Fracking benefits local economies, but drives up crime rates, study finds
Hydraulic fracturing and the shale boom have provided many benefits for communities around the country, but the boom has also driven up local crime rates and decreased residents’ quality of life,...
View ArticleAnadarko to sell Eagle Ford assets for $2.3 billion
Anadarko Petroleum Corp. will collect $2.3 billion selling properties in the Eagle Ford Shale in South Texas, as it reroutes cash to more profitable oil fields, the company said Thursday. The...
View ArticleEagle Ford land prices begin to rise – as oil companies exit
Is the Eagle Ford nearing an upswing? Over the past two years, as oil prices fell, companies began consolidating operations, and many exited oil fields that cost more to drill or access than oil prices...
View ArticleAre shale’s days numbered?
The Texas shale revolution will not last forever. U.S. shale and tight oil production will increase to more than 6 million barrels per day in the coming decade, making up most of total U.S. oil...
View ArticleTexas adds 16 rigs, but panhandle wins; only 2 in Permian
The number of oil and gas rigs in U.S. fields rose for the fifth straight week, another sign of optimism in the industry, despite stagnating oil prices. This week’s count jumped 10, a boom of almost...
View ArticleTexas adds 5 rigs to Eagle Ford; U.S. count up just 2
The number of oil and gas rigs in U.S. fields rose for the seventh straight week as oil companies, especially in Texas, continue to show optimism in the industry. This week’s U.S. count jumped by two,...
View ArticlePipelines planned from Permian to Gulf; Boom to come to Corpus Christi
Two new crude pipeline projects from West Texas’ prolific Permian Basin to the Corpus Christi coastline have analysts crowing about refinery and export expansion in that city. The Houston-based...
View ArticleMore oil: Permian keeps on drilling
Drillers in the Permian Basin just keep cranking out more oil. Crude production in the Permian increased by 57,700 barrels per day from February to March, according to a new report from the Federal...
View ArticleRig count keeps growing
Energy companies sent 10 more rigs to U.S. oil and gas fields this week, continuing the steady increase in drilling activity. Texas accounted for six of the new rigs, including one in West Texas’s...
View ArticleEOG banks first profit in nearly two years; pumps record oil
EOG Resources collected its first profit in nearly two years in the first quarter, wringing money from a revived oil patch amid higher energy prices, the company said Monday. The Houston oil explorer...
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