Archive for the ‘Eagle Ford’ Category
EIA: Permian, Eagle Ford to continue bolstering US onshore oil output in June
May 15th, 2017 by Latest News
Crude oil production from the seven major US onshore producing
regions is forecast to rise 122,000 b/d month-over-month in June to
average 5.401 million b/d, according to the US Energy Information
Administration’s latest Drilling Productivity Report. All but 15,000 b/d of the increase is expected to come from the Permian and Eagle Ford.
WildHorse Resource Development Corp. (WRD), Houston, has agreed to acquire 111,000 net acres and associated production from Anadarko Petroleum Corp., The Woodlands, Tex., and affiliates of New York City private equity firm KKR & Co. LP for $625 mil…
BHI: US rig count up double digits for 12th time in 15-week hot streak
April 28th, 2017 by Latest News
The US tally of active drilling rigs increased by 13 to 870 during the week ended Apr. 28, marking the 12th double-digit rise during 15 straight weeks of gains, according to Baker Hughes Inc. data.
Fitch forecasts increasing US rig counts
April 21st, 2017 by Latest News
US exploration and production budgets are expanding for the first
time since 2014, Fitch Ratings said, adding that its analysts expect
higher US rig counts along with increased drilling and completion
spending in 2017 compared with 2016.
PwC reports record-high US oil, gas M&A deal value for first quarter
April 20th, 2017 by Latest News
Mergers and acquisitions in the US oil and gas industry hit a record value for a first quarter, reinvigorated by steadier oil and gas prices, a new pro-energy administration, and technological advances, according to PwC LLP’s latest energy deals report.
EIA: Production from major US onshore oil regions to rise 124,000 b/d in May
April 17th, 2017 by Latest News
The seven major onshore producing regions in the US are expected to collectively increase oil output by 124,000 b/d during May to average 5.193 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report.
BHI: US rig count rises for 13th straight week
April 13th, 2017 by Latest News
The tally of active rigs in the US gained 8 units to 847 during a week
ended Apr. 13 shortened a day by the Good Friday holiday, Baker Hughes Inc. data indicated. Much of the lift was again provided by the Permian—but this time on the New Mexico portion of the basin.
Venado acquiring Eagle Ford properties
April 11th, 2017 by Latest News
Venado Oil & Gas LLC, Austin, has agreed to make its second acquisition in two months of oil and gas properties in the Eagle Ford play of South Texas.