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Words of Wisdom

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

Thursday, November 17, 2011

Texas Oil and Gas - News/Information - 11.17.2011

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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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UTSA Small Business Development Center Opens Office in Texas' Eagle Ford Shale ...
MarketWatch (press release)
The Eagle Ford Shale, believed to be one of the most significant oil and gas discoveries in the country, now provides more than 12000 workers with full-time jobs. Communities are welcoming the growth that the activity brings but are having challenges ...
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Global Hunter Securities Starts Forbes Energy Services (FES) at Buy; Speaking ...
StreetInsider.com (subscription)
Global analyst said, "FES is the premier well-servicing company in the Eagle Ford shale play in South Texas. We believe it is under-followed by the sell-side and overlooked by much of the buy-side. However, it is the fifth largest well-servicing ...
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3rd Annual Unconventional Hydrocarbons Summit 2012
Your Oil and Gas News (press release)
In the middle of October 2010, CNOOC announced a deal with Chesapeake Energy purchasing one-third of their shale assets in the prospective Eagle Ford shale play, located in South Texas. With this in mind and based on the success of 2010 & 2011 ...
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2 MLPs For Growth With High Yielding Stock Dividends
Seeking Alpha
Growth can come from natural gas shale in abundant supply in the US. KMP made substantial investments in the Haynesville Shale in Louisiana and the Eagle Ford Shale in Texas. In addition, KMP is expanding and building new infrastructure to get natural ...
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Zacks Investment Research Analysts Reiterate an "Outperform" Rating on Cabot ...
LocalizedUSA
Zacks' analyst wrote, “We are maintaining our Outperform recommendation on shares of Cabot Oil & Gas, reflecting its impressive exposure to the high-return Marcellus and Eagle Ford Shale plays, as well as its above-average production growth. ...
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BHP In the 'Shale of the Shales,' Says Petroleum Unit Chief
NGI's Shale Daily (subscription)
The Fayetteville, Haynesville and Eagle Ford shales, as well as the Permian Basin, are where BHP is making its mark. Last summer BHP bought out Petrohawk Energy Corp. for $12.1 billion, giving it a substantial presence in the Eagle Ford in South Texas, ...
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Enbridge, TransCanada ramp up race to Texas
Montreal Gazette
Bill Day, a spokesperson for Valero Energy Corp., said some of the firm's seven refineries in Texas process light, sweet volumes from the Texas Eagle Ford shale but one 325000 barrel per day complex in Port Arthur where Keystone XL would end is ...
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Five Things You Might Not Know About Water in Texas
StateImpact Texas
That includes oil and gas production and came after drilling began on the Barnett shale in North Texas, but before work ramped up in south Texas' Eagle Ford shale. Another 482100 acre-feet a year was used for cooling at power plants” in 2009. ...
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5 Dividend Stocks To Buy And Hold Forever
Seeking Alpha
It arrived at the Eagle Ford Shale in a timely manner, and was able to acquire a strong acreage position at a reasonable price. COP is currently conducting its first horizontal hydro-fracturing production in the history of the company. ...
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S&P revises Plains Exploration outlook to positive
Reuters UK
Over the intermediate term, we expect that the majority of the company's reserve and production growth will likely come from its Eagle Ford shale play. The positive outlook reflects our view that the company's credit protection measures are likely to ...
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Shale Oil Saps African Crude as Libya Returns: Energy Markets
San Francisco Chronicle
US supply of similar-quality oil is also rising, primarily from the Bakken shale deposit in North Dakota and Eagle Ford formation in southern Texas, reducing demand for African imports, Jordan said. Lario Logistics LLC, a member of the Globe Resources ...
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Key Energy in Play With Baker Hughes Chasing Shale Oil: Real M&A
San Francisco Chronicle
Demand for fracking has increased as rising oil prices makes it more affordable to explore on land than under water and deposits were discovered in parts of the US, including the Eagle Ford in southern Texas, the Bakken shale in North Dakota and the ...
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US oil pipeline deal to shift broader market
AFP
In the deal announced Wednesday, Canadian oil and gas transport firm Enbridge said it is buying Conoco's 50 percent stake in the Seaway pipeline, for $1.15 billion. The 330000 barrel-per-day pipeline has moved oil from Freeport, Texas, on the Gulf of ...
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AFP
As Drilling Grows, Is Enforcement Shrinking?
StateImpact Texas
By Terrence Henry Oil and gas exploration is up in the state of Texas. Over 100000 new wells were drilled in the last five years, some of them hydraulic fracturing operations looking for “tight oil” and shale gas trapped in layers of rock far below the ...
