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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

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honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Sep 26, 2012 5:57:12 AM Ignore honda0105 Report Abuse time will tell how long it lasts.
jrs4125 Champion Author Indiana Posts:2,898 Points:619,445 Joined:Sep 2011	Message Posted: Sep 24, 2012 7:24:56 AM Ignore jrs4125 Report Abuse Alrighty then
remay Champion Author Houston Posts:7,078 Points:2,143,665 Joined:May 2006	Message Posted: Sep 24, 2012 6:41:40 AM Ignore remay Report Abuse Up for now...
drpepperTX Champion Author Texas Posts:9,159 Points:778,875 Joined:Apr 2011	Message Posted: Sep 23, 2012 10:51:34 AM Ignore drpepperTX Report Abuse @ 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
HailstormCA Champion Author San Diego Posts:7,955 Points:1,491,945 Joined:Nov 2008	Message Posted: Sep 23, 2012 10:26:50 AM Ignore HailstormCA Report Abuse Onward and upward.
kyjlh Champion Author Kentucky Posts:1,751 Points:679,920 Joined:Feb 2005	Message Posted: Sep 23, 2012 5:55:28 AM Ignore kyjlh Report Abuse ok
tomok Champion Author Portland Posts:33,595 Points:2,373,210 Joined:Aug 2006	Message Posted: Sep 23, 2012 4:42:30 AM Ignore tomok Report Abuse 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!
us4usa Champion Author Missouri Posts:6,120 Points:1,137,585 Joined:May 2008	Message Posted: Sep 23, 2012 12:17:30 AM Ignore us4usa Report Abuse Keep pumping and flood the world market...
kcboy Champion Author Utah Posts:4,089 Points:1,533,170 Joined:Jun 2005	Message Posted: Sep 23, 2012 12:08:09 AM Ignore kcboy Report Abuse Don't ship it out lets keep it here.
rtw777 Champion Author Florida Posts:9,536 Points:1,869,695 Joined:Jan 2008	Message Posted: Sep 23, 2012 12:07:07 AM Ignore rtw777 Report Abuse Much of the oil from Alaska goes to Japan.
jrsva Champion Author Virginia Posts:9,999 Points:1,639,950 Joined:Jan 2006	Message Posted: Sep 22, 2012 11:58:02 PM Ignore jrsva Report Abuse “. . . 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.
PithyOpiner Champion Author Stockton Posts:16,394 Points:1,624,270 Joined:Jun 2008	Message Posted: Sep 22, 2012 11:54:06 PM Ignore PithyOpiner Report Abuse 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.
HA4CNN Champion Author Toronto Posts:5,760 Points:1,570,215 Joined:Dec 2006	Message Posted: Sep 22, 2012 11:53:59 PM Ignore HA4CNN Report Abuse The big black gold rush
Rt118E Champion Author Pennsylvania Posts:9,631 Points:1,395,970 Joined:Jun 2009	Message Posted: Sep 22, 2012 11:51:48 PM Ignore Rt118E Report Abuse Looks like shale is the new fuel source
wang91554 Champion Author San Jose Posts:3,310 Points:1,229,585 Joined:May 2009	Message Posted: Sep 22, 2012 11:48:30 PM Ignore wang91554 Report Abuse it'll be up and up and up for a while
q2 Champion Author Alberta Posts:2,174 Points:407,045 Joined:Nov 2008	Message Posted: Sep 22, 2012 11:45:28 PM Ignore q2 Report Abuse ok
Is246 Champion Author Albuquerque Posts:1,044 Points:443,535 Joined:Apr 2011	Message Posted: Sep 22, 2012 11:45:15 PM Ignore Is246 Report Abuse gOOD NEWS.
gd83goldwinger Champion Author South Bend Posts:1,428 Points:519,230 Joined:May 2011	Message Posted: Sep 22, 2012 11:44:03 PM Ignore gd83goldwinger Report Abuse That's great but will the consumer see any of it in cost relief.
Marson Champion Author Scranton Posts:9,082 Points:2,104,885 Joined:Oct 2006	Message Posted: Sep 22, 2012 11:43:53 PM Ignore Marson Report Abuse Good!
AKmailman Champion Author Alaska Posts:5,763 Points:1,584,815 Joined:Jul 2004	Message Posted: Sep 22, 2012 11:42:42 PM Ignore AKmailman Report Abuse more oil to sell overseas
skyking19 Champion Author Little Rock Posts:2,021 Points:1,722,740 Joined:Jan 2007	Message Posted: Sep 22, 2012 11:37:24 PM Ignore skyking19 Report Abuse Wow!
WIWalt Champion Author Wisconsin Posts:1,852 Points:441,965 Joined:Mar 2012	Message Posted: Sep 22, 2012 11:36:25 PM Ignore WIWalt Report Abuse O Good
trytogetby All-Star Author Cincinnati Posts:905 Points:223,870 Joined:Apr 2012	Message Posted: Sep 22, 2012 11:34:53 PM Ignore trytogetby Report Abuse 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 .
drpepperTX Champion Author Texas Posts:9,159 Points:778,875 Joined:Apr 2011	Message Posted: Sep 22, 2012 11:32:42 PM Ignore drpepperTX Report Abuse "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.
mplato Champion Author Columbia Posts:8,389 Points:1,842,970 Joined:Jun 2004	Message Posted: Sep 22, 2012 11:30:00 PM Ignore mplato Report Abuse fantastic
jtravis711 Sophomore Author Orange County Posts:174 Points:214,315 Joined:Feb 2011	Message Posted: Sep 22, 2012 11:29:59 PM Ignore jtravis711 Report Abuse 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.
