Mexico opportunities, the company said Wednesday.

Despite falling slightly short of its expectations in the Marcellus Shale, Cabot Oil & Gas Corp. continued making the kind of progress in the Eagle Ford Shale that surprised financial analysts and helped it to surpass their expectations for second quarter earnings and production.

New ways to drill old basins in North America is piquing the interest of energy analysts, who will be looking for insight into capital spending plans through the rest of 2014, and whether more mergers and public offerings are coming during 2Q2014 earnings presentations.