Eagle Ford Newswire

Eagle Ford Newswire

Comprehensive Real-Time News Feed for Eagle Ford, TX.

Results 1 - 20 of 44 for "u:worldoil.com" in Eagle Ford, TX

  1. Most DUCs are within the Permian, Eagle Ford, Bakken and Niobrara: RystadRead the original story

    Friday May 20 | World Oil

    Operators have accumulated about 3,900 drilled but uncompleted horizontal oil wells across the U.S. shale , with more than 90% of these located within the major liquids plays, according to the latest analysis by Rystad Energy.

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  2. Hawkwood Energy East Texas acquires assets in East TexasRead the original story

    Thursday May 19 | World Oil

    Hawkwood Energy's wholly owned subsidiary Hawkwood Energy East Texas, an independent primarily focused in East Texas, has acquired producing and non-producing assets primarily in Leon and Madison counties in Texas. Terms of the transaction were not disclosed.

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  3. EnerVest acquires $1.3 billion in Eagle Ford assetsRead the original story

    Tuesday May 17 | World Oil

    EnerVest has announced new acquisitions in the Eagle Ford shale . Since September 2015, the company has acquired $1.3 billion of assets from three entities in a concentrated part of Karnes County, Texas.

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  4. Murphy Oil Corp. closes Kaybob Duvernay and Placid Montney JVRead the original story

    Monday May 16 | World Oil

    Murphy Oil Corporation has announced that its Canadian subsidiary, Murphy Oil Company Ltd. , closed the joint venture with affiliates of Athabasca Oil Corporation that was previously announced on January 27, 2016. Under the terms of the JV, Murphy's subsidiary acquired a 70% operated working interest of Athabasca's production , acreage, infrastructure and facilities in the Kaybob Duvernay lands, and a 30% non-operated WI of Athabasca's production , acreage, infrastructure and facilities in the liquids rich Placid Montney lands in Alberta .

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  5. Newfield may sell Eagle Ford assets said to be worth $500 millionRead the original story

    Thursday May 12 | World Oil

    Newfield Exploration Co. has hired two investment banks to find buyers for its acreage in Texas's Eagle Ford basin and other oil plays as it seeks to focus on Oklahoma's Anadarko region.

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  6. ShaleTech: Permian ShalesRead the original story w/Photo

    Friday May 6 | World Oil

    Four rigs are at work on the D.L. Hutt development in Pioneer's Wolfcamp/Spraberry Midland leasehold. Image: Sands Weems, Pioneer Natural Resources.

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  7. First oilRead the original story w/Photo

    Friday May 6 | World Oil

    Your humble editor's contention, that the global E&P industry is finding a bottom to the oil price decline, may be gaining some traction, based on a recent conference. Last month, The International Research Center for Energy and Economic Development hosted its "Forty-Third International Energy Conference."

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  8. Oil's recovery inches higher as fraclog awaits price triggerRead the original story

    Apr 26, 2016 | World Oil

    Oil's rebound from the lowest level in more than 12 years may face an abrupt halt as prices near a level that could trigger a wave of new U.S. shale production . Futures in New York have advanced more than 60% since the February low and closed at $43.73/bbl Friday, the highest in five months, nearing a $45-level IG Ltd. says makes some shale plays profitable.

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  9. Goodrich Petroleum files for Chapter 11 for restructuringRead the original story

    Apr 15, 2016 | World Oil

    Goodrich Petroleum Corp. filed for Chapter 11 in a U.S. bankruptcy court to implement a financial reorganization after struggling to restructure its debt amid declining energy prices. "Through the Chapter 11 restructuring, the company will eliminate approximately $400 million in debt from its balance sheet, substantially de-leverage its capital structure and strategically position the company for long-term performance in an anticipated improving commodity price environment," Houston-based Goodrich said in a statement on Friday.

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  10. Sanjel sells pressure pumping assets to Liberty, STEPRead the original story

    Apr 5, 2016 | World Oil

    CALGARY, Alberta -- Sanjel Corporation is selling two separate North American pressure pumping providers, the company said Monday. Sanjel has signed a definitive agreement for the sale of its Canadian fracturing , coiled tubing and cementing assets to STEP Energy Services Ltd., an ARC Financial Corp. sponsored company.

