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Keyword: eagleford

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  • 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 ^ | 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 ^ | 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 ^ | 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 ^ | 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 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...
  • When will the Shale Bubble Burst?

    11/01/2013 7:03:46 AM PDT · by thackney · 48 replies ^ | 31 October 2013 | Tom Whipple
    Most of us are aware by now that the introduction of widespread hydraulic fracturing into the oil and gas business has resulted in a rapid growth in U.S. production. U.S. crude output is up by nearly 2.5 million barrels a day (b/d) since mid-2007 and natural gas production is up by 25 percent. The key question of course is how long production will continue to grow before it inevitably declines. Optimists maintain that we have just scratched the surface of our shale oil reserves and that production will continue increasing for years, if not decades. Realists are not so sure,...
  • Red Queen effect can make production slow down in a hurry

    10/30/2013 8:04:51 AM PDT · by thackney · 28 replies
    Fuel Fix ^ | October 30, 2013 | Jennifer Hiller
    In the early days of the Eagle Ford Shale, one of Petrohawk’s wells in McMullen County came in big. It was the fall of 2009 and about a year after the company had announced its first successful well in neighboring La Salle County, setting off a mineral-leasing frenzy that swept across South Texas like a vast dust devil. Petrohawk’s McMullen County well had initial production of 1.39 million cubic feet of gas per month. By October 2010, the Petrohawk well was making 24 million cubic feet of gas per month. This year, the same well is making around 8.9 million...
  • Eagle Ford Shale Beats Bakken to 1M Bpd Milestone - EIA

    10/24/2013 4:22:15 AM PDT · by thackney · 40 replies
    Reuters via Rig Zone ^ | October 23, 2013 | Sabina Zawadzki|
    In the U.S. shale oil race, the Eagle Ford formation in Texas has beaten North Dakota's Bakken to the 1 million barrel per day milestone, according to a U.S. Energy Information Administration report on Tuesday. The new monthly report, which is the first national effort to lay out comparable monthly figures and projections from six major shale plays, highlighted the stunning speed with which the Eagle Ford region has overtaken the Bakken region that first showed how hydraulic fracturing and horizontal drilling technology could revolutionize the oil industry. Total production from Eagle Ford hit 1 million bpd in August and...
  • Texas on track to be among world’s largest oil producers

    10/08/2013 5:18:11 AM PDT · by thackney · 23 replies
    Fuel Fix ^ | October 7, 2013 | Zain Shauk
    Drilling and production in Texas continues to rise, putting the state on track to be among the world’s largest producers of oil by the end of the decade, a Texas regulator told a Houston audience Monday. Texas Railroad Commission Chairman Barry Smitherman said that drilling permit applications are approaching their highest level in nearly 30 years at the same time as oil production continues to rise. “This year we are likely to issue more drilling permits for oil than we have since 1985,” Smitherman said at an event hosted by the Locke Lord law firm downtown. The three-member Railroad Commission...
  • Texas oil and gas activity sets index record

    10/03/2013 8:18:41 AM PDT · by thackney · 4 replies
    Fuel Fix ^ | October 3, 2013 | Vicki Vaughan
    The state’s oil and gas industry continued to strengthen in August, according to an index of key activity. “The Texas Petro Index continued its march into record territory in August,” said economist Karr Ingham, who developed the index. Strong crude oil prices and improving natural gas prices helped boost the index to 289.8, a record level that beat the old record, set in July, of 288.2. The latter number was revised upward from 287.7 because of ongoing revisions for the state’s oil production. Ingham prepares the monthly index for the Texas Alliance of Energy Producers, an industry association. He began...
  • A US Energy Revolution in Shale Oil and Gas

    09/23/2013 8:43:38 PM PDT · by ckilmer · 8 replies
    countingpips ^ | September 16th, 2013
    In Texas these days, there’s a feeling of absolute and unwavering confidence in the concept of an US energy revolution. From the depths of reserves to the richness of the energy, an incredible transformation is taking place. We’ve been talking about the significant impact of the US’s oil production for a while now, but the buzz about shale oil and gas is only getting louder. At Morgan Stanley’s energy forum in Houston in August, Director of Research John Derrick and Portfolio Manager Evan Smith said shale was the prevailing topic. One area that’s driving this game-changing trend is located only...
  • Permian Basin oil production outstrips the Eagle Ford

    09/23/2013 8:33:03 PM PDT · by ckilmer · 7 replies
    bizjournals ^ | Sep 19, 2013, 6:00am CDT
    Permian Basin oil production outstrips the Eagle Ford The Permian Basin is out-producing the Eagle Ford Shale in terms of crude oil production. The Permian Basin is out-producing the Eagle Ford Shale in terms of crude oil production. The Eagle Ford may be at the top of San Antonians’ minds when it comes to oil and gas activity, but crude production in West Texas is now outpacing the shale to our south. From January to June, West Texas’ Permian Basin pumped out 889,808 barrels per day (bpd) of oil, passing up the Eagle Ford’s 598,706 bpd output, according to Texas...
  • Eagle Ford, Permian Basin on Track to Surpass 2 MMbopd in 2013

