Eagle Ford Regional Rig Count 269 - TexStar Building Eagle Ford Pipeline to San Antonio for Calumet Refinery - Dec 30, 2013

Calumet Products San Antonio Refinery

The Eagle Ford Shale rig count rose by two rigs to 269 running over the past week.

In Eagle Ford news this past week, TexStar Midstream signed an agreement with Calumet Specialty Products Partners to construct, own, and operate a 30,000 b/d pipeline system that will deliver Eagle Ford crude to Calumet’s San Antonio Refinery.

Read the full article: TexStar Is Building An Eagle Ford Pipeline From Karnes to San Antonio for Calumet

The U.S. rig count dropped by 11 rigs from 1,768 to 1,757 running over the past week. A total of 374 rigs are targeting natural gas (2 more than last week) and 1,382 (13 less than last week) are targeting oil in the U.S. The remainder are drilling service wells (e.g. disposal wells, injection wells, etc.). 835 or 47.5% of rigs active in the U.S. are running in Texas.

Baker Hughes rig count is quoted here. Baker Hughes also releases its own Eagle Ford Rig Count that covers the 14 core counties (229 rigs). The rig count published on EagleFordShale.com includes a 30 county area impacted by Eagle Ford development. A full list of the counties included can be found in the table near the bottom of this article.

Eagle Ford Oil & Gas Rigs

[ic-l]The natural gas rig count decreased by one rig to 29 running this past week. At this time in 2012, there were more than 60 rigs and in 2011 there were more than 90 rigs targeting natural gas in the area. Don't be surprised if this is the bottom and we see more natural gas rigs in 2014. Natural gas essentially stayed level around ~$4.40/mmbtu on Friday afternoon.

The oil rig count jumped three rigs to 240 rigs running. WTI oil prices held basically flat on the week at just under $99/bbl. Eagle Ford light crude traded at $96/bbl on Dec. 20th.

A total of 230 rigs are drilling horizontal wells, 21 rigs are drilling directional wells, and 18 rigs are drilling true vertical wells. Karnes, DeWitt, La Salle, and McMullen counties all have between 28 and 32 rigs running. See the full list of drilling by county below.

South Texas Oil & Gas News:

• Halcon Reduces 2014 Capital Spending Plans – Production Guidance Flat
• Eagle Ford Growth Means Opportunity – TED Talk – Video
• DON’T LOSE IT! – Medical Certification Required for CDL Drivers
• TexStar Is Building An Eagle Ford Pipeline From Karnes to San Antonio for Calumet

Be sure to visit our South Texas Oilfield Job Listings to search openings and come back weekly for updates or sign up for alerts - Daily or Weekly Email Alerts

Eagle Ford Shale Drilling by County

Eagle Ford Operated Rig Count By Company

SmithBits no longer reports its operated rig count, but we'll have updated number for you from a new source soon. Until then, you can reference our numbers from mid-April. There has not been a significant change in the overall rig count since this date:

What is the Rig Count?

The Eagle Ford Shale Rig Count is an index of the total number of oil & gas drilling rigs running across a 30 county area in South Texas. The South Texas rigs referred to in this article are for ALL drilling reported by Baker Hughes and not solely wells targeting the Eagle Ford formation. All land rigs and onshore rig data shown here are based upon industry estimates provided by the Baker Hughes Rig Count and/or Smith Service Co's (Schlumberger) Smith Rig Count.

Deloitte Oil & Gas Conference Speakers Detail a Bright Future in Energy

Deloitte Oil Gas Conference - Global Capital Budgets

Deloitte held their annual Oil & Gas Conference on Nov 16th and the sessions featured several key leaders from across the industry.

While the conference is about the industry overall, the shale plays naturally commanded the lion's share of the conference. The mood was highly optimistic. We are no longer in the "shale revolution", rather this energy renaissance is a reality that is here to stay.

