Permits for drilling in the Eagle Ford Shale are being issued at their lowest rate since 2010.
- 512 permits to drill new oil or gas wells
- Eight to re-enter plugged well bores
- 140 for re-completions of existing well bores
- Well types included 203 oil, 24 gas, 392 oil or gas, 26 injection, zero service and 15 other permits
August Well Completions
Economist Karr Ingham of the Texas Alliance of Energy Producers says operators across the state have begin to add jobs back for the first time since 2015. Since the bottom began to fall out of the oil and gas industry 19 months ago, more than 102,000 jobs have been cut from every sector. The job loss rate slowed in June and in July, 100 jobs were added.
Latest posts by Elizabeth Alford (see all)
- Kinder Morgan: Eagle Ford Contributes to Decreased Volumes - Oct 24, 2016
- Eagle Ford Rig Count Gains One, Remains Sluggish - Oct 21, 2016
- Lucas Energy Re-Activates Eagle Ford Assets - Oct 20, 2016