Eagle Ford
News
February 06, 2015
The U.S. rig count has fallen for the ninth week in a row with nearly half of this week’s 87 rig drop being accounted for by rigs seeking oil in the Permian basin.
News
February 06, 2015
Back in October, Jill Potts waved off concerns about falling crude prices, pointing to the long lines of trucks forming outside her oil field supply store in South Texas as evidence that the shale boom was still going strong.
News
January 21, 2015
BHP Billiton, the biggest overseas investor in U.S. shale, will cut the number of its rigs there by about 40% as plunging petroleum prices add to concerns about lower iron ore earnings.
News
January 21, 2015
OPEC isn’t the only victim of the growth in U.S. shale oil.
News
January 09, 2015
HOUSTON -- Baker Hughes has announced that the U.S. onshore well count for the fourth quarter of 2014 was 9,544 wells, relatively unchanged compared to the third quarter of 2014. Compared to the fourth quarter 2013, the well count was up 461 wells or 5%.
News
January 08, 2015
HOUSTON -- Halcon Resources Corp. has announced further reductions to its 2015 drilling and completion budget. In November, the company announced a budget of $750 to $800 million and said that it intended to operate six rigs in 2015, five less than originally planned. However, Halcon has now announced a revised drilling and completions budget of $375 to $425 million and cut even more rigs.
News
January 07, 2015
WASHINGTON (Bloomberg) -- The U.S. exported a record amount of crude oil in November after a five-year run of production growth that has made the country the most oil-independent in 20 years. Shipments surged 34% to average 502,000 bopd in November, the most on record dating back to 1920, data from the U.S. Census Bureau and the Energy Information Administration show. The previous peak was 455,000 in March 1957.
