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Eagle Ford Shale News

Eagle Ford on the road to cheaper production

By next year, production in the Eagle Ford shale could be $10 to $15 cheaper per barrel, according to new estimates from Wood Mackenzie analysts. Fuel fix reported on the analysts’ findings, which were stated to a meeting with journalists last week. Thanks to more efficient drilling of horizontal wells, speeding up pressure pumping systems and embracing better technology, initial ...

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Industry leaders award $83K in scholarships

CORPUS CHRISTI — Flint Hills Resources and Koch Pipeline Company awarded scholarships to 62 South Texas students Monday. Spokeswoman Darcy Schroeder said the scholarships are meant to help the petroleum industry “deepen (its) workforce.” “It really allows kids to get excited about science and technology,” she said. Fifty two high school students received $1,500 scholarships each to the colleges and ...

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Marathon disappointed Galveston Bay workers reject contract offer

Marathon oil

HOUSTON, May 19 (Reuters) – Marathon Petroleum Corp said on Tuesday it was disappointed by the rejection of a contract offer by striking workers at the company’s Galveston Bay Refinery in Texas City, Texas. Workers on Monday overwhelmingly rejected the offer developed by a federal mediator working with the company and United Steelworkers union Local 13-1, which represents the strikers. ...

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Marathon Galveston Bay refinery workers vote to continue strike

oil refinery

TEXAS CITY, Texas – Hourly workers at Marathon Petroleum Corp’s Galveston Bay, Texas, refinery voted on Monday to continue a strike, rejecting a contract proposal developed by a federal mediator aimed at ending a stoppage that has lasted three-and-a-half months. The workers voted by secret ballot at their Texas City, Texas, union hall within sight of the giant Marathon refining ...

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Tesoro building crude railcars stronger than new US rules require

HOUSTON – U.S. refiner Tesoro Corp has ordered new crude oil railcars with features that surpass safety standards that federal regulators set this month, executives told Reuters. The 210 tank cars being built in northern Louisiana are so-called pressure cars, with the same design as those that carry liquid petroleum gases such as propane and butane, gas cargoes that are ...

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Governor Abbott to sign Denton fracking bill

Texas Gov. Greg Abbott announced this morning that he will sign into law a bill that reasserts the state’s control over oil and gas drilling and prohibits cities from banning hydraulic fracturing, giving them only limited control over the oil and gas process within their city limits. Abbott will sign the bill two days after he appeared at commencement services ...

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Lucas Energy loses Victory merger

Huston-based company Lucas Energy Inc. received unfortunate news last week as West Texas operator Victory Energy called off any further workings on a potential merger deal. The Houston Business Journal reported last Friday that Victory ended the nonbinding letter of intent on May 11. Both companies were allowed to end the working agreement for any reason. The deal would have ...

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Dallas area has 3.3 magnitude earthquake; nobody hurt

DALLAS — The Dallas area has been shaken by a 3.3 magnitude earthquake. The U.S. Geological Survey says the quake happened at 1:14 p.m. Monday, with the epicenter 3 miles south-southwest of Farmers Branch. Dallas police had no immediate reports of any injuries or damage. Parts of rural West Texas had a 3.1 magnitude earthquake late Sunday afternoon. USGS reports ...

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Finding a job after the oilfield

Diego Estrada finally lost his job as a wireline operator in March. For months, the 35year-old said he watched his hours dwindle, chipping away at earnings beyond what he ever made as a construction worker in El Paso. In 2014, he said he made $88,000. But as oil companies shed rigs and completed fewer and fewer wells as the New ...

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