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Words of Wisdom

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

Wednesday, November 16, 2011

Texas Oil and Gas - News/Information - 11.16.2011

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Texas Oil and Gas  -  News and Information
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 Eagle Ford Shale, Barnett Shale, Austin Chalk.. and other news.
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Shale Oil Saps African Crude as Libya Returns: Energy Markets
San Francisco Chronicle
Marathon Petroleum Corp. is moving oil from the Eagle Ford shale-rock formation to its refinery at Texas City, according to the company. Daily production of crude and condensates at Eagle Ford has almost doubled this year from 2010, according to data ...
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American Standard Energy Corp. Enters Into Letter of Intent to Acquire 80000 ...
MarketWatch (press release)
(the "Company") /quotes/zigman/1318984 ASEN 0.00% today announced the execution of a letter of intent to acquire approximately 80000 net acres across the Permian Basin, Eagle Ford shale formation and the Eagle Bine in Texas, the Williston Basin in ...
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Niobrara Shale: A Billion Barrels of Producable Liquids outside Denver
Business Insider
Jack H. Barnes is a former trader and hedge fund manager who blogs at jackhbarnes.com If you are following the Oil & Gas Renaissance in America, you will most likely have heard of Bakken Shale, or Eagle Ford Shale, or even Marcellus Shale. ...
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Landowners may be on firmer ground
San Antonio Express
By Jennifer Hiller, jhiller@express-news.net As production increases in the Eagle Ford shale play, several companies have announced plans for new pipelines. They include: When a pipeline company decided to cross a large South Texas ranch in 2009, ...
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Swift Energy sees higher production in 2012
Reuters Africa
Nov 15 (Reuters) - Oil and gas company Swift Energy Co said production will increase by up to 25 percent next year as it ramps up spending on drilling activity in the Eagle Ford shale and the Olmos sands in South Texas. The company forecast capital ...
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Qualified applicants needed
WOAI
Now he's here in Floresville hoping to find a job in the Eagle Ford shale project. Lomas has several resumes and has been talking to many recruiters about management positions with oil and gas companies. Several companies have representatives at the ...
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Why NuStar's Great Earnings Aren't That Great
Motley Fool
This occurred despite additional sales coming from the Eagle Ford shale projects. Further contribution from the Eagle Ford shale plays is expected next year with NuStar's management announcing new projects in the fourth quarter of 2011. ...
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M&A Watch: Samsung, Nexus, Vivendi, Activision, Community Health Systems ...
NewsyStocks.com
... of 80000 net acres across, the Permian Basin, Eagle Ford shale formation and the Eagle Bine in Texas , the Williston Basin in North Dakota , the Niobrara shale formation in Wyoming and Nebraska , and the Mississippian shale formation in Oklahoma. ...
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Clean Harbors' Superior Performance Should Continue
Seeking Alpha
With oil prices closing in on $100 per barrel again, fracking of deep-earth shale continues here in the US at a very brisk pace. While fairly new horizontal drilling technology in places like the Williston Basin of North Dakota, to the Eagle Ford Shale ...
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MARKET PULSE-US stocks to watch: Tyco, Dell, Peabody
Reuters
The oil and gas company on Tuesday said production will increase by up to 25 percent next year as it ramps up spending on drilling activity in the Eagle Ford shale and the Olmos sands in South Texas. The company's Kindle Fire tablet computer uses ...
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3 hidden gems in the oil patch
MSN Money
He says Basic Energy will benefit specifically from increasing drilling and fracking activity in the Permian Basin, the Bakken Shale, and Eagle Ford in South Texas, where the company has well established operating bases. "Basic Energy sees demand for ...
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MSN Money
Shell Encouraged by Interest in Ho-Ho Crude Pipe Reversal
NGI's Shale Daily (subscription)
The reversal would enable pipe access to crude production in Texas and the Midcontinent, including the Barnett, Eagle Ford and Bakken shales, as well as growing crude supplies in the Cushing, OK, area, Shell said. "The indicative response from shippers ...
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Forbes Energy Services Reports 2011 Third Quarter Results
Business Wire (press release)
“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.” Revenues increased 59% to $133.2 million ...
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Military Tactics Suggested at Gas Confab
FWWeekly
by Peter Gorman When Sharon Wilson, director of the Texas Oil and Gas Accountability Project for Earthworks!, and the activist blogger on texassharon.com signed up to attend a much ballyhooed gas industry confab in Houston last week, she wasn't sure ...
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Oil Industry Filled With Fear--And Opportunities
Forbes
In recent years it has made several deals with natural gas companies in the US, and just last month it announced that it was commencing a tender offer for Texas-based Brigham Exploration Co (BEXP). Its size is part of the reason why Statoil gets strong ...
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Anadarko Planning Major Expansion in Colorado
KUNC
By Kirk Siegler A Texas-based oil and gas company says it's planning a major expansion of its existing drilling operations in northeastern Colorado. The announcement came Monday from Anadarko Petroleum, which is already one of the biggest players in ...
