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Friday, September 02, 2011

Eagle Ford Shale -Texas Oil and Gas - News/Information/Opinion - Updated 9.30

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 Updated 9.30
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GAIL to acquire 20% interest in Carrizo's Eagle Ford Shale acreage position
istockAnalyst.com (press release)
Over the last decade, advent of shale gas has changed the US oil and gas market. A number of shale gas plays has emerged out in North America, of which, Eagle Ford shale is considered as the most economically attractive unconventional resource play, ...
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Eagle Ford boom brings tricky problems
Houston Chronicle
The Eagle Ford shale formation sweeps across 24 counties from the border to East Texas, and oil field service companies have poured into the area. Railroad Commissioner David Porter started the task force in hopes of avoiding the problems that led to a ...
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Eagle Ford Shale boom prompting a rush of M&A activity
San Antonio Business Journal
Merger and acquisition activity is booming as South Texas' Eagle Ford Shale emerges as one of the nation's hottest petroleum plays, according to industry observers. The play, which stretches across 24 Texas counties south of San Antonio, is expected to ...
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Industry chapped over EPA proposal
Denton Record Chronicle
Laredo resident Tricia Cortez testified on behalf of the Rio Grande International Study Center, saying that producers are drilling in the Eagle Ford Shale at breakneck speed, going from 26 wells to 2000 wells in just a short time. ...
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Heavy Reliance On Water Worries Fracking Opponents
KSAT San Antonio
A fifth-generation Texan, Burgin said she wants to the state to prosper as a result of the jobs and growth that fracking has created, yielding more oil and gas from the Eagle Ford shale formation beneath much of South Texas. However, she said the boom ...
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Bank stocks lead the losses
Equitymaster.com
The country's largest marketer and transporter of natural gas, GAIL India has entered into a deal with US-based energy company Carrizo Oil & Gas, Inc for acquiring 20% stake in the latter's Eagle Ford Shale acreage. GAIL will make the acquisition ...
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Market Live
Economic Times
The company announced a deal with USbased Carrizo Oil & Gas Inc for acquiring a 20 per cent interest in the latter's Eagle Ford Shale acreage. The stock was at Rs 414.50, down 3.01 per cent on the BSE. It touched a high of Rs 427.95 and low of Rs ...
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NYTEX purchases North Texas acres in Mississippi Lime
Gas Business Briefing
... says these two blocks of contiguous acreage in the Mississippi Lime oil formation make a unique opportunity for the small company because the product does not require the expensive drilling of the Eagle Ford and the Bakken shale plays. ...
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The Week in Review for 30 September 2011
Livemint
GAIL has bought a 20% stake in the Eagle Ford shale acreage in the United States. The field is operated by Carrizo Oil and Gas. GAIL has made an initial payment of $ 63.7 million. The deal could prove significant because India also plans auction blocks ...
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Taylor leaves South S.A. Chamber
San Antonio Express
Taylor will begin a for-profit marketing, public relations and consulting firm called the Cindy Taylor Group on Oct. 23 that will focus on the South Side, including opportunities from oil-and-gas drilling in the Eagle Ford shale region in South Texas. ...
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Marathon Oil Gets a Second Wind
Barron's
Due both to a projected 2012 funds flow deficit as well as the $3.4 billion purchase of Eagle Ford acreage form Hillcorp, net-interest costs are expected to rise significantly in 2012 offset only in part by the incremental income/cash flow associated ...
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India's GAIL to buy Eagle Ford shale gas-condensate assets
Oil & Gas Journal
By Paula Dittrick A unit of state-owned GAIL India Ltd. agreed to invest in US shale assets by acquiring a 20% interest in Eagle Ford shale acreage from Houston-based Carrizo Oil & Gas Inc. GAIL Global (USA) Inc. said its joint venture with Carrizo ...
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Utica Shale Could Spur M&A and Ohio Steel
Investment U
“The play reminded us of the Eagle Ford shale, which is distinctive because it's a three-phase play of dry gas, wet gas and liquids,” Chesapeake CEO Aubrey McClendon said. David Fessler recently explained the importance of the liquids-rich shale plays ...
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Investment U
Mike Berry: Why the Barnett Shale is an Ongoing Boon for DFW
D Magazine
Although we have several key operators in place, there are suppliers and other related companies that will continue to expand into areas of production, like the Barnett Shale, Marcellus Shale, Eagle Ford Shale and others. We need to make sure that the ...
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D Magazine
Strike Oil Limited : Board and Management Appointments
4-traders (press release)
Eagle Ford leasing – The Eagle Landing Joint Venture (onshore Texas) has now leased 24390 acres of the Eagle Ford Shale trend (6707 acres net to Strike) and we have commenced a process to evaluate our acreage. • Wilcox Slope drilling – The St Landry ...
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Exxon and Chevron gain; energy stocks ride rally
MarketWatch
The Houston-based oil service firm, which started providing hydraulic fracturing services in August to Petrohawk Energy Corp. in the Eagle Ford Shale of Texas, plans to trade on the New York Stock Exchange under the symbol FRAC.
