Sale ends Murphy’s 20-year Malaysian history By Richard Rostad, analyst, Oil & Gas 360 Murphy Oil (ticker: MUR) announced a major divestiture today, selling the company’s Malaysian assets to focus on its Eagle Ford development. Murphy will sell its entire Malaysian portfolio, consisting of three offshore fields in the eastern portion of the country. These assets produced 48 MBOEPD in
Nuevo Midstream Dos, LLC Agrees to Purchase Republic Midstream, LLC
Enterprise Products Partners’ SPOT crude oil export project, offshore Texas, officially kicks off permitting phase, targets 2020 for exports By Bevo Beaven, Editor, Oil & Gas 360 The United States Maritime Administration (MARAD) and the United States Coast Guard (USCG) announced on Monday that the agencies received an application from SPOT Terminal Services LLC (SPOT) for federal authorizations required for
New basins claim growing share of CapEx By Richard Rostad, analyst, Oil & Gas 360 EOG Resources (ticker: EOG) announced fourth quarter results and reserves today, showing $893 million in net income, or $1.54 per share. EOG produced 764.5 MBOEPD in Q4, 430.3 MBOPD of which was crude oil from the U.S. This exceeds the high end of the company’s
Record Well in Lavaca County – Eagle Ford
Sundance Energy Provides January 2019 Operational Update
From Bloomberg Drillers in the Eagle Ford, Texas’s other shale oil patch, will likely scale back activity in 2019 as lower crude prices eat into cash flows, according to consulting firm Rystad Energy AS. Production has already started slowing, with supplies this month expected to average less than 1.3 million barrels a day for the first time since May. If West
Baytex Announces 2019 Budget
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 channel was given the thumbs up by the U.S. Army Corps of Engineers. Now, the Port of Corpus Christi Authority
DCP Midstream’s Latest Expansion of Sand Hills Natural Gas Liquids Pipeline Now in Service
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 more than six months, seeking permission from the Railroad Commission of Texas to develop three horizontal wells on its South
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 the third quarter of 2018, the company produced 17.5 MBoe/d, including 12.0 MBbls/d of oil, a four percent decrease from the third
