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Oil production up in Eagle Ford shale

MySanAntonio.com -- Oil production in the Eagle Ford shale formation of southern Texas topped 310,000 barrels a day in July, Bloomberg News reported.

The nine fields that make up the majority of the 400-mile-long play pumped out 310,370 barrels a day, according to preliminary data from the Texas Railroad Commission. That's up from a revised count of 309,979 barrels a day in June, and 120,532 a day in July 2011.

The fields produced 51,676 barrels a day of condensate and 1.21 billion cubic feet a day of natural gas in July.


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Submitted Sep 22, 2012 By: drpepperTX
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil production up in Eagle Ford shale Back to Topics
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honda0105
Champion Author Tallahassee

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Message Posted: Sep 26, 2012 4:57:12 AM

time will tell how long it lasts.
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jrs4125
Champion Author Indiana

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Message Posted: Sep 24, 2012 6:24:56 AM

Alrighty then
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remay
Champion Author Houston

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Message Posted: Sep 24, 2012 5:41:40 AM

Up for now...
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drpepperTX
Champion Author Texas

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Message Posted: Sep 23, 2012 9:51:34 AM

@ jrsva, Crude oil exports are generally prohibited by statute. The Energy Policy and Conservation Act of 1975 (P.L. 94-163, EPCA) directs the President to restrict the export of crude oil.51 There are also additional restrictions on export of crude oil transported on pipelines that received federal right of ways,52 produced on the outer continental shelf,53 or produced from the Naval Petroleum Reserve.54 There are certain cases where crude oil exports are permitted in statute: If it is shipped on the Trans-Alaska Pipeline, of foreign origin, or is from the Strategic Petroleum Reserve if such export will directly result in import of refined products not otherwise available.
The Department of Commerce’s Bureau of Industry and Security (BIS), which regulates crude oil exports under its Short Supply Controls, will grant export licenses for crude oil that fall into these categories above. 55 They would otherwise not be granted. While infrequent, there are instances where crude of foreign origin is shipped into the United States and then re-exported. If the crude is of foreign origin and has not been co-mingled with crude of U.S. origin, it may be permitted for export.56
EPCA and other statutes allow the President to permit crude oil export in circumstances where the President determines that such exports are in the national interest. The President made such determinations for limited export of heavy crude oil from California in 1992,57 crude oil produced from Alaska’s Cook Inlet in 1985, 58 and oil exports to Canada for use or consumption therein in 1985 and 1988.59 In 1995, Congress passed P.L. 104-58 which amended the Mineral Leasing Act to permit exports of oil carried on the Trans-Alaska pipeline unless the President determined that these exports are not in the national interest. It directed the President to make such a determination within five months of the bill’s passage. The President issued a determination that such exports were in the national interest. Small amounts of crude oil were exported from Alaska until 2000, when changing commercial factors made exports uneconomic.
The EPCA 1975
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HailstormCA
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Message Posted: Sep 23, 2012 9:26:50 AM

Onward and upward.
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kyjlh
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Message Posted: Sep 23, 2012 4:55:28 AM

ok
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tomok
Champion Author Portland

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Message Posted: Sep 23, 2012 3:42:30 AM

Oil and Natural Gas production is up and some of it is produced on private land too. If only we could keep that oil and natural gas for use in the US and not have it exported. But, Big Oil exports fuel to other countries that will pay more for it. People are driving less and using more fuel efficient vehicles and less fuel is being consumed domestically. Higher fuel prices at the pump makes those EV's and Inbreds look much better don't they!
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their personal benefit.
The price at the pump needs to go down to $2/gallon, $3, $3.50/gallon or $4.00 is Not the new low!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, has a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
12/22/2012!
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us4usa
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Message Posted: Sep 22, 2012 11:17:30 PM

Keep pumping and flood the world market...
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kcboy
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Message Posted: Sep 22, 2012 11:08:09 PM

Don't ship it out lets keep it here.
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rtw777
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Message Posted: Sep 22, 2012 11:07:07 PM

Much of the oil from Alaska goes to Japan.
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jrsva
Champion Author Virginia

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Message Posted: Sep 22, 2012 10:58:02 PM

“. . . domestic crude oil CANNOT be exported except in very, very limited cases. This oil is not one of those cases. Please check the US laws on the strict constraints of domestic crude export.”

That’s news to me; how about posting a link to such laws so we can learn more?
And how about after refining? The US exports a lot of refined products.

