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Bakken & Eagle Ford production up overall, flat in April

Oil production from major shale plays in North Dakota and Texas were flat in April compared to March, according to Bentek Energy, an analytics and forecasting branch of Platts, a leading provider of energy, petrochemicals, metals and agriculture information. As reported by PennEnergy, production in North Dakota’s Bakken shale only increased about 2,000 barrels per day (b/d) in the month ...

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2015: Will the Bakken hit 1.2 million barrels per day?

Oil prices have tumbled from their peaks, and some roughnecks have been sent packing, but the current lull in North Dakota’s oil patch is hardly the harbinger of doom that many suspected it to be. Jonathan Garrett, a principal analyst with Wood Mackenzie, a global energy research and consultancy group, asserts that the slowed activity is no indication of future ...

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Ferrellgas to buy Dallas energy company for $837.5 million

KANSAS CITY, Mo. — Propane retailer Ferrellgas Partners L.P. on Monday announced a definitive agreement to purchase Dallas-based Bridger Logistics LLC for about $837.5 million, as it seeks to expand in the crude oil business. Ferrellgas, based in the Kansas City suburb of Overland Park, Kan., and known for its Blue Rhino portable propane tanks, said Bridger’s owners will receive ...

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Texas oil patches brace for more rains, possible floods

HOUSTON – Texas oilfields could see strong rains and thunderstorms later this week, though they were spared the heaviest flooding that struck central and eastern Texas over the Memorial Day weekend, the National Weather Service said on Tuesday. There were reports of flooded roads in parts of the Permian Basin of west Texas and swollen creeks in the Eagle Ford ...

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LWC data reflects oil, gas industry job losses

The Louisiana Workforce Commission (LWC) has released the state’s latest employment data, representing March’s workforce numbers, and the information reflects the job-loss trend in the oil and gas industry. Louisiana’s seasonally-adjusted job counts for the mining and logging sector—where the oil and gas industry falls—decreased by 600, or 1.2 percent, from February to March this year. Over the last year, ...

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Encana posts surprise operating profit as costs fall

Encana Corp , Canada’s largest natural gas producer, posted a surprise quarterly operating profit as investments in technology to lower well costs and increase production begin paying off. Encana has been diversifying into oil production and has invested heavily in technology and drilling techniques, such as applying simultaneous drilling and completions operations on wells, to drive greater productivity and cost ...

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CEO steps up to the plate and claims the Permian Basin is still in early innings

Pioneer Natural Resources CEO Scott Sheffield claims that the Permian Basin is only in the “second or third inning” of its career. The Permian has two important horizons, the eastern side and the western side.  On each side, the Spraberry and Wolfcamp formations exist.  According to Sheffield, the eastern side of the basin has an estimate 75 billion barrels of ...

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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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