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STEER hands out first Eagle Ford awards

award

San Antonio — It wasn’t long ago that South Texas in many ways looked like the Mississippi Delta and Appalachia, some of the poorest regions of the country. “That’s how poor South Texas was,” said Henry Cisneros, the former San Antonio mayor who also served as secretary of the U.S. Housing and Urban Development. Cisneros, who spoke Wednesday at the ...

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Looking for a natural gas market in Texas

texas

San Antonio — Texas is awash in natural gas. Now what? So much natural gas has been discovered in U.S. shale fields that prices have dropped, and now it’s a product in search of a market. The Eagle Ford Shale Task Force, a 24-member group formed in 2011, met Wednesday at the offices of the San Antonio Area Foundation to ...

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Method makes shale waste water recyclable

recycle

Starting in January, Daniel Ertel’s wastewater processing plant in Williamsport will start churning out commodities: Oil. Methanol. Sodium chloride. Eureka Resources, where Mr. Ertel is CEO, will be operating its newly constructed crystallizer and a methanol recovery system at plants in Williamsport and Towanda. They’ll take in oil and gas production water and, after distilling it as they do now, ...

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Mexican Congress passes radical shake-up of oil industry

MEXICO CITY (Reuters) – Mexico’s Congress on Thursday overwhelmingly voted to open up the country’s oil and gas sector to private investment in the biggest overhaul of the industry since it was nationalized in 1938. After a whirlwind final passage through Congress, President Enrique Pena Nieto’s bill will offer companies the chance to operate oil wells, commercialize crude and partner ...

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Abraxas selling some Eagle Ford assets

abraxas

SAN ANTONIO — Abraxas Petroleum Corp. said Monday that it has reached an agreement to sell its interest in a portion of its Eagle Ford Shale acreage in McMullen County to an undisclosed buyer for $73 million. The deal is subject to closing conditions and will have an effective date of Dec. 1, the company said. The assets in the ...

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House GOP unveils fracking plan

Ohio General Assembly

COLUMBUS — Nearly two years after Gov. John Kasich’s more ambitious plan was declared dead on arrival in the Ohio General Assembly, House Republicans have unveiled an industry-backed plan to tax growing shale oil and gas drilling occurring largely in eastern Ohio. But unlike Mr. Kasich’s plan, the new severance tax rate would not translate into a penny-for-penny income-tax cut ...

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House OKs bills to speed oil, gas drilling

speed the drilling

House OKs bills to speed oil, gas drilling on public lands, block federal review of fracking WASHINGTON (AP) — The House approved two bills Wednesday aimed at speeding up drilling for oil and natural gas on public lands. The measures were among three energy bills the House is considering this week as Republicans who control the chamber push to expand ...

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