    09/23/2013 8:27:48 PM PDT · by ckilmer · 31 replies
    Rigzone ^ | Thursday, September 19, 2013 | Gene Lockard
    Eagle Ford, Permian Basin on Target to Surpass 2 MMbopd in 2013 Texas oil production from just two fields, the Eagle Ford shale and the Permian Basin, is likely to total well over 2 million barrels of oil per day (MMbopd) this year, if recent output trends continue, and could approach 2.5 MMbopd sometime in 2014, according to analysts. The Eagle Ford has been front and center in energy news, and has stolen some of the limelight from the Permian Basin. However, horizontal drilling and hydraulic fracturing have rejuvenated production in the Permian Basin in recent years, and many of...
  • Eagle Ford oil expected to surpass 1 million barrels per day next year

    09/23/2013 8:07:10 PM PDT · by ckilmer · 2 replies
    fuelfix ^ | September 19, 2013 at 9:55 am | Jennifer Hiller
    SAN ANTONIO, Texas — Eagle Ford Shale oil production is expected to reach 1 million barrels per day next summer — and keep growing as operators add tens of thousands of more wells to the giant South Texas field. “This is a huge oil producer,” said Subash Chandra, a managing director and at the investment banking firm Jefferies & Co. He spoke Wednesday to more than 4,000 people attending Hart Energy’s third annual DUG Eagle Ford Conference at the Convention Center. More than 11,100 wells have been permitted in the Eagle Ford since 2008, but the research firm DrillingInfo estimates...
  • Drilling beyond the Eagle Ford Shale

    09/23/2013 7:58:17 PM PDT · by ckilmer · 10 replies
    fuelfix ^ | September 22, 2013 at 6:45 am | Jennifer Hiller
    Drilling beyond the Eagle Ford Shale Southwest Research Institute is running training field trips where geologists from oil and gas companies look at places where the Eagle Ford is exposed at the surface. This photo shows a road cut exposure along U.S. Highway 90 west of Del Rio, where the formation is known as the Boquillas. The contrast of colors in the rock is a result of variable weathering patterns.(Southwest Research Institute) The Eagle Ford Shale is more than just the Eagle Ford. Operators in South Texas are drilling into other rock formations, taking horizontal turns — and in some...
  • Drilling beyond the Eagle Ford Shale

    09/23/2013 8:42:06 AM PDT · by thackney · 12 replies
    Fuel Fix ^ | September 22, 2013 | Jennifer Hiller
    The Eagle Ford Shale is more than just the Eagle Ford. Operators in South Texas are drilling into other rock formations, taking horizontal turns — and in some cases getting big results. While the Eagle Ford appears to be the mother lode — the largest and most prolific South Texas formation — several other rock layers sitting above or below it also are producing oil or gas. Jeff Seiler, managing director of the banking firm Scotia Waterous, has tracked Texas drilling permits and found hundreds of cases of companies targeting other South Texas formations, especially the Olmos Sandstone, Austin Chalk,...
  • South Texas earthquakes likely triggered by shale boom, researchers say

    08/27/2013 5:40:51 AM PDT · by thackney · 24 replies
    Fuel Fix ^ | August 27, 2013 | Jennifer Hiller
    Earthquakes in the Eagle Ford Shale region — including a 2011 quake felt in San Antonio — are likely being triggered by increased oil extraction, according to a new research paper from the University of Texas at Austin. A two-year survey of seismic activity links small quakes in South Texas largely to the upswing in the production of oil and brackish water that flows up alongside hydrocarbons. However, researchers concluded the quakes were not related to hydraulic fracturing, the process of pumping water, sand and chemicals at high pressure to crack open dense shale rock. Nor do disposal wells, where...
  • Temporary power companies growing in Eagle Ford

    08/11/2013 5:43:10 AM PDT · by thackney · 16 replies
    Fuel Fix ^ | August 11, 2013 | Jennifer Hiller
    Oil and gas companies in remote locations require power — and a lot of it — long before the electric grid can reach them. Now companies that provide temporary power are in growth mode across South Texas as the region’s infrastructure catches up to the industrial demands of the Eagle Ford Shale drilling boom. Among the companies adding locations is Scotland-based Aggreko, a global company with operations in Texas, including Houston. It recently opened a service center and maintenance yard in Three Rivers to serve the Eagle Ford with generators and equipment such as chillers, cooling towers and refinery-grade heat...
  • Texas Oil And Gas Numbers Fly Off The Charts

    08/08/2013 6:46:38 PM PDT · by thackney · 26 replies
    Forbes ^ | 8/07/2013 | David Blackmon
    The growing scale of the oil and natural gas boom in Texas continues to stun most observers. We have discussed this phenomenon periodically (see prior pieces here and here) , but the newest developments are so off the charts that an update is warranted. We’ve pointed out a couple of times that Texas’s oil production represents roughly 30% of the total US output, an amazing statistic, especially considering that the percentage was below 15% just a few years ago. In May, that statistic became even more amazing, as Texas accounted for 34.5% of total US oil production, thanks to continued...
  • Ingham: Moderate, Steady Growth for Texas Energy

    07/30/2013 12:12:30 PM PDT · by thackney · 1 replies
    Fuel Fix ^ | July 30, 2013 | Gene Lockard
    The health of the crude oil and natural gas industry seems to be under-appreciated, economist Karr Ingham told a roomful of Texas producers and energy industry journalists in a July 29 presentation given by the Texas Alliance of Energy Producers. The energy industry in Texas is growing at a modest but stable pace, and more people than ever before are employed in the state’s energy industry, Ingham, the creator of the Texas Petro Index (TPI), said at the Houston Petroleum Club presentation. According to TPI statistics, the number of Texans who are employed by oil and gas companies is nearly...