OGW Champion Author London Posts:5,446 Points:1,558,085 Joined:Sep 2005	Message Posted: Sep 22, 2012 11:28:50 PM Ignore OGW Report Abuse Pump down the price than.
eswi Champion Author Madison Posts:2,686 Points:711,080 Joined:Mar 2009	Message Posted: Sep 22, 2012 11:27:53 PM Ignore eswi Report Abuse OK
Thadius330 Veteran Author San Antonio Posts:403 Points:90,820 Joined:Aug 2012	Message Posted: Sep 22, 2012 11:26:25 PM Ignore Thadius330 Report Abuse Ok
nimpy Champion Author Indianapolis Posts:8,270 Points:1,727,830 Joined:Oct 2007	Message Posted: Sep 22, 2012 11:22:29 PM Ignore nimpy Report Abuse It will probably be exported to China
mrbee Champion Author Little Rock Posts:3,894 Points:2,493,530 Joined:Oct 2005	Message Posted: Sep 22, 2012 11:21:20 PM Ignore mrbee Report Abuse Good news
WIPACKERFAN Champion Author Chicago Posts:8,944 Points:1,871,150 Joined:Aug 2005	Message Posted: Sep 22, 2012 11:18:10 PM Ignore WIPACKERFAN Report Abuse Good.
Tekkersmom57 Champion Author Syracuse Posts:2,019 Points:728,890 Joined:May 2010	Message Posted: Sep 22, 2012 11:17:55 PM Ignore Tekkersmom57 Report Abuse Great news! The more oil we can produce in our own country, the less dependent we will be on OPEC!
bonzoonfmb Champion Author Florida Posts:1,817 Points:664,910 Joined:Feb 2010	Message Posted: Sep 22, 2012 11:17:48 PM Ignore bonzoonfmb Report Abuse All of the production will go to the highest bidder and not do anything to lower the price of domestic U.S. gasoline.
pizzaman09 Champion Author Indiana Posts:1,463 Points:1,230,215 Joined:Feb 2009	Message Posted: Sep 22, 2012 11:17:15 PM Ignore pizzaman09 Report Abuse ok.
jtravis711 Sophomore Author Orange County Posts:174 Points:214,315 Joined:Feb 2011	Message Posted: Sep 22, 2012 11:14:56 PM Ignore jtravis711 Report Abuse 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?
McMutt Champion Author Ontario Posts:2,221 Points:1,333,680 Joined:Nov 2007	Message Posted: Sep 22, 2012 11:13:57 PM Ignore McMutt Report Abuse So there's no oil shortage?
abcdMA Champion Author Worcester Posts:8,052 Points:1,600,730 Joined:Nov 2008	Message Posted: Sep 22, 2012 11:13:17 PM Ignore abcdMA Report Abuse good deal
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Sep 22, 2012 11:12:01 PM Ignore mstearno Report Abuse go shale
Bleeder Champion Author Virginia Posts:8,038 Points:1,718,475 Joined:Jan 2008	Message Posted: Sep 22, 2012 11:10:47 PM Ignore Bleeder Report Abuse Good for them.
DEG Champion Author Las Vegas Posts:17,745 Points:3,519,480 Joined:Jul 2003	Message Posted: Sep 22, 2012 11:09:59 PM Ignore DEG Report Abuse Good news.
WeasleyOC Champion Author Orange County Posts:3,285 Points:829,800 Joined:Jul 2008	Message Posted: Sep 22, 2012 11:05:31 PM Ignore WeasleyOC Report Abuse Good news, but why haven't the prices gone down.
hammer219115 Veteran Author Pennsylvania Posts:411 Points:22,950 Joined:Aug 2006	Message Posted: Sep 22, 2012 11:05:27 PM Ignore hammer219115 Report Abuse cool
TelsaOR Champion Author Oregon Posts:3,596 Points:740,215 Joined:Jan 2011	Message Posted: Sep 22, 2012 10:58:19 PM Ignore TelsaOR Report Abuse Good for Texas.
achas Veteran Author Charlotte Posts:270 Points:43,545 Joined:Aug 2012	Message Posted: Sep 22, 2012 10:56:09 PM Ignore achas Report Abuse MAN IS THIS GOOD NEWS
paulweb All-Star Author Ohio Posts:907 Points:380,075 Joined:May 2011	Message Posted: Sep 22, 2012 10:53:07 PM Ignore paulweb Report Abuse good news from TX and ND.
SavALot Champion Author Virginia Beach Posts:8,618 Points:1,739,185 Joined:Apr 2005	Message Posted: Sep 22, 2012 10:51:13 PM Ignore SavALot Report Abuse Yet another Bloomberg report from Texas
badspots Champion Author Houston Posts:2,082 Points:693,105 Joined:Feb 2011	Message Posted: Sep 22, 2012 10:51:11 PM Ignore badspots Report Abuse Good.
danreino Champion Author Twin Cities Posts:8,474 Points:1,564,510 Joined:Mar 2008	Message Posted: Sep 22, 2012 10:48:36 PM Ignore danreino Report Abuse Stop for some lunch in Freer, TX :)
megadiesellv Champion Author Atlanta Posts:1,474 Points:503,585 Joined:Sep 2011	Message Posted: Sep 22, 2012 10:44:54 PM Ignore megadiesellv Report Abuse Ok.