Overall, the common theme throughout the sessions could be summarized in a word: "Innovation." Whether it is lowering costs or utilizing currently flared gas through a gas-to-liquids (GTL) process, the industry sees room for growth.

A few key points and statistics we noted while at the conference:

• Oil production is at levels not seen since the mid 1980s
• The US has 15% of technically recoverable shale gas and 17% of technically recoverable shale oil resources globally
• The US will pass Russia as leading O&G producer this year; will pass Saudi Arabia next year
• Shale has increased our current trade balance by $200 million/yr and is predicted to give us oil independence by 2020
• A better trade balance has led to increasing geopolitical influence in critical regions
• The oil export ban needs reform. Otherwise, refinery changes are needed and we will consume more expensive crude.
• Operators are focused on cutting costs to increase valuations
• According to Maynard Holt, "we may be in the 8th inning of the shale game, but we're in the 3rd inning of the completion/cocktail game"
• In the last five years, foreign firms have invested over $100 billion in US unconventional assets
• Since 2008, Chinese joint ventures have spent 44 billion to acquire N. America based energy firms and assets
• Gas-to-liquids technology is becoming more and more attractive with current oil and gas prices
• Skip Horvath, Natural Gas Supply Association predicts that natural gas will hit $6.00 by 2020, "assuming Washington leaves us alone over the next few years."

"This boom isn't just for a few years. We believe the shale revolution really has staying power" -Ryan Lance, ConocoPhillips CEO

About the Deloitte Oil & Gas Conference

The Deloitte Oil & Gas Conference is an annual conference for oil and gas executives and leading industry experts to share their views on important issues facing the global oil and gas industry. The objective of this conference is to provide a forum for executives and managers from companies in all sectors of the oil and gas industry, commercial and investment bankers, industry analysts, service providers to the oil and gas industry, representatives of government agencies, trade groups and policy planners, to understand emerging issues.

PetroEd Launches Free Online Oilfield Training Program for High School Students - Press Release

PetroEd Online Oilfield Training for High School Students

For the first time, PetroEd® is providing access to the industry’s most popular on-line oilfield education courses--without cost--to qualifying students through the Open Petroleum Education Network (OPEN™).

The courses in OPEN are chalk-full of engaging multimedia, 3d animations and interactive learning that resonates with today's generation of visual learners.

“High paying petroleum industry jobs await...but you have to graduate.”

The OPEN initiative provides educational institutions and students worldwide with immediate access to best-in-class multimedia learning materials for the oil and natural gas industry at little or no cost. The OPEN program offers supplemental multimedia learning materials. In today’s frenzied market for skilled engineers, many instructors find themselves deluged with students seeking degrees in petroleum-related programs; they may not have sufficient resources and time to handle the capacity. OPEN allows students to take on-line courses before attending petroleum related classes.

About PetroEd

The OPEN initiative is PetroEd's sustainability program launched in 2010 with founding sponsor SGS in Geneva, Switzerland; the program allows selected universities access to premium quality on-line educational material focused on technical oil and natural gas operations. We are now introducing the course at the secondary school level.

To Learn More or Enroll Contact

Cameron Thompson 713-461-5200 cthompson@petroed.com

The article above was published through EagleFordShale.com’s press release distribution service. Learn more about Eagle Ford Advertising Here.

STEER Announces Call for 2013 Eagle Ford Excellence Awards - Press Release

Eagle Ford Excellence Awards Logo

The South Texas Energy and Economic Roundtable (STEER), is proud to announce the inaugural 2013 Eagle Ford Excellence Awards. The awards will honor leading companies and contractors in the oil and gas community by recognizing their diligent efforts in three specific areas: community and social investment, environmental stewardship, and safety performance.

“Through these awards, STEER is recognizing companies that set the standard for the oil and gas industry. The 2013 Eagle Ford Excellence Awards will highlight companies that are implementing programs that focus on the safety, preservation and well-being of the communities in the Eagle Ford Shale region,” says Omar Garcia, president of STEER.

