Tag: Eagle Ford Basin

EOG Resources says enhanced oil recovery critical to Texas shale production

EOG Resources says enhanced oil recovery critical to Texas shale production

EOG says it has a $15-$20/b cost advantage over the rest of industry, which needs “sustained $60-$65 oil price EOG Resources says it has confirmed success of its internally-developed enhanced oil recover process in the Eagle Ford and Permian shale basins following more than three years of testing in four successful pilot projects with 15 producing wells. These […]

American oil producers’ love-hate relationship with new technology

American oil producers’ love-hate relationship with new technology

American oil engineers are a hard sell for new technology, but innovation always seems to find a way into oil patch Will American oil companies be able to innovate their way to lower production costs? Maybe, according to the experts I interviewed, but their engineering corporate culture both helps and hinders the process. Oil and gas […]

By February 28, 2016 2 Comments Read More →
Shale 2.0 – Permian Basin takes aim at Saudi production costs

Shale 2.0 – Permian Basin takes aim at Saudi production costs

Permian Basin already has shale fields that are profitable under $20/b, how much lower can costs go with Big Data/analytics? It’s an oil price war and American shale producers are bringing out the big guns, according to supporters of the Shale 2.0 model. And that is good news for the Permian Basin, the most prolific shale […]

By February 26, 2016 1 Comments Read More →
DRM’s exceptional pipe delivery service saves time, money for oil and gas operators

DRM’s exceptional pipe delivery service saves time, money for oil and gas operators

Oil and gas companies are cutting costs wherever possible. The DRM commitment to service saves money when it counts When the rig is on the well, time is money. Hustling out to the lease with a last minute pipe order can mean the difference between finishing today or keeping the rig over until tomorrow. That […]

By November 25, 2015 5 Comments Read More →
Sanchez Energy enhances liquidity with $345 million midstream asset sale

Sanchez Energy enhances liquidity with $345 million midstream asset sale

  Sanchez Energy says lifting costs were $7.78/BOE for first half of 2015, lower than guidance range of $9 – $10/BOE Sanchez Energy Corp. is selling pipelines, gathering and compression assets in the Eagle Ford for $345 million, one more sign of hard times in the Texas oil patch. Houston-based Sanchez Energy Corp. announced earlier this week […]

By October 1, 2015 0 Comments Read More →
Shale update: Bakken, Eagle Ford production up slightly in July

Shale update: Bakken, Eagle Ford production up slightly in July

From July 2014 to July 2015 total U.S. crude oil production has increased by about 550,000 b/d, mostly from shale basins Oil production from key shale formations in North Dakota and Texas increased slightly in July from June, according to Bentek Energy. Oil production from the Eagle Ford Basin in Texas remained relatively strong in July, up 10,000 barrels per day (b/d), ), but less than 1 per cent, from June, the latest analysis showed. […]

Pioneer Natural Resources sticks with plan to increase Permian drilling

Pioneer Natural Resources sticks with plan to increase Permian drilling

Internal rates of return are still excellent despite low oil prices, says Pioneer Natural Resources Pioneer Natural Resources isn’t backing down from its plan to significantly increase drilling in the Permian Basin, despite a drop in the price of oil by 20 per cent in recent weeks. “[I]nternal rates of return are most important in […]

Goodrich Petroleum sells Eagle Ford assets, retains acreage for future

Goodrich Petroleum sells Eagle Ford assets, retains acreage for future

Goodrich Petroleum intends to pay down debt, drive down drilling and operating costs even further – president Goodrich Petroleum is selling acreage in the Eagle Ford Shale for $118 million, but keeping some of the undeveloped leasehold for future development or sale, the company announced Monday. “The monetization of our proved reserves and associated acreage from our drilling efforts […]

EOG Resources will frack in Texas if oil hits $65 a barrel

EOG Resources will frack in Texas if oil hits $65 a barrel

EOG Resources says it is positioning itself to be competitive in a “low-price environment” EOG Resources Inc, one of America’s biggest shale producers, says it will frack wells in South Texas Eagle Ford if oil prices stabilize around $65 per barrel. EOG Resources Inc., considered a leader in the U.S. shale oil industry, reported a better-than-expected […]

Oil by rail: DOE report says shale oil not culprit in derailment explosions

Oil by rail: DOE report says shale oil not culprit in derailment explosions

American Petroleum Institute calls on Federal Govt to do more to prevent oil by rail accidents A new report commissioned by the US Department of Energy debunks the idea that shale crude oil is more likely to explode or catch fire during a train derailment. In the last five years, the movement of crude by rail […]