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Tuesday, November 15, 2011

Texas Oil and Gas - News/Information - 11.15.2011

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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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Many Eagle Ford shale jobs, but few qualified workers
Houston Chronicle
By VICKI VAUGHAN, STAFF WRITER There are jobs in abundance in the Eagle Ford shale area, but a group of employers said Monday that it isn't easy to find qualified workers. The employers got re-assurance Monday from officials with the Texas Workforce ...
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5 Best Investments In Bakken Shale Oil
Seeking Alpha
The company is focusing on the Bakken and Eagle Ford shale plays: Clearly the company is putting a priority on oil production over natural gas. Learn more by reading the latest quarterly earnings release (pdf). The company has a market cap of $672 ...
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Eagle Ford, Barnett combo bolster Copano's third quarter
Gas Business Briefing
Eagle Ford and Barnett Shale operations and a strong NGL environment boosted Copano Energy LLC's third quarter results. Copano's Texas Midstream segment's throughput volumes for the Eagle Ford and north Barnett Shale combo increased 25% and 41%, ...
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UTSA Small Business Development Center opens office in Carrizo Springs
UTSA Today
The public is invited to attend the special ceremony and listen to presentations on small business opportunities within the Eagle Ford Shale area. The Eagle Ford Shale, believed to have one of the most significant oil and gas deposits in the country, ...
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Senate Energy and Natural Resources Committee Hearing
Middle East North Africa Financial Network
Today, we are also a key player in liquids-rich like the Eagle Ford Shale in south Texas and the Utica Shale in Ohio, Pennsylvania and other eastern states. We are very proud that our company is America's leader in high-potential deep shale gas ...
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Make Way for Chesapeake
Motley Fool
... TOT ) for Barnett Shale play, BHP Billiton (NYSE: BHP ) for Fayetteville Shale, Statoil (NYSE: STO ) for Marcellus Shale, Plains Exploration and Production Company (NYSE: PXP ) for Haynesville Shale, and CNOOC (NYSE: CEO ) for Eagle Ford Shale. ...
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Total Signals More Deals Coming In The U.S. Energy Space
Seeking Alpha
El Paso's E&P assets are being sold off as part of Kinder Morgan's (KMI) purchase of El Paso, and include acreage in the Eagle Ford Shale, Wolfcamp Shale, Haynesville Shale, Altamont Shale and shallow waters in the Gulf of Mexico. ...
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Goldman Sachs Adds Pioneer Natural Resources (PXD) to Conviction Buy List
StreetInsider.com (subscription)
The firm sees attractive risk/reward as they expect rising production from its 3 key plays - Spraberry the Eagle Ford Shale and now the Wolfcamp Shale. This will drive top-tier production growth in 2012 and beyond, the firm notes. ...
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Carrizo Oil & Gas Prices $200 Million Offering of 8.625% Senior Notes
MarketWatch (press release)
About Carrizo Oil & Gas, Inc. Carrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, exploitation, and production of oil and natural gas from unconventional plays primarily in the Eagle Ford Shale in ...
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Correction - Canaccord Genuity Reiterates a 'Buy' on Comstock Resources (CRK ...
StreetInsider.com (subscription)
We reiterate our BUY rating on CRK shares as we believe the market is significantly underestimating the economic impact of the company's '12 transition to liquids production driven by the Eagle Ford Shale...We see a compelling value opportunity as CRK ...
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Analysts Upgrades And Downgrades: HW, IDIX, PXD, AMRI, CHKM
istockAnalyst.com (press release)
The firm expects rising production from Pioneer's three key plays - Spraberry, the Eagle Ford Shale and now the Wolfcamp Shale. Analysts believe this will drive top-tier production growth in 2012 and beyond. Shares of PXD were down 0.44 percent, ...
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Anadarko Announces Major Colorado Discovery
Benzinga
Anadarko's disclosure could vault Colorado's Wattenberg field into the ranks of major oil developments in the United States along side the Bakken Shale in North Dakot and the Eagle Ford Shale in South Texas, according to the Wall Street Journal. ...
