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Tag Archives: Pioneer Natural Resources Co

EOG Resources to resume fracking if oil hits $65/barrel

WILLISTON, N.D. – Oil and natural gas producer EOG Resources Inc plans to begin fracking hundreds of wells in North Dakota and Texas later this year if oil prices stabilize around $65 per barrel, executives said on Monday after reporting a better-than-expected adjusted profit. EOG was the latest major U.S. shale oil producer to peg increased operations to a specific ...

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Pioneer to cut budget 45 percent

Pioneer Natural Resources will cut its budget by about45 percent in 2015, according to a late Tuesday announcement from the company that marked the latest Permian Basin producer to dramatically scale back in the face of low oil prices. As planned, the reduction leaves the company with a budget of about $1.85 billion for the year, with more than $1 ...

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Stagnant export reform obstructing new Texas projects

America’s ban on exporting petroleum is hindering, at least in one recent case, new commercial ventures for the Permian Basin and Eagle Ford Shale Plays. Greg Armstrong, CEO and Chairman of the Houston-based Plains All American Pipeline LP, desires to export Texas-produced condensate, a particular form of ultra-light crude oil. The Houston Business Journal reports that the company is well ...

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The oil export ban calamity

Zachary Toliver | Shale Plays Media Although the United States still holds onto a nearly 40 year old ban on exporting crude oil, many companies have found a pretty slick way to get some of this product out of the country, and according to the Wall Street Journal, The Obama Administration just gave the technicality an important green light. Companies ...

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