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Keyword: eagleford

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  • Wood Mackenzie: Bakken, Eagle Ford Not Past Prime

    05/20/2015 4:41:46 AM PDT · by thackney · 4 replies
    Rig Zone ^ | May 19, 2015 | Karen Boman
    Bakken production will keep growing, albeit at a slower pace, and the Eagle Ford still has running room within high-return portions of the play, according to a recent analysis by Wood Mackenzie. The Bakken and Eagle Ford together produce just over 2.5 million barrels per day of oil, or nearly two-thirds of U.S. tight oil production. Higher oil prices in the 2013 to 2014 timeframe spurred operators to drill not only in the core of the Williston Basin, but in the fringe and speculative areas. This included areas along the Montana-North Dakota border, the northern most part of the play...
  • EIA: U.S. shale production set to fall again in June

    05/12/2015 10:04:36 AM PDT · by thackney · 6 replies
    Fuel Fix ^ | May 12, 2015 | Collin Eaton
    U.S. shale production growth will fall 86,000 barrels per day next month, the U.S. Energy Information Administration estimated in its monthly report, more evidence the nation’s oil boom is in decline. The EIA’s monthly forecast is the second in a row to project an overall decline in domestic production growth, as diminishing output from older shale wells outpaces new gushers in the oil fields. Producers have sidelined about 941 oil-drilling rigs since October, and oil traders are starting to see signs the U.S. shale boom is weakening, which could signal the global glut in crude supplies will ease. Crude prices...
  • Shale oil output at Bakken and Eagle Ford starts a descent

    05/12/2015 4:37:48 AM PDT · by thackney · 31 replies
    Market Watch ^ | May 11, 2015 | Myra P. Saefong
    Oil production from the Bakken and Eagle Ford shale plays look like they’ve peaked and other shale plays may not be far behind. Oil production from seven major U.S. shale plays is expected to fall by a total of 86,000 barrels a day in June, according to a monthly report from the Energy Information Administration released Monday. The previous report released a month ago also showed a forecast for a fall of 57,000 barrels a day in May. Oil output at the Eagle Ford shale play in South Texas is forecast to see the biggest decline, down 47,000 barrels a...
  • Costs are dropping in the Eagle Ford, producer says {includes breakdown of costs}

    05/11/2015 5:29:18 AM PDT · by thackney · 23 replies
    Fuel Fix ^ | May 8, 2015 | Jennifer Hiller
    When Houston’s Swift Energy Co. reported first-quarter results Thursday, it offered a glimpse at the level of cost-cutting oil and gas companies are making in the Eagle Ford Shale. “We are seeing cost concessions in some cases greater than we originally budgeted,” said Terry Swift, president and CEO, said in a call with analysts. Swift’s average drilling cost this year is $2.6 million per well, down from $3.2 million last year. And its most recent Eagle Ford well was drilled for $2.2 million. Its lease operating costs dropped 16 percent from the previous quarter. Swift on Thursday reported its first-quarter...
  • Shale boom to start busting as U.S. output set to fall

    04/14/2015 5:33:27 AM PDT · by thackney · 37 replies
    Fuel Fix ^ | April 13, 2015 | Collin Eaton
    The shale oil bonanza that made millionaires from Texas to North Dakota is slowing down for the first time in years, a sign that painful industry cutbacks are starting to have an impact. The nation’s oil production is set to slip this month by 57,000 barrels a day as natural declines in older shale wells outpace gains from newly drilled wells, the U.S. Energy Information Administration said in its monthly drilling report on Monday. More than 70,000 barrels of oil a day are expected to be lost from April to May in North Dakota’s Bakken Shale, South Texas’ Eagle Ford...
  • IHS: 1,400 wells drilled but not completed in Eagle Ford Shale

    04/13/2015 5:12:21 AM PDT · by thackney · 18 replies
    Fuel Fix ^ | April 13, 2015 | Jennifer Hiller
    There are nearly 1,400 wells in the Eagle Ford Shale that have been drilled but not completed, according to new analysis from the firm IHS. Oil prices are hovering around $50 per barrel, down by half since last summer. And some Eagle Ford oil producers have been drilling but not fracking wells. The delay in completing wells avoids sending new barrels of oil into a cheap market. For a small handful of operators, IHS reports that the drilled-but-not-completed wells will give them a big advantage over competitors. Nearly 40 percent of those 1,400 delayed wells have a break-even costs below...
  • HOW MANY SHALE OIL PLAYS MAKE MONEY AT $37 PER BARREL?

