EIA: Eagle Ford production will slow in April
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.
View ArticleShale boom to start busting as U.S. output set to fall
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.
View ArticleNoble Energy to buy Rosetta Resources for $2.1 billion
Noble Energy will buy Rosetta Resources in a $2.1 billion deal that gives Noble a footprint in the Eagle Ford and Permian Basin, two of the largest shale plays in the United States.
View ArticleRaymond James: Natural gas production is slowing, but another boom could be...
After adding as much as 5.4 billion cubic feet per day in new production in 2014, the U.S.'s natural gas haul leveled off at about 73-75 billion cubic feet per day in early 2015, according to Raymond...
View ArticleChinese investment company to buy Texas oil fields for $1.3B
In a disclosure to the Shanghai Stock Exchange, Yantai Xinchao Industry Co. said the oil fields in Howard and Borden counties would be bought from Tall City Exploration and Plymouth Petroleum, two...
View ArticleCommentary: Global oversupply is persistent in global oil, LNG markets
Seven score and twelve years after Abraham Lincoln delivered the Gettysburg Address, and the crude complex is examining its own principles: those of supply and demand. Given the current lack of...
View ArticleEagle Ford Shale counties top Texas production for October
Communities in the Eagle Ford Shale topped the state’s list of the biggest crude oil, condensate and natural gas producers in October, according to preliminary data released this week by the Texas...
View ArticleOil rig count plummets to start 2016
West Texas' seemingly resilient Permian Basin led the way with the loss of eight rigs, while southern Texas' Eagle Ford shale dipped by five rigs, according to weekly data released by oil field...
View ArticleTexas leads the way in another rig count decline
South Texas' Eagle Ford shale saw four more rigs go dark this week, while West Texas' Permian Basin lost another three rigs, according to according to weekly data released by oil field services firm...
View ArticleKeane Group buys Trican’s U.S. business for $250 million
A relatively small and quiet oil field services company, Keane Group is more than doubling its size through the deal with the goal of additional future acquisitions, said Keane CEO and Chairman James...
View ArticleEagle Ford, Bakken shale production on the decline
Output from the Eagle Ford has been falling since March 2015.
View ArticleMarket Currents: Seven reasons for a crude oil sell-off today
Two hundred and twenty-two years after John Stone patented the pile driver, and the oil market is trying to dodge getting hammered today. After yesterday’s EIA-inspired hullabaloo, oil is looking...
View ArticleOil at $50: Time to drill, baby, drill?
Oil closed above $50 a barrel in New York for the first time in 10 months and U.S. production has fallen to the lowest in almost two years. Time to drill, baby, drill? Investors are getting excited....
View ArticlePermian pipeline firms get time to catch up as production slows
Oil production levels have fallen this year, even in West Texas’ fertile Permian Basin. But the slowdown has given pipeline operators there the chance to catch up after years of overwhelming oil...
View ArticleWant a good investment? Try sand
Sand is a big issue in horizontal drilling. And analysts are predicting it’s soon going to be a bigger one. Drillers shoot millions of gallons of water into horizontal wells to fracture the rock and...
View ArticleEOG acquires Yates, expands Permian holdings
The Houston energy exploration and production company EOG Resources said Tuesday that it would buy Yates Petroleum to expand its holdings in the Permian and Powder River basins. The deal is valued at...
View ArticleApache: Permian discovery holds 3 billion barrels of oil
Apache Corp. says it made a “significant” discovery in a Texas shale formation that holds enough crude oil to supply every refinery on the U.S. Gulf Coast for a year. The Alpine High discovery in West...
View ArticleTop Permian producer says rig count there is about to soar
The biggest player in the Permian Basin, America’s most coveted oil field, thinks rig counts in region are poised for explosive growth. In an interview with Bloomberg, Pioneer Natural Resources Co....
View ArticleCrestwood to build, operate $180M Permian natural gas system
By Mike D. Smith Houston-based Crestwood Equity Partners will build, own and operate a $180 million natural gas gathering system in Texas’ Permian Basin. As part of Crestwood’s deal with SWEPI, a...
View ArticleOasis Petroleum launches stock sale to finance acquistion
Oasis Petroleum Inc. is banking on the proceeds from millions of shares of common stock to fund part of its planned acquisition of another company’s Bakken Shale assets. The Houston-based exploration...
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