All content is (c) Texas Online Radio ~ 2011 or respective artist. / Not available for reprint or circulation without proper approval and/or syndication rights. Site best viewed full screen. F11 ~ If you'd like to leave a comment, click on the post header or scroll to the bottom of the post. Take your time, enjoy the site! Thanks.

Words of Wisdom

"Time is what we want most, but what we use the worst."
~William Penn

Thursday, November 10, 2011

Texas Oil and Gas - News/Information - 11.10.2011

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Texas Oil and Gas  -  News and Information
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 Eagle Ford Shale, Barnett Shale, Austin Chalk
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Austin Exploration commences drilling on Eagle Ford Shale, Texas
Proactive Investors Australia
Austin Exploration (ASX: AKK) has kicked off the company's largest ever drilling project at the Eagle Ford Shale Project in Burleson County, Texas. Drilling of the Krueger #1 well began on Tuesday November 8, with drilling at a depth of about 137 ...
See all stories on this topic »

Proactive Investors Australia
Mitsui likely to continue buying U.S. shale assets
MarketWatch
's /quotes/zigman/598269/quotes/nls/sm SM +3.40% assets in the Eagle Ford shale in Texas. Chesapeake said last week that an "undisclosed international major energy company" has signed a letter of intent to pay $2.14 billion for a 25% minority stake in ...
See all stories on this topic »
Marathon Petroleum Corp (NYSE: MPC) May Soon Be the World's Richest Refiner
Money Morning
It's negotiating with pipeline companies to use its Texas refinery to process more crude from the new Eagle Ford Shale. The new Eagle Ford is unconventional shale oil that's extremely light, and can be mixed with another cheap blend - a heavy, ...
See all stories on this topic »
10-Q: HECKMANN CORP
Middle East North Africa Financial Network
In addition, we have approximately 23 operating salt water disposal or underground injection wells in the Haynesville and Eagle Ford Shale areas which have a combined permitted salt water disposal capacity of approximately 368000 barrels per day. ...
See all stories on this topic »
Dawson Geophysical CEO Discusses F4Q 2011 Results - Earnings Call Transcript
Seeking Alpha
We have a balanced portfolio of oil and natural gas projects in the Eagle Ford Shale, Niobrara Shale, Avalon Shale, Bakken Shale, Marcellus Shale, Barnett Shale and along with the Permian Basin and Mid-Continent regions. ...
See all stories on this topic »
US Cash Crude - Grades weaken as WTI gains in spreads
Reuters
Among the shale oils, Eagle Ford crude dealt for $12 a barrel over WTI while Bakken sold for $1.75 under, traders said, citing transportation costs for the difference. The US Energy Information Administration reported big drawdowns in crude and ...
See all stories on this topic »
Coleman to take post in Yoakum
The Gonzales Cannon
“We are presently negotiating with 140 cities, mainly located in the Eagle Ford Shale trend. Our goal is to get drilling companies to use the effluent water rather than freshwater for fracking.” The proposed contract would run for five years with an ...
See all stories on this topic »
Community News Briefs: Nov. 10
The Gonzales Cannon
The DeWitt County Sheriff's Office will be hosting an organizational meeting of stakeholders whom are interested in or impacted by the recent increase in traffic caused primarily by the Eagle Ford Shale play in DeWitt and surrounding counties. ...
See all stories on this topic »
Crimson Exploration Announces Third Quarter 2011 Financial Results
MarketWatch (press release)
As previously announced, Crimson increased its total 2011 capital budget by 30% to an estimated $78 million to accelerate oil weighted drilling activities in the Eagle Ford Shale. Year to date, Crimson has invested approximately $61.5 million in its ...
See all stories on this topic »
Pioneer Natural Resources (PXD) Jumps 5.9% on Favorable Note from Goldman
Market Intelligence Center
Analysts at Goldman Sachs said the company is among the top firms to benefit from growth in the Eagle Ford and Wolfcamp shale plays in Texas and Pennsylvania's Marcellus shale. Technical indicators for the stock are bullish and S&P gives PXD a positive ...
See all stories on this topic »
Potential oil, products exports drive Texas Gulf Coast terminal projects
Oil & Gas Journal
Eagle Ford shale production to the HSC (OGJ Online, May 5, 2011). Oiltanking, meanwhile, approved expansion projects to construct two oil pipelines in the HSC and about 1 million bbl of oil storage capacity at its Houston terminaling facility. ...
See all stories on this topic »
Apartment experts fear too much building in Victoria
Victoria Advocate
"There is usually a high demand for multi-family housing in areas supporting oil and gas activity, and it appears you are just seeing some catch-up for the Eagle Ford Shale," Perryman said. "For now, I'd say take a deep breath and enjoy the good things ...
See all stories on this topic »

