Category Archives: Eagle Ford

Oil Near Two-Week High on U.S. Supplies; Brent Rises Above $110 at Bloomberg . “But Helms emphasized that oil production in the Bakken is consistently increasing by 15,000 to 20,000 b/d every month, and that thousands of additional wells…

Oil Drops After Biggest Gain in 5 Weeks as Storm Slows at Bloomberg . Mark Papa oil market commentary: “Regarding oil, we still think the global supply-demand balance is tight, and we expect prices to strengthen throughout the remainder of…

Oil Rises From Three-Week Low on Forecasts U.S. Hiring Increased at Bloomberg . The Eagle Ford rig count is 270, a good 50+ higher than the Bakken with more productive geology. Eagle Ford Shale PXP Eagle Ford “second-quarter daily sales…

Oil Rises a Second Day as U.S. Inventories Decline, ECB Meets at Bloomberg . Blackout Highlights India’s Diesel Dependence at the WSJ . “NLG Bloodbath…rippling across the oil and gas industry” at Bloomberg . Devon JV’s some Permian…

Yesterday I asserted shale is being underestimated in the press and public, and I received push-back from knowledgeable investors. The world has changed fast. Perhaps the estimates quoted and linked were aggressive. But not by much. “The…

Despite yesterday’s EIA oil report showing an increase in inventory, the price reversed higher. Bloomberg New oil sands development requires a very high oil price: Financial Post . “A new study says North Dakota’s oil production could jump…

Oil Advances From One-Week Low on Chinese Manufacturing Outlook at Bloomberg . Oil-Price Surge Is All About Iran from the WSJ . Blackrock: US Shale Boom: A Case of (Temporary) Indigestion at Scribd . Eagle Ford crude pricing: RBN Energy…

Holy crap! Nexon agrees to $15.1B takeover by Cnooc . Marketwatch The Chinese are coming! The American Shale Conundrum Facing China’s Energy Champions at WSJ (google the title to read the whole article). Oil Plunges to Four-Day Low as…

Oil Rebounds as Norway Strike Looms at Bloomberg . Statoil Prepares to Shut Down Production As Strike Continues at the WSJ . “Problem is, the rebound last year was fuelled at least in part by an average deficit of 800,000 barrels a day for…

Yesterday a report by Leonardo Maugeri created big buzz in the oil and gas community. The Oil and Gas Journal actually used the ridiculous 17 million number in a headline. The executive summery forgets about price . The WSJ and economist…

Oil Trades Little Changed as Storm Threat to U.S. Gulf Crude Supply Fades at Bloomberg . Annual Energy Outlook 2012 (Only 252 pages long): EIA This would only be the tip of the iceberg: Oil price fall slowing oilfield activity at Calgary…

Energy investors have one final straw to possibly grasp: Brent oil spent the previous fourteen months over $100; the 200 day moving average is $112. Brent now having a $91 handle wouldn’t feel so good. Perhaps the Saudi’s will cut…

Futures are higher this morning, one take: Reformed Broker . Raymond James Energy Stat of the Week pertains to thermal coal: Raymond James . Coal export perspective from the EIA . Oil Gains Most in Five Months on Spain Bailout, China at…

Eagle Ford human interest article: Fuel Fix As production ramps higher in a new play, operators get behind before a maintenance level of backlog inventory is found. The Eagle Ford backlog at Eagle Ford Shale . Crude oil and refined product…

Marathon Oil adds to their Eagle Ford assets with an acquisition of 17,000 net acres in the liquids-rich core of the Eagle Ford shale play for $767 million. My math makes it $44,118 an acre, which would need to be adjusted for production…

EOG Resources is the furthest along the learning curve with the largest position in the best play. CEO Mark Papa loves to talk about the Eagle Ford on their conference calls. Too bad EOG’s stock is richly priced: “Our press release again…

Last decade investors were concerned about the industry’s ability to produce oil and gas. Natural gas conventionally produced was on a treadmill running too fast and producers could not keep up, forcing the price ever higher. Natural gas…