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Pipeline from the Eagle Ford Shale to Mexico opens

A new pipeline project to move Eagle Ford Shale natural gas into Mexico’s growing energy market has opened.NET Mexico Pipeline Partners LLC announced today that construction of its 120-mile pipeline is complete and ready to export natural gas to Mexico.Although Mexico has vast natural gas reserves, it hasn’t been able to develop them quickly enough to meet the country’s consumption, which has been climbing at four times the pace of overall economic growth at times in the past decade.The NET Mexico project is from the Agua Dulce hub in Nueces County to a point about six miles east of Rio Grande City in Starr County.The pipeline last November got the OK from the Federal Energy Regulatory Commission “to site, construct, connect, operate, and maintain a border-crossing facility” in Starr County for the export of natural gas.NET Mexico is an affiliate of Houston-based NET Midstream, which has a long-term agreement to transport up to 2.1 billion cubic feet of gas per day with MexGas Supply Ltd., a subsidiary of Mexico’s state-owned gas company, Pemex Gas y Petroquimica Basica. 12 more words

Eagle Ford

Eagle Ford shale brings jobs, economic growth South Texas

The Eagle Ford shale is bringing jobs and economic growth to South Texas, but many residents are worried the cost is too high.According to Dr. Gunner Schade, of the Department of Atmospheric sciences at Texas A&M, the air quality needs to be monitored. 147 more words

Eagle Ford

Pioneer will sell $1B in stocks and pipeline to ride out falling oil prices

Pioneer Natural Resources will continue operating in the Permian Basin despite falling crude oil prices by selling a pipeline in the Eagle Ford Shale, CEO Scott Sheffield said in a conference call.The Irving-based company also plans a $1 billion stock offering.”It allows Pioneer to really prudently develop its assets in what I believe could easily be a $70 to $80 per barrel oil price environment over the next two years,” said Scott Sheffield, CEO of Pioneer. 17 more words

Eagle Ford

Adios College Station...

Oilman put in his notice last Friday and is saying goodbye to the Woodbine and hello old friend Eagle Ford shale.  He and his “team” haven’t been happy with this new outfit in College Station. 203 more words

Oilfield Life

A webinar on Mexico’s Eagle Ford Shale

The International Trade Center is offering a webinar on opportunities in Mexico’s Eagle Ford Shale.The webinar is 10 a.m. to 11:30 a.m. Oct. 21 and the speaker is Thomas Tunstall, research director at the University of Texas at San Antonio’s Institute for Economic Development.The Eagle Ford had an $87 billion effect across South Texas last year — nearly equal to the San Antonio area’s entire gross domestic product, according to UTSA’s latest report.Tunstall is also working on an economic report about the potential for shale development across the Rio Grande.The webinar will include an overview of the Eagle Ford Shale economic impact, opportunities in Mexico for U.S. 21 more words

Eagle Ford