Eagle Ford Shale

Houston-based EOG Resources Inc., one of the Lower 48’s biggest oil and natural gas producers, is looking to give back to shareholders instead of boosting volumes, with discipline still the mantra going into 2022. The independent delivered better-than-expected natural gas, oil and liquids production during 3Q2021, along with sharply higher profits, CEO Ezra Yacob said…

The U.S. natural gas rig count rose two units to 102 for the week ended Friday (Nov. 12) as gains both on land and offshore headlined continued gains in domestic drilling activity for the period, the latest Baker Hughes Co. (BKR) data show. Four oil-directed rigs were also added in the United States for the…

Global oil and natural gas demand is forecast to remain tight in the months ahead, but Devon Energy Corp. is holding the line on its Lower 48 production and instead rewarding shareholders. The Oklahoma City-based independent, whose portfolio is concentrated in some of the richest oil and natural gas basins of the country, plans to…

A unit of Indian conglomerate Reliance Industries Ltd. reported Monday that it has divested all of its unconventional natural gas assets and has exited North America. Earlier this year Reliance pulled out of Appalachia. The latest exit follows Ensign Natural Resources LLC’s buyout of Reliance Eagleford Upstream Holding LP’s working interest in leases and wells…

Houston-based EOG Resources Inc., one of the Lower 48’s biggest oil and natural gas producers, is looking to give back to shareholders instead of boosting volumes, with discipline still the mantra going into 2022. The independent delivered better-than-expected natural gas, oil and liquids production during 3Q2021, along with sharply higher profits, CEO Ezra Yacob said…

Global oil and natural gas demand is forecast to remain tight in the months ahead, but Devon Energy Corp. is holding the line on production, instead looking to reward shareholders. The Oklahoma City-based independent, whose portfolio is concentrated in some of the richest oil and natural gas basins of the country, plans to maintain production…

Chesapeake Energy Corp. plans to direct 85% of its capital spending in 2022 to the “highest return opportunities” in the Eagle Ford, Haynesville and Marcellus shales, as it bears down on sharply reducing methane intensity across the board. CEO Nick Dell’Osso, who took the helm of the Oklahoma City-based independent last month, led a conference…

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.…

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…