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Wednesday, November 09, 2011

Texas Oil and Gas - News/Information - 11.9.2011

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Texas Oil and Gas  -  News and Information
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 Eagle Ford Shale, Barnett Shale, Austin Chalk
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Magnum Hunter Reports Financial Results for the Third Quarter and Nine Months ...
MarketWatch (press release)
Magnum Hunter has allocated approximately $75 million (29.4% of the total fiscal year 2011 capex budget) to drill 16 gross wells (8.4 net wells) during the year in the oil window of the Eagle Ford Shale play, with the focus predominately in Gonzales ...
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UT study: No direct fracking-water contamination link
FuelFix (blog)
Sand flows at a Chesapeake Energy well near Carrizo Springs in the Eagle Ford Shale. Houston-based Carrizo Oil & Gas is stepping up its presence in the Eagle Ford. (Photo: John Davenport/San Antonio Express-News) Preliminary results of a University of ...
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FuelFix (blog)
Total Executive: Seeking To Increase Shale Footprint In US
Fox Business
"It will be a natural progression" for Total to focus its shale expansion on shale liquids areas such as Texas's Eagle Ford Shale and Ohio's Utica Shale, Bannerman said later answering question from reporters. Asked about whether Total is the unnamed ...
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10-Q: CARRIZO OIL & GAS INC
Middle East North Africa Financial Network
The increase from the third quarter of 2010 to the third quarter of 2011 was primarily a result of production from new wells in the Barnett Shale, Eagle Ford Shale and the Niobrara Formation, partially offset by normal production decline and the sale ...
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Carrizo Oil & Gas 3Q profit jumps on investment
BusinessWeek
The rise was mostly due to increased production from new wells in the Barnett Shale, Eagle Ford Shale and Niobrara Formation, partially offset by a production decline and the sale of some Barnett Shale properties in May.
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El Paso Kicks Off Sale of Exploration and Production Assets
Wall Street Journal (blog)
El Paso's primary holdings are in the Eagle Ford Shale in south Texas, the Haynesville Shale in Texas and Louisiana, and the Gulf of Mexico's shallow waters. Its portfolio also includes fields in the Rocky Mountains, offshore Brazil and in Egypt's ...
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Ex-Enron Executive Returns to Energy Sector
Wall Street Journal
The crude is being shipped from recently developed shale-oil areas such as North Dakota's Bakken Shale and the Eagle Ford Shale in Texas. The facility will also include a 20-acre deep-water dock and receiving facility for imports and potential exports ...
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Take a Break from Hess, Pick Up Marathon
Investorplace.com
In June, Marathon acquired 141000 acres in the Eagle Ford Shale from Hilcorp Resources, a partnership between Hilcorp Energy and KKR (NYSE:KKR). Marathon paid $3.5 billion for the land and now owns in excess of 300000 acres there. ...
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Exxon sees shale growth slower abroad than in US
Reuters UK
In August BHP completed the acquisition of US-based Petrohawk Energy Corp for $12.1 billion, a steep premium, as it sought a large position in shale basins including the Eagle Ford Shale in Texas. Shares of Exxon closed up 1 percent at $79.74 on the ...
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Chesapeake 3Q Production up 9% on Strong Liquids Growth, Announces $3.4B in ...
Toronto Star
Some of these rigs appear to have been shifted to Chesapeake's liquids-rich acreage, including the Anadarko Basin and Eagle Ford shale, among others. As a result of its continued ramp-up in these areas, Chesapeake increased expectations for its liquids ...
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Environmental Drilling Names Technical Sales Rep
E&P
He will be responsible for managing existing client relations while advancing the company's expanding services in the Eagle Ford shale. Previous to joining EDS, he founded Gulf Way Specialties, a strategic advertising specialty company. ...
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Enterprise Products Partners L.P. Reports Operating Results (10-Q)
GuruFocus.com
Revenues from the remainder of our midstream services increased $84.8 million period-to-period largely due to increased natural gas production volumes from the Eagle Ford Shale supply basin, which resulted in higher natural gas processing and pipeline ...
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How to play America's fourth biggest oil producing state
Stockhouse
When the Barnett Shale gas play in Texas was first drilled, drilling started out slow, but then ramped up rapidly once the size and scope of the play was fully understood. The same thing is happening in the Bakken formation. ...
