Operators in the Eagle Ford Shale have started making preparations ahead of Hurricane Harvey's landfall.
Marathon
Marathon Oil Corp. (NYSE: MRO) said Aug. 24 it is paring back operations in the Eagle Ford shale region of Texas.
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"We have released non-essential personnel and are in the process of suspending operations where appropriate in the Eagle Ford," spokeswoman Lee Warren said.
Pioneer
Pioneer Natural Resources Inc. (NYSE: PXD) said Aug. 24 it has stopped completing oil wells in the Eagle Ford shale region of Texas ahead of Harvey.
"The safety of our employees is paramount in these situations, therefore completion operations will pause until the storm has moved out of the area," Pioneer spokesman Robert Bobo said.
EOG
EOG Resources Inc. (NYSE: EOG) said Aug. 24 it has curtailed drilling and shut-in some production in the Eagle Ford shale region of Texas ahead of Harvey's landfall.
"In certain high-risk areas, we evacuated nonessential personnel, suspended drilling operations and shut-in production," EOG spokeswoman Kim Ehmer said. The company continues to monitor the storm's path and could further curtail operations, Ehmer said.
ConocoPhillips
ConocoPhillips Co. (NYSE: COP) said Aug. 24 it is suspending drilling in the Eagle Ford shale oil region of Texas and idling five rigs there ahead of Hurricane Harvey.
The company has evacuated all non-essential personnel from the shale region and also from offshore platforms in the U.S. Gulf of Mexico. Oil production from both regions has so far not been affected.
"We're taking a wait-and-see approach for now," ConocoPhillips spokeswoman Romelia Hinojosa said.
Statoil
Statoil ASA (NYSE: STO) said Aug. 24 it is evacuating staff from the Eagle Ford shale region as Hurricane Harvey moves closer to the Texas coast.
The Norway-based oil producer is securing its two drilling rigs in the shale region and will close wells on a case-by-case basis depending on flooding risk, though the company's goal would be to not close a well, said spokesman Erik Haaland.
Apache
Apache Corp. (NYSE: APA) said Aug. 24 it does not expect any 'material implications' to its onshore operations from Hurricane Harvey.
The company operates in the Eagle Ford shale region of Texas, parts of which are expected to be affected by the storm.
"We are taking precautions, but do not expect any material implications," Apache spokesman Joe Brettell said.
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