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Public workshops scheduled on I-35 improvements
San Antonio Express
As more freight traffic moves south to Laredo and over the border, or to the Eagle Ford shale, and with so many military personnel at SAMMC, “this corridor is literally bursting at the seams.” Two subsequent rounds of public meetings will follow this ...
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Forbes Energy Services Reports 2011 Third Quarter Results
MarketWatch (press release)
... and CEO of Forbes Energy Services Ltd. "I'm pleased with our industry leading position in the Eagle Ford shale and look forward to serving the needs of our customers as they geographically expand operations into other promising hydrocarbon basins. ...
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Niobrara: the next big shale play
Petroleum Economist
Anthea Pitt, LONDON: The liquids-rich Niobrara Shale may prove as prolific as the Bakken and Eagle Ford, if Anadarko's estimates for its Wattenberg field's unconventional potential are proved up. The US independent said earlier this week that initial ...
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Petroleum Economist
Citi rates BHP Billiton a 'buy' as firm reveals shale gas potential
Proactive Investors UK
"The company was upbeat on its three key regions of Fayetteville, Eagle Ford, and Hawkville, with Yeager reiterating that they have the best acreage available in the US," it said. "The key takeaways were that the company has considerable growth from ...
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Proactive Investors UK
American Standard Energy Corp Reports 1728% Quarterly Revenue Growth.
PR Newswire (press release)
"For the past year, the Company has focused on assembling the highest quality acreage in the Permian Basin, Eagle Ford, and Williston Basin." Feldhacker continued, "We are also looking forward to the full production of our Eagle Ford assets, ...
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Gordon Keith: Barnett Shale beats other Texan of the Year contenders
Dallas Morning News (subscription)
My nominee for Texan of the Year is the Barnett Shale. Nothing has affected North Texas as much as the discovery of natural gas in the Barnett Shale. A few years ago, we thought it meant nothing but money. Now we're starting to wonder if it also means ...
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How To Invest In The Shale Gas Boom
Seeking Alpha
In order to play the current shale gas boom, most investors look to the usual suspects – companies like Chesapeake Energy (NYSE: CHK) with resources in the rich shale gas fields of Barnett, Haynesville, Marcellus and Utica. Just the Utica region alone ...
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Heckmann Q3 Results Confirm Shale Strategy
Seeking Alpha
The company operates in some of the most prolific and high growth areas of the country, including the Eagleford, Barnett, Haynesville, Marcellus, and Utica shales. Heckmann provides water for the initial frack job on the well and then provides disposal ...
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Central Appoints New Coo & Update Suprise-1 ST1 Re-Entry
Your Oil and Gas News (press release)
Mr Hallgren is a well qualified manager and drilling engineer, having worked extensively, inter alia, in the Marcellus, Bakken, Haynesville and Barnett shale gas and shale oil plays in the USA. He had managed the drilling of numerous horizontal ...
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Fort Worth partnership led by Michael Mallick buying 110 N. Texas gas drilling ...
Fort Worth Star Telegram
At that time, Apple REIT Nine said it bought 113 properties totaling 417 acres in the Barnett Shale field in the four counties. A few of those properties were later repurchased by Chesapeake. The real estate investment trust, part of Apple real estate ...
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Algonquin Oil & Gas Limited Announces Executed Definitive Agreements Regarding ...
Benzinga (press release)
Mr. Jarvie is an analytical and interpretive organic geochemist with extensive experience in the evaluation of conventional petroleum systems around the world and in unconventional shale-gas exploration, particularly the Barnett Shale. ...
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Perry: Let's Make Congress Part Time, Like the Texas Legislature!
Burnt Orange Report
Both of those investments made headlines - the land because of its ties to sometimes-controversial Austin developer Gary Bradley, and the MKS partnership because of its interest in natural gas drilling in the Barnett Shale in North Texas, ...
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Fracking issues go much deeper
Albany Times Union
I want Americans living around the Bakken (Montana, North Dakota and parts of Canada) and Barnett (Texas) shale deposits to live free of contaminants as well. The above are the questions I'd like to see discussed. Then we can make a better decision on ...