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Quicksilver Gas Services LP Reports Operating Results (10-Q)
GuruFocus.com
We are a growth-oriented publicly traded Delaware master limited partnership engaged in gathering, compression, processing and treating of natural gas and delivery of NGLs produced in the Barnett Shale, Fayetteville Shale, Avalon Shale and in Granite ...
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EV Energy Q3 Profit Surges - Quick Facts
RTT News
The guidance includes the previously announced Mid-Continent area, Ohio and Barnett Shale bolt-on acquisitions that were recently completed and the two Barnett Shale acquisitions that are expected to close prior to year-end 2011. by RTT Staff Writer.
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EV Energy Partners Announces Third Quarter 2011 Results and Updated Fourth ...
MarketWatch (press release)
The following table presents updated guidance for the fourth quarter of 2011, including the previously announced Mid-Continent area, Ohio and Barnett Shale bolt-on acquisitions that were recently completed and the two Barnett Shale acquisitions that ...
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Challenger Energy soars 28% as preparations to test Texan shale formation nears
Proactive Investors Australia
The prospect to be drilled contains two of the premier shale formations in the US – the Woodford and Barnett shales – in geological extensions of the core producing areas in the Arkoma and Fort Worth Basins. The key well on the Mercury Stetson Prospect ...
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Proactive Investors Australia
Sugar never tasted this sweet
Herald Sun
Its Mercury Stetson prospect contains two of the most fabled shale zones in the US -- the Woodford and Barnett shales -- and the latest re-drilling campaign will prove whether Challenger can get them flowing significant gas like they have for other ...
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Chesapeake Midstream Partners, L.P. Reports Financial Results for the 2011 ...
MarketWatch (press release)
The increase in throughput was driven by the Haynesville Springridge gas gathering system acquired in December 2010 and strong well-connect performance in both the Barnett Shale and Mid-Continent regions. The Partnership connected 146 new wells to its ...
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UT study: No direct tie between fracking and groundwater contamination
The American Independent
The setting for today's announcement is appropriate not only because the Barnett Shale around Fort Worth is where the combination of fracking and horizontal drilling was first widely adopted, and home to Chesapeake Energy's fracking tourism center. ...
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NOK, PBR, JEF, CHK, FCX - Stocks to watch at NYSE
Retirement Planning
The Company focuses on discovering and developi ng unconventional natural gas and oil fields onshore in the United States, primarily in the Barnett Shale in the Fort Worth Basin of north-central Texas, the Haynesville and Bossier Shales in northwestern ...
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Aztec Announces Another Successful Well in the Blue Ridge Field
MarketWatch (press release)
Additionally, the dynamics of the new oil sales pricing formula should give revenues a very nice push." Aztec is an experienced oil and gas exploration, development and production company focusing on Texas plus other areas of the US Its interests are ...
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Oil and gas agency changes gun policy
Fort Worth Star Telegram
The commission regulates the oil and gas industry in Texas. The new policy will allow properly licensed employees to carry concealed weapons. They had been prohibited from doing so on state property and in state-owned vehicles. ...
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Baron Energy, Inc. to Present at the Southwest Investment Association ...
MarketWatch (press release)
Baron Energy, Inc. /quotes/zigman/3308502 BROE -31.11% is an independent oil and gas production, exploitation, and exploration company headquartered in New Braunfels, Texas, with producing assets in the prolific oil producing Permian Basin of West ...
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Alamo Energy Announces Sale Of Three Texas Wells
Oil and Gas Online
(OTCBB:ALME), an independent company focused on the exploration, development and production of onshore oil and gas reserves in the United Kingdom and United States, today announced that it has completed the sale of non-core assets in Texas, ...
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Insight: Ammunition and railcars aid US metal demand growth
Reuters
Eric Letz has doubled his staff in 18 months at the Fort Worth, Texas-based fabrication business Willbanks Metals Inc. Demand for steel parts and products used in oil and gas extraction has seen strong growth due to the boom in drilling. ...
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Willbros Group Focuses on Opportunities in Pipeline Integrity and Canadian Oil ...
MarketWatch (press release)
... Texas) -- Willbros Group Incorporated /quotes/zigman/392158/quotes/nls/wg WG -3.98% (Houston, Texas), which provides design, construction and management services in the oil & gas, petrochemical and power industries, yesterday reported third-quarter ...
