Eagle Ford ///

What's new in production

Don Francis, Contributing Editor

Hits and misses

Emerge Energy Services, Chesapeake sign sand supply agreement

Emerge Energy Services LP has announced that its subsidiary Superior Silica Sands LLC has signed a new agreement with Chesapeake Energy Corporation covering frac sand supplied from Superior's San Antonio mine in South Texas.

U.S. Eagle Ford oil growth to stall in 2019 amid weak prices

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.

Conoco sees U.S. shale growth at 25% in 2019, even as oil slides

ConocoPhillips, the world’s largest independent oil producer, sees shale production growing 25% next year even as crude prices tumble, proving the industry’s resilience in volatile markets, said CEO Ryan Lance.

Chesapeake adds to southeast Texas holdings with $3.9-billion buy

Chesapeake Energy’s acquisition of WildHorse Resource Development for about $3.977 billion will add operations in the Eagle Ford shale and Austin Chalk formations of southeast Texas.

Denbury to acquire Penn Virginia in $1.7 billion transaction

Denbury Resources Inc. and Penn Virginia Corporation have announced that they have entered into a definitive merger agreement pursuant to which Denbury will acquire Penn Virginia in a transaction valued at approximately $1.7 billion, including the assumption of debt.

Laredo Energy VI weighs sale worth up to $300 million

Laredo Energy VI LP, a private-equity backed natural gas explorer in the Eagle Ford Shale of south Texas, is exploring a sale that could value the company at as much as $300 million, according to people familiar with the matter.

NOV opens new service center for customers in the Eagle Ford

National Oilwell Varco (NOV) has announced the opening of a new service center in Pleasanton, Texas. The new center, which is the ninth Quality Tubing facility of its kind, is strategically located to service coiled tubing customers in the Eagle Ford shale play.

Penn Virginia to begin auction process in September

Penn Virginia Corp. has reached out to potential buyers including Hilcorp Energy Co. and WildHorse Resource Development Corp. ahead of a sale process slated to start next month, according to people familiar with the matter.

‘Bridge to Nowhere’ leaves pent-up Permian gas problems unsolved

A major Mexican pipeline opened this week after almost two years of delays. That’s the good news for drillers across the border who are seeking an expanded market for natural gas siphoned from the pent-up Permian basin.

Payback time, as LLS pricing lifts netbacks

Jim Redden, Contributing Editor

The Eagle Ford is enjoying a comeuppance, of sorts. Once left to pick up Permian basin leftovers, the unconventional elder has emerged as a veritable hedge against the bottleneck-induced price differentials of its high-flying neighbor to the immediate west.

Sumitomo Corporation invests in Texas oil production

Sumitomo Corporation's Representative Director, President and CEO, Masayuki Hyodo, is pleased to announce that subsidiary company, Summit Discovery Resources II LLC has reached an agreement with IOG Gonzales 1835 LLC, an entity managed by IOG Capital, LP, Covington Equity Investments LLC and 1836 Resources, LLC to acquire certain producing Eagle Ford properties in South Texas.

USGS estimates 8.5 Bbbl of oil in Texas’ Eagle Ford Group

The Eagle Ford Group of Texas contains estimated means of 8.5 Bbbl of oil, 66 Tcf of natural gas, and 1.9 Bbbl of natural gas liquids, according to a new assessment by the U.S. Geological Survey. This estimate consists of undiscovered, technically recoverable resources in continuous accumulations.

Boosting the power of Big Data for completions

Piyush Pankaj, Samir Menasria, Abhishek Sharma, Priyavrat Shuklaj, Tobias Judd, Schlumberger; Steve Geetan, Richard MacDonald, EP Energy Corporation

Predictive proxy model uses data analytics, reservoir characterization to streamline completion optimization

Drilling Advances

Jim Redden, Contributing Editor

The ascension of dual-activity rig floors, which enable different operations to be conducted simultaneously in parallel, is credited with helping reduce offshore well delivery time.

U.S. oil debt eases as drillers target next shale play

U.S. oil and gas producers expect their borrowing ability to increase over the next few months, leaving them open to invest in new shale assets, particularly the Eagle Ford in Texas.

Pioneer sells Eagle Ford acreage for $102 million

Pioneer Natural Resources Company has announced that it has signed a purchase and sale agreement with Sundance Energy, Inc. to sell approximately 10,200 net acres in the western portion of Pioneer’s Eagle Ford shale acreage position for $102 million, subject to normal closing adjustments.

Water Management

Mark Patton, Hydrozonix

Recycling produced water cuts disposal costs

Saudis seek to tap shale basin rivaling Texas' Eagle Ford

Saudi Aramco, the world’s largest oil exporter, is set to join the shale revolution with plans to start producing unconventional natural gas this month and exploit a deposit that could rival the Eagle Ford formation in Texas.

NAPE ‘18: Texas Railroad Commissioner Ryan Sitton forecasts strong U.S. supply growth to meet demand

As murmurs of peak oil demand pervade the oil and gas industry, Texas Railroad Commissioner Ryan Sitton sees a different trend—rising production from the U.S. to meet inflating demand from non-OECD countries like China and India.