Category: Eagle Ford News

Texas’ Eagle Ford oil field on the southern prairie is boosting energy-

tax revenue in the biggest oil-producing state, generating $40 million for the state budget last year.

“This is a great addition to the state’s reserves,” said Dominique Halaby, who directs the University of Texas at San Antonio’s Community and Business Research Center. Halaby, who has studied the field’s economic effects, said it might yield another $800 million in state receipts. “It’s a game-changer.”

http://www.dispatchpolitics.com/live/content/local_news/stories/2011/03/13/copy/oil-states-tax-revenue-swells-from-100-a-barrel-prices.html?adsec=politics&sid=101

The Eagle Ford Shale play is located primarily in 24 counties of southern Texas. It is one of the most active regions for oil and gas E&P in the United States. The Eagle Ford contains a high percentage of carbonate shale – upwards to 70% in south Texas.

http://seekingalpha.com/article/257877-major-players-in-the-eagle-ford-shale

The booming oil and natural gas industry along the Eagle Ford shale formation also injected revenue into the annual Cuero Livestock Show.

http://www.victoriaadvocate.com/news/2011/mar/12/sl_cuero_livestock_031311_131678/?news&dewitt-county

Development of the Eagle Ford shale, a vast oil and gas region, shows promise of being the most important economic generator South Texas has ever seen, a recently released study indicates.

http://www.chron.com/disp/story.mpl/business/energy/7467068.html

….and the yields of Eagle Ford are part of the reason production of natural gas in Texas — the leading gas-drilling state — is projected to keep rising.

http://www.nytimes.com/2011/03/11/us/11ttgas.html

OGJ Pipeline Editor

HOUSTON, Mar. 2 — Kinder Morgan Energy Partners LP (KMEP) and Watco Cos. LLC will build and operate several rail facilities in key markets for loading and unloading crude oil, along with other commodities and products tied to the oil and gas industry.

http://www.pennenergy.com/index/petroleum/display/9272389215/articles/oil-gas-journal/transportation-2/20100/march-2011/kmep-enters_bakken.html

(Reuters) – Magellan Midstream Partners (MMP.N) said on Thursday it is developing a new 180,000 barrels-per-day (bpd) pipeline that will carry Eagle Ford crude oil and condensate from LaSalle and Live Oak County in Texas to Corpus Christi, Texas.

http://www.reuters.com/article/2011/03/03/magellan-pipeline-idUSN0312725620110303

NEW YORK, Feb 17 (Reuters) – Flint Hills Resources said on Thursday it was buying a Texas oil terminal that would supply 200,000 barrels per day of crude and condensate from the South Texas Eagle Ford play to U.S. Gulf Coast refineries.

http://af.reuters.com/article/energyOilNews/idAFN1715645620110217

The Eagle Ford Shale geologic formation generated $3 billion in revenue for South Texas oil producers and local governments in 2010, according to a new study released Thursday by the Center for Community and Business Research at University of Texas at San Antonio’s Institute for Economic Development.

http://assets.bizjournals.com/sanantonio/news/2011/02/24/eagle-ford-shale-produced-3-billion.html

Chesapeake Energy Corp. will hold a job fair from 9 a.m. to 2 p.m. Wednesday in Uvalde at the Quality Inn at 920 East Main St. as it prepares to ramp up drilling in the Eagle Ford shale oil and gas play in South Texas.

http://www.mysanantonio.com/business/article/Job-fair-set-for-Uvalde-on-Wednesday-1034999.php