Although it will be another three weeks before Pioneer Natural Resources Co. holds its fourth quarter earnings conference call and announces a capital budget for 2015, analysts are already reading the tea leaves from a company executive and its joint venture (JV) partner in the Eagle Ford Shale over how both 4Q2014 and 2015 will shake out. 55 more words
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Federal Reserve Bank of Dallas Senior Economist and Research Officer, Keith Phillips, projects Texas should add 235,000 to 295,000 new jobs in 2015.
The growth represents about a 2 to 2.5 percent increase in jobs, but lower than 2014 employment growth at about 3.6 percent. 249 more words
San Antonio-based Petro Waste Environmental is opening two new oil reclamation and washout facilities in the Eagle Ford Shale region.The Tilden facility, one mile east of Highway 72 in McMullen County, opened Monday.A new Carrizo Springs facility, at 3592 North FM 1407 in Dimmit County, is expected to open in February.The new Petro Waste sites process oil field drilling byproducts and offer cleaning services for vacuum trucks, transport trailers and frac tanks.Petro Waste also has access to Pyote Water System’s network of saltwater disposal wells in the Eagle Ford and Permian Basin. 11 more words
Oil and gas companies may have the money to pay research analysts for quality data, but public interests have the numbers on their side.Several crowdsourcing efforts have sprung up to generate, hone or analyze data about shale gas development in Pennsylvania, and they all rely on volunteers to contribute time and knowledge.As more people participate, the information, whether it’s about environmental impacts, traffic counts or lease terms, gets refined, and a broader picture emerges — one that is available to the public for free.SkyTruth’s FrackFinderSince 2002, SkyTruth, a West Virginia-based nonprofit, has been using the copious amounts of publicly available aerial and satellite images collected as frequently as twice a day from every point on earth to diagnose and chronicle environmental concerns. 213 more words
Matador Resources (NYSE:MTDR) said Tuesday it will scale back its drilling program in the Eagle Ford shale formation and has pushed back its analyst day to give itself more time to evaluate the impact of low oil and gas prices.The Dallas-based exploration and production company said it is operating five drilling rigs, two in the Eagle Ford play and three in the Permian Basin.But it plans to trim operations to just three rigs in the Permian due to lower oil prices. 58 more words
Oil’s biggest bust since the global recession was good for a few cases of whiplash.Just two months ago, Continental Resources Inc. (CLR), the shale driller founded by billionaire Harold Hamm, budgeted for $80-a-barrel oil and planned to spend $4.6 billion in 2015. 257 more words