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Oklahoma oil and gas prices: Nov. 17, 2011
NewsOK.com
18-21 Well; SE1/4 SW1/4 NW1/4 SE1/4 (SL) of 31-11N-02W; 95 barrels oil per day, 5000 cu-ft gas per day; TD 6989. Texas: Lone Star Resources Co.; Addington No. 2-19 Well; C SW1/4 NE1/4 of 19-05N-11E; Dry TD 4997. Wagoner: WCT Operating LLC; Baker No. ...
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Endangered Species Act and the dunes sagebrush lizard endanger our economy
My West Texas
Comptroller Susan Combs, the oil and gas industry, and stakeholders of the Task Force on Economic Growth and Endangered Species are to be commended for their innovative work on the Texas Conservation Plan for the DSL. However, once the imminent listing ...
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Abilene oil safety leaders spreading message to Permian Basin
ReporterNews.com
By Jaime Adame In Texas 21 workers died at oil and gas drilling sites last year, according to the US Bureau of Labor Statistics, not even counting deaths associated with other oil industry jobs. That's up compared with the 14 workers killed at drill ...
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Billionaire hails natural gas
Pittsburgh Tribune-Review
The price of oil rose above $100 a barrel on Wednesday, the first time in four months, and Texas billionaire T. Boone Pickens continued to push the "Pickens Plan" -- to exploit natural gas from the Marcellus shale and other fields to achieve US energy ...
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Pittsburgh Tribune-Review
New Webcast Series a First for Oil and Gas Industry Professionals
Sacramento Bee
A not-for-profit corporation at the University of North Texas, PDI is a worldwide leader in oil and gas financial education, providing a vital link between academia and the global workforce. The company serves as an important source of programming, ...
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Post Oak Energy Capital Announces $200 Million Capital Commitment With The ...
MarketWatch (press release)
... of Texas and Texas A&M University Systems. Post Oak pursues private equity investments primarily in the upstream sector of the oil and gas industry in North America and, to a lesser extent, in oil field services and related infrastructure. ...
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Horizontal Drilling: It's Not Just About Natural Gas – Analysis
Eurasia Review
Production continues to rise in 2011; according to the Railroad Commission of Texas, Eagle Ford crude oil and condensate production averaged 81 thousand bbl/d from January through August. Natural gas production still exceeds liquids on a boe basis, ...
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Nabors, Southwestern down as energy stocks fall
MarketWatch
By Steve Gelsi, MarketWatch NEW YORK (MarketWatch) — Energy stocks fell Thursday as crude oil futures retreated on the latest European sovereign debt woes, with shares of Nabors Industries Ltd. and Cabot Oil & Gas Corp. leading the way lower. ...
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Paxton Energy Signs Acquisition Agreement
MarketWatch (press release)
Cautionary Note to US Investors Effective January 1, 2010, the United States Securities and Exchange Commission (SEC) now permits oil and gas companies, in their filings with the SEC, to disclose not only "proved" reserves (ie, quantities of oil and ...
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Producers find environmentally-friendly technology can boost bottom line
My West Texas
From the sand, chemicals and water used in hydraulic fracturing to capturing the emissions from wellheads and storage tanks, the oil and gas industry is focusing on environmentally-friendly technology. Rich Haut, senior research scientist and principal ...
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Far East Energy Corporation (FEEC); Looking to Capitalize on China's Growing ...
SmallCap Network
The country has already overtaken US as the world's largest consumer of energy (oil, natural gas, coal and electricity combined). According to some estimates, China could consume half of the world's total energy production by the year 2020. ...
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Oil & Gas News
Groesbeck Journal
Drilling Permits None for this Week Oil Well Completions: None for this Week Gas Well Completions Freestone County 3.4 miles SE. of Teague, Texas You must be an online subscriber to view this story. The full version of this story will be available to ...
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Key careless of oil spill danger: Greens
MSN NZ News
... to speak about exploring for oil and gas off the Taranaki and Canterbury coasts, 3News reported. However, Mr Key would not speak to the broadcaster aboutthe meeting. Texas-based Anadarko was a 25 per cent owner of the Deepwater Horizon, ...
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Red Alert: Isramco, Inc (NASDAQ:ISRL)
Live Trading News
It owns various working interests in oil and gas wells in Louisiana, Texas, New Mexico, Oklahoma, Wyoming, Utah, and Colorado; and operates approximately 589 wells principally in Texas and New Mexico. The company sells its oil and natural gas products ...
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Live Trading News
NoCo Oil Find Could Fuel Energy Business Park
KUNC
Nuttall: Well, Erin, what we know is that companies whose products and services support the oil and gas and energy industries are setting up shop along Interstate 85 between Brighton and Fort Lupton. That area has been nicknamed the “Energy Corridor. ...
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Redford wants united front on energy strategy
CTV.ca
TORONTO — Alberta's premier is calling on the provinces and Ottawa to form a united front on oil, gas and other forms of Canadian-produced energy as the country looks to expand the market for its oil and gas beyond the United States. ...
