Post Tagged with: "Eagle Ford"

New Crude Oil Export Project Moves Forward in Corpus Christi

New Crude Oil Export Project Moves Forward in Corpus Christi

Lone Star Ports and Martin Midstream Partners will create exclusive VLCC export solution on Harbor Island
EPIC crude oil pipeline will connect Harbor Island to more than 1 MMBOPD
A week ago, the funding to dredge the Corpus Christi ship

New Permian and Eagle Ford Takeaway: DCP Midstream Expansion of Sand Hills NGL Pipeline Now in Service

New Permian and Eagle Ford Takeaway: DCP Midstream Expansion of Sand Hills NGL Pipeline Now in Service

DCP Midstream’s Latest Expansion of Sand Hills Natural Gas Liquids Pipeline Now in Service

December 4, 2018 - 10:30 am Closing Bell Story‎, Midstream, Press Releases
Drilling Down: Equinor Prepares to Tackle new Eagle Ford Shale Projects

Drilling Down: Equinor Prepares to Tackle new Eagle Ford Shale Projects

From Houston Chronicle

 

Norwegian oil giant Equinor will soon be returning to the Eagle Ford Shale of South Texas for a new round of drilling.

The exploration and production company has filed for its first new drilling permits in …

November 30, 2018 - 1:00 pm Closing Bell Story‎, Energy News, Industry Insights
EP Energy Q3: Reducing Leverage with Record Wells

EP Energy Q3: Reducing Leverage with Record Wells

EP Energy Corporation (ticker: EPE) reported its Q3 results and held its earning call yesterday.

Improvements with completions and new Eagle Ford & Permian Assets

EP has renamed its position in the Uinta Basin to Northeastern Utah or NEU.  In

November 9, 2018 - 5:57 pm Closing Bell Story‎, Finance
EOG on a Roll: 9500 Locations, 40 Rigs, 20 Frac Spreads, 720 Planned Completions for 2018

EOG on a Roll: 9500 Locations, 40 Rigs, 20 Frac Spreads, 720 Planned Completions for 2018

EOG Resources (ticker: EOG) reported its Q3 results Thursday, and held its earning call today.

Highlights from the Q3 Results include:

  • Raised 2018 Capex Guidance Range to $5.8-$6.0 billion.
  • Third quarter 2018 net income of $1.2 billion, or $2.05 per
Schlumberger CEO Sees Temporary U.S. Frac Slowdown

Schlumberger CEO Sees Temporary U.S. Frac Slowdown

Schlumberger CEO Kibsgaard says several key customers said they will lay down all their frac fleets from middle November until middle January
No slowdown in international
Houston-based oilfield services giant Schlumberger (ticker: SLB) reported its Q3 results Friday and CEO

WildHorse Bolts on 20,000 Acres

WildHorse Bolts on 20,000 Acres

Eagle Ford footprint approaches 430,000 acres

WildHorse Resource Development Corporation (ticker: WRD), an independent oil and natural gas company based in Houston TX, announced yesterday it closed on two separate purchase and sale agreements.

The combined total acreage is 20,305 …

WildHorse Resource Development Reports Strong Q2 Margins As Eagle Ford Pure Play

WildHorse Resource Development Reports Strong Q2 Margins As Eagle Ford Pure Play

WildHorse is Presenting Tuesday, August 21st at the EnerCom Conference

WildHorse Resource Development Corporation (NYSE: WRD) reported on operating and financial results for the three months ended June 30, 2018.

Some of the operational highlights from its second quarter …

Heard on the Call: SM Energy Building Permian Momentum with Merlin-Maximus

Heard on the Call: SM Energy Building Permian Momentum with Merlin-Maximus

SM Energy Recently held its Q2 Earnings Call. Selected excerpts from the call are below.

Q: As we look at CapEx coming down a little bit in the fourth quarter and a large pad looking to start up sometime during …

Courtesy of Chesapeake

Chesapeake: PRB is the New Growth Engine

Chesapeake Energy Corporation (NYSE:CHK) reported financial and operational results for the 2018 second quarter.

