Schematic E-W section showing the Eagle Ford Shale among the geological strata beneath the DFW Metroplex
In recent years there has been a lot of attention given to North American shale plays, as technological improvements (including horizontal drilling and hydraulic fracturing) have made it more commercially feasible to access the oil and gas trapped in the shale formations.
http://www.bizmology.com/2011/05/20/anadarkos-new-shale-play-eagle-ford-texas/
The Eagle Ford may soon become the biggest producing shale play in Texas, and possibly the whole of the United States, judging by a new analysis by Evaluate Energy of horizontal drilling data sourced from Smith Bits Stats.
All branches of the US military are very highly sought for positions with today’s leading energy companies. Oil and gas firms, in particular are aggressively recruiting, hiring and cross-training retired military servicemen and women, as well as reservists.
Ever-increasing demand for oil and gas globally puts the industry in a labor predicament. Companies must act now to fill vacancies, retain knowledge and skills from a graying workforce, as well as position the industry to continue pushing technological boundaries.
(Reposted from – Penn Energy)
(Reuters) – A century after a gusher at the Spindletop field in Beaumont, Texas, ushered in the first U.S. oil boom, a quieter oil craze is underway 300 miles west in a chain of counties more famous for cattle than crude.
http://www.reuters.com/article/2011/05/03/us-pipeline-eagle-ford-idUSTRE7426A220110503
Plains All American Pipeline, L.P. (NYSE:PAA), announced that it has entered into a commitment to construct a new 130-mile crude oil and condensate pipeline, a marine terminal facility and 1.5 million barrels of storage capacity to service growing Eagle Ford production in south Texas.
HOUSTON, May 5 — Kinder Morgan Energy Partners LP (KMEP) has entered into a definitive agreement to buy Petrohawk Energy Corp.’s 50% interest in KinderHawk Field Services in the Haynesville shale and a 25% interest in Petrohawk’s natural gas gathering and treating business in the Eagle Ford shale
Check out the latest Eagle Ford Map from the Texas Railroad Commission:
Update 04.29.11
Source: Texas Railroad Commission: http://www.rrc.state.tx.us/eagleford/images/EagleFordShalePlay201105-large.jpg
OTC Update Day 2: After two days of very interesting panels on the affects of the Deepwater Horizon and Gulf Oil spill in the Macondo play. The Overall take away….I was impressed with OTC management bringing parties from all sides to the table. We heard from heads of state, VP of Chevron, US chamber of commerce, a feisty little lady from Louisiana fighting for local businesses (Gulf Economic Survival Team) the Department of Interior and the Department of Energy and envoronmentalists. Only 12 deepwater permits have been issued since the lift of the moratorium and the start of the “permitorium”. Department of Interior says its 100% a lack of availability of containment systems that meet the new requirements (of which there are only two approved companies the non profit consortoum of majors (MWCC Marine Well Containment Company) and Helix.
It was repeatably stated, while Obama’s long term goal is to reduce dependance on oil and move toward Altnative, his short term goal (ten years) is to reduce our dependance on foriegn oil and develop it domestically. Bottom line….Much opportunity for services and products in new era of increased safety, retrofitting, decommissioning….etc…and this will create a lot of activity once the permits start flying.
We heard from the governor of Mississippi and representatives from governors of four other coastal states about the new Outer Continental Shelf Coalition. 20 states in all will be invited. VP of Chevron talked about the need to raise standards and for all operators, contractors and majors to hold each other accountable, since our neighbor (obviously) can give our industry a black eye, by not following safety procedures and best practices. The environmentalist studying the long term affect of the Macando incident don’t really know the overall impact of the oil and just as potentially detrimental, the dispersant.
By Greg Bright
Houston, Texas
May 3rd, 2011
