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UT Poll says Americans back fracking bans by cities

A majority of Americans and Texans support allowing cities to ban hydraulic fracturing, even if state law otherwise permits it, according to a national online poll released Wednesday by the University of Texas at Austin. The UT Energy poll shows that 58 percent of the people surveyed nationally support giving cities the authority to adopt bans like the one passed ...

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Encana looking for buyers, seeks to exit Haynesville

Encana Corp is looking to tighten its portfolio to focus on its key areas in Texas and Canada, but that means getting rid of assets which don’t fall within those areas. Unfortunately, that includes the company’s acreage in the Haynesville Shale. According to Bloomberg, sources have stated that the Canada-based company is looking for prospective buyers for its Louisiana assets, ...

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U.S. shale boom nears turning point: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Oil production from major U.S. shale plays will decline by almost 60,000 barrels per day between April and May according to new estimates from the Energy Information Administration. Production is expected to decline in the Bakken, Niobrara and Eagle Ford plays next month. Only the ...

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1,400 Eagle Ford wells drilled, but uncompleted, IHS says

Just because the market is down doesn’t mean companies operating in the Eagle Ford are giving up their leasing agreements or abandoning their assets. According to a new analysis from the IHS, almost 1,400 wells in the South Texas fields have been drilled but not completed (DUC). Oil production businesses are trying their best to deal with a slumping market. ...

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EIA report pegs Permian as only oil-producing shale

The latest U.S. Energy Information Administration’s (EIA) monthly drilling report has revealed some very encouraging news for the Permian Basin, but as for other major shale plays—not so much. Among the Bakken, Eagle Ford, Haynesville, Marcellus and Niobrara shale plays, the Permian stood alone as the only shale to sustain continued oil production. According to the EIA’s March report, the ...

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Earthquakes have shaken up the Permian

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According to data gathered from the U.S. Geological Survey (USGS), over the last two weeks, three earthquakes have rattled the Permian Basin in its oil and natural gas regions. The information collected from the USGS shows that the earthquakes occurred along the Pecos and Reeves county lines.  The first earthquake hit the Richter scale with a 2.8 magnitude and was ...

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Trican lays off 137 employees

Trican

Trican Well Service recently laid off 137 employees based in Odessa, according to a notice filed with state regulators, representing another sign the strain of low prices on workers in the oil patch. The effective layoff date for the employees was March 20, according to a letter sent to the Texas Workforce Commission that was released to the Odessa American ...

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