Anadarko Petroleum Eagle Ford Shale Operations & Drilling Update

Posted on July 28, 2011 by mineralrights

Anadarko Petroleum (APC) released its second quarter earnings results and provided an operations update in the Eagle Ford Shale. The company met and exceeding earnings expectations, while closing the $1.6 billion joint venture with KNOC. The company sold approximately one-third of its Eagle Ford assets in the Maverick Basin earlier in the year.

The company is producing over 45,000 barrels of oil equivalent, which included gas sales of 25 mmcfd, 3,000 barrels a day of NGLs, and 6,000 barrels a day of oil production as an average for the quarter. That’s approximately 25% growth quarter over quarter. Not too bad!! The ramp up in drilling rigs is paying off. Continue reading →

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Chesapeake San Antonio Corporate Office is Open

Posted on July 27, 2011 by mineralrights

Chesapeake opened its South Texas corporate office in San Antonio on Monday July 25. The company already has approximately 100 employees working from the office and is expected to expand that number as operations grow in the Eagle Ford Shale. The office is off Lockhill Selma Road in North San Antonio. Continue reading →

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Valero’s Revenue and Earnings Boosted by Eagle Ford Crude

Posted on July 27, 2011 by mineralrights

Valero’s margins are being supported by growing production volumes in the Eagle Ford Shale. As the company upgrades its facilities to handle more Eagle Ford Shale Crude, expect these margins to grow. The light crude and condensate from the Eagle Ford is easier for refineries to handle. Eagle Ford is a more profitable option than heavy crude from South America.  Continue reading →

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Rosetta Resources Eagle Ford Shale Production Interrupted

Posted on July 27, 2011 by mineralrights

A midstream interruption in South Texas is forcing Rossetta Resources to curtail volumes from the company’s Gates Ranch assets. Hopefully, this is localized and can be fixed relatively quickly. Continue reading →

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Eagle Ford Permits Update July 25,2011

Posted on July 26, 2011 by mineralrights

Six oil & gas permits in McMullen County, TX, made it the most active county for new well permits in South Texas over the last week. Also, Pioneer Natural Resources has permitted three 21,000 ft total depth wells in the Sugarkane field in Live Oak County, TX. I’m not sure how long the horizontal portion of the wells will be, but it is definitely pushing past the norm for the Eagle Ford Shale.  Continue reading →

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Natural Gas Flaring in the Bakken Shale and Eagle Ford Shale

Posted on July 26, 2011 by mineralrights

Natural gas flaring is on the rise as oil drilling expands in areas of the Eagle Ford Shale and Bakken Shale. Operators often test wells before pipelines are built, which means there is no where for the gas to go. It gets flared until a pipeline is connected to the well site. Operators can also get permits to flare gas for extended periods of time if there is no gas infrastructure in the area.

The natural gas is essentially viewed as a by product that doesn’t add much value to an oil well. In theory, it sounds okay, but you end up with more natural gas being flared than consumed in places like North Dakota. Continue reading →

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Schlumberger – Service Demand Strong in the Eagle Ford

Posted on July 25, 2011 by mineralrights

Schlumberger CEO Andrew Gould says the service market is supported by liquids production and pressure pumping demand in the Eagle Ford Shale. The Eagle Ford’s liquid production demands more services than a typical gas well. The demand for pressure pumping equipment is helping hold prices in the service industry. Continue reading →

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Enterprise Products Pipeline Get Green Light in Austin County TX

Posted on July 25, 2011 by mineralrights

Enterprise Product’s Eagle Ford Shale pipeline has gotten the green light from the town of Sealy, TX and Austin County, TX. We’re closer to having the needed infrastructure for moving larges volumes of Eagle Ford crude. The pipeline has a planned capacity of 350,000 barrels of oil per day. Hopefully, the pipeline companies stay in front of oil production and we don’t see the oil price discounts experienced in North Dakota’s Bakken Shale. Continue reading →

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Kinder Morgan Expects Eagle Ford Shale Growth

Posted on July 25, 2011 by mineralrights

Kinder Morgan expects future growth in its Eagle Ford Shale pipeline gathering and transport assets. The company expects the acquisition of Petrohawk by BHP to only enhance value across the Haynesville Shale and Eagle Ford Shale. Continue reading →

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Blue Dolphin Enters the Eagle Ford Shale

Posted on July 24, 2011 by mineralrights

Blue Dolphin enters the Eagle Ford Shale processing game through its latest acquisition. The facility sits near Nixon, TX, between Gonzales County and Wilson County. Processing capacity is 15,000 barrels per day with storage capacity of 295,000 barrels. Continue reading →

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