    03/24/2015 5:56:02 PM PDT · by Lorianne · 35 replies
    Burning Platform ^ | 18 March 2015
    I’m tossing you a softball. Now think carefully. The choices are: A. Zero B. Zero C. Zero D. Zero I know Americans are math challenged and need a calculator to subtract 10 from 20, but I think even a CNBC bimbo or Princeton economic professor could get this one right. Last year there was much banter from the Wall Street shysters and Bakkan shale oil experts about the true breakeven price for shale oil not being $80 (which is the truth) but actually being as low as $58 a barrel. They were spreading this lie in order to keep idiot...
  • Falling rig counts drive projected near-term oil production decline in 3 key U.S. regions

    03/17/2015 9:56:07 AM PDT · by thackney · 5 replies
    Energy Information Administration ^ | MARCH 17, 2015 | Energy Information Administration
    EIA's most recent Drilling Productivity Report (DPR) indicates a change in the crude oil production growth patterns in three key oil producing regions: the Eagle Ford, Niobrara, and Bakken. The DPR estimates, which were issued on March 9 and cover the months of March and April, include the first projected declines in crude oil production in these regions since publication of the DPR began in October 2013. However, with production gains continuing in other regions, particularly the Permian, overall crude oil production in regions tracked by the DPR rose slightly in March to 5.6 million barrels per day. Total production...
  • EIA: Eagle Ford production will slow in April

    03/10/2015 1:56:44 PM PDT · by thackney · 7 replies
    Fuel Fix ^ | March 10, 2015 | Joshua Cain
    The U.S. shale boom may finally be slowing down, according to projections from the U.S. Energy Information Administration. Oil production from the six largest shale plays in the U.S. will hit 5.6 million barrels per day in April, an increase of less than 300 barrels per day over March, the EIA said in its monthly drilling productivity report on Monday. The increase would be the smallest since February 2011. If the EIA’s projection holds, April’s production would be a drastic decrease from a record-breaking surge in 2014; in 10 of the last 16 months, U.S. oil production gained at least...
  • Baker Hughes: US Oil Drillers Cut Rigs For 4th Straight Week

    01/06/2015 4:21:52 AM PST · by thackney · 13 replies
    Reuters via Rig Zone ^ | January 05, 2015 | Scott DiSavino
    The number of rigs drilling for oil in the United States fell by 17 this week, as energy companies facing lower crude prices reduced the rig count for the fourth straight week, data from oil services firm Baker Hughes showed on Monday. The oil rig count dropped to 1,482 in the week to Jan. 2, its lowest level since March, the data showed. The number of oil rigs has declined in nine of the last 12 weeks since hitting a record high of 1,609 in mid-October. The number of rigs remains up more than 100 from the same time last...
  • In the Permian Basin and Eagle Ford Shale, Crude's Boom is the Overriding Theme

    12/29/2014 6:31:05 PM PST · by Rodamala · 12 replies
    Progressive Railroading ^ | December 2014 | Jeff Stagl
    What are the most active crude oil-producing regions in the United States? The Permian Basin and Eagle Ford Shale, according to the U.S. Energy Information Administration's rig counts. Among more than 1,500 oil rigs in operation around the nation as of early November, more than 560 were in the Permian Basin and more than 200 were in the Eagle Ford Shale. By comparison, about 190 rigs were operating in the Bakken Shale. And at third quarter's end, the Permian Basin and Eagle Ford Shale housed 7,787 and 3,541 wells, respectively, while 2,062 wells were located in the Williston Basin, which...
  • Goodrich pares spending plans, considers selling Eagle Ford assets

    12/11/2014 5:06:13 AM PST · by thackney · 2 replies
    Fuel Fix ^ | December 10, 2014 | Rhiannon Meyers
    In the latest sign that falling oil prices are pinching shale producers, Goodrich Petroleum Corp. announced Wednesday that it will dramatically trim its budget next year and consider selling off its Eagle Ford assets. The Houston-based exploration and production company is among the smaller publicly traded drillers in the Eagle Ford, operating about 30,000 net acres in the South Texas play, according to third quarter data compiled by Bloomberg Intelligence. In the first half of next year, Goodrich will explore “strategic alternatives” for all or a portion of its Eagle Ford acreage to give the company greater flexibility to expand...
  • EIA: US production to increase 115K barrels in January