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Austin Exploration Limited (ASX:AKK) Drilling Update on Eagle Ford Shale ...
ABN Newswire (press release)
Primary targets are the Eagle Ford formation, a hydrocarbon bearing sequence expected to be intersected at ~8700 feet, and the Austin Chalk, which is expected to be intersected at ~8300 feet. Other potential hydrocarbon bearing formations that are ...
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Caza Oil & Gas Announces Third Quarter Results and Provides Operational Update
MarketWatch (press release)
During the years 2010 and 2011, Singular Oil & Gas Sands, LLC ("Singular") agreed to participate in the drilling of the Matthys McMillan Gas Unit #2 and the OB Ranch #1 and 2 wells located in Wharton County, Texas. Under the terms of that agreement, ...
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Anadarko Raises Colorado Oil Tally
Wall Street Journal
By RUSSELL GOLD Anadarko Petroleum Corp. said that land it controls in northern Colorado may hold more than a billion barrels of recoverable oil and natural gas, the latest sign that US energy production is set to surge. The Woodlands, Texas-based ...
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Wall Street Journal
Victory Energy Announces Third Quarter Financial and Operating Results
MarketWatch (press release)
Its current portfolio of producing assets include the Adams-Baggett Canyon Sandstone Gas Field, the Jones County oil play, and the Tunis Creek (Bootleg Canyon) oil and gas project, all of which are located in established basins in Texas. ...
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Matador Resources files for IPO
BusinessWeek
Matador produces oil and gas in shale formations in Texas, Louisiana, New Mexico and the Rocky Mountains. Its near-term plans are focused on boosting production in the Eagle Ford and Haynesville areas of Texas and Louisiana, it said in a filing with ...
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Ways to Play U.S. Oil and Gas Shale Boom
Barron's
But the assets will be coveted by major oil and gas companies. It's our hope that the majors will continue to buy out stocks in the portfolio at substantially more than what they're valued at by the stock market today. Q: What makes natural gas from ...
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Caza Oil & Gas Announces Third Quarter Results and Provides Operational Update
Stock Markets Review
... in Wharton County, Texas, the Caza Elkins 3401 and 3402 wells in Midland County, Texas, and the Caza 158 #3 in Upton County, Texas. -- Revenues from oil and gas sales increased 152% to $995466 for the three-month period ended September 30, 2011, ...
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Eagle Ford Shale Offers More Than Oil Jobs
KSAT San Antonio
SAN ANTONIO -- The Eagle Ford Shale oil and gas field in South Texas is not only turning out energy, but it is also turning out job after job. "Last wee, we had a job fair in the area (and) we were able to offer 34 jobs on the spot,” said Adam Haynes, ...
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New Analyses Show Oil and Gas Industry Is Inflating the Job-Creating Potential ...
NorthcentralPa.com
-In Wise County, Texas, properties with fracking wells have lost 75 percent of their value. -In 2009, Pennsylvania regulators ordered the Cabot Oil and Gas Corporation to cease all fracking in Dimock, Pa., after three spills at one well within a week ...
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Citation Oil & Gas to be honored during Houston Northwest Chamber of Commerce ...
The Paper Magazine
Citation Oil & Gas, which is headquartered in Houston, has 510 employees with regional offices in Midland, Texas, Oklahoma City, Oklahoma, and Gillette, Wyoming. The company relocated its corporate office to a recently constructed 82000 square foot, ...
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The Paper Magazine
USI acquires Bossier-Haynesville natural gas gathering
Oil & Gas Journal
The 28-mile pipeline lies along the Texas-Louisiana border in the northwest corner of Sabine Parish, La., and transports gas for producers such as Eagle Oil & Gas Co. USI will build a 20-mile extension and expansion at its southern end, ...
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Oklahoma oil and gas drilling
Tulsa World
Love: HEP Oil GP LLC, Tims No. 1 Well, SE/4 NW/4 NE/4 SE/4 of 32-06S-02E, TD 8800 feet. Carter: Arbuckle Enterprises Inc., Graybill No. 1 Well, W/2 NE/4 NE/4 NW/4 of 02-03S-03W, TD 5620 feet. Carter: Citation Oil and Gas Corp., Lone Grove Deese Unit No ...
