REOC San Antonio
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Kim Gatley
enior Vice President & Director of Research at REOC San Antonio

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Eagle Ford Shale Sale

texas_eagle_ford-oil-rigIrving-based Pioneer Natural Resources is selling part of its Eagle Ford Shale land holdings for $102 million. Denver-based Sundance Energy Inc. will buy the 10,200 acres that are valued at roughly $10,000 an acre.

The land is located in Atascosa, La Salle, Live Oak and McMullen counties in the western portion of Pioneer’s Eagle Ford Shale holdings. …Read Entire Post


With no bids, Halliburton property in Alice pulled from auction

Halliburton to auction Alice facility.

Halliburton fails to find buyer during auction.

With no online bidders and nobody in attendance at an on-site auction, a 19-acre property owned by Halliburton Co. in the South Texas town of Alice remains unsold.

The 850 Commerce Halliburton property in Alice, Texas, will sell to the highest bidder at auction above an opening bid of $1 million. It is a 19-building industrial complex totaling more than 103,000 square feet of space used as main office/lab, multiple shops, indoor/outdoor wash rack buildings and covered storage. It has fenced parking with a gate and guard shack. …Read Entire Post


CPS Energy to buy, renovate old AT&T building for its new headquarters

cps logoCity-owned utility company CPS Energy plans to buy and renovate the old AT&T building in downtown San Antonio to be its new headquarters.

After months of looking at land in the downtown area, the five-member CPS Energy board of trustees approved the deal during their meeting. …Read Entire Post


Eagle Ford Shale pulls more than its fair share in U.S. oil production

Over half of 2013 U.S. oil production came from 20 counties, six of which are located in South Texas’ Eagle Ford Shale, according DrillingInfo.

The 20 counties — half spread through Eagle Ford and North Dakota’s Bakken Shale — represent just 2 percent of U.S. oil-producing counties yet accounted for 52 percent of 2013’s output.

Karnes County, located southeast of San Antonio, ranked 7th on the list, making it the highest-producing county in the …Read Entire Post