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Enbridge to Transport Oil to the Gulf Coast
Beacon Equity Research
Enbridge Inc. (NYSE:ENB), the oil and natural gas transportation and distribution company in the United States has recently announced a new plan to transport huge volumes of the United States and Canadian crude oil to the Gulf Coast in collaboration ...
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Another 'crony capitalism' accusation for Perry
Houston Chronicle
With the state permit, TexCom Gulf Disposal LLP intends to pump industrial waste, mostly from oil and gas operations, into an abandoned Conroe oil field. The project's opponents thought they had won a pitched five-year fight last January when the Texas ...
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New Nabors CEO seeks way out of oil and gas assets
Reuters
Nabors has an extensive oil and gas position in Colombia as well as acreage on Alaska's North Slope and in Texas and Arkansas. Petrello told investors that these interests were clearly not core assets, and he planned to "rectify" that. ...
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Oil Soars and Natural Gas Withers: But the Energy Singularity is Not Forthcoming
Business Insider
If you firmly believe higher oil prices will drive energy transition, and the adoption of alternative sources, then do (by all means) feel excited today. The price of West Texas Intermediate crude oil, which has sold for as much as a 25% discount to ...
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Anadarko Petroleum's 1 Billion Barrel Colorado Discovery: A Look at Other ...
SmallCap Network
Here is a closer look at all three Denver based oil and gas companies to help you decide: Earthstone Energy is an independent oil and gas company active in the states of North Dakota, Montana, Colorado, Texas and Wyoming. On Tuesday, Earthstone Energy ...
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LRR Energy Tempts Investors With A 10% Dividend Yield
Seeking Alpha
LRR Energy acquires, develops, and operates oil and natural gas properties in the Permian Basin region in west Texas and southeast New Mexico; the Mid Continent region in Oklahoma and east Texas; and the Gulf Coast region in Texas. ...
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Crude prices up, gas prices down
Salina Journal
He noted that since the Obama administration announced a few days ago it was delaying a decision on the new Keystone XL pipeline from Canada to Texas until after the 2012 elections, China has said it's interested in buying the oil produced from the ...
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Treaty Energy Corporation Announces Additions To Its Management Team And Board ...
Daily Markets (press release)
15, 2011 /PRNewswire/ — Treaty Energy Corporation (OTCQB: TECO), a growth-oriented energy company in the oil and gas industry, today announced additions to its management team and Board of Directors. Andrew V. Reid, Chairman and CEO of Treaty Energy ...
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Science fair: SA teacher petitions the TCEQ
San Antonio Current
A decade ago, the oil and gas employees topped over 700. Now, we have about 320. In total, only 16 field inspectors cover the whole of South Texas. Greenwire reports that in Texas, 96 percent of the 80000 violations by oil and gas drillers in 2009 ...
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San Antonio Current
MARKET WATCH: Better US economic data raise oil prices
Oil & Gas Journal
The December natural gas contract continued dropping, down 5.4¢ to $3.40/MMbtu on NYMEX. On the US spot market, gas at Henry Hub, La., lost 6.7¢ to $3.09/MMbtu. In London, the December IPE contract for North Sea Brent was up 50¢ to $112.39/bbl. Gas oil ...
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Producer of the Year 2011 - Winner: Conoco Phillips Canada
Nickle's Energy Group
In his two decades with Houston, Texas–headquartered energy giant ConocoPhillips, Nicholas Olds has seen some of the world's most demanding, exciting and challenging oil and gas regions. Most recently, he headed up the company's growth in the Caspian. ...
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Running on fumes
Oilweek Magazine
by Dale Lunan Natural gas prices remain below C$4 per thousand cubic feet. Crude oil is hanging in around the US$80 per barrel mark. And diesel fuel remains around US$4 per gallon. Natural gas demand remains weak in North America as the United States ...
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Latest proposed 5-year OCS plan falls short, API official says
Oil & Gas Journal
“While US oil and natural gas production is increasing today, this is largely due to the development of shale oil and natural gas on private lands in North Dakota, Pennsylvania, Texas, Arkansas, Louisiana, and elsewhere—and because of leasing and ...
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Oil Field Chemical Burn Lawsuit Settled for $450000 by The Law Offices of John ...
PR Newswire (press release)
On February 19, 2008, Joyce Burton was working for L&B Transport delivering hydrochloric acid to a Frac Tech facility located in Aledo, Texas. Frac Tech is an oil field services company involved in hydraulic fracturing ("fracking") in oil and gas ...
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Heating Oil Falls as Demand Declines, Brent Weakens Versus WTI
BusinessWeek
16 (Bloomberg) -- Heating oil fell as Brent crude's premium to West Texas Intermediate narrowed and US demand declined last week. Futures sank as Brent's lower value reduced costs for East Coast refineries, which primarily use oil priced versus the ...
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Wall Street Journal Conceals Oil Interests Of Contributor Hyping Keystone XL
Media Matters for America (blog)
But it failed to mention that he is also employed by Frontera Resources Corporation, "a Houston, Texas based international oil and gas company" whose "strategy is to seek opportunities in known hydrocarbon-bearing basins around the world where ...
