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Words of Wisdom

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

Friday, November 18, 2011

Texas Oil and Gas - News/Information - 11.18.2011

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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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La Vernia feeling the rush of the Eagle Ford Shale play
San Antonio Business Journal
The bedroom community of La Vernia, located 25 miles east of San Antonio, is experiencing a surge in industrial development based on its proximity to the thriving Eagle Ford Shale. In recent weeks, the city has landed four new businesses supplying the ...
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Halliburton to hire 1500 for work in San Antonio area
Houston Chronicle
By VICKI VAUGHAN, STAFF WRITER Oil field services giant Halliburton Co. began work Thursday on $50 million base of operations in San Antonio for which it will hire 1500 workers to support its operations in the Eagle Ford shale. ...
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CPS pursues shift from coal to natural gas
San Antonio Express
Once CPS gets a plant, it will seek to buy natural gas produced by the Eagle Ford shale operations in South Texas, said Doyle Beneby, the utility's president and CEO. The city-owned utility will place its bid in the coming weeks for an undisclosed ...
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Curtis Trimble: Be Nimble, Quick and Play the Shales
Business Insider
(GDP:NYSE), which has become quite active in the Eagle Ford Shale and was among the first to investigate the Buda Lime Shale. This is another company transitioning out of lower value legacy natural gas assets to more liquid-rich crude oil driven areas ...
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Halliburton to hire 1500 for work in San Antonio area
FuelFix (blog)
Oil field services giant Halliburton Co. began work Thursday on $50 million base of operations in San Antonio for which it will hire 1500 workers to support its operations in the Eagle Ford shale. Houston-based Halliburton began construction on a ...
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FuelFix (blog)
Construction underway on new job-generating Halliburton facility
KENS 5 TV
Halliburton turned over soil on a new facility—a field camp on 160-acres to provide support services to the oil companies who are capitalizing on the Eagle Ford Shale play. Halliburton is promising 1500 jobs here, 75% of them local hires. ...
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CPS pursues shift from coal to natural gas
FuelFix (blog)
Once CPS Energy obtains a natural-gas plant, the utility will seek to buy natural gas produced by the Eagle Ford shale operations in South Texas, said Doyle Beneby, CPS Energy president and CEO. The city-owned utility will place its bid in the coming ...
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FuelFix (blog)
TexCom Announces Results of 2011 Annual Meeting of Stockholders
MarketWatch (press release)
... integrating NORM engineering and decontamination services into MB Environmental's service offerings; -- Establishing Eagle Ford Environmental Services, LLC as the preferred NOW disposal services provider to E&P companies in the Eagle Ford Shale; ...
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Helmerich & Payne's CEO Discusses Q4 2011 Results - Earnings Call Transcript
Seeking Alpha
These newly contracted rigs are expected to be utilized in the Fayetteville Shale, Eagle Ford Shale, Bakken Shale and the Permian basin, and consist of 8 FlexRig5s, 6 FlexRig3s and 3 are FlexRig4s. Of the 47 remaining under construction, ...
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ETFs For The Niobrara Shale
Benzinga
By The ETF Professor When it comes to US shale plays, most investors are familiar with the Bakken, Eagle Ford and Marcellus shales. Maybe you've been keeping up with the shale bonanza and are now familiar with the Utica Shale. ...
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Alternative energy uninvestable, traditional commodities still lead the pack ...
Opalesque
Swank notes that shale technology is a key component to oil market growth. He points to the booming Bakken Shale in North Dakota as well as the Eagle Ford Shale in Texas as examples. Other areas such as the Permian Basin also have growth, spreading the ...
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Panel: Expect Utica Development in 2013
NGI's Shale Daily (subscription)
CEO Aubrey McClendon began shouting, first by comparing the Utica to the Eagle Ford Shale, then by estimating the value of the play at $500 billion and finally by releasing encouraging production figures (see Shale Daily, Sept. 29; Sept. 22; Aug. 1). ...
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244-unit apartment complex breaks ground Friday
Victoria Advocate
Victoria was attractive because of ongoing Eagle Ford Shale activity, which could potentially affect the area for decades to come, he said. Caterpillar also means not only new company employees, but also potential suppliers and other manufacturing ...
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Oil prices surge on pipeline plans by Enbridge, TransCanada
Vancouver Sun
Valero Energy Corp. spokesman Bill Day 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 designed to take ...
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Turner Bayou Chalk Project Operational Update
4-traders (press release)
"Interest in the Eagle Ford Shale and Tuscaloosa Marine Shale in proximity to the Turner Bayou Chalk project is gaining momentum with some attractive drilling and production results," said Justin Pettett, Pryme's Managing Director. ...
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Pemex to Drill 175 Shale-Gas Wells in 4 Years, Morales Says
BusinessWeek
Pemex, as the Mexico City-based state oil company is known, has begun test wells in the Salinas-Burgos-Picachos basin, which is an extension of the Eagle Ford formation in the US and has the most promise for producing shale gas, Morales said. ...
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Energy briefs
NewsOK.com
The company is poised to purchase acreage in Oklahoma's Mississippian Shale formation, the Permian Basin, Eagle Ford Shale and Eagle Bine in Texas, the Williston Basin in North Dakota and the Niobrara shale in Wyoming and Nebraska. ...
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Gushing over oil
Worcester Telegram
The BGOV Barometer shows Chinese companies have purchased more oil and gas assets in Canada from 2005 to 2011 than acquirers from any other foreign country. So far this year, Chinese companies have accounted for $5 billion in Canadian oil and gas deals ...
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Oil & Gas Round Up - November 14 to November 18, 2011
India Infoline.com
The discount on North American crude shrank as futures traders saw new prospects for shipping oil to the Gulf Coast. Enbridge Inc.'s announcement of a proposed new pipeline from Cushing, Oklahoma, to Texas, is changing the dynamics of the oil market in ...