Victoria Advocate
Flotek Industries, Inc. Announces Third Quarter 2011 Results, Provides ...
MarketWatch (press release)
Market share growth in both sales and rentals in regions such as the Permian Basin and the Eagle Ford shale play continue to benefit Flotek. In addition, growth in motor sales and our proprietary Teledrift Measurement While Drilling (MWD) product ...
See all stories on this topic »
Austinites and Texans Spending More, Sales Tax Numbers Show
KUT News
The city that saw the largest percentage increase in sales tax revenue last month was Asherton, a small community in South Texas that has become a boom town because of hydraulic fracturing for natural gas in the Eagle Ford Shale. ...
See all stories on this topic »
Enerflex Reports Third Quarter 2011 Financial Results and Announces Quarterly ...
Stock Markets Review
Booking activity has increased in this region during 2011 driven predominantly by the Eagle Ford and Marcellus shale gas basins. As a result, the decrease in revenues in the first nine months of 2011 is related to timing of project deliveries which are ...
See all stories on this topic »
Shell sees strong interest in proposed reversal of Louisiana-to-Houston pipeline
Hydrocarbon Processing
Those crudes include the domestic crude oil production increases in Texas and the mid-continent including the Barnett, Eagle Ford, and Bakken shale plays, as well as the growing crude supplies in the Cushing, Okla. area. Additionally, the Ho-Ho ...
See all stories on this topic »


