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Tag Archives: eagle ford

G2 LNG looking for export approval from DOE

Yet another liquefied natural gas (LNG) company is looking to take advantage of low domestic natural gas prices by exporting the resource from its proposed facility in Louisiana. G2 LNG LLC filed two separate applications with the U.S. Department of Energy this week, one for authorization to export to Free Trade Agreement (FTA) nations and the other to non-FTA nations, ...

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Chesapeake cuts budget, again

Once again, Chesapeake Energy Corp. has cut its capital expenses for this year, but this time by $500 million. Only months after announcing major cutbacks in spending and rigs, Chesapeake has dropped its budget from $4.5 billion to $4 billion, and will also be cutting its rig count.  However, Chesapeake is keeping its rig count in the Utica Shale in ...

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Energy Pipeline: Amid slowdown, Weld County production climbs, and could continue

Crude production in Colorado’s top county has gone off the charts since 2011, and three years laster it’s still not disappointing. While production numbers are always a few months behind, solid counts through October show Weld County’s 2014 oil production up almost 10 percent from the previous year, and expanding to 83 percent of the state’s oil output, according to ...

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Dispute turns deadly for oil and gas employer

Few can deny that working in the oilfield is dangerous. But an industry work yard was the site of an entirely different type of danger Thursday, resulting in the death of an employer. Although no names have been released to the public as of yet, deputies are investigating the death of an employer at Oil & Gas Production Management L.L.C. ...

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Oil prices slide, optimism doesn’t

SAN ANGELO, Texas – Dwindling prices at the pump and on Wall Street are not scaring off oil field related businesses in the San Angelo area despite a few scale-backs industry-wide in employment and drilling operations. San Angelo remains a place of interest for growth and new businesses looking for a place to set up shop. Businesses interested in coming ...

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Rig drop slows

Permian Basin oil companies released six rigs in the past week, raising the possibility that the rate of cutback is slowing after the tremendous reductions of the previous weeks. The region had 362 rigs running on Friday, per the latest count from Baker Hughes. That is 204 fewer rigs than Nov. 26, the day before the Organization of Petroleum Exporting ...

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Pioneer to cut budget 45 percent

Pioneer Natural Resources will cut its budget by about45 percent in 2015, according to a late Tuesday announcement from the company that marked the latest Permian Basin producer to dramatically scale back in the face of low oil prices. As planned, the reduction leaves the company with a budget of about $1.85 billion for the year, with more than $1 ...

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US forecast: Expect cheap oil to stay awhile

WASHINGTON – The federal government forecasts that low oil prices will continue through the year as a result of the global petroleum glut. Oil prices have plummeted by more than half since a high of $106 a barrel in June, giving motorists the gift of cheap gasoline but wreaking havoc on energy markets and states that rely on oil tax ...

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Oil field housing developer plans for crude oil upswing

One opportunist in the Eagle Ford play is paying no mind to the current prices of crude oil and is setting his sights on future oil field worker housing development. The San Antonio Business journal reported that Michael Spencer, who manages San Antonio-based InVision Housing Solutions LLC, is in the midst of raising $5 million in capital to build new ...

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