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CTV.ca
3 Deals to Watch: Transports, Tankers & Traders
TheStreet.com
The SemGroup rumors and Tullow stake sales both fuel deal making among pipeline operators and Chinese firms searching for oil and gas. General Maritime(GMR), the second biggest oil tanker owner in the US, filed for bankruptcy on Thursday as a result of ...
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TheStreet.com
GeoBio Energy Closes Acquisition of El Gas North America
MarketWatch (press release)
El Gas North America, based in Houston, Texas, is the exclusive distributor in North America of the natural gas volume monitoring and correcting equipment and data recorder products of Czech Republic based, El Gas sro The oil and gas industry ...
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Centrica PLC UK Regulatory Announcement: Interim Management Statement
Business Wire (press release)
UK wholesale gas costs are 26% higher this winter than last, reflecting the significant rise in worldwide gas and oil prices and the country's increasing dependence on imports. The higher wholesale prices, together with higher non-commodity costs, ...
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Ridgeline Launches Water Storage System
PR Newswire (press release)
These storage units are part of Ridgeline's commitment to provide a comprehensive water management system to its clients in the oil and gas exploration and production industry. Ridgeline will be manufacturing storage units throughout 2012 in ...
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ConocoPhillips sells $2bn of interests in pipeline companies
Gas Business Briefing
Upon closing, Enbridge will share ownership of the 670-mile pipeline with Houston-based Enterprise Products Partners LP, Gas Business Briefing learns. (See accompanying story.) The pipeline system includes the 500-mile, 30-inch diameter Freeport, Texas ...
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Ward & Smith Law Firm Adds Accomplished Texas Attorney Claire Abernathy Henry
PR Newswire (press release)
Longview, Texas-based Ward & Smith has earned a national reputation in high-stakes cases involving complex commercial litigation, intellectual property law, oil & gas disputes, and serious personal injury claims. Ward & Smith frequently assists lawyers ...
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Republicans Grill Obama Administration on Fracking, Offshore Lands
U.S. News & World Report
By Jessica Rettig House Republicans blasted the Obama administration for holding back the country's domestic oil and gas development, accusing Secretary of Interior Ken Salazar of being disingenuous over the level of US energy production on public ...
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Intellectual Property, Complex Commercial Litigation Attorney Steven Mitby ...
PR Newswire (press release)
"In just the last year alone, Steve helped win a $392 million patent infringement claim, an important appellate victory for Continental Airlines pilots in an ERISA case, and an oil & gas dispute where he was asked to come in at the last minute," says ...
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Westlake Securities Hosts Successful Natural Gas Conference
Sacramento Bee
By Westlake Securities AUSTIN, Texas, Nov. 16, 2011 -- /PRNewswire/ -- A natural gas conference in Austin earlier this month has spawned significant synergies which can only benefit the industry in the United States, says conference host Westlake ...
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Oklahoma Corporation Commissioner Dana Murphy says fracking regulation is a ...
NewsOK.com
In a hydraulic fracturing operation, water, sand and chemicals are injected into a well at high pressure to free oil and gas from rock. Murphy told the House subcommittee on Water Resources and Environment that hydraulic fracturing had been done on ...
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Mexco Energy Reports 2Q Financial Results, Share Surges (AMEX: MXC)
USA Market News
The company owns oil and gas properties in 12 states, with the majority of its activity centered in West Texas. It plans to continue to focus its efforts to increase oil and natural gas reserves through exploration and development as well as ...
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Gas prices sinking as Thanksgiving nears
FuelFix (blog)
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 barrel for the first time since the summer, as fears fade that Europe's debt crisis will spread and ...
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FuelFix (blog)
What's Leaking from the BP Refinery in Texas City?
StateImpact Texas
A caller reported the sulfur dioxide leak Monday to the National Response Center, the federal division for reporting oil and chemical spills. “Caller is concerned about the health of the residents located near the refinery,” the incident report logging ...
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Rangeland Energy to Handle Bakken Shale Crude Oil for Flint Hills Resources
MarketWatch (press release)
Headquartered in Sugar Land, Texas, Rangeland Energy, LLC was formed in 2009 to focus on developing, acquiring, owning and operating infrastructure for crude oil, natural gas and natural gas liquids. The company's primary focus has been in North Dakota ...
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Energy Sector Review: Winning and Losing Stocks on Nov 16th
Wall St. Cheat Sheet
About the company: Petroleum Development Corporation is an oil and gas company with drilling and production operations in the Rocky Mountains, the Appalachian Basin, and Michigan. The Company's drilling operations are focused on shallow Rocky Mountain ...
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Quicksilver Resources ups Barnett Shale production by 19%
Gas Business Briefing
Quicksilver Resources Inc ramped up its Barnett Shale production by about 19% in the third quarter, pushing the company's total production to record levels. The Fort Worth-based independent's Barnett production in quarter ended September 30, ...
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