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How 5 Cramer Picks From The August Rout Are Faring
Seeking Alpha
CRZO has limited drilling experience in the Marcellus Shale, the Niobarra and the Eagle Ford Shale and its projected growth is reliant on the successful extraction of oil and gas from these areas. A substantial portion of CRZO's reserves is located in ...
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Platinum Energy plans $300m IPO
Upstream Online
The company is currently under contract with Petrohawk in the Eagle Ford shale and Encana in the Haynesville shale. Platinum began fracking work for Petrohawk late last month and expects to begin work for Encana in October. Those contracts are worth a ...
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Eureka Energy: Black Jack Springs well hits 60 day production milestone
Proactive Investors Australia
The Sugarloaf AMI comprises around 24150 gross acres (1500 net acres) and Eureka holds a 6.25% working interest, with the project located in the condensate-rich window of the Eagle Ford shale - with production commencing in mid-2010. ...
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Proactive Investors Australia
Indian Markets Lower Ahead Of F&O Expiry
RTT News
GAIL (India) is down 0.2 percent after its US unit bought a 20 percent stake in Houston-based Carrizo Oil & Gas's interest in approximately 20200 net mineral acres leased by the company in the highly prospective condensate zone of the Eagle Ford Shale ...
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American Disposal cancels disposal well permit
Victoria Advocate
The new location would be closer to the Eagle Ford Shale drilling area and about 75 miles outside Victoria County, Austin Ivey said. American Disposal employs about 20 workers at its current Victoria County site, near state Highway 185 and US Highway ...
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Victoria Advocate
Indian stock market and companies daily report (September 29, 2011, Thursday)
Stock Markets Review
GAIL has entered into a joint venture with US-based Carizzo Oil & Gas (Carizzo) to acquire a 20% interest in Carizzo Eagle Ford Shale, which owns shale gas assets. The joint venture will have 20200 gross acres, out of which GAIL's share will be 4040 ...
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Time to Look at Domestic Oil Drillers? (PTEN)
SmallCapInvestor
This made the company the second largest operator in the US The company offers well drilling services in many of the most promising regions for domestic oil and gas production, including the Bakken Shale, The Marcellus Shale, and the Eagle Ford. ...
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Bentek: Shale to Do for Oil What It Did for Gas, NGLs
NGI's Shale Daily (subscription)
(For instance, condensate from the Eagle Ford could one day make its way to Canada for use as a diluent in oilsands production, Braziel said.) During the dry gas construction boom, the goal was to get product from the middle of the country to ...
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Eagle Ford Shale in the US, 2011 - Oil Shale Market Analysis and Forecasts to 2020
MarketWatch (press release)
The report details the drilling activity in the play by analyzing the permits issued in Eagle Ford shale by period, county and also by major operators. It also provides the well costs and acreage costs. The report gives the major players in the shale ...
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Chesapeake Has 'Phenomenal' Production in Utica Shale Wells
San Francisco Chronicle
Oil-equivalent peak output of the Buell well in Harrison County at 3010 barrels a day rivaled some of the best wells in the Eagle Ford Shale in Texas discovered in 2008, Bodino said. Marathon Oil Corp. in June agreed to pay the equivalent of $21000 an ...
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Platinum Energy Files Plan To Sell Up To $300M In IPO
Wall Street Journal
Platinum Energy started providing hydraulic fracturing services last month to Petrohawk Energy Corp. (HK) in the Eagle Ford Shale, and expects to offer services for Encana Corp. (ECA, ECA.T) in the Haynesville Shale next month. ...
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Gap Ups - CHRI, CKSW, COBI, CRWE, CRZO
Retirement Planning
Its operations are principally focused in proven, producing oil and gas plays primarily in the Barnett Shale in North Texas, the Marcellus Shale in Appalachia, the Eagle Ford Shale in South Texas, the Niobrara Formation in the Denver-Julesberg Basin ...
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Burleson adds to Denver law office
Gas Business Briefing
... fueled in part by clients involved in unconventional shale plays. In 2009, Burleson opened its Pittsburgh office to focus on the Marcellus and Utica formations. Last year, Burleson opened a San Antonio office, which targets the Eagle Ford Shale play.
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San Leon drilling Baltic shale play
Petroleum Economist
The Canadian firm, active in the Marcellus, Eagle Ford and Montney shales in North America, also bears the cost of seismic studies within the Baltic play as part of the deal. John Buggenhagen, San Leon's director of exploration, previously told PEU ...
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Top Gas Producers Are Growing Liquids Production Part IV
Seeking Alpha
It has 75000 net acres, or 1145 locations in the Eagle Ford. Virtually all of its inventory is in the oil and volatile oil windows. It has 138000 acres, or 800 locations in the Wolfcamp. It also has 140000 acres in the South Louisiana Wilcox. ...
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Barnett Shale: A 'Bulwark' Against Hard Times in North Texas
NGI's Shale Daily (subscription)
... in the last year or so producers have been turning their attention away from the Barnett, as well as the Haynesville/Bossier in North Louisiana and East Texas, in favor of liquids-rich shale plays such as the Eagle Ford in South Texas. ...
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