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Live Oak County, TX - Oil & Gas Discussion

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Live Oak County, TX - Oil & Gas Discussion

Oil & gas discussion group for those interested in Live Oak County, TX. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Website: http://www.eaglefordshale.com/counties/eagle-ford-shale-live-oak-county-tx
Members: 70
Latest Activity: Jul 13

Discussion Forum

Live Oak County TX Oil & Gas Permits

Started by Dave Thompson. Last reply by Clint Liles Dec 19, 2016. 248 Replies

Post, discuss and share information related to Live Oak County Oil & Gas permits in the replies below.Thank you to Clint Liles for championing the effort to keep us all up to date.Continue

New lease rates?

Started by Jan York Oct 1, 2015. 0 Replies

I have a very small amount of acreage in Richard Everett Survey, A-7 that a company is wanting to lease.  What is the going rate now per acre and royalty interest?Also, I've heard horror stories of…Continue

EagleFordShale.com News

Natural Gas Production Down in Texas

Texas oil and gas production

Texas natural gas production has dropped by over 10 billion mcf per day over the same time last year, according to the Texas Railroad Commission (RRC).

Eagle Ford Shale Counties Rank First in Oil, Gas and Condensate

In May, 93,397 natural gas wells in Texas averaged 18,079,106 mcf a day, compared to the 19,378,929 mcf daily average of May 2016. These are the preliminary numbers reported by the Texas Railroad Commission last week. 

Webb County in the Eagle Ford continues to outproduce other Texas counties for natural gas, though it dropped from 61,866,541 in April to 39,627,806 for May. 

Karnes County also lost ground for crude oil production moving behind MIdland County in May.

Texas Crude Oil Production by County | Source-Texas Railroad Commission

Texas Crude Oil Production by County | Source-Texas Railroad Commission

Total crude oil production for May 2017 averaged 2,463,933 barrels daily, compared to the 2,359,072 barrels daily average of May 2016.

Read more at rrc.texas.gov

Rig Counts Decline Across the Country and the Eagle Ford Shale

Eagle Ford Well Permits

The Eagle Ford Shale rig count continues to struggle, falling by 2 this week to 91 rigs running across our coverage area by midday Friday.

The total rig count across Texas adn the U.S. also declined for the first time in months. 

In recent Eagle Ford Shale news, the number of Texas oil and gas companies seeking debt relief decreased from 18 during the first four months of 2016 to four in 2017.

Bankruptcies Spike Across Texas; Shrink for Oil & Gas

A total of 950 oil and gas rigs were running across the United States this week, two less than last week. 186 rigs targeted natural gas (one less than the previous week) and 764 were targeting oil in the U.S. (one less than the previous week). The remainder were drilling service wells (e.g. disposal wells, injection wells, etc.) 463 of the rigs active in the U.S. were running in Texas.

Baker Hughes reports its own Eagle Ford Rig Count that covers the 14 core counties. 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 below.

Eagle Ford Oil & Gas Rigs

10 rigs in the Eagle Ford region targeted natural gas this week with the commodity trading lower at $2.97/mmbtu.

81 Eagle Ford rigs were targeting oil with WTI oil prices at $45.77.

A total of 88 rigs are drilling horizontal wells, zero are drilling directional wells and three are vertical.

Karnes County leads this week with 21 rigs in production. See the full list below in the Eagle Ford Shale Drilling by County below.

Eagle Ford Shale Drilling by County

Eagle Ford Rig Count by County-July 21, 2017

Eagle Ford Rig Count by County-July 21, 2017

 

Eagle Ford Shale News

Bankruptcies Spike Across Texas; Shrink for Oil & Gas

Crude Oil Spill in Bastrop County

Eagle Ford Shale Counties Rank First in Oil, Gas and Condensate

Eagle Ford Oil Production Up

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.

