EOG says Permian Basin assets are responding well to productivity improvements like longer horizontal well laterals Not many American oil producers are competitive at low prices, but EOG Resources has the technical knowhow and execution to pull it off, says energy economist Ed Hirs. EOG announced in its last operational update that “premium inventory” (defined as direct […]
EOG Resources in a class of its own – energy economist Read More »
Marcellus, Utica shale gas plays remained resilient to low prices, projected to drive US production in long term Once global oil prices recover, American oil and natural gas shale basins can look forward to 25 years of declining costs and increasing production, according to the US Energy Information Administration. Based on projections in the EIA’s Annual Energy
American shale oil production rising to 7 million b/d by 2040 – EIA Read More »
Construction will begin in May, system expected to be placed into service in Q4 2016 EVX Midstream Partners, LLC says it has entered into a definitive agreement to build a produced water gathering system in the Eagle Ford oil window. The EVX South Texas gathering system and surrounding facilities will be underpinned by a fee-based, 15-year agreement that includes
EVX Midstream building produced water gathering system in Eagle Ford Read More »
Encana on track to deliver $550 million in year-over-year cost savings During the first quarter, Encana Corp. says its internal analysis and independent third-party research indicates the company is delivering well performance among the top of its peer groups in its core four assets. But Encana also reported a bigger-than-expected quarterly loss, citing low oil and
Encana reduces Eagle Ford, Permian drilling and completion costs up to 44% Read More »
Fund also financed purchase of WPX’s Piceance basin assets by backing Terra Energy Partners earlier this year In a move likely to deploy capital raised for natural gas assets in its new Energy Income Fund, investment firm Kayne Anderson has committed US$106 million and US$250 million in the SCOOP and Eagle Ford plays, respectively, according
Investment fund continues to pump equity into Lower 48 natural gas plays Read More »
“Given fragility of market rebalancing, and financial exhaustion of many US onshore oil producers, safer course now is to start locking in at current prices, even at risk of giving away some upside.” – Kemp By John Kemp LONDON, April 28 (Reuters) – Brent prices for 2017 ended trading above $50 per barrel on Wednesday for the
Opinion: Rising oil prices throw lifeline to American shale producers Read More »
Oil production from wells drilled has so far been able to keep U.S. crude oil production from falling significantly below its level in late 2014 According to the EIA, U.S. crude oil production from the Lower 48 states from new wells (drilled since the start of 2014) made up 48 per cent of total U.S. crude oil production
Low number of rigs working Bakken, Eagle Ford almost guarantees producers dipping into inventory of drilled but uncompleted wells Oil production from key shale formations in North Dakota and Texas dropped slightly in Jan. vs. Dec. and declined significantly from the previous Jan., according to Platts Bentek. Oil production from the Eagle Ford shale basin in Texas was relatively
Shale oil production in Baaken, Eagle Ford sees steady decline Read More »
“It is survival of the fittest: the best and most efficient rigs and crews remain standing on the shale field.” Oil production from key shale formations in North Dakota and Texas dropped slightly in Dec. vs. Nov., according to Platts Bentek. Oil production from the Eagle Ford shale basin in Texas was relatively unchanged in Dec.,
Shale oil production in Bakken, Eagle Ford little changed in Dec. Read More »
IEA forecasts US shale production will decline by 600,000 barrels in 2016, oil sands production growth will slow in four years Canadian oil sands companies need to cut costs and be able to compete with American shale producers when global markets turn around, says an executive with the Canadian Assoc. of Petroleum Producers. Greg Stringham, vice-president of oil
Oil sands need to cut costs, compete with American shale – CAPP Read More »
