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Tag Archives: eagle ford

Rig count continues to swell

baker hughes rig count

The Baker Hughes rig count Friday showed another significant increase in exploration for oil and gas. The rig count went from 712 to 729, an increase of 17. Of those rigs, 583 are exploring for oil and 145 are exploring for gas. All the additions this week were looking for oil. Alaska, Arkansas, Colorado and Wyoming each added one rig. ...

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ConocoPhillips adds to rigs to the Eagle Ford

Eagle Ford news, rig count, oil

ConocoPhillips, a leading independent oil exploration and production company, plans to add two drilling rigs to its Eagle Ford operations as it pivots investment away from deepwater projects toward onshore shale fields, company executives said Thursday. The announcement came during the Houston-based company’s third-quarter earnings call. The rig count, the number of active drilling rigs, in the Eagle Ford peaked ...

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Top 5 stories of the week July 23 – 30

Marcellus Top 5

It’s warm. It’s humid. The northern plains and the Midwest have had their fair share of storms the past couple of weeks. But it hasn’t stopped the energy news from rolling in. While it’s been fairly quite on the home front, politicians and policy makers have made headlines. With Donald Trump and Hillary Clinton wrestling to see who comes out ...

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Eagle Ford shale to benefit from $3.6B pipeline projects

Eagle Ford, pipeline, natural gas, Mexico

Eagle Ford shale producers are benefiting from Mexico’s need for more electricity. Mexico’s state-owned Federal Electricity Commission recently awarded $3.6 billion in pipeline projects to TransCanada, Spectra Energy and others. The projects will transport shale gas from Texas to Mexico to help meet the country’s growing electricity needs. For decades, Mexico’s electric power infrastructure has been hampered by inefficiency and ...

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Top Eagle Ford news stories: May 27 – June 3

Eagle Ford news

Review the top Eagle Ford news stories, all in one place. Headlines this past week included details on the highest-paid CEOs in each state, OPEC’s inability to show resolve, and a new way to study energy production. 5. The highest-paid CEOs by state Here are the top-paid CEOs by state for 2015, as calculated by The Associated Press and Equilar, ...

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NARO and ShaleCast announce alliance to educate shale owners

NARO and ShaleCast announce alliance to educate shale owners

April 20, 2016 (Chicago, Illinois) – The National Association of Royalty Owners (NARO) and ShaleCast.com today announced an alliance to assist landowners participating in the shale revolution. “We believe this platform can be a game changer for the millions of royalty owners generated by the shale boom,” said Jerry Simmons, executive director of NARO.  Simmons added, “For nearly 40 years, NARO ...

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Chevron announces more Houston job cuts

Chevron announces more Houston job cuts

Chevron plans to cut 655 Houston jobs as part of a payroll decrease across its upstream business. The California-based company confirmed the layoffs Thursday. Chevron previously stated it would cut its workforce by 4,000 this year. In 2015, The oil major reduced its workforce by 3,000. The total estimated cuts made up about 10 percent of the company’s workforce at ...

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Top 5 Eagle Ford stories of the week

Top 5, Eagle Ford, Texas

Take a look back at the week’s top stories from Eagle Ford Texas. 5. Texas jobless at 4.4 percent for February, down 0.1 percent AUSTIN, Texas (AP) — Texas’ unemployment rate in February fell to 4.4 percent, down one-tenth of a percentage point from the previous month, showing job growth in seven of the 11 major industries monitored by the ...

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Top 5 Eagle Ford stories of the week

Top 5, Eagle Ford, Texas

Here’s a quick look at this week’s Top 5 stories from Eagle Ford Texas. Headlines ranged from oil production to a major business deal in Port Arthur, Texas. 5. Major oil producers to talk output freeze in Qatar in April DUBAI, United Arab Emirates (AP) — OPEC member states and other major oil producers plan to meet next month to ...

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Top 5 Eagle Ford stories of the week

Top 5 Eagle Ford stories of the week

In this week’s headlines, the U.S. rig count fell to an all-time low and energy officials said oil prices have already bottomed out. Review the top stories from Eagle Ford Texas below. 5. US rig count drops 4 this week to all-time low of 476 HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. ...

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