Bankruptcies Spike Across Texas; Shrink for Oil & Gas

Texas Bankruptcies

Record numbers of Texas companies are declaring bankruptcy, while the trend is shrinking for oil and gas companies in the state. 

Texas Oil & Gas Bankruptcies Lead Pack

649 businesses sought bankruptcy protection in Texas courts during the first half of 2017, an increase of 44% over the same period a year ago.

Many analysts believe the spike in total bankruptcies is a result of the oil patch problems of the last few of years. Ironically, oil and gas bankruptcies have slowed. The number of Texas oil and gas companies seeking debt relief decreased from 18 during the first four months of 2016 to four in 2017.

Haynes and Boone, LLP issued its latest report showing nine oil and gas producers filed bankruptcy from January-April 2017, down from 29 from the same period last year. The combined secured and unsecured debt represented in these filings totals approximately $44 billion. 

Since the beginning of 2015, bankruptcies from oil and gas producers spiked as the crude oil price crash took its toll. The total bankruptcies involved approximately $79.9 billion in debt, according to the law firm of Haynes and Boone, LLP. Their bankruptcy tracker also shows the aggregate debt from oilfield services bankruptcy cases in 2015-2017 is $25.9 billion and the average debt of these cases exceeds $203 million

Texas was hit specifically hard in 2016, with more than half (25) of the 2016 filing being initiated in Texas courts. The combined total Texas bankruptcy filings for 2015-17 is 50, almost 40% of the total number of 127 and representing approximately $29 billion in cumulative debt.

Read full Bankruptcy Monitor at haynesboone.com

Comment Wall

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Comment by Jan York on October 1, 2015 at 8:26am

I have been offered $300/acre with a 20% royalty, which seems low.  This offer was made first part of September 2015.

Comment by Timothy Terry on September 10, 2014 at 3:46pm

Hello...I am looking to lease and/or buy 5-10 acres of land, preferably off a major highway or county road for the purpose of possibly obtaining a permit for a saltwater disposal well.  Three (3) phase nearby would be a huge plus.  Please text/call Tim Terry at 512-791-2499

Comment by Beverly Anderson on August 17, 2014 at 9:12am

We have received a new lease offer for 282 acres in the John Turner Survey A-38, A19 area under the reservoir.  This is our second lease and I am wondering what negotiation rates are currently.  It's been awhile since our last and I am wondering if we can counter?  Feel free to respond or email me directly at bevanderson88@gmail.com.  Any advice or assistance is appreciated.

Comment by Timothy Terry on February 20, 2014 at 8:07pm
Hello, my name is Tim Terry and I'm looking for 5-10 acres to possibly have an swd built on the property. Preferably to buy the land, but may be open to a conversation about leasing. Please call/text me at 512-791-2499. Looking around three rivers/whitsett area. Thanks.
Comment by Richard DeLeon on December 10, 2013 at 2:07pm

We've been approached to lease our 480 acres for oil & gas.  I'd like to know what others were able to negotiate.  Feel free to respond here, or email me directly if you prefer not to provide details in the open.  Thank you.  rdeleon@utsystem.edu

Comment by Tommy Dunlavy on October 14, 2013 at 4:03pm
I was wonder if anybody has heard of any activity around Calihan State Park. Also if anybody has heard of any seismographic in the water of Choke Canyon
Comment by Kammi Kothmann on October 26, 2012 at 9:37pm

That Seitel sure gets around.

Comment by Kammi Kothmann on October 26, 2012 at 9:35pm

 we leased to TexStar actually very happy with them, did a hell of a job and didn't go through Hindes San Miguel after all.Kool!

Comment by Reid Dickard on July 6, 2012 at 10:05pm

Thanks so much for the information.  We are beginning negotiations with the

company and the $35 per linear foot gives us a starting place.

Comment by Andy Lark on July 6, 2012 at 9:25pm

$35/linear foot sounds about right -- we'd accepted $30 for a 12" line about a year ago, not including the company's re-seeding, etc. obligations.  

 

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