Eagle Ford Shale

Fracked Shale Oil Wells Drying Up Faster than Predicted, Wall Street Journal Finds

Read time: 9 mins
Pumpjacks in Permian Basin outside Midland, Texas

In 2015, Pioneer Natural Resources filed a report with the federal Securities and Exchange Commission, in which the shale drilling and fracking company said that it was “drilling the most productive wells in the Eagle Ford Shale” in Texas.

That made the company a major player in what local trade papers were calling “arguably the largest single economic event in Texas history,” as drillers pumped more than a billion barrels of fossil fuels from the Eagle Ford.

Its Eagle Ford wells, Pioneer’s filing said, were massive finds, with each well able to deliver an average of roughly 1.3 million barrels of oil and other fossil fuels over their lifetimes.

Three years later, The Wall Street Journal checked the numbers, investigating how those massive wells are turning out for Pioneer.

Turns out, not so well. And Pioneer is not alone.

Newly Elected President of Mexico, Lopez Obrador, Vows to Ban Fracking

Read time: 5 mins
Andrés Manuel López Obrador

Andrés Manuel López Obrador, who won the election to become Mexico's President on July 1, stated in a press conference that he will ban the horizontal drilling technique known as hydraulic fracturing (“fracking”) upon assuming the office on December 1.

The announcement would be a devastating blow to the oil and gas industry, which had its eyes set on drilling in Mexico's northern frontier in an area known as the Burgos Basin. The Burgos is a southern extension of the Eagle Ford Shale, a prolific field situated in Texas. 

After Years-Long Push, Fracking Has Quietly Arrived in Alaska

Read time: 5 mins

Hydraulic fracturing's horizontal drilling technique has enabled industry to tap otherwise difficult-to-access oil and gas in shale basins throughout the U.S. and increasingly throughout the world. And now “fracking,” as it's known, could soon arrive at a new frontier: Alaska.

As Bloomberg reported in March, Paul Basinski, a pioneer of fracking in Texas' prolific Eagle Ford Shale, has led the push to explore fracking's potential there, in what's been dubbed “Project Icewine.” His company, Burgundy Xploration, is working on fracking in Alaska's North Slope territory alongside the Australia-based company 88 Energy (formerly Tangiers Petroleum).

“The land sits over three underground bands of shale, from 3,000 to 20,000 feet below ground, that are the source rocks for the huge conventional oilfields to the north,” wrote Bloomberg. “The companies’ first well, Icewine 1, confirmed the presence of petroleum in the shale and found a geology that should be conducive to fracking.”

TransMexico? Keystone XL Owner TransCanada Wins Bid For Underwater Gas Pipeline Across Gulf of Mexico

Read time: 4 mins

TransCanada, owner of the proposed Keystone XL pipeline currently being contested in federal court and in front of a North American Free Trade Agreement (NAFTA) legal panel, has won a $2.1 billion joint venture bid with Sempra Energy for a pipeline to shuttle gas obtained from hydraulic fracturing (“fracking”) in Texas' Eagle Ford Shale basin across the Gulf of Mexico and into Mexico.

The 500-mile long Sur de Texas-Tuxpan pipeline, as reported on previously by DeSmog, is part of an extensive pipeline empire TransCanada is building from the U.S. to Mexico. The pipeline network is longer than the currently operating southern leg of the Keystone pipeline (now dubbed the Gulf Coast Pipeline).  Unlike Keystone XL, though, these piecemeal pipeline section bid wins have garnered little media attention or scrutiny beyond the business and financial press. 

Fracking Pollution Raising the Earth's Levels of Ethane, Bakken Oilfield Is Largely to Blame

Read time: 5 mins

The Bakken shale oilfield is single-handedly responsible for most of a mysterious global rise in atmospheric ethane — a pollutant that can harm human health and heat the atmosphere further — peer-reviewed research published last week reveals.

The Bakken, which stretches from North Dakota and Montana into Canada, has made headlines over the past decade for its sudden drilling boom (and an equally sudden job market bust as oil prices have plunged over the past year).

