Tag Archives: Eagle Ford

BP Considers Sale Of Oil, Gas Assets After BHP Acquisition

BP is considering the offloading of some older oil and gas production assets after it bought the shale business of BHP Billiton, the company told Bloomberg in a statement. The supermajor agreed to buy BHP’s assets in the Eagle Ford, the Permian, and Haynesville in two transactions for a combined US$10.5 billion. Now it plans […]

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Eagle Ford sees first drilling activity increase in 6 months

It’s a mixed bag of economic indicators for the Eagle Ford Shale where one report says crude oil production is down and another says new drilling activity is up for the first time in six months. The U.S. Energy Information Administration (EIA) released a report on Wednesday that stated oil production in the Eagle Ford […]

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Texas oil output hits highest level in two decades

Texas oil production rose by almost 100 million barrels in 2012 over the previous year, to the highest level in two decades. It was the fifth consecutive year with an increase. Despite a drop in oil prices last spring, economist Karr Ingham predicts production will rise again in 2013. Ingham offered a look at the […]

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