According to TradingMarkets.com, Reliance Industries has a new deal to buy $1.3 billion in Eagle Ford Shale assets and in April paid $1.7 billion for Marcellus Shale assets.

The Oil and Gas Journal reports on a 140-mile oil pipeline that originates in Karnes County, Texas and connects to the main system in Austin County.

Goodrich Petroleum is buying acres in the Eagle Ford and Haynesville Shale gas plays. More at Reuters.

The agenda for the Shale Gas Drilling & Completions 2010 conference to be held May 26-27 is now online. The conference will “deliver key insight into applying cutting-edge drilling and completions techniques used throughout diverse shale projects in the US & Canada. Leading shale producers will share real life examples of their drilling and completions success and challenges – including experience from the Barnett, Haynesville, Horn River, Marcellus, Woodford and Fayetteville shale plays.”

An article in the Houston Chronicle reports that Royal Dutch Shell has leased 150,000 acres over the Eagle Ford Shale bringing their estimated gas holdings to a total of 21 trillion cubic feet.

Shale has been hot in the news over the past few years because of the numerous natural gas plays in the United States and other countries. An article on the Reuters website speculates that oil from shale will be the next big wave in the news with the Niobrara Shale of Colorado, the Bakken Shale of North Dakota and the Eagle Ford Shale of Texas making the initial headlines.

How long will the new natural gas shale plays be producing gas? 20 years? 40? More? This topic was discussed at IHS CERA conference last week in Houston. Some believe that they will be producing gas for a long time.

Pioneer Natural Resources reports that one of their wells in the Eagle Ford shale of Texas had an initial production rate of 17 million cubic feet of natural gas per day. A fantastic yield for a shale well.   More in a Reuters article.

Pioneer Natural Resources reports that one of their wells in the Eagle Ford Shale of Texas has an initial flow of 11.3 million cubic feet of natural gas equivalent per day. More in a Reuters article.