    12/09/2014 10:46:31 AM PST · by thackney · 12 replies
    Fuel Fix ^ | December 9, 2014 | Joshua Cain
    U.S. crude oil production will rise 115,000 barrels of oil per day in January, according to Energy Information Administration data released Monday. Next month’s total will be nearly 2,000 bpd more than December’s rise. Drilling efficiencies in the Bakken, Eagle Ford and Permian Basin shale plays account for most of the production increase. EIA data showed that rigs in these plays will get about 50 bpd more than they did last month, good for a total increase of 103,000 bpd. The Permian Basin is still the largest U.S. shale play, increasing to 1.87 million bpd. The Eagle Fored is second...
  • Eagle Ford produces billionth barrel

    12/04/2014 9:32:56 AM PST · by thackney · 8 replies
    Fuel Fix ^ | December 4, 2014 | Ryan Holeywell
    The Eagle Ford shale formation produced its billionth barrel some time last month, analysts at research firm Wood Mackenzie said Thursday. That production figure includes crude oil and condensate, and more than 70 percent of that production has occurred in the last two years, according to the firm. The milestone comes at a time when many in the industry have discussed plans to pull back on U.S. shale production, as plummeting crude oil prices is prompting a new period of financial restraint for some producers. Ratings agency Moody’s, for example, said last month it expects exploration and production companies to...
  • Saudi’s Dangerous Gambit

    11/29/2014 8:41:39 AM PST · by Kaslin · 54 replies
    Townhall.com ^ | November 29, 2014 | Charles Payne
    The biggest news for the United States stock market and American consumers happened on Thanksgiving in a far off desert kingdom. Saudi Arabia has taken the big gambit of not cutting production which means downward pressure on oil will continue, and that means less revenue for them. Why would a nation that gets 90% of their revenue from oil allow the price to plunge? I’ve said it several times, but I’m more convinced this is their (last) chance to crush, or at least derail/stall, America’s fracking miracle.It’s a war without bullets, but make no mistake, it's also about no prisoners....
  • Oil prices are dropping but the fracking revolution rolls on

    11/02/2014 1:03:00 PM PST · by Jack Hydrazine · 19 replies
    Yahoo! Finance ^ | 31OCT2014 | Shawna Ohm
    $75 dollars a barrel – that’s the price crude oil would have to hit for frackers in North Dakota’s Bakken fields to feel pressure to slow new production, according to Greg Zuckerman, author of “The Frackers” and a special reporter at the Wall Street Journal. “All these guys have hedged. They’ve got production [and] they’ve already got the acreage. They’re not gonna stop but maybe they’ll kind of slow new stuff.” Fracking in other parts of the country, though, is likely to be much more resilient. In Texas’s Eagle Ford and Permian basin, Zuckerman says oil prices would have to...
  • Halliburton, Baker Hughes buy more sand, railcars as demand piles up

    10/22/2014 6:45:32 AM PDT · by Rodamala · 1 replies
    EagleFordTexas.com ^ | October 21, 2014 | Reuters
    As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul.
  • Eagle Ford expected to hit 1.6 million barrels next month

    10/16/2014 11:12:30 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | October 16, 2014 | Jennifer Hiller
    The Eagle Ford Shale is expected to make 1.61 million barrels of oil per day in November, up 42 percent from the year before, according to a new government report. The field is making around 1.58 million barrels of oil daily this month, according to the U.S. Energy Information Administration. The EIA shows production from the Eagle Ford and other major shale fields increasing even as the price of crude oil dips. The Permian Basin remains the nation’s most prolific oil field. It’s expected to make 1.8 million daily barrels of oil in November, up 30 percent from the same...
  • Searching for a possible endangered species in the Eagle Ford Shale

    10/06/2014 10:11:13 AM PDT · by thackney · 14 replies
    San Antonio Express-News ^ | 10/6/2014 | Jennifer Hiller
    Few people have heard of the spot-tailed earless lizard, once common in South Texas. But the rare lizard’s likely habitat includes large swaths of the Eagle Ford Shale, the prolific oil and gas field south of San Antonio. A 2010 petition by an environmental group to list the spot-tailed earless lizard as a federally protected species is hanging in limbo. “Basically the proverbial you-know-what is going to hit the fan if they propose to list it,” said Melinda Taylor, executive director of the Center for Global Energy, International Arbitration and Environmental Law at the University of Texas at Austin School...
  • Eagle Ford, Permian drilling production surges