TEXAS GAS EXPLORATION CORPORATION v. LAFOURCHE REALTY COMPANY, INC.
Leagle.com
Texas Gas Exploration Corporation ("Texas Gas") named Lafourche Realty Company ("Lafourche Realty") and the State Mineral Board of the State of Louisiana ("the State") as defendants. The concursus proceeding involved multiple oil, gas, ...
See all stories on this topic »
A. M. Castle & Co. to Expand Presence in Oil & Gas Industry with Acquisition ...
MarketWatch (press release)
... has announced today that it has executed a definitive agreement to acquire Houston, TX - based Tube Supply, Inc. (Tube Supply), a leading value-added distributor of specialty tubular and bar products for the oil and gas industry. ...
See all stories on this topic »
Escopeta looks to 2013 gas delivery
Kenai Peninsula Online
By Molly Dischner More Cook Inlet natural gas could hit the market by 2013 if Escopeta Oil Co.'s estimates prove up, but getting from exploration to production will require the company to clear a few more hurdles. Escopeta, a Texas-based independent ...
See all stories on this topic »
Study Warns Louisiana Oil and Gas Industry May Be At Risk
The Pelican Post
Including the Outer Continental Shelf, Louisiana is a top producer of oil in the US, second behind Texas in refining and is the third largest producer of natural gas behind Texas and Wyoming. For Louisiana, the oil and gas industry generated more than ...
See all stories on this topic »
ERF Wireless Secures $3000000 in Debt Financing From Dakota Capital Fund LLC
MarketWatch (press release)
The funding will be utilized by ERF Wireless to quickly expand its Energy Broadband subsidiary's presence in the major oil and gas exploration regions of North America. The financing package provides for immediate access to $2000000 and ERF Wireless ...
See all stories on this topic »
Oil and gas industry ready to add jobs
The Detroit News
Each is expected to grow anywhere from 9 percent to 11 percent this year. Nine of the 11 fastest growing jobs in the US are related to the oil and gas industry. These jobs are not just in Texas and Oklahoma, as might be expected. ...
See all stories on this topic »
Texas: Apache gauges oil, gas in Cline shale lateral
Oil & Gas Journal
s Permian Region said its first horizontal Cline shale horizontal well in Deadwood field of Glasscock County, Tex., was “somewhat disappointing” but its second well came in at 325 b/d of oil and 320 Mcfd of gas after a 10-stage slickwater frac. ...
See all stories on this topic »
Natural gas is venture's focus
Houston Chronicle
Hupecol operates oil and gas exploration and production assets in Colombia. Hart is a former development officer for El Paso Corp.'s exploration and production business, overseeing more than $2.5 billion in acquisitions and $1 billion in asset sales. ...
See all stories on this topic »
Magnum Hunter Resources narrows 3 Q loss
BusinessWeek
Magnum Hunter Resources develops oil and natural gas wells primarily in West Virginia, North Dakota, Texas, and Louisiana. It produced 5270 barrels of oil equivalent on a daily basis during the quarter, nearly triple the 1308 barrels of oil equivalent ...
See all stories on this topic »
BCM Production and Reserve Quarterly Update
Sacramento Bee
9, 2011 -- /PRNewswire/ -- BCM Energy Partners, Inc., (OTC: BCME) is an acquisition company focused on acquiring and developing distressed oil and gas fields in onshore Texas, Louisiana and Mississippi. University Field, BCM's first acquisition (July ...
See all stories on this topic »
Railroad commission hopeful Chisum reveals fundraising team
Amarillo.com
The list also includes energy industry heavyweights from the Texas Panhandle and across the state, particularly former Texas Railroad Commission chairman Victor Carrillo and former Perryton Mayor Harold Courson, founder of Courson Oil and Gas Inc. in ...
See all stories on this topic »
US to Delay Keystone Pipeline Decision
Wall Street Journal
The delay is a temporary win for environmental groups, who have pressed the administration to deny the request by TransCanada Corp. to construct a pipeline from Alberta to Texas. The move is likely to anger the oil and gas industry, which has urged the ...
See all stories on this topic »
Palliser Oil & Gas Corporation Reports Third Quarter 2011 Results
Middle East North Africa Financial Network
These prices are for production sold into the Western Canadian Select ("WCS") stream and include the heavy oil differential to West Texas Intermediate (WTI). Year end net debt, currently forecasted to total $27 million, is expected to be reduced ...
See all stories on this topic »
Adino Energy acquires 300 mineral acres in Texas
Energy Business Review
Oil and gas exploration and production firm Adino Energy has acquired 300 mineral acres in Coleman County in the US state of Texas. The acreage includes over 130 potential drilling locations, many of which are expected to be highly prospective. ...
See all stories on this topic »
Abraxas Reports Third Quarter 2011 Results
MarketWatch (press release)
Abraxas Petroleum Corporation is a San Antonio based oil and gas exploration and production company with operations across the Rocky Mountain, Mid-Continent, Permian Basin and onshore Gulf Coast regions of the United States and in the province of ...
See all stories on this topic »
OTCtipReporter.com: Baron Energy, Inc. (Pink Sheets: BROE), Goldstrike ...
Middle East North Africa Financial Network
Baron Energy, Inc. BROE 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 Texas and North Central Texas. ...
See all stories on this topic »
Sonde Resources Corp. Announces Third Quarter 2011 Financial and Operating ...
MarketWatch (press release)
On June 8, 2011 Sonde announced that Ryder Scott, independent engineering consultants, had prepared a report in compliance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities in which it attributed total Discovered ...
See all stories on this topic »
Apartheid Oil
The Media Co-op
The license was granted under the Oil Law, said Tishler, which is essentially a free entry law dating from 1952, which prioritzes oil and gas exploration over farms, parks or historical sites. “The area could be ruined completely. ...
See all stories on this topic »
Drillers see NY ban on 'fracking' as a positive
Buffalo News
“The regulators may be our best friends,” Halloran, an analyst at Ohio-based Russell Energy Advisors, said during the Independent Oil and Gas Association of New York's annual meeting Wednesday in Amherst. The reason: Natural gas prices have dropped by ...
See all stories on this topic »
Saratoga Resources, Inc. Reports Financial and Operating Results for the 2011 ...
MarketWatch (press release)
-- Oil and gas revenues of $18.9 million for third quarter 2011 compared to $13.2 million in the third quarter 2010; oil and gas revenues of $53.5 million for the first nine months of 2011 compared to $38.3 million for first nine months of 2010. ...
See all stories on this topic »
Sany Crawler Cranes Perform Twin Lift on Texas Oil Rig
Lift and Access
“Every rig we move weighs a million pounds or more, and every piece of equipment we have needs to operate in the tough demands of the oil and gas fields,” said Marty Benton, assistant terminal manager with 5J's West Texas Division. ...
See all stories on this topic »

