Calfrac Well Services Ltd.has agreed to acquire all of the operating assets ofMission Well Services LLC, a privately-held hydraulic fracturing and coiled tubing services provider focused on the Eagle Ford Shale, for $147 million. Calfrac will acquire 157,500 hp of conventional pumping equipment, along with high-rate blenders, related sand-handling and auxiliary equipment, three deep-capacity coiled tubing units with related fluid and nitrogen pumping units and a modern district facility in San Antonio. Calfrac will gain a foothold in the Texas market with the addition of locations in Houston, San Antonio and Fairfield. The company is assuming certain commitments with key suppliers of Mission and will be offering employment to a significant portion of Mission’s employees. Calfrac intends to transfer a portion of the assets to other active operating areas in the United States. With the acquired assets, Calfrac will have more than 1.18 million hp of conventional pumping capacity.
Eagle Ford Shale
Articles from Eagle Ford Shale
Sanchez Energy Corp. is buying up more of the Eagle Ford Shale, acquiring 11 million boe of proved reserves and 2,000 boe/d of production on 3,600 contiguous net acres in McMullen County, TX.
Crude oil prices, permits to drill and industry employment all surged in July to boost the Texas Petro Index (TPI) by 3.5 points — the largest month-to-month increase in 18 months — to a record 287.7. The previous record was set in 2008.
More than one year after creating a subcommittee to study hydraulic fracturing (fracking) and develop a consensus for best practices, ASTM International has proposed a new standard for data management and reporting that would cover oil and gas operations in shale plays.
AnEOG Resources Inc.Eagle Ford Shale well that experienced a well control incident Wednesday was still burning Friday morning although the fire had diminished, the company said. There were no reports of injuries as a result on the incident in Lavaca County, TX, and all rig personnel were safely evacuated and accounted for, EOG said.Wild Well Controlwas contracted to assist in the response effort. The company said it was too early to determine the cause.
NuStar Energy LPaffiliateNuStar Logistics LPhas extended an open season to Sept. 30 for its proposed South Texas Crude Oil Pipeline. NuStar is assessing shipper interest incapacityto transport Eagle Ford Shale crude oil from several terminal locations on its South Texas system in Frio, McMullen and La Salle counties to its Corpus Christi, TX, North Beach facility (seeShale Daily,July 24).
Both oil and natural gas production in the Lone Star state climbed during June from year-ago levels, and the top producing counties remained the familiar Permian Basin and Eagle Ford Shale region names, according to Railroad Commission of Texas (RRC) data.
Genesis Energy LP has completed preliminary work and is preparing to begin construction of a $75 million crude oil unit train unloading facility in Raceland, LA, the Houston-based company said Monday.
While earlier research in Texas’ Barnett Shale linked drilling waste injection into underground storage wells with increased seismic activity, new work in the Eagle Ford by the same geologist suggests that drawing liquids out of the ground can induce earthquakes there.
Anadarko Petroleum Corp. is setting the wheels in motion to accelerate U.S. onshore drilling following the $2.64 billion cash sale for part of its offshore Mozambique natural gas project.