Peter Huddleston, President of Huddleston & Co. and a prominent petroleum engineer and a friend, agreed to report on the status of shale plays in Texas at our firm’s land and mineral owner seminar on November 9. He kindly agreed to let me use some of his slides. You can…
The Wall Street Journal reported that Sanchez Energy Corp is in talks to buy Anadarko’s leases and production in the Eagle Ford, partnering with Blackstone Group LP, for $3 billion to $3.5 billion. Separately, Sanchez Energy is selling $181 million of “non-core” Eagle Ford leases, about 15,000 acres, to Carrizo…
The environmental group Ceres has released a map showing the overlap between shale plays and water-stressed areas of the U.S. You can view it here. It is based on a study of 110,000 wells fracked over the past five years. Read Ceres’ summary of findings here. Its report is an…
In May of this year, the Provost Umphrey law firm filed a class action complaint in federal court in Pennsylvania against Talisman Energy USA, Inc. for underpayment of royalties on production from the Eagle Ford field in South Texas. Regmund v. Talisman complaint The Plaintiffs are three royalty owners who…
Great story in the Texas Tribune about the boom and bust of the hotel business in the Eagle Ford shale.
NASA has published before-and-after photos of the area around Cotulla, Texas, in the heart of the Eagle Ford, showing the impact of oil and gas development in the region. Photos are below. Full report can be viewed here. The area in 2009: The area today:
From Fuelfix: New federal data shows that the Energy Department expects drillers in the Permian Basin to push oil production in the shale play above 2 million barrels per day for the first time ever this November. The U.S. Energy Information Administration’s monthly Drilling Productivity Report released Monday, which covers…
The news is filled with stories predicting the effect of falling oil prices on US production. Good news for the economy, bad news for the Texas oil and gas industry. Will the rig count fall? Will companies go into bankruptcy? Only time will tell. The answer may depend on OPEC. OPEC…
There are always nay-sayers who predict that the current boom, whatever it may be, will soon be a bust. Recently, however, some pretty prominent voices have cautioned that all of the rosy predictions about the future of the shale boom, US energy independence, and the continued growth of US oil and…
With increasing frequency, my landowner clients have complained about gas flaring, especially in the Eagle Ford Shale. Landowners are beginning to insist that their leases require royalty payments on flared gas. Landowners also complain of the odors and noise from gas flares. The San Antonio Express News has recently published…