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Wright State gets $5 million grant
WHIO Radio
Houston, Texas-based Schlumberger Limited is providing the grant. The grant includes software which will help students understand the geological setting and flow of oil and gas reserves, and the flow of groundwater in aquifers. ...
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Strategic American Oil Corp. (SGCA) Reserves Report Confirms Company's Strategy
Beacon Equity Research
In addition, the report was released just prior to Strategic's acquisition of SPE Navigation I, LLC, a Texas based oil and gas exploration company. The acquisition included oil and gas working interests equal to one third of the working interests owned ...
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Have ATP's Shares Found Their Floor?
Wall Street Journal (blog)
By Ryan Dezember Shares of ATP Oil & Gas Corp. are having a good morning after losing more than 45% of their value in the previous four sessions as investors worried about the deep-water producer's ability to pay its bills next year. ...
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Alfaro Oil and Gas and President, Brian Alfaro are "Going Over the Edge' to ...
1888 Press Release (press release)
(1888PressRelease) November 14, 2011 - San Antonio, TX - Alfaro Oil and Gas and Brian Alfaro are helping to raise money to benefit Special Olympics Texas and urging others to get involved. Brian Alfaro and Alfaro Oil and Gas are "Going Over the Edge" ...
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1888 Press Release (press release)
Noble Energy Projects 17 Percent Growth In Output For Next Five Years
RTT News
(RTTNews) - Oil and gas producer Noble Energy, Inc. (NBL: News ) on Tuesday forecast its production to increase at a compound annual growth rate of 17 percent over the next five years, resulting in average daily production of 490 thousand barrels of ...
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Mexco Energy Corporation Reports Profitable Second Quarter
PR Newswire (press release)
Mexco Energy Corporation owns oil and gas properties in twelve states, with the majority of its activity centered in West Texas. The Company plans to continue to focus its efforts to increase oil and natural gas reserves through exploration and ...
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Ahead of the Bell: QR Energy
CBS News
(AP) NEW YORK — QR Energy is expected to produce less oil and gas than expected this year, and that will likely trim profits in 2011, according to a report by Robert W. Baird & Co. Analyst Ethan Bellamy on Tuesday downgraded QR Energy to "Neutral ...
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KOG, DNR, WMB, AVP, CNP - Stocks with potential upside
Retirement Planning
by Clinton Boldt on November 15, 2011 Kodiak Oil & Gas Corp (NYSE: KOG) fell -0.26%, to close at $7.69 and its overall traded volume was 6.59M shares during the last session with the total traded volume of 7.13M shares. KOG shares were trading within ...
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Oklahomans ask: What's causing these quakes?
Los Angeles Times
Some suspect it's all those oil and gas wells, though there's little hard evidence. Geologists are scrambling to find answers. Katie Keranen, a University of Oklahoma geologist, digs a hole for a seismometer in Meeker, Okla. ...
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Los Angeles Times
Environmental Enforcement in Largest Drilling States is "Scant" and "Puny ...
ThinkProgress
In Texas, 96 percent of the 80000 violations by oil and gas drillers in 2009 resulted in no enforcement action. West Virginia, a state with 56000 wells, issued 19 penalties last year. And Wyoming, the center of Rocky Mountain energy, collected $15500 ...
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TransCanada Officials Remain Positive Keystone Pipeline Will Be Built
International Business Times
By Pierre Bertrand | November 14, 2011 8:20 PM GMT A proposal by Canadian oil and gas company TransCanada to expand a crude oil pipeline in the United States has received what could be a death sentence. The Canadian company is seeking approval from ...
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International Business Times
Spotty enforcement in the gas patch
High Country News (blog)
From the report: Many other states don't track violations, enforcement and the number of penalties assessed against oil and gas producers. To find such information, state employees would have to go back through individual files, as Texas Railroad ...