The 2013 Eagle Ford Excellence Awards will serve as an opportunity to recognize companies that are conducting activities based on values that are essential for the continued advancement of the oil and gas industry, and that benefit the greater South Texas region. The awards will be given to organizations that exemplify innovation, take initiative and serve the communities in which they work.

“We applaud the efforts of organizations who are dedicated to being a positive and innovative presence in their communities. Through the creation of these inaugural awards, we hope to bring attention to companies and contractors in the oil and gas industry that are concerned with improving the quality of life for those living in the shale region.”

— Omar Garcia

Companies or contractors working in or with the oil and gas sector in the Eagle Ford Shale are invited to submit an entry form.

For more information and to download the forms, visit www.STEER.com.  The deadline for entries is Friday, November 1, 2013.  The award recipients will be recognized at an awards luncheon in San Antonio, Texas on Wednesday, December 11, 2013.

About South Texas Energy and Economic Roundtable (STEER)

The South Texas Energy and Economic Roundtable (STEER) is the leading Eagle Ford Shale resource in the region and is the primary coordinator for communication and public advocacy surrounding the oil and natural gas industry in South Texas.  With a focus on South Texas, STEER will serve as the bridge connecting the industry and legislature, academia and the communities throughout South Texas to ensure positive collaboration and communication surrounding the activities associated with the Eagle Ford Shale. For more information about STEER, visit STEER.com.

MEDIA CONTACTS:

Lisa Martin lmartin@creativecivilization.com 210.227.1999, ext. 129

The article above was published through EagleFordShale.com’s press release distribution service. Learn more about Eagle Ford Advertising Here.

AMGAS Launches Full Service H2S Treatment Operations in Texas - Eagle Ford - Press Release

AMGAS H2S Treatment Services

AMGAS Service Inc (AMGAS), a full service H2S and noxious emissions treatment company, has commenced operations in Texas in response to increases in the levels of sour shale production. AMGAS’ innovations and expertise will help ensure producers are better able to safely haul and transport crude laden with H2S by truck and rail.

AMGAS will officially launch their services at the Developing Unconventionals DUG Eagle Ford Conference in San Antonio, Texas September 17-19, 2013 and representatives from the company will be on hand at booth 2085.

Texas has over 12,000 H2S gas wells and over 190,000 oil wells with H2S creating additional challenges during production, such as increased risks to workers safety and its impact on the environment. As an industry leader, AMGAS has the equipment and expertise to remove and treat H2S while crude is in motion. Their service helps control costs and positively impacts worker safety and the environment.

“H2S is dangerous and must be handled and treated properly throughout all stages of drilling and production,” said Sheldon McKee director Business & Product Development at AMGAS. “Our aim is to proactively treat all H2S instances in the field and during transport in order to give our client the very best solutions on the market.”

At the intersection of service, chemical and equipment, AMGAS offers full service H2S treatment with dependable innovations. AMGAS offers truck loading, fluid treatment and tank venting, which are all serviced by trained professionals.

 “What sets us apart is that we remove H2S from the well all the way to market (transport) and that allows us to be multidimensional in our approach,” said McKee. “We aim to lock down emissions at the lease and remove and treat H2S from the well to the road. We want to push the industry forward and continue to work to raise the standards of H2S treatment and removal.”

About AMGAS

AMGAS is a corporation with offices across Western Canada, the US and in the Middle East and has been a leader in H2S treatment since the late 1980s. Safely handling H2S requires trained experts using dependable and innovative equipment, chemicals and processes. AMGAS developed specialized services fitting the specific needs of their different locations, operating at the intersection of chemicals, equipment and service. They take pride in working closely with their clients to ensure safety on site and provide expert assistance for all H2S treatments. For more information, please go to www.am-gas.com.

Company Contacts:

AMGAS Services Inc. Sheldon McKee Director of International Business Development Sheldon@am-gas.com 403.507.5499

The article above was published through EagleFordShale.com’s press release distribution service. Learn more about Eagle Ford Advertising Here.