But while the drilling boom made North Dakota the nation's second largest oil-producing state, the amount of hydrocarbons leaking and being deliberately vented from the oil field may have been enough to alter the composition of the Earth's atmosphere slightly, reversing a long-running decline in ethane levels worldwide.

Top Drillers Shut Down U.S. Fracking Operations as Oil Prices Continue to Tank

Read time: 3 mins

It was a tumultuous week in the world of hydraulic fracturing (“fracking”) for shale oil and gas, with a few of the biggest companies in the U.S. announcing temporary shutdowns at their drilling operations in various areas until oil prices rise again from the ashes.

Among them: Chesapeake Energy, Continental Resources and Whiting Petroleum. Chesapeake formerly sat as the second most prolific fracker in the U.S. behind ExxonMobil, while Continental has been hailed by many as the “King of the Bakken” shale basin located primarily in North Dakota.

Report: Eagle Ford Shale Has Peaked, Lifting of Oil Export Ban Could Drain Field More Quickly

Read time: 5 mins

A new report published by the Post Carbon Institute concludes that Texas' Eagle Ford Shale basin, the most prolific shale oil basin in the U.S., has peaked and may have reached terminal decline status. The Post Carbon report dropped just as Congress is on the verge of lifting the oil export ban for U.S.-produced crude oil, which will only further incentivize drilling and fracking. 

Titled “Eagle Ford Reality Check: The Nation's Top Tight Oil Play After More Than a Year of Low Oil Prices,” the report is the latest in a series of long reports on the overhyped future of oil obtained via hydraulic fracturing (“fracking”) in the U.S. by Post Carbon Institute Fellow David Hughes. Hughes formerly worked for 32 years with the Geological Survey of Canada as a scientist and research manager before coming to Post Carbon.   

TransCanada's Next Move After Keystone XL: Flood Mexico with Fracked Gas with State Department Help

Read time: 3 mins

TransCanada, the owner of the recently-nixed northern leg of the Keystone XL tar sands pipeline, has won a bid from Mexico's government to build a 155-mile pipeline carrying gas from hydraulic fracturing (“fracking”) in the United States to Mexico's electricity grid. 

The company has benefited from Mexico's energy sector privatization promoted by the U.S. State Department, the same agency that denied a permit to the U.S.-Canada border-crossing Keystone XL. TransCanada said in a press release that construction on the $500 million line will begin in 2016 and it will be called the Tuxpan-Tula Pipeline. 

Texans Warn EPA Its New Rule to Reduce Methane Pollution Isn’t Tough Enough

Read time: 10 mins

On September 23, the U.S. Environmental Protection Agency (EPA) held public hearings in Dallas and Denver on its proposed rule to lower methane and associated pollution from oil and gas industry facilities. A third hearing will take place in Pittsburgh on September 29th.

Once finalized, the standards mandated by the EPA to control methane pollution will be a component of President Obama’s Climate Action Plan for reducing U.S. greenhouse gas emissions.

For Texans, the hearing holds special significance because of HB40, a new law the state passed shortly after Denton, Texas, voted for the state’s first fracking ban. HB40 makes fracking bans illegal and threatens all local ordinances the oil and gas industry doesn't like.

Fracker Aubrey McClendon Signs Deal in Mexico with Firm Led by Former Mexican President

Read time: 4 mins

Aubrey McClendon, former CEO of hydraulic fracturing (“fracking”) giant Chesapeake Energy and current CEO of American Energy Partners (AEP), has signed a joint venture with a private equity firm led* by former Mexico president Vicente Fox.* 

In a joint press release, AEP and EIM (Energy and Infrastructure Mexico) Capital announced a “long-term, landmark partnership to explore the vast exploration and development opportunities offered by Mexico's abundant oil and gas energy resources.” The deal serves as another case study of U.S.-based companies cashing in on the Mexico energy sector privatization policy the U.S. State Department helped make possible under both the Obama Administration and the Bush Administration.

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