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Media Matters for America (blog)
Houston's US Infrastructure To Buy Pipeline System In Bossier-Haynesville Shale
KUHF-FM
It gathers and transports natural gas for producers including Eagle Oil & Gas Company, which has dedicated substantial acreage in the Bossier-Haynesville Shale play. “It's a very prolific play, probably, from a gas standpoint, second to that of the ...
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JCP, UNH, FST, SKS, WNR - Stocks with potential upside
Retirement Planning
Forest Oil Corporation (Forest) is an independent oil and gas company engaged in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in North America. As of December 31, 2010, Forest's total estimated ...
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Will Gulfport Energy's Latest Pattern Power It Higher?
Investor's Business Daily
The oil and gas explorer operates in Lousiana, Texas, Colorado, Ohio, the Canadian oil sands and Thailand. Thanks to new drilling and seismic technology, they've been able to squeeze new life out of properties that no longer interest bigger oil ...
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Oil hits $100, first time since July
Wilkes Barre Times-Leader
NEW YORK (AP) — Oil prices have hit $100 per barrel for the first time in nearly four months. Mohammad Rezaie changes the gas prices at his Union 76 gas station in Oakland, Calif., Friday, Nov. 11, 2011. The price of oil is flirting with $100 per ...
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Wilkes Barre Times-Leader
Favorite Q3 Energy Stock Holdings of Perkins Investment Management
Wall St. Cheat Sheet
About the company: Devon Energy Corporation is an independent energy company that is involved primarily in oil and gas exploration, development and production, the transportation of oil, gas, and NGLs and the processing of natural gas. ...
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Keystone oil pipeline divides Parliament
Toronto Sun
And while the official Opposition torpedoed the $7 billion project, the Liberals popped a wellhead with charges oil and gas giants funded Prime Minister Stephen Harper's 2002 bid to become leader of the Canadian Alliance. "Just how far indebted is he ...
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Energy firm eyes Iraq business with Turks
Hurriyet Daily News
KBR, a Texas-based engineering and construction company, is seeking partnerships with Turkish firms to build refineries in oil- and gas-rich Iraq, according to its top executive. The company, which has already undertaken engineering tasks at the Shah ...
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Hurriyet Daily News
Natural gas: A threat to biofuels?
DesMoinesRegister.com
Quietly, perhaps because the boom is happening more in North Dakota rather than Texas, domestic production of crude oil has begun to increase for the first time in more than three decades. The huge new Bakken Field has quadrupled its production to ...
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4 Royalty Trust Yield Hogs
Seeking Alpha
The trust was founded in 1980 and is based in Fort Worth, Texas. SJT pays 6% and is up around 2% in the past 52 weeks. Payout ratio is 100%. Mesa Royalty Trust (MTR) holds royalty interests in oil and gas producing properties in the United States. ...
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New CCI Sell Signals - LBAI, LBSR, LBYE, LOGL, LPHI
Retirement Planning
The Company is an oil and gas exploration company. Its focus is on the exploration, acquisition, development, production and sale of crude oil and natural gas. The Company has interests in properties in Bulgaria and Texas. In the Bulgaria project, ...
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The Big Bird
FWWeekly
Chesapeake is a mighty power in the Barnett Shale. The Oklahoma City-based company bills itself as the country's most active driller of new wells. Those who try to stand in its way quickly find themselves staring at a battery of attorneys willing to ...
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Gordon Keith Takes His Tired Bits to Dallas Morning News
D Magazine
Today, Keith nominated the Barnett Shale for Texan of the Year. It's behind the paywall, so here's a taste: I could nominate Dirk Nowitzki, the happiest German in D-FW. The Teutonic baller not only brought us an NBA title this year, but also the worst ...
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Central in 'Surprise' return
Upstream Online
Hallgren is a manager and drilling engineer and has managed the drilling of horizontal multi-stage fracced wells in the Marcellus, Bakken, Haynesville and Barnett shale plays in the US for companies such as Halliburton, Encana, Hess, Marathon and ...
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Swift Energy Announces Preliminary 2012 Capital Expenditure Plans
MarketWatch (press release)
The remainder of 2012 expenditures is expected to be directed towards drilling oil wells in Southeast Louisiana and Austin Chalk oil and natural gas development wells in our Central Louisiana/East Texas core area. Based upon these preliminary spending ...
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Chalker Energy Offering Producing Texas Properties
Oil and Gas Investor (registration)
The package includes Chalker's producing properties in Caldwell and Bastrop counties in the Bateman and Dale Mcbride fields targeting the Dale Lime, Austin chalk and Buda formations. The shallow oil properties feature 63 producing wells, ...
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America's only economic boom
Reuters Blogs (blog)
The next largest “continuous” oil accumulation in the US is in the Austin Chalk of Texas and Louisiana, with an undiscovered estimate of 1.0 billions of barrels of technically recoverable oil. This find has given a substantial boost to America's ...
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Markets: More uncertainty for FTSE 100
Interactive Investor
The intention remains to test both formations within the KF#1H well; the Austin Chalk and the deeper Woodbine. 16:21 - Brulines Group's (BRU) subsidiary Vianet has secured a contract with Visa Europe to provide contactless payment technology for the ...
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