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Enbridge Reports Third Quarter Adjusted Earnings of $241 Million or $0.32 Per ...
MarketWatch (press release)
Material assumptions include assumptions about: the expected supply and demand for crude oil, natural gas and natural gas liquids; prices of crude oil, natural gas and natural gas liquids; expected exchange rates; inflation; interest rates; ...
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10-Q: PRIMEENERGY CORP
Middle East North Africa Financial Network
We are an independent oil and natural gas company engaged in acquiring, developing and producing oil and natural gas. We presently own producing and non-producing properties located primarily in Texas, Oklahoma, West Virginia, the Gulf of Mexico, ...
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Evolution Petroleum Reports Fiscal 2012 First Quarter Results
MarketWatch (press release)
The 89% improvement in net income attributable to common stockholders over Q4-11 was due to a 23% improvement in oil and gas revenue and a 4% decrease in total operating costs. Q1-12, Q4-11 and Q1-11 results included non-cash, stock-based compensation ...
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Energy Company Apache Picks tw telecom to Connect Texas, Oklahoma Locations
TMC Net
By Tammy Wolf, TMCnet Web Editor Leading independent oil and gas exploration and production company Apache Corp., has tapped business Ethernet provider tw telecom (News - Alert) to deliver a fully-meshed, 10Gbps, multi-point business Ethernet network ...
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5 Stocks Poised To Increase Profits In 2012
Seeking Alpha
ATP Oil and Gas Corp (ATPG) is well positioned to make serious cash into 2012. ATPG is an exploration and production (E&P) based in Houston, TX, and operates primarily in the Gulf of Mexico, the United Kingdom, and Dutch territories of the North Sea. ...
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Texas Digest: Railroad Commission lets workers carry guns on job; Jeffs bishop ...
Austin American-Statesman
The Railroad Commission of Texas, which regulates oil and gas wells, has voted to allow employees to pack a weapon as they conduct agency business. Spokesman Casey Haney said the commission approved a policy change Tuesday that will allow workers who ...
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ATP Announces Third Quarter 2011 Results
MarketWatch (press release)
Oil and gas production for the third quarter 2011 was 2.2 million barrels of oil equivalent (Boe), or 24200 Boe per day, compared to 1.9 MMBoe (21100 Boe per day) for the third quarter 2010, reflecting a 15% increase. Revenues from oil and gas ...
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Oil boom in North Dakota overwhelming rural towns
WFAA
The North Dakota oil and gas industry says the state is on pace to be become the number two oil producing state in America, second only to Texas. But, things have grown so fast in such a short period of time, they are starting to have problems they ...
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Oil & Gas Investing: all the questions I ask when looking at an Oil and Gas ...
Stockopedia
Most oil fields are intermediate (though some like to call their crude light anyway like Saudi Arabia), with the two bench mark oil prices -- Brent Crude and Western Texas Intermediate (WTI) -- being intermediate. This means that anything lower than a ...
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Stockopedia
Alamo Energy sells three production wells in Texas
Energy Business Review
Oil and natural gas firm Alamo Energy has completed the sale of non-core assets in Texas, consisting of three production wells. The company acquired a 75% working interest in these wells in 2009 and the wells are located on a 110-acre parcel in West ...
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TPG Backing Natural-Gas Venture With as Much as $1 Billion
BusinessWeek
TPG, based in Fort Worth, Texas, and rival private-equity firms including KKR & Co. and Blackstone Group LP are increasing gas investments in anticipation prices will rise as the gap to the cost of oil narrows. The firms are raising money to buy mature ...
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Schlumberger in Russian Joint Venture Deal
New York Times
By MARK SCOTT Mike Fuentes/Bloomberg NewsA Choice Exploration roughneck works on a Schlumberger oil and natural gas well in Liberty County, Texas in 2007. LONDON — Integra, a Russian oil services group, announced plans on Wednesday to spin off a joint ...
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New York Times
Lease sales would be first since 2008
NewsOK.com
By DINA CAPPIELLO Leave a comment WASHINGTON — The Obama administration cautiously offered up more areas in the Gulf of Mexico and off Alaska's coast to oil and gas drilling Tuesday, but didn't go far enough to satisfy Republicans pushing to greatly ...