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  11. Encana posts quarterly loss, cuts spending plan amid oil slumpRead the original story

    Feb 24, 2016 | World Oil

    CALGARY, Alberta -- Encana Corp. reported its fourth straight quarterly loss, cut its annual spending forecast and lowered the dividend amid tumbling oil and natural-gas prices. The net loss was $612 million in the fourth quarter, compared with net income of $198 million a year earlier, the Calgary -based company said Wednesday in a statement.

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  12. As budgets collapse, U.S. drilling may shrink to a 17-year lowRead the original story w/Photo

    Feb 18, 2016 | World Oil

    Who knew? After the rapid decline in crude oil prices from mid-2014, most analysts expected 2015 to be a year of recovery, when prices would creep back toward $70/bbl. Who knew? After the rapid decline in crude oil prices from mid-2014, most analysts expected 2015 to be a year of recovery, when prices would creep back toward $70/bbl.

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  13. / February 2016Read the original story

    Feb 18, 2016 | World Oil

    Looking at the spending plans of roughly 300 E&P companies worldwide, and factoring in recent oil price declines, North American spending may fall 40-50% in 2016. Capital expenditures, internationally, are set to post a second, consecutive 15% decline.

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  14. North America's unconventional natural gas resource base continues to expand: IHSRead the original story

    Feb 18, 2016 | World Oil

    North America's natural gas resource base is more abundant and lower cost than ever, according to a new assessment by IHS. The findings show a considerable growth of the low-cost segment of the resource base since 2010.

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  15. Marathon Oil cuts capital budget more than 50%Read the original story

    Feb 18, 2016 | World Oil

    Marathon Oil has set this year's capital program at $1.4 billion, which is more than 50% below last year and more than 75% below 2014. The Houston-based company is allocating $1.15 billion to activity in North America, with the majority focused on the company's three U.S. resource plays.

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  16. Noble Energy cuts capital budget in half for 2016Read the original story

    Feb 17, 2016 | World Oil

    Noble Energy has set this year's capital budget at $1.5 billion, which is about 50% lower than last year. According to Noble, two thirds of the budget will be used for the development of unconventional resources in the U.S. While the remainder has been allocated for offshore development and exploration, with $250 million set aside for the Gulf of Mexico.

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  17. Texas toughness in oil patch shows why U.S. still strong at $30Read the original story

    Feb 4, 2016 | World Oil

    A handful of shale patches in the state, which would be the world's sixth-largest oil producer if it were a country, are profitable with crude below $30/bbl, according to an analysis by Bloomberg Intelligence. In the Eagle Ford's DeWitt County, which produced more than 100,000 bpd in November, the average well can be profitable with U.S. benchmark crude at $22.52/bbl, $4 below the lowest level this year.

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  18. Cabot Oil & Gas cuts 2016 preliminary budget in halfRead the original story

    Feb 2, 2016 | World Oil

    Cabot Oil & Gas Corp. has cut its 2016 capital budget to $325 million, a 47% reduction from the company's $615-million preliminary budget for the year. rilling, completion and facilities capital will account for approximately 92% of the new budget, with about 70% allocated to the Marcellus and about 30% to the Eagle Ford.

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  19. Texas shale drillers lure $2 billion in new equity to PermianRead the original story

    Feb 2, 2016 | World Oil

    Oil producers in West Texas, defying expectations they would fall victim to OPEC's price war, are instead selling investors on the idea that they can still profit with prices below $35/bbl. Drillers in the Permian basin, the biggest U.S. shale field, have raised at least $2 billion from share sales over the past eight weeks.

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  20. C&J Energy Services opens new Texas facility to support regional pumping, acid servicesRead the original story w/Photo

    Jan 20, 2016 | World Oil

    A ribbon-cutting ceremony was held recently to mark the grand opening of the new C&J Energy Services Casedhole Solutions facility in Giddings, Texas. The ceremony was attended by business leaders, state and local officials, C&J executives and community members.

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