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Tag Archives: Texas oil production

No rigs lost last week in the Eagle Ford

The Eagle Ford Shale has seen a consistent reduction of operating rigs for roughly 3 and a half months. But, if you noticed late last week’s rig count update from Baker Hughes, you may have realized the silver lining of rig stabilization, where the Eagle Ford saw no declines in rig count. The San Antonio Business Journal reported that while ...

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Oil dropped, what about rent?

Jesse Godfrey is one of many Odessans who saw the drop-off in oil and gas activity and wonders when the downturn will begin to show up in his living expenses. Godfrey pays $1,200 a month for his apartment, where similar units have risen to a rate of $1,500. The oil patch equipment inspector has lived in Odessa long enough to ...

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Pioneer asks city for delay

Pioneer Natural Resources CEO Scott Sheffield said Wednesday the company is positioned “as well as anybody to weather this storm” of low oil prices. But, at least for a while, executives are also asking the City of Odessa to weather it with them. Irving-based Pioneer, one ofthe major operators in the Permian Basin, asked city officials about a month ago ...

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