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BP: Oil giant must show the way with rigor
Houston Chronicle
Photo: Win McNamee / 2010 Getty Images Like many others, we have mixed feelings about the likely return of BP to oil and gas production in the Gulf of Mexico. This had better not be the same old BP that had a deserved reputation for arrogance and ...
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PMFG, Inc. (Parent of Peerless Mfg. Co.) and CEFCO Global Clean Energy, LLC ...
MarketWatch (press release)
The 6000 lb/hr CEFCO prototype unit has been tested by PMFG using the exhaust gas from an oil fired boiler at its facilities in Wichita Falls, Texas. The exhaust gas was artificially modified by adding particulate and SOx to allow for simulation of ...
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Total says looking for more shale in the US
Reuters
The company, which has a joint venture with Chesapeake Energy in the Barnett Shale in Texas, will examine all of its options for a deal, Bannerman said. Crude oil and natural gas liquids currently fetch much higher prices than dry gas, ...
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Fox Wildly Inflates The Number Of Jobs Keystone XL Pipeline Might Create
Media Matters for America
From the November 2 edition of Fox Business' Follow The Money: ERIC BOLLING (host): While new oil and gas jobs could help the recovery, protesters are trying to stop the expansion of multi-million dollar Keystone pipeline. Activists planning to hold ...
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US at cusp of natural gas revolution?
UPI.com
The United States sits on some of the largest deposits of shale natural gas in the world. T. Boone Pickens, a Texas oil magnate, said abundant gas reserves in the United States make the country the "Saudi Arabia of natural gas. ...
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Middle East oil producing countries will invest US$525 billion on energy ...
Business Intelligence Middle East (press release)
With strong demand for upstream oil and gas projects, power generation, and desalination, key markets in the UAE, Saudi Arabia, Qatar and Kuwait are driving growth for the multi-billion dollar turbo Machinery & pumps industry, despite setbacks in other ...
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Business Intelligence Middle East (press release)
Hot Hedge Fund Activity: New Energy Stock Positions of This Top Fund
Wall St. Cheat Sheet
About the company: Carrizo Oil & Gas, Inc. explores for and produces natural gas and crude oil. The Company develops and exploits onshore properties along the Texas and Louisiana Gulf Coast regions. (Note: Data regarding Thomas Weisel Partners Asset ...
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Suncor Energy to spend $7.5 billion in 2012, boost crude production
Winnipeg Free Press
Late Tuesday, Suncor confirmed that figure, up from last year's $6.7 billion, but lower than some may have expected given how flush with cash Canada's largest oil and gas company is. "Planned capital investments in 2012 are in line with our strategy to ...
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Woodbine Acquisition Corporation Announces Conference Call for Financial ...
SunHerald.com
Woodbine Acquisition Corporation is an oil and natural gas company engaged in the acquisition, development, exploitation and production of crude oil and natural gas properties in Texas. Sunherald.com encourages an open exchange of affirming and ...
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Adino Announces 300 Acre Lease Acquisition
MarketWatch (press release)
This represents yet another step toward building Adino into a great independent oil and gas E&P company," McAdams concluded. Adino Energy Corporation (otcqb:ADNY) /quotes/zigman/503709 ADNY +11.36% is an emerging oil & gas exploration and production ...
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Is natural gas just hot air?
Bizjournals.com (blog)
These sparkles can be seen in a variety of spots around town where an oil refinery is present and flaring off natural gas as a by-product of the refining process. Natural gas is now in such abundance in the United States that we can burn it off of ...
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Earthstone Energy Reports 2nd Quarter Results
MarketWatch (press release)
Earthstone Energy, Inc. is a growth-oriented independent oil and gas exploration and production company with primary operations in the Williston Basin, the Denver-Julesburg Basin, southern Texas and the Gulf Coast area. Earthstone is currently traded ...
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Forest Oil Corp. Reports Operating Results (10-Q)
GuruFocus.com
Normal fluctuations occur in the percentage between periods based upon the timing of approval of incentive tax credits in Texas, changes in tax rates, and changes in the assessed values of oil and gas properties and equipment for purposes of ad valorem ...
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Chicago Bridge & Iron Company's CEO Hosts Investor Day - Conference Call ...
Seeking Alpha
And as you can see, we certainly are a key player in the oil and gas business with pretty broad diversification in that quadrant. Not the biggest, but our goal is not size. Although there is an optimum mix that we'd like to look at in terms of our ...
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