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DeSoto officials share shale ups, downs with counterparts
Shreveport Times
Those three and other central Louisiana parishes are sitting over the Tuscaloosa Marine Shale that stretches from Texas across Louisiana and into Mississippi. It's an oil and gas formation that's enjoying renewed interest because of the advances in ...
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Canada to strike new trans-Pacific free trade deal: Harper
National Post
Mr. Harper also said Canada will look further into selling its oil and gas to Asian countries due to US delays in approving the Keystone XL pipeline. The prime minister held a key 25-minute tete-a-tete with US President Barack Obama on Sunday over ...
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Niche Copper and Steel-Sourcing Industries Keeping US Metals Demand Afloat?
MetalMiner
For example, a Texas-based fabrication firm, Willbanks Metals Inc., reported that the oil and gas industry now accounts for 35 to 40 percent of Willbanks' business, “up from 15 to 20 percent before the decline in the US construction sector. ...
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NYSE Heavily traded Stocks -CNQ, SYY, FL, EOG, ECA
Retirement Planning
Canadian Natural Resources Limited is an independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, NGLs, and natural gas production. The Company's principal core regions of operations ...
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Boom fuels oil field talent search
FuelFix (blog)
Most are in oil and natural gas fields in North Dakota, Texas and other shale areas. Baker Hughes and its competitors have turned to the armed forces and aerospace industry to attract skilled workers into the short-staffed oil and gas drilling business ...
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FuelFix (blog)
Project with ties to Perry OK'd despite objections
Austin American-Statesman
Adams and Switzer are investors in a subsidiary of TexCom Inc. The company fought for five years to obtain the permit for a Montgomery County site for an injection well for industrial waste, mostly generated by the oil and gas industry. ...
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Austin American-Statesman
North Dakota Oil Output Approaching OPEC Level: Chart of the Day
Bloomberg
Continental, an independent oil and natural gas company, is based in Enid, Oklahoma. Hamm speaks with Carol Massar on Bloomberg Television's "Money Moves." (Source: Bloomberg) Surging crude output in the Bakken shale formation is set to make North ...
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Bloomberg
10-Q: NDB ENERGY, INC.
Middle East North Africa Financial Network
Pursuant to the YC APA, the property acquired is subject to an operating agreement with Baron Energy, Inc., ("Baron") an independent oil and gas production, exploitation, and exploration company headquartered in New Braunfels, Texas, with producing ...
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Embracing the future of solar power deep in the heart of Texas
Renewable Energy Magazine (press release)
And trust me, I'm in Texas, right? There are six Democrats in this state, but also think about it this way, Texas is an energy state. Our energy is oil and gas. Last week I stood in the Hunt building, from Hunt petroleum and Hunt Energy. ...
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TETRA Technologies, Inc. Announces Appointment of Thomas R. Bates as Director
PR Newswire (press release)
Tom's career includes significant experience as both an executive and a director in the oil and gas services industry. He is currently a director and chairman of the board of directors of Hercules Offshore, Inc., a senior advisor at Lime Rock ...
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MARKET WATCH: Crude oil prices decline with continued concerns of Europe's economy
Oil & Gas Journal
The December natural gas contract fell 12.6¢ to $3.46/MMbtu on NYMEX. On the US spot market, gas at Henry Hub, La., dropped 11.9¢ to $3.16/MMbtu. In London, the December IPE contract for North Sea Brent lost $2.27 to $111.89/bbl. Gas oil for December ...
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Linc Energy Limited (ASX:LNC) Spuds New Well in Barbers Hill Oil Field, Texas, USA
ABN Newswire (press release)
We are targeting highly productive zones in proven reserves - it's a low risk way of rapidly building our crude oil production rates." Linc Energy is a globally focused, diversified energy company with a strong portfolio of coal, oil and gas deposits. ...
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ABN Newswire (press release)
TETRA Technologies Inc hires Thomas R Bates as director
Middle East North Africa Financial Network
Nov 15, 2011 (M2 EQUITYBITES via COMTEX) -- Oil & gas service company TETRA Technologies Inc TTI revealed on Monday the appointment of Thomas R Bates Jr as an independent director on its board of directors. The company said that its board of directors ...
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