Home / Tag Archives: eagle ford

Tag Archives: eagle ford

Top 5 stories of the week July 23 – 30

Marcellus Top 5

It’s warm. It’s humid. The northern plains and the Midwest have had their fair share of storms the past couple of weeks. But it hasn’t stopped the energy news from rolling in. While it’s been fairly quite on the home front, politicians and policy makers have made headlines. With Donald Trump and Hillary Clinton wrestling to see who comes out ...

Read More »

Top 5 Eagle Ford Stories of the Week, June 11-17

Transcanada and Spectra Energy are working on pipelines to bring natural gas to Mexico. The pipelines will greatly benefit Texas. Eagle Ford shale to benefit from $3.6B pipeline projects 2. The number of rigs exploring for oil and natural gas in the U.S. rose by six last week to 414, the second consecutive week the count has increased after a slide that ...

Read More »

Eagle Ford, Bakken production continues to drop

Eagle Ford, Bakken production continues to drop

Two of the nation’s most-prolific shale plays continue to see production numbers drop slightly. The Eagle Ford Shale and Bakken formation produced less oil in January than in December, according to analytics and consulting group Platts Bentek. In fact, oil production from both Eagle Ford and Bakken formations reached their lowest levels since Platts Bentek started tracking them in October ...

Read More »

Marathon Oil to focus on Eagle Ford assets

Marathon Oil to focus on Eagle Ford assets

Marathon Oil detailed its diminished drilling strategy on Thursday, with most resources focused on Eagle Ford shale. The Houston-based company announced a 2016 capital program of $1.4 billion dollars, down more than 50 percent from 2015 and more than 75 percent below 2014. Approximately $600 million in capital spending is set aside for Eagle Ford, of which $520 million is ...

Read More »

$30 oil? Texas says bring it on

$30 oil? Texas says bring it on

Some parts of the Eagle Ford and Permian Basin are profitable with oil below $30 a barrel, according to analysis by Bloomberg Intelligence. Wells in DeWitt County can be profitable with benchmark crude at a price as low as $22.52, which is $4 below its lowest price this year. Crude oil settled at $26.55 on Jan. 20, its weakest price ...

Read More »

Gas, oil rigs down as Texas takes hit

Texas down 10 in weekly rig count

The number of active rigs searching for oil and gas in the United States dropped down 14 from last week for a total of 650 rigs. Texas saw the steepest decline, as seven rigs shut down, according to oilfield service company Baker Hughes. Just one oil rig shut down as crude oil prices continue to slump. The total number of ...

Read More »

Goodrich Petroleum among recent energy companies delisted from New York Stock Exchange

Goodrich Petroleum among recent energy companies delisted from New York Stock Exchange

Goodrich Petroleum Corp., a Houston-based oil and gas producer, is the latest victim of low oil prices. The price of WTI slipped below $30 yesterday, and an impending rebound doesn’t seem likely. The company noted in a press release Goodrich it was removed from the New York Stock Exchange for “abnormally low price levels,” closing at only 16 cents on ...

Read More »

Oil field affects major sectors of Crossroads economy

For better or for worse, many sectors of the Crossroads’ economy are married to the oil fields. From 2013 to 2014, the Victoria metropolitan area grew significantly in overall gross domestic product, despite some dips in a few key industries, according to numbers from the Bureau of Economic Analysis. The GDP, or value of goods and services produced, is used ...

Read More »

Two events for one future: Texas energy leaders to share strategy at Eagle Ford conferences

Even the Eagle Ford—which is bursting at the seams with oil— isn’t immune to the effects of the current low-price environment. Now more than ever, companies operating in the region need access to the latest intelligence coming from the field. Next month, thousands of energy industry professionals will converge in San Antonio for two world-class industry conferences. Hart Energy— an ...

Read More »

Top Oil and Gas Producers, Financial Experts to Share Cost-Cutting Strategy at 2015 DUG Eagle Ford Conference

Houston, Texas (September 1, 2015) – As the world’s most active shale play, the Eagle Ford is expected to lead the way during the next phase of business cycle. More than 4,000 industry professionals will explore the path forward at Hart Energy’s DUG Eagle Ford conference and exhibition. The 6th annual event is set for October 25-27 at the Henry ...

Read More »