    10/06/2014 5:09:54 AM PDT · by thackney · 13 replies
    Fuel Fix ^ | October 3, 2014 | Vicki Vaughan
    Spurred by drilling across Texas and led by the Eagle Ford Shale and Permian Basin, crude oil production in Texas rose more than 23 percent in August compared to August 2013, according to the Texas Petro Index. Oil production totaled an estimated 95.56 million barrels in August compared with 77.6 million barrels in August 2013, according to economist Karr Ingham, who developed and maintains the Texas Petro Index. In addition, the 307,700 employees who are estimated to work for drilling and oil-field service companies surpassed 300,000 for the second time since the index was launched in 1995. Employment rose 8.3...
  • Eagle Ford pumps close to 90 billion into ecomony

    09/25/2014 7:00:27 AM PDT · by q_an_a · 8 replies
    Dallas Business Journal ^ | 9.24.14 | James Aldridge
    Oil and natural gas production in Eagle Ford Shale generated an estimated $87 billion in total economic output for Texas and supported nearly 155,000 full-time jobs in 2013. That’s according to a new study released Tuesday by the University of Texas at San Antonio Institute for Economic Development. The shale region, which encompasses a 21-county, and generated more than $4.4 billion in tax revenue to local and state governments in 2013. Based on these updated figures, UTSA projects that the shale region will support more than 196,000 jobs and generate $137 billion in total economic output for Texas by 2013.
  • Meeting Heavy Demand – Industrial Infrastructure in the Eagle Ford Shale

    09/15/2014 5:45:29 AM PDT · by thackney · 3 replies
    Oil Pro ^ | 9/12/2014 | Tim Stinson
    While the economic boom brought on by the Eagle Ford Shale in South Texas has no doubt brought attention and prosperity to the state, it’s brought on its fair share of complications, too. One such complication: industrial infrastructure in the Eagle Ford Shale. To remedy the challenges created by the large influx of oil and natural gas production in the state, numerous regional refineries are being overhauled to meet demand, and billions of dollars in new pipelines are being created as well. New Pipelines Transportation of oil and natural gas from the Eagle Ford Shale to local refineries has been...
  • EIA: Eagle Ford to cross 1.5 million daily barrels in September

    08/14/2014 11:46:48 AM PDT · by thackney · 22 replies
    Fuel Fix ^ | August 14, 2014 | Jennifer Hiller
    The U.S. Energy Information Administration expects that the Eagle Ford Shale will produce 1.51 million barrels of crude oil and other liquids daily in September. It would be a gain of around 31,000 daily barrels over August production for the South Texas field, according to the EIA’s latest Drilling Productivity Report, released this week. The EIA data track the major U.S. shale fields — the Eagle Ford, Permian Basin, Bakken, Marcellus, Haynesville and Niobrara. This month the agency added the Utica region in eastern Ohio, a rapidly growing natural gas field, to its Drilling Productivity Report. Most of the country’s...
  • North Dakota and Texas now provide nearly half of U.S. crude oil production

    07/01/2014 5:17:50 AM PDT · by thackney · 8 replies
    Energy Information Administration ^ | 7/1/2014 | Energy Information Administration
    U.S. crude production in April 2014 was 8.4 million barrels per day (bbl/d), with two states, Texas and North Dakota, accounting for nearly half of this total. Texas production topped 3.0 million bbl/d for the first time since the late 1970s, more than doubling production in the past three years, and North Dakota production broke 1.0 million bbl/d for the first time in history, nearly tripling its production over the same period, according to data from the U.S. Energy Information Administration's Petroleum Supply Monthly report. Combined crude oil production volumes from Texas and North Dakota reached 4.0 million bbl/d. From...
  • Southton Rail Yard is part of Eagle Ford shale boom

    06/16/2014 4:53:49 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | June 16, 2014 | Jennifer Hiller
    At the 300-acre Southton Rail Yard, a truck maneuvers into a silo that holds 5,000 tons of sand for hydraulic fracturing. “Pull up about eight feet,” says Chris Colburn, the assistant yard manager at the rail site near Interstate 37 and Loop 410 in southern Bexar County. “Five, four, three, two, one,” Colburn says, counting down the feet as the truck rolls forward. “That will do, driver.” A chute drops down from the silo, letting sand pour into the truck. Colburn and other workers in an office trailer monitor screens that show everything from video to the climbing weight of...
  • Eagle Ford production likely to double, consultancy predicts