Lift and Access
Water in Texas
The Economist
The town of Big Spring, up the road from the oil hub of Midland, is planning to recycle wastewater for drinking; two of the reservoirs that supply the city are almost empty. The severe drought that has parched most of the state this year shows no signs ...
See all stories on this topic »
10-Q: TIDELANDS ROYALTY TRUST B
Middle East North Africa Financial Network
The Trust is not permitted to engage in any business activity because it was organized for the sole purpose of providing an efficient, orderly and practical means for the administration and liquidation of rights to interests in certain oil, natural gas ...
See all stories on this topic »
EDITORIAL: No offshore drills without good deal
istockAnalyst.com (press release)
10--The Obama administration's decision to postpone drilling for oil and gas off Virginia saves the commonwealth from its own short-sighted politicians. But don't expect much thanks from Richmond. On Tuesday, the administration said it would open new ...
See all stories on this topic »
ProSep Reports 2011 Third Quarter Financial Results
MarketWatch (press release)
Concluded an important distribution agreement with Flint Energy Services Ltd., a leading Canadian-based unconventional oil and gas service and equipment supplier. -- Concluded the Company's first contract for its newly introduced seawater treatment and ...
See all stories on this topic »
C&J Energy 3Q Profit Soars On Growing Demand For Fracking
Wall Street Journal
C&J Energy Services Inc.'s (CJES) third-quarter profit more than tripled as the oil-and-gas field services company saw growing demand in its hydraulic fracturing unit. Shares rose 7.4% to $20.75 after hours on the stronger-than-expected results. ...
See all stories on this topic »
The Morning Leverage: TruckPro Makes Another Private Equity Stop
Wall Street Journal (blog)
Hughes has led ventures, including his family business Dan A. Hughes Company LP, which engages in the exploration, development and operation of oil and gas fields. Hart most recently was the senior corporate development officer for El Paso Corp. ...
See all stories on this topic »
ITC Global Completes Successful Acquisition of Broadpoint's Satellite Division
MarketWatch (press release)
The acquisition unites Broadpoint's industry experience and established customer base with ITC's global coverage and resources to create a comprehensive VSAT communications solution for the oil & gas market. The acquisition firmly establishes ITC as ...
See all stories on this topic »
Texas, Lubbock Sales Tax Revenue Increases for October
News/Talk 790 KFYO
State sales tax revenue was $1.87 billion, a 15.9 percent increase from October 2010, according to Texas Comptroller Susan Combs. “Strong growth in business sectors such as the oil and natural gas industry boosted sales tax revenue for yet another ...
See all stories on this topic »
Enough is Enough, It's Time to Revamp the Tax Code
Fox Business
By the way, the tax breaks these oil companies get led to the shale gas boom in the US when Texas businessman George Mitchell used a tax break to discover how to horizontal drill the Barnett Shale in Texas. Again, big business buying off our government ...
See all stories on this topic »



