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Eagle Ford Shale News

Eagle Ford continues to pull billions in investments

Oil money

These days, petroleum prices are a calamity at best, but according to a new projected capital analysis, energy companies will spend $20 billion in the Eagle Ford Shale this year. The new projections come from a recent study from research firm Wood Mackenzie. Last week, the firm stated that even with severe reductions in activity, the Eagle Ford remains resilient ...

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Texas regulator clears oil and gas company of causing quakes

AUSTIN, Texas (AP) — The regulatory agency overseeing Texas’ oil and gas industry has determined that a series of small earthquakes in North Texas likely wasn’t caused by drilling operations by an Exxon Mobil subsidiary. The preliminary findings mark the first decision by the Texas Railroad Commission since it was authorized last year to consider whether seismological activity was caused ...

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Trump, other non-Texans may have Cruz defending home turf

AUSTIN, Texas (AP) — In tea party friendly Texas, no political star has burned brighter in recent years than Ted Cruz. He rode a grassroots groundswell to an upset Senate victory in 2012, further solidified his conservative credentials by helping lead a government shutdown and has built his presidential campaign around wooing the Republican Party’s far right wing. But Cruz ...

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RRC awards innovative restoration projects of Texas coal mines

Ever wonder what happens to abandoned coal mining land? Well, thanks to the regulations of the Railroad Commission of Texas, many become restoration projects and the RRC gives an annual award to companies doing the best work in the pursuit of public safety and natural resources. On Tuesday, the RRC announced the 2015 Reclamation Award recipient. The Texas Westmoreland Coal ...

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Can Texas pull through?

In most people’s mind, Texas and oil go together like Rocky and boxing; one just wouldn’t be the same without the other. So, of course it came as no surprise that communities in south and west Texas suffered as oil prices plummeted over the past year. West Texas crude prices hit $39 this week— the lowest it’s been since 2009, ...

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Lifting of oil-export ban urged

New Mexico oil-industry leaders urged the federal government on Tuesday to lift its four-decade-old ban on oil exports at a forum at Albuquerque’s Crowne Plaza Hotel. A five-member panel, organized by the New Mexico Association for Commerce and Industry, discussed the impact of plummeting oil prices on local industry and the need for producers to gain access to international markets ...

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Bakken, Eagle Ford output continues rise despite prices

Oil prices have continued on a downward slide, but production in the Bakken and Eagle Ford Shale formations increased slightly between June and July, reports the Houston Chronicle. According to Bentek Energy, an energy market analytics company, oil production in North Dakota’s Bakken continued to pump over 1.2 million barrels per day in July, up by about 500 daily barrels ...

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GE cutting 262 more Lufkin oil unit jobs in Texas

General Electric Co <GE.N> said on Monday it was cutting 262 more jobs at its Lufkin oil unit in Texas and closing a foundry as it grapples with the plunge in global oil prices. GE earlier this year said it planned to eliminate some 575 jobs from Lufkin, bringing the total cuts to more than 800. “This was a tough ...

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And the Texans’ quarterback is…

Experience, good decision-making and a low practice-interception at training camp helped Brian Hoyer dominate over his competitor Ryan Mallett for the title of the Texan’s quarterback. The Texans signed Hoyer on with a $10.5 million contract with a $4.75 million guarantee, the Houston Chronicle reports. Hoyer, a former Cleveland Browns QB, boasts 19 touchdowns, 19 interceptions and a 76.8 presser ...

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Eagle Ford expert: No telling how low oil can go

Just when oil seemed to have finally gained some momentum, West Texas Intermediate plummeted to $39 a barrel Monday morning. The dive left one crude economic expert with a phrase to capture the warranted anxiety of the industry: “All bets are off.” Thomas Tunstall, an economics professor at the University of Texas at San Antonio and notable expert with energy ...

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