    06/10/2014 8:26:06 AM PDT · by ckilmer · 3 replies
    bizjournals.com ^ | Jun 5, 2014, 11:02am CDT | Sanford Nowlin
    Jun 5, 2014, 11:02am CDT Eagle Ford production likely to double, consultancy predicts   Enlarge Photo Eddie Seal Orion Drilling Co.'s Perseus rig prepares to drill for hydrocarbons in the Eagle Ford Shale. Output from the South Texas formation is likely to reach 2 million barrels per day, according to a new Wood Mackenzie analysis. Photo: Eddie Seal/Bloomberg   Sanford Nowlin Crude oil and condensate output from South Texas’ Eagle Ford Shale is expected to double to 2 million barrels per day by 2020, according to energy consulting firm Wood Mackenzie.That means output from the oil-and-gas formation south of...
  • Increases in U.S. crude oil production come from light, sweet crude from tight formations

    06/09/2014 5:01:34 AM PDT · by thackney
    Energy Information Administration ^ | JUNE 6, 2014 | Energy Information Administration
    U.S. crude oil production has grown rapidly in recent years, primarily from light, sweet crude (a characteristic of crude quality, as measured by API gravity and sulfur content) from tight resource formations. Roughly 96% of the 1.8-million-barrel per day (bbl/d) growth in production from 2011 to 2013 consisted of light sweet grades with API gravity of 40 or above and sulfur content of 0.3% or less. EIA's new forecast of U.S. crude production by quality indicates that the U.S. supply of light, sweet crude will continue to outpace that of medium and heavy crude through 2015. More than 60% of...
  • Posing a question: How do yoga revenues compare with Eagle Ford costs?

    06/05/2014 10:40:27 AM PDT · by thackney · 14 replies
    Fuel Fix ^ | June 5, 2014 | Collin Eaton
    Oil companies will spend more money drilling wells in the Eagle Ford Shale this year than the revenue generated annually by the entire country of Bolivia or the North American yoga business. “I expect to see that in some article,” said Cody Rice, an analyst with Wood Mackenzie, who provided the statistic during the firm’s press briefing in West Houston on Wednesday. That figure – bumped up by $4 billion in recent months to $27 billion – is roughly what it costs to dig more than 3,000 oily holes in the ground every year in South Texas. Wood Mackenzie, a...
  • New projections show oil production soaring as rigs boost efficiency

    05/29/2014 10:02:54 AM PDT · by ckilmer · 3 replies
    fuelfix ^ | May 12, 2014
    New projections show oil production soaring as rigs boost efficiency Posted on May 12, 2014 at 6:48 pm by Simone Sebastian in featured, Production, Shale EmailPrint1263 inShare184 An Enervest rig works in the Barnett Shale. (Enervest) HOUSTON — Oil production will continue to soar in the six major U.S. shale plays, with more barrels pumped per rig, according to federal projections released Monday.Total oil production in the six regions is expected to grow to 4.43 million barrels per day in June, an increase of 75,000 barrels per day compared to May, according to the U.S. Energy Information Administration. The federal...
  • WTI Vs. LLS: A Major Shift In The U.S. Oil Boom

    05/17/2014 1:00:18 PM PDT · by ckilmer · 1 replies
    nasdaq.com ^ | May 16, 2014
    For more than a century, the global oil and natural gas supply picture changed only a decade at a time. In the past half-decade, however, the picture has changed with startling speed. That has been particularly true in America. New technologies opened regional production in areas including North Dakota's Bakken Shale and Texas' Eagle Ford basin.
  • Texas is still the number one oil producer, but how long will the boom last?

    05/16/2014 10:17:30 AM PDT · by thackney · 13 replies
    Oil Pro ^ | 5/15/2014 | Andrew Ward
    Despite impressive strides made in areas like North Dakota and Ohio, and the previous challenges felt in northern regions of the state, Texas is still far and away the leading producer of domestic oil. Earlier this week, the Energy Information Administration released its drilling productivity report, which showcases anticipated production levels in the Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara and Permian regions. Collectively, these combine for 90 percent of the United States' oil production growth. The Eagle Ford Formation, which runs along most of southern Texas, is leading the way. According to the report, Texas is the nation's top oil...
  • Shale riches helping South Texas towns pay for upgrades

