Top Story | Proppant | Exclusives / Features
Even at Low Oil Price, Eagle Ford Operator on the Hunt for Acquisitions
Print
|
At the 2017 JP Morgan Enery Equity Conference, Murphy Oil President and CEO, Roger Jenkins delivered Murphy's strategy for operating in a $40/bbl price environment.
For the remainder of 2017, Murphy will keep its capital budget for Eagle Ford ($370 million) unchanged. Murphy is currently operating 3 rigs in the Eagle Ford Play, 2 in Karnes County, and 1 in Dimmit County, TX. The company has been busy testing the Austin Chalk and downspacing in the lower Eagle Ford. The completion schedule remains unchanged with 59 wells planned this year, 49 in the Lower Eagle Ford, 5 in the Upper Eagle Ford and 5 Austin chalk.
Below is a chart from Shale Experts SCOUT database, shows how the drilling longer laterals and pumping larger proppant volumes is driving increased well performance for the…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Exclusives / Features News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Venezuela: Rebuild Potential vs. Stop/Start Reality — What It Means for International OFS
Venezuela: Rebuild Potential vs. Stop/Start Reality — What It Means for International OFS According to Reuters, Venezuela’s oil sector remains a high-potential but fragile opportunity: it holds massive…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
Gulf Coast - Southeast Texas News
Denbury Axes 2020 Capex by 44%; Defers CO2 Project
Denbury Resources Inc. reported an update in the wake of the market uncertainty. 2020 Changes Denbury has reduced its 2020 capital budget by ~$80 million, or 44%. As…
Private Operator Flows 500 BOPD Vertical Well in Liberty County, Texas
Vantage Operating LLC has drilled a notable vertical oil well in Liberty County, TX. The Governor Bill Daniel 2R well targeted the Yegua/Rich Ranch Field in Liberty County,…
American Midstream CEO Resigns as ArcLight Steps In
American Midstream Partners, LP announced that Lynn Bourdon III, Chairman, President and Chief Executive Officer of American Midstream GP, LLC, the of American Midstream Partners, LP, notified the…
WildHorse to Build Sand Mine Supporting Eagle Ford Development
Sand Mine Development Plan On January 4, 2018, Wildhorse Resources acquired surface and sand rights on 727 acres in Burleson County, TX. Prior to the acquisition, Wildhorse Resources…
Sanchez Increases Production 43% YoY in Q3 2017
[Summary: Sanchez announced its Q3 financial and operating results. Highlights include: Total production in Q3 was 6.8 mmboe or 73,783 boe/d, a 43% increase from Q3 2016 when…