Highlights

  • Net loss available to common stockholders of $40 million, or $(0.04) per diluted share
  • Adjusted net income attributable to Chesapeake of $139 million, or $0.15
USGS Now Estimates 8.5 Billion Barrels of Oil, 66 Tcf of NatGas in the Eagle Ford

USGS Now Estimates 8.5 Billion Barrels of Oil, 66 Tcf of NatGas in the Eagle Ford

Also 1.9 billion barrels of natural gas liquids 

The United States Geological Survey has released a new assessment upping its estimate of the volumes of hydrocarbons in the Eagle Ford Group of Texas. The USGS said the formation contains an …

First Reserve to Sell Eagle Ford Acreage to Venado Oil & Gas

First Reserve to Sell Eagle Ford Acreage to Venado Oil & Gas

Private equity firm First Reserve is selling approximately 23,000 net Eagle Ford acres held by Texas American Resources to an affiliate of Venado Oil & Gas LLC.

Texas American Resources Company has focused on operating and exploiting multiple formations including …

June 4, 2018 - 7:50 pm Closing Bell Story‎, Energy News
CEO Says It’s Getting Tough for Smaller Drillers

CEO Says It’s Getting Tough for Smaller Drillers

From the San Antonio Express-News

Pipeline bottlenecks in the Permian Basin are hurting prices for cash-strapped producers

Bob Watson said his company is in the process of selling its Eagle Ford land, which totals more than 14,000 acres, according to …

Lonestar Resources Hits 10 MBOEPD in April, Increases Full Year Guidance

Lonestar Resources Hits 10 MBOEPD in April, Increases Full Year Guidance

Texas-based E&P Lonestar Resources US Inc. (ticker: LONE) reported a net loss attributable to its common stockholders of $18.5 million, or ($0.75) per share in Q1 2018. The company produced 7,777 BOEPD on average in the quarter.

CEO Frank D. …

SM Energy Expects to Produce up to 44.9 Million BOE in 2018

SM Energy Expects to Produce up to 44.9 Million BOE in 2018

100% year-over-year growth in Midland Basin production; realized price is SM’s highest level in 14 quarters: $37.76/BOE average

Midland Basin operations up to nine rigs and five completions crews; SM expects to double completions in Q2

The Midland Basin produced …

What’s Worth More to the State of Texas—Land or Oil?

SM Energy Divestment of $792 Million Non-Core Assets Will Drive 30% Debt Reduction

Out of the Williston

Midland- and Eagle Ford-focused SM Energy Company (ticker: SM) sold its remaining assets in the Williston Basin and third-party operated assets in Upton County, Texas. The combined sale generated $292.3 million, but the buyers have not …

Closed and Closed: WildHorse, WPX Divest Assets

Closed and Closed: WildHorse, WPX Divest Assets

WPX Energy (ticker: WPX) has closed the San Juan Basin oil play sale to Enduring Resources IV, LLC for $700 million. A significant portion of the proceeds are slated for debt reduction, WPX said, and the company now believes it …

Contango Sells Eagle Ford Assets

Contango Sells Eagle Ford Assets

Contango Announces Sale of Certain Non-Core Assets

Venado and KKR Add Another Cog for $765 Million

Venado and KKR Add Another Cog for $765 Million

Venado Oil and Gas, LLC and KKR will acquire the operated and non-operated Eagle Ford assets of Cabot Oil & Gas Corporation (ticker: COG) for a purchase price of $765 million.

Venado and KKR acquired interests which include approximately 303 …

Penn Virginia: 2017 Slickwater Completions Bode Well for 2018

Penn Virginia: 2017 Slickwater Completions Bode Well for 2018

Penn Virginia Corporation (ticker: PVAC) announced its financial and operational results for Q4 2017 and full year 2017.

Operational Highlights

  • The two-well Geo Hunter pad had a 30-day initial production (“IP”) rate of 3,767 BOEPD and a previously announced 24-hour
EP Energy: Completed 71 Permian, 43 EF Wells in 2017

EP Energy: Completed 71 Permian, 43 EF Wells in 2017

‘A couple of engineers are significantly less expensive than a poorly completed well – EP’s Russell Parker’

On February 28, 2018 Ep Energy Corporation (ticker: EPE) announced fourth quarter and year-end 2017 financial and operational results.