    04/28/2014 5:22:32 AM PDT · by thackney · 2 replies
    Fuel Fix ^ | April 24, 2014 | Jennifer Hiller
    South Texas communities seem to have come to the same conclusion: The Eagle Ford is here and they’ll be dealing with it for the long term. Although no one anticipated the oil boom or was able to plan for it, communities have started devoting more money to long-term planning. McMullen County Judge James Teal joked this week at the Eagle Ford Consortium’s annual conference that if he had known the Eagle Ford would have been so big, he would have “probably kept my job in oil and gas.” But given the historic boom-bust cycle in Texas, Teal and other officials...
  • The fracking divide: Mexico’s oil frontier beckons U.S. drillers in wake of new law

    04/21/2014 6:07:43 AM PDT · by thackney · 27 replies
    Washington Post ^ | April 19, 2014 | Nick Miroff
    The geological marvel known to Texas oilmen as the Eagle Ford Shale Play is buried deep underground, but at night you can see its outline from space in a twinkling arc that sweeps south of San Antonio toward the Rio Grande. The light radiates from thousands of surface-level gas flares and drilling rigs. It is the glow of one of the most extravagant oil bonanzas in American history, the result of the drilling technique known as hydraulic fracturing, or fracking. Curving south and west, the lights suddenly go black at Mexico’s border, as if there were nothing on the other...
  • Feds say Eagle Ford and Bakken could lead to end of U.S. oil imports [by 2037]

    04/17/2014 8:32:55 AM PDT · by topher · 20 replies
    San Antonio Business Journal [via Texas Independent Producers and Royalty Org] ^ | Apr 10, 2014, 6:00am CDT | Sanford Nowlin -Reporter- San Antonio Business Journal
    Net oil imports to the United States could plummet to zero by 2037 because of booming production in South Texas’ Eagle Ford Shale and North Dakota’s Bakken Shale, a branch of the Energy Department projected in a new report.
  • NuStar opens new Corpus Christi dock for Eagle Ford crude (photos)

    04/14/2014 5:14:18 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | April 11, 2014 | Jennifer Hiller
    San Antonio-based NuStar Energy LP this week celebrated the opening of its new dock at the Port of Corpus Christi, built to move crude oil from the Eagle Ford Shale. NuStar now has three loading docks in the Port of Corpus Christi and has upgraded and added to the terminal’s pump systems. Its North Beach Terminal has a capacity of 400,000 barrels per day. The new dock was scheduled to be complete in the second quarter but finished early. NuStar moved its first load of crude from the new dock in mid-February. It held a ceremony Thursday with executives, employees...
  • Smitherman: Texas could break oil record by 2020

    03/18/2014 5:21:32 AM PDT · by thackney · 2 replies
    Dallas Morning News ^ | March 7, 2014 | James Osborne
    Texas Railroad Commission Chairman Barry Smitherman said Friday the shale revolution could drive the state’s oil production to record levels before the end of the decade. Oil production in Texas is now close to 2 million barrels a day. And Smitherman, speaking at the IHS CERAweek energy conference in Houston, said the state could be at 3 million barrels by 2017 and 4 million barrels by 2020. In 1972 Texas produced 3.5 million barrels a day, according to Railroad Commission data. “It could easily go to 5 million by 2023,” Smitherman said. “I don’t know where the end is because...
  • Eagle Ford Production to Keep Growing Through 2014

    03/14/2014 5:54:07 AM PDT · by thackney · 1 replies
    Rig Zone ^ | March 12, 2014 | Karen Boman
    Production from the Eagle Ford unconventional oil play in South Texas is expected to keep growing through 2014 and to break the 1.5 million barrel per day (bpd) mark in 2015, an analyst told attendees at the Platts’ North America Crude Conference in Houston Feb. 27-28. Between now and the end of 2018, 4.4 million barrels of crude are expected to be produced in North America, said Suzanne Minter, manager of crude and natural gas analysis with Bentek Energy. In 2013, 1.2 million barrels per day (bpd) of crude production was grown; crude production this year will exceed that number,...
  • Here's Why the Eagle Ford Shale Continues to Get Bigger

    03/11/2014 10:01:58 AM PDT · by ckilmer · 7 replies
    fool.com ^ | March 11, 2014 | Matt DiLallo
    Eagle Ford Shale Continues to Get BiggerBy Matt DiLallo | More Articles | Save For Later March 11, 2014 | Comments (0) Photo credit: Carrizo Oil & Gas,In addition to reporting stellar quarterly results, EOG Resources (NYSE: EOG  ) also reported a 45% surge in the company's resource potential in the Eagle Ford Shale. In the four years since the company discovered the play, it has now boosted the recovery potential of oil and gas from the Eagle Ford Shale by four-fold.Better data on previously drilled wells along with improved completion techniques have contributed to the boost. However, the real reason...
  • New Frontiers: Eagle Ford vs. Permian, the great Texas oil showdown

