Eagle Ford ///

Texas Alliance working with DOE to solve key energy issues

Craig Fleming, World Oil

The Texas Alliance of Energy Producers held a virtual meeting on May 20 to provide its members, and invited guests, an update on problem issues that the association is working to solve.

Texas issues 50% fewer drilling permits in April 2020 versus one year ago

The Railroad Commission of Texas issued a total of 456 original drilling permits in April 2020 compared to 909 in April 2019.

World Oil survey: Texas E&P professionals favor prorationing by wide margin

Staff, World Oil

Railroad Commission of Texas (RRC) Chairman Wayne Christian’s sudden April 29 declaration against prorationing appears to run counter to what a majority of Texas E&P professionals would like the agency to do on May 5, according to results of a new World Oil survey.

Oilfield service companies feeling the strain of shale’s collapse

No one is feeling the pain of an oil collapse more than the shale producers. Except, perhaps, their suppliers.

Marathon’s ‘frac holidays’ in Q2 will cut 2020 CAPEX spend

Marathon Oil is reducing its capital spending this year to about half of 2019 levels, joining a parade of shale drillers doing the same with oil prices trading at depressed levels as demand suffers due to coronavirus.

Texas RRC Chairman Wayne Christian: We must stabilize worldwide oil markets

In an exclusive World Oil guest editorial, Wayne Christian, Chairman, Railroad Commission of Texas says time is of the essence to identify and implement a solution to global oil market turmoil.

Shale plays, oil patch see tens of thousands of layoffs across the industry

One of the most painful busts in the history of crude oil happened just six years ago, when a sharp price drop cost 200,000 industry professionals, almost half the entire workforce, their jobs.

Trump highlights benefits of shale to U.S. economy and the environment

The Trump administration showed support for energy innovation in the United States this week, issuing a report that directly outlines how U.S. shale production is positively impacting both the economy and the environment.

U.S. exported more oil than Saudi Arabia in June

The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more.

Indianola Energy upstream strategy earns $100 million equity commitment

The company announced a $100 million equity commitment to pursue a new upstream strategy, designed to provide both capital and an execution team to help producers accelerate value on undeveloped acreage in highly-proven resource plays across North America.

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.

Strong long-term outlook for Texas oil highlighted by Commissioner Craddick

Railroad Commissioner Christi Craddick pointed to the positive impact Texas and U.S. oil producers will see as open crude oil markets increase demand for lighter, sweeter U.S. shale oil in keynote remarks at the North American Prospect Expo’s (NAPE) Global Business Conference in Houston earlier this week.