Eaglebine

GE Energy and Vess Oil Partnering Again in Texas

GE Energy Financial Services and an affiliate of Vess Oil Corp. are buying about 13,000 net acres in East Texas and associated production from the Woodbine formation from an EnerVest Ltd. affiliate for $108 million. Read More

Permian, Eagle Ford Lead Texas Drilling as Production Climbs

Texas oil and natural gas production during October continued to climb from year-ago levels, according to preliminary data released by the Railroad Commission of Texas... Read More

NatGas Returns as Texas Sets Another Upstream Record

Natural gas is back. At least it is in Texas, according to the latest barometer of oil and gas activity in the state, which shows that higher wellhead prices have boosted the value of Lone Star state gas production this year through October by 36.5%. Read More

ZaZa and Sabine Ink JV Deal for South Texas Play

ZaZa Energy Corp. recently struck a joint venture (JV) deal with Sabine Oil & Gas LLC unit Sabine South Texas LLC to jointly develop its Sweet Home prospect in the Eagle Ford Shale. Read More

Texas Index Charts Another Record as Success Weighs on Oil Prices

The Texas Petro Index (TPI), a barometer of oil and gas activity in the Lone Star State, set another record in September, mainly on the back of robust oil production. But while natural gas production declines, stronger prices more than compensate. Read More

Texans Pass Water Measure Supported by Oil, Gas Industry

Texans have voted overwhelmingly for a constitutional amendment to allocate $2 billion from the state's "rainy day" fund to programs intended to secure water supplies in the frequently drought-stricken state. The measure had the support of the oil and gas industry, whose use of water for hydraulic fracturing is often scrutinized. Read More

Texas Production Grows with Half of Country's Land Rigs

About half of the active land drilling rigs in the United States are drilling in Texas, home of red hot oil plays in the Permian Basin and Eagle Ford Shale... Read More

Drill, Baby, Drill -- Faster Still

The average U.S. onshore drilling rig is producing 2% more wells than it did three months ago, and increasingly, rigs are targeting liquids-rich plays over those known for producing... Read More

Shales Make it Rain Severance Taxes in Texas

The Lone Star State's Rainy Day Fund purse has grown fat from oil and gas tax revenues, and that's expected to continue as Texas drillers drive production... Read More

ZaZa, EOG Step Up Eagle Ford JV Activity

ZaZa Energy Corp. and joint venture (JV) partner EOG Resources Corp. have revised their agreement in order to further develop and expand their Eaglebine/Eagle Ford Shale East assets. Read More