    02/25/2014 4:48:38 AM PST · by thackney · 9 replies
    Platts ^ | February 24, 2014 | Starr Spencer
    Production in West Texas’ Permian Basin has grown at a moderate clip over the last few years, but how does it stack up to its faster-growing peer resource plays? Two prominent operators in the biggest US unconventional oil plays traded thoughts recently on how it measures up to the giant Eagle Ford field, which has been called the “800-pound gorilla” among shale plays. The prolific Eagle Ford, sited in South Texas, and the Bakken Shale in North Dakota/Montana each produce less than the Permian, but are the bigger plays, Bill Thomas, CEO of EOG Resources, said at the Credit Suisse...
  • Eagle Ford production increasingly targets oil-rich areas

    02/10/2014 5:26:14 AM PST · by thackney · 11 replies
    Energy Information Administration ^ | FEBRUARY 10, 2014 | Energy Information Administration
    Most wells now being drilled for hydrocarbons produce a mixture of oil and natural gas. Relatively high oil prices and low natural gas prices make the oil-rich portions of reservoirs more desirable for production, and therefore increasingly the targets for the drilling of new wells. The mixture of oil and natural gas can be shown for a particular formation by mapping initial gas-to-oil ratios (GORs; the ratio of natural gas that a well produces to oil, expressed as thousand cubic feet per barrel—Mcf/bbl). In the map above, high initial GOR, or gas-rich wells, of the Eagle Ford play in Texas...
  • Eagle Ford crude prompts upgrades at Valero’s Texas refineries

    02/03/2014 12:16:30 PM PST · by thackney · 8 replies
    Oil & Gas Journal ^ | 02/03/2014 | Robert Brelsford
    Valero Energy Corp., the largest US independent refiner-marketer, plans to invest $730 million in upgrading two of its Texas refineries to process increased volumes of light crude sourced from the Eagle Ford shale. The company will spend $390 million at its 160,000-b/d Houston refinery and $340 million at its 325,000-b/d Corpus Christi, Tex., refinery to add crude topping units designed to boost crude oil processing capacities at each of the plants, Valero spokesman Bill Day told OGJ. While the addition of these units will not add to the refineries’ overall output capacities, they will allow the plants to reduce their...
  • The Great American Oil & Gas Boom & the Future of Iran

    01/07/2014 8:43:59 PM PST · by ckilmer · 9 replies
    The Great American Oil & Gas Boom & the Future of Iran No country, No Nation, has ever added oil production capacity – yes ever – like the United States has in the past few years. America has gone from producing 5 Million barrels of oil per day in 2011 to over 7.5 Million barrels this past year; and will soon surpass 10 Million barrels of oil production domestically. It’s an incredible oil boom that will have a profound impact on the lives of ordinary Americans. By the time Obama leaves office, he will have presided over a country that...
  • Eagle Ford job fairs: Get your resumes ready

    01/07/2014 1:37:55 PM PST · by thackney · 4 replies
    Fuel Fix ^ | Jennifer Hiller
    SAN ANTONIO — Nuverra Environmental Solutions is expanding in the Eagle Ford Shale and wants to hire people with a commercial drivers license. It’s holding a job fair from 8 a.m. to 3 p.m. Tuesday at 1499 Hillcrest in San Antonio. The company is looking for people with at least two years of experiece and a tanker endorsement. For information, visit www.USoilworker.com. And mark your calendars: There’s another Eagle Ford job fair and this one’s not just for drivers. Companies looking for diesel mechanics, engineers, technicians, drafters, designers, welders, floorhands, drillers, managers and more will be at a Jan. 21...
  • Shale well depletion raises questions over US oil boom

    12/17/2013 10:17:43 AM PST · by thackney · 74 replies
    Fuel Fix ^ | December 17, 2013 | Collin Eaton
    The stubborn rock that the energy industry breached to unleash a nationwide oil and gas rush remains a worthy foe, as producers must turn their drills ever faster to keep the boom’s lifeblood flowing. Engineers have long known that shale, the source rock that fed North American sandstone reservoirs for millennia, could never muster the natural pressure producers need to extract oil and gas. Its molecules are too tightly packed: Shale is about 1,000 times denser than brick, and so far, only hydraulic fracturing can induce enough artificial permeability to clear a path for the fossil treasure. But that technique...
  • U.S. shale oil trade goes waterborne in 2014, says Freepoint ("logistical bottlenecks")

