Archive for the ‘Eagle Ford’ Category

The US Energy Information Administration projects crude oil production from seven major US onshore producing regions to climb 80,000 b/d month-over-month in March to 4.873 million b/d.

Rig deployment in the US continued to pick up steam during the week ended Feb. 3 as Baker Hughes Inc.’s tally of active units recorded its third consecutive weekly double-digit increase.

The US drilling rig count increased by 17 during the week ended Jan. 27 to 712 active units, according to data collected by Baker Hughes Inc.
The overall rise continues to reflect a resurgence in units targeting
crude oil, drilling horizontally, and …

Hawkwood Energy LLC, Denver, has reached a definitive agreement for a
wholly owned subsidiary to acquire oil and gas properties in East Texas
from subsidiaries of Halcon Resources Corp. for $500 million as the seller shifts its focus to the Delaware …

Sanchez Energy Corp., Houston, and funds managed by private equity firm Blackstone Energy Partners LP have entered a 50-50 partnership and agreed to acquire working interest in 318,000 gross operated acres in the western Eagle Ford shale of South Texas…

The US rig count has posted its largest increase since the beginning of the shale oil and gas boom.

Crude oil output from the seven major US onshore producing regions is expected to rise 41,000 b/d month-over-month in February to 4.748 million b/d, according to data from the US Energy Information Administration.

The US drilling rig count dropped by 6 to 659 active units during the week ended Jan. 13, marking its first decrease since Nov. 11, 2016, and largest since the drilling rebound began at the beginning of June, according to Baker Hughes Inc. data.

Sanchez Energy Corp., Houston, and funds managed by private equity firm Blackstone Energy Partners LP have entered a 50-50 partnership and agreed to acquire working interest in 318,000 gross operated acres in the western Eagle Ford shale of South Texas…

The US drilling rig count began the new year with its eighth consecutive weekly rise and 28th increase of the past 32 weeks that comprise the recent drilling rebound.