Carrizo's quarterly production increases 31%
Gas Business Briefing
"Production performance from new and recently completed wells in all our areas of operation continues to meet or exceed our expectations, as we brought on five gross Eagle Ford Shale, two Niobrara Formation and eight Barnett Shale wells in the third ...
See all stories on this topic »
UT study: No direct link between fracking and water contamination
Fort Worth Star Telegram
The audience included oil and gas industry representatives and city officials who regulate drilling in North Texas' Barnett Shale. The $300000 study is being funded by UT's Energy Institute. Groat said a final report is expected to be issued in the ...
See all stories on this topic »

Fort Worth Star Telegram
Moved Below Lower Bollinger Band - APU, CHKM, CYD, DCO, GU
Retirement Planning
Its gathering systems operate in its Barnett Shale region in north-central Texas, its Haynesville Shale region in northwest Louisiana and its Mid-Continent region, which includes the Anadarko, Arkoma, Delaware and Permian Basins. ...
See all stories on this topic »
Total seeking to increase U.S. shale footprint
MarketWatch
Last year, Total signed a $2.25 billion joint venture agreement to buy a 25% stake in Chesapeake Barnett Shale in Texas. "We have learned a lot from Chesapeake. They know what they are doing," Bannerman said. Shale oil and gas production is ...
See all stories on this topic »
Total on the hunt for more US shale play investments
Gas Business Briefing
"With shale gas operations, you need to control your D & C costs," Bannerman says, during the America Gas Association-sponsored, CWC Group-produced conference, monitored by Gas Business Briefing. Total's JV with Chesapeake involves 260000 Barnett Shale ...
See all stories on this topic »
EV Energy Partners' Earnings Look Impressive
Motley Fool
The trusted Barnett shale play has played a stellar role here. Acquiring long-lived assets with shallow depletion rates has been this company's forte and this strategy seems to be proving effective. Natural gas production rose substantially, by 48%, ...
See all stories on this topic »
Marcellus forum provides answers
Clearfield Progress
Dougher said the Marcellus shale formation is approximately 10 times the size of the Barnett formation in Texas and is estimated to be the second largest natural gas output in the world. In Clearfield County, 76 new permits were issued and 39 new wells ...
See all stories on this topic »
Quicksilver Resources Inc. Reports Operating Results (10-Q)
GuruFocus.com
A 28% increase in natural gas volume from our Barnett Shale Asset was primarily the result of wells tied into sales lines since the 2010 quarter. Canadian natural gas production increased because of an 11 MMcfd production increase from our Horn River ...
See all stories on this topic »
Notable Put Options Activity in EV Energy Partners
Benzinga
As of December 31, 2010, its properties were located in the Barnett Shale, the Appalachian Basin, the Mid-Continent areas in Oklahoma, Texas, Arkansas, Kansas and Louisiana, the San Juan Basin, the Monroe Field in Northern Louisiana, the Permian Basin, ...
See all stories on this topic »
Shell to seek binding commitments on Ho-Ho oil line
Reuters Africa
The reversal would send crude from rising shale plays in Texas and North Dakota, including the Bakken, Eagle Ford, and Barnett areas, across the 300 miles (483 km) to refineries along the Texas and Louisiana coast. The reversal, expected to begin in ...
See all stories on this topic »
Apache Corp. honored by Midland Wildcat Committee
My West Texas
Unconventional shale plays, whether oil shales in Wolfberry or Bone Spring in the Permian Basin, the Eagle Ford in South Texas or the Bakken in North Dakota and Wyoming, or natural gas in the Barnett, Haynesville or Marcellus, have revitalized oil and ...
See all stories on this topic »


Clayton Williams launches new pipeline project
My West Texas
His drilling company, Desta Drilling, has a rig at work in the Austin Chalk, one in Louisiana, one in Andrews County and two headed from the yard to Reeves County. In Reeves County, he currently has eight rigs at work with 11 at work by the end of the ...
See all stories on this topic »
EV Energy Partners' CEO Discusses Q3 2011 Results - Earnings Call Transcript
Seeking Alpha
In the Austin Chalk we're on pace to drill our targeted 18 wells during 2011. We brought on four wells during the quarter, one in late July and three in late September. We have brought on three more in October. So again, a lot of these wells really ...
See all stories on this topic »


No comments:

Post a Comment