It looks like Mexico has the next potential to be a shale boom.
Tags » Eagle Ford
As Mexico moves forward to allow foreign investment in its energy industry, including shale development, the change will be a great economic benefit to Texas, Railroad Commissioner David Porter said Tuesday.The state’s booming Eagle Ford Shale formation doesn’t end at the border; it continues into Mexico. 123 more words
ConocoPhillips NYSE: COP CEO Ryan Lance told analysts that the exploration and production giant plans to increase its resources by nearly 40 percent in Texas’ Eagle Ford shale as the company aims for about 5 percent annual growth.The Houston-based company is focused on unconventional production in the “prolific” Eagle Ford play and plans to generate 250,000 barrels of oil equivalent per day in the region by 2017.“ConocoPhillips’ wells in the Eagle Ford have the highest oil rates per well and are leading the industry in value,” Lance said. 44 more words
Moored at Valero Energy Corp.’s dock in south Texas, the Liberian-flagged Afra Willow is unloading 300,000 barrels of imported, semi-processed crude oil to the company’s Bill Greehey refinery, where it will be further refined into gasoline, diesel and petrochemicals. 64 more words
- OPEC’s global oil supply dominance has not really been threatened by an independent country in its 50-year history.
- This is until now, with the U.S. posing a real concern to OPEC. 51 more words