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PithyOpiner
Champion Author Stockton

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Message Posted: Sep 22, 2012 10:54:06 PM

You notice how they don't say what is happening to the oil once it is out of the ground, right? You gotta ask how much of it is being exported.
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HA4CNN
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Message Posted: Sep 22, 2012 10:53:59 PM

The big black gold rush
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Rt118E
Champion Author Pennsylvania

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Message Posted: Sep 22, 2012 10:51:48 PM

Looks like shale is the new fuel source
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wang91554
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Message Posted: Sep 22, 2012 10:48:30 PM

it'll be up and up and up for a while
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q2
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Message Posted: Sep 22, 2012 10:45:28 PM

ok
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Is246
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Message Posted: Sep 22, 2012 10:45:15 PM

gOOD NEWS.
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gd83goldwinger
Champion Author South Bend

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Message Posted: Sep 22, 2012 10:44:03 PM

That's great but will the consumer see any of it in cost relief.
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Marson
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Message Posted: Sep 22, 2012 10:43:53 PM

Good!
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AKmailman
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Message Posted: Sep 22, 2012 10:42:42 PM

more oil to sell overseas
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skyking19
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Message Posted: Sep 22, 2012 10:37:24 PM

Wow!
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WIWalt
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Message Posted: Sep 22, 2012 10:36:25 PM

O Good
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trytogetby
Champion Author Cincinnati

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Message Posted: Sep 22, 2012 10:34:53 PM

It should stay in the US. If it is sent to other countries, that is just unforgiving . Those involved should be publicly noted and sent to the other countries to live their lives. Hopefully broke and left with no life but misery .
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drpepperTX
Champion Author Texas

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Message Posted: Sep 22, 2012 10:32:42 PM

"And how much is exported? 50% plus I bet."
===================
Nope, domestic crude oil CANNOT be exported except in very, very limited cases. This oil is not one of those cases. Please check the US laws on the strict constraints of domestic crude export.

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mplato
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Message Posted: Sep 22, 2012 10:30:00 PM

fantastic
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jtravis711
Veteran Author Orange County

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Message Posted: Sep 22, 2012 10:29:59 PM

True! the more that is produced here in the US that can be sold as an export to a higher bidder is good for the GNP and the oil company. What would be even better would be that we have a energy policy thats good for all America.
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OGW
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Message Posted: Sep 22, 2012 10:28:50 PM

Pump down the price than.
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eswi
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Message Posted: Sep 22, 2012 10:27:53 PM

OK
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Thadius330
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Message Posted: Sep 22, 2012 10:26:25 PM

Ok
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nimpy
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Message Posted: Sep 22, 2012 10:22:29 PM

It will probably be exported to China
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mrbee
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Message Posted: Sep 22, 2012 10:21:20 PM

Good news
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WIPACKERFAN
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Message Posted: Sep 22, 2012 10:18:10 PM

Good.
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Tekkersmom57
Champion Author Syracuse

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Message Posted: Sep 22, 2012 10:17:55 PM

Great news! The more oil we can produce in our own country, the less dependent we will be on OPEC!
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bonzoonfmb
Champion Author Florida

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Message Posted: Sep 22, 2012 10:17:48 PM

All of the production will go to the highest bidder and not do anything to lower the price of domestic U.S. gasoline.
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pizzaman09
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Message Posted: Sep 22, 2012 10:17:15 PM

ok.
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jtravis711
Veteran Author Orange County

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Message Posted: Sep 22, 2012 10:14:56 PM

So with all these articles about increased oil production in the US does some political person take credit for it or do we really get to have an energy policy that works really well for the US?
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McMutt
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Message Posted: Sep 22, 2012 10:13:57 PM

So there's no oil shortage?
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abcdMA
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Message Posted: Sep 22, 2012 10:13:17 PM

good deal
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mstearno
Champion Author Dayton

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Message Posted: Sep 22, 2012 10:12:01 PM

go shale
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Bleeder
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Message Posted: Sep 22, 2012 10:10:47 PM

Good for them.
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DEG
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Message Posted: Sep 22, 2012 10:09:59 PM

Good news.
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WeasleyOC
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Message Posted: Sep 22, 2012 10:05:31 PM

Good news, but why haven't the prices gone down.
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hammer219115
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Message Posted: Sep 22, 2012 10:05:27 PM

cool
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TelsaOR
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Message Posted: Sep 22, 2012 9:58:19 PM

Good for Texas.
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achas
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Message Posted: Sep 22, 2012 9:56:09 PM

MAN IS THIS GOOD NEWS
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paulweb
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Message Posted: Sep 22, 2012 9:53:07 PM

good news from TX and ND.
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SavALot
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Message Posted: Sep 22, 2012 9:51:13 PM

Yet another Bloomberg report from Texas
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badspots
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Message Posted: Sep 22, 2012 9:51:11 PM

Good.
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danreino
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Message Posted: Sep 22, 2012 9:48:36 PM

Stop for some lunch in Freer, TX :)
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megadiesellv
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Message Posted: Sep 22, 2012 9:44:54 PM

Ok.
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