Key highlights

  • New leadership
Pioneer Natural Resources on a Permian Tear: 224 Wells Drilled in 2017, 20 Rigs Operating in 2018

Pioneer Natural Resources on a Permian Tear: 224 Wells Drilled in 2017, 20 Rigs Operating in 2018

250-275 gross wells expected to be on production in the Permian Basin in 2018

$2.6 billion 2018 Permian-focused CapEx

Pioneer Natural Resources (ticker: PXD) placed 64 horizontal wells on production in the fourth quarter of 2017. In the Permian, 43 …

SilverBow Resources Releases 2018 CapEx and Guidance

SilverBow Resources Releases 2018 CapEx and Guidance

SilverBow Resources, Inc. (ticker: SBOW) recently announced its 2018 capital program of $245-$265 million. For 2018, SilverBow said that total company production is projected to average 175-195 MMcfe/d, an increase of approximately 25-40% from 2017 levels. This projection has been …

2018 A&D Begins with Penn Virginia

2018 A&D Begins with Penn Virginia

Penn Virginia (ticker: PVAC) kicked off a new year of oil & gas A&D transactions today, buying acreage in the Eagle Ford.

Penn Virginia will acquire assets in Gonzales and Lavaca counties from Hunt Oil Company for $86 million in …

EP Energy is Buyer of Carrizo Assets, Divests Altamont Acreage

EP Energy is Buyer of Carrizo Assets, Divests Altamont Acreage

On December 12, Carrizo Oil & Gas, Inc. (ticker: CRZO) announced that it would sell a portion of its Eagle Ford acreage to an undisclosed buyer. Today, EP Energy Corporation (ticker: EPE) disclosed that it was the buyer, acquiring certain …

Carrizo Divests a Portion of Eagle Ford Acreage

Carrizo Divests a Portion of Eagle Ford Acreage

Carrizo Oil & Gas, Inc. (ticker: CRZO) announced today that it entered into an agreement to divest a portion of its assets in the Eagle Ford shale for $245 million in cash.

The divested assets include approximately 24,500 net acres, …

Marathon Oil Corporation (MRO) Increases Q3 Production

Marathon Oil Corporation (MRO) Increases Q3 Production

All four basins are competing very strongly. That’s a great problem to have – Tillman

Q3 highlights

  • Total production excluding Libya averaged 371,000 net BOEPD, up 6% sequentially and above top end of guidance; 23,000 net BOEPD from Libya
  • U.S.
Carrizo Oil & Gas Discusses Operations After Harvey, Updates Hedging

Carrizo Oil & Gas Discusses Operations After Harvey, Updates Hedging

Eagle Ford and Permian producer Carrizo Oil & Gas, Inc. (ticker: CRZO) reiterated that its operations in the Eagle Ford shale sustained no damage as a result of Hurricane Harvey, and drilling and completion operations returned to normal within a …

Penn Virginia Closes $205 Million Acquisition with Devon, Increases Borrowing Base

Penn Virginia Closes $205 Million Acquisition with Devon, Increases Borrowing Base

Penn Virginia Eagle Ford acquisition puts drill bit on contiguous acreage for extended reach laterals

Penn Virginia Corporation (ticker: PVAC) closed its previously announced acquisition of Eagle Ford assets located primarily in Lavaca County, Texas on September 29, 2017. Penn …

Eagle Ford Developer WildHorse Scores 28% Higher Production, Brings in 2,387 BOEPD Austin Chalk Well

Eagle Ford Developer WildHorse Scores 28% Higher Production, Brings in 2,387 BOEPD Austin Chalk Well

41 Gen 3 wells on line in the Eagle Ford

In its Q2, 2017 earnings call WildHorse Resource Development (ticker: WRD) reported second quarter production of approximately 22,600 BOEPD—which was 28% higher than its average production in Q1, 2017. It …