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EIA revises US oil production estimates lower; June output sank

The federal government believes daily U.S. crude production fell to 9.3 million barrels in June, down by 100,000 barrels in the prior month, as low oil prices continue to discourage drilling. 132 more words

Eagle Ford

Mexico Pipeline Boom Fueled by Texas Drillers

Never mind Mexico’s oil reform. These days, the action is in natural gas.

Since last year, when new laws made it easier for foreign companies to export gas to Mexico, there’s been more than $10 billion of planned or completed pipeline investments announced by companies such as Dallas-based Energy Transfer Partners LP. 756 more words

Energy Headlines You Should Know

The second-quarter earnings for some of Texas’ largest energy companies were announced last week. Unfortunately the results of the reports were dismal and overall disappointing for the industry. 530 more words

Shale Rig Counts, Productivity, and WTI Price

Rig counts, rig productivity, and WTI price normalized to January 2011. This graph shows the lagged relationship and responsiveness of the rig count and WTI price. 66 more words

Oil

Izzy

“Today, give a stranger one of your smiles. It might be the only sunshine he sees all day.” H. Jackson Brown Jr.

This is Isidro Rodriguez. 102 more words

Texas

Texas Energy News Recap

There was a lot of talk last week, some good and some bad, about how Texas energy is engaging with both Mexico and Iran. Another highly discussed topic was how deepwater was not getting a great reception from some major energy entities and how the Eagle Ford shale was not shaping up to anticipated levels. 480 more words

Lucas Energy records bigger net loss, still pursuing strategic alternatives - Houston Business Journal

Houston-based Lucas Energy Inc. (NYSE MKT: LEI), which has been struggling to improve its financial footing, reported its net loss for fiscal year 2015 increased 9.4 percent over the previous fiscal year’s net loss. 226 more words

Eagle Ford