    11/26/2013 9:11:52 PM PST · by 2ndDivisionVet · 13 replies
    Reuters ^ | November 7, 2013 | Jeanine Prezioso, Editor, North American Power & Gas Forum
    In 2012, it was the oil tanker-truck trade. This year, the oil-by-rail boom inundated the U.S. East and Gulf coasts. In 2014, the shale revolution hits the water, says U.S. commodity merchant Freepoint Commodities. A dramatic slump in U.S. cash crude prices in recent weeks has vividly shown that the unrelenting rise in shale oil production from North Dakota and Texas is rapidly nearing the point of saturation for Gulf Coast refiners, likely forcing more and more cargoes up the East Coast on tankers. The swell of crude emerging from the Bakken in North Dakota, plus the Eagle Ford and...
  • Eagle Ford oil transforming Corpus Christi port (photos at link)

    11/19/2013 5:26:07 AM PST · by thackney · 17 replies
    Fuel Fix ^ | November 18, 2013 | Jennifer Hiller
    ORPUS CHRISTI, Texas — It’s a Monday afternoon at the edge of Texas, but this might as well be the center of the oil field. Although the Port of Corpus Christi moves everything from enormous wind turbine blades to military equipment, the Eagle Ford to its north and the field’s various and sundry products — from steel pipe to sand — seem to touch everything here these days. The drilling boom has launched billions of dollars in port construction projects, as well as a round-the-clock frenzy to move products in and out of the oil patch, and to coastal terminals...
  • Cotulla gets an Eagle Ford airport expansion

    11/14/2013 8:45:16 AM PST · by thackney · 7 replies
    Fuel Fix ^ | November 13, 2013 | Jennifer Hiller
    The city of Cotulla broke ground Wednesday on its airport expansion – a project driven by drilling in the Eagle Ford Shale oil field. The Cotulla-LaSalle County Airport is adding a 6,005-foot runway with a parallel taxiway and more parking. The project should be finished by May. There are also plans for a new privately-funded jet hangar and a new airport terminal building. It already has a 5,005-foot runway. La Salle County and its county seat, Cotulla, have seen some of the most intense development in the Eagle Ford region. In addition to oil and gas wells, and new hotels...
  • New crude pipeline provides more access to Gulf Coast for Eagle Ford

    11/08/2013 5:22:21 AM PST · by thackney · 8 replies
    Fuel Fix ^ | November 7, 2013 | Emily Pickrell
    Energy Transfer Partners and Trafigura Beheer BV announced plans for a new 82-mile crude oil and condensate pipeline from the Eagle Ford to Corpus Christi, the company said Thursday. The two companies signed an agreement for the pipeline, which will extend from McMullen County to the Gulf Coast and will include converting already existing natural gas pipelines owned by Energy Transfer. The pipeline will be able to transport about 100,000 barrels of crude oil and condensate per day and will be operational within 12 months, the companies said. It will provide access for Eagle Ford crude to Trafigura’s deep-water terminal...
  • Marathon Oil sees profits from more efficient U.S. drilling

    11/05/2013 8:22:21 AM PST · by thackney · 2 replies
    Fuel Fix ^ | November 5, 2013 | Collin Eaton
    Marathon Oil aims to keep driving down drilling and completion times in the U.S. plays like the Eagle Ford next year as it squeezes more money out of its assets, the company’s chief executive said in a conference call Tuesday. “We’re making sure we generate the best economics,” in the shale plays and other onshore drilling regions, said Lee Tillman, president and CEO of Marathon Oil, during a call with investors and analysts. “As we look forward to 2014 and begin to look at frac crudes, we still see room there to drive that commercial element down a bit lower...
  • South Texas sees struggles, opportunities amid oil boom

    11/02/2013 5:19:17 AM PDT · by thackney · 12 replies
    Fuel Fix ^ | November 2, 2013 | Jennifer Hiller
    Along a bay front dotted with sailboats and shrimp boats, the movement of crude oil has long been part of the background scenery. Only now, most of the ships sit lower in the water when they leave — heavier and filled with Eagle Ford Shale crude oil bound for other U.S. ports and Canada — than when they arrive at the port. Starting in July for the first time ever, more domestic oil left the Port of Corpus Christi than foreign oil arrived. It’s a startling trend, but just one of several effects of the Eagle Ford boom, which has...