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Industry Professionals Receive Top Awards at Deepwater Operations Conference
Sacramento Bee
By PennWell Corporation GALVESTON, Texas, Nov. 18, 2011 -- /PRNewswire/ -- Two offshore oil and gas industry professionals received top awards for their technical presentations at the Deepwater Operations Conference & Exhibition held at the Moody ...
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96% of Oil Violations Unpunished
Care2.com
A study of 80000 violations for gas and oil drillers shows that no penalties or fines were levied on 96 percent of them in the state of Texas. If you are wondering why this matters because it is only one state, please keep in mind that Texas Governor ...
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Care2.com
'Natural gas to hit $4.16/MMBtu, WTI Crude at $90/bbl in 2012'
Commodity Online
Over this next 12–18-month period we will likely see crude oil prices lead and prepare for reinvigoration of economic growth. TER: Do you have a near- and mid-term forecast for oil and gas? CT: Sure. For 2012, our estimate for WTI is at $90/bbl, ...
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Commodity Online
Texas Secretary of State touts economic development in East Texas at summit
Lufkin Daily News
Porter talked primarily about oil and gas issues, namely the “huge” economic benefits he said Texas could reap through hydraulic fracturing, also known as fracking. He said he was both “frustrated and flabbergasted” the Barack Obama administration for ...
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Gas Prices Sink As Oil Prices Rise
Consumer Affairs
Rarely do you see a week in which oil prices jump and gasoline prices drop, but this has been just such a week. While the price of West Texas oil traded above $100 a barrel at times this week, the prices of gasoline dropped in nearly every state. ...
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Consumer Affairs
Post Oak Energy receives $200M for oil, gas investment
Bizjournals.com
The University of Texas Investment Management Co. is entrusting $200 million to Post Oak Energy Capital LP for private investment. Houston-based Post Oak Energy, a private equity investments company, focuses on the upstream sector of the oil and gas ...
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Rotarians learn about oil & gas drilling and mineral rights in Fannin County
North Texas e-News
David explained that Fannin County is located in the Ouachita Overthrust which is wedged between East Texas Basin and Marietta/Ardmore Basin. He stated that there have been no successful oil or gas drilling in Fannin County. He showed numerous attempts ...
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North Texas e-News
Range Resources' shares shoot up after 490-per cent Trinidad oil reserves upgrade
Proactive Investors USA & Canada
Shares in Range Resources (LON:RRL, ASX:RRS) shot up by 16 per cent to 10.2 pence in early trading this morning after the diversified oil and gas explorer announced its proved reserves in Trinidad had increased by 490 per cent to 15.4 million barrels ...
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Nexen Announces Executive Departures
MarketWatch (press release)
Nexen is an upstream oil and gas company responsibly developing energy resources in some of the world's most significant basins - including the UK North Sea, offshore West Africa, the Gulf of Mexico and Western Canada. The company is strategically ...
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Terrace Acquires Interest in Oil Development Projects
MarketWatch (press release)
... of San Antonio Texas ("Lightning"), under which Terrace was granted the right to earn an 18.75% net revenue interest ("NRI") in certain oil, gas and mineral leases covering 3395 net acres in the Dimmit and LaSalle Counties, Texas. ...
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State representative says now is time to fund state water plan
My West Texas
"By next January, our rainy day fund may have as much as $9 billion," he said, noting that the fund derives money solely from severance taxes on the oil and gas industry. But, he cautioned the state is not an island and will be facing economic issues. ...
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Brian Hardwick Selected For "Who's Who In Dallas, Houston, Pittsburgh Energy"
Sacramento Bee
About Brian Hardwick : a short profile by and about the honoree:Brian Hardwick is a co-founder of Regal Energy, LLC, an independent oil and gas company dedicated to the exploration, development and production of crude oil and natural gas. ...
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Keystone XL and the Food-Water-Energy Nexus
Huffington Post (blog)
Opportunities for oil and gas exploration and production may be bountiful, but technological advances and discoveries of new fields must not overshadow a sound environmental review and analysis of ecological, public health and economic impacts both in ...
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Hydrofracking: the controversy
Oswegonian
This is different from conventional natural gas drilling and makes mining in dense shale economically possible. “The key benefit of hydrofracking is the potential energy supplies, the ability to reach oil and gas reserves in shale formation that was ...
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Oswegonian
Gas Paradox: Falling Demand, Rising Prices
Wall Street Journal (blog)
Prices for gasoline, diesel and heating oil are determined by global demand and worldwide crude prices. That notion is sometimes lost, with the emphasis misplaced on the US benchmark, West Texas Intermediate crude, delivered at Cushing, Okla. ...
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Californians finding their way to Texas
San Antonio Express
As an oil- and gas-producing state, Texas has felt the benefits of high energy prices. In addition, its housing sector has fared better than those in other parts of the country. For Californians moving to Texas, the state's lower cost of living is ...
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Texas Unemployment Rate Drops in October
Texas Tribune
The mining sector, which includes jobs like oil and natural gas excavation, also continued to grow, adding 4500 jobs. But other production industries in Texas, such as construction and manufacturing, declined by 12800 and 1000 jobs, respectively. ...
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10-Q: MILAGRO OIL & GAS, INC.
Middle East North Africa Financial Network
Overview We are an independent oil and natural gas company primarily engaged in the acquisition, exploitation, development and production of oil and natural gas reserves. We were formed as a limited liability company in 2005 with a focus on properties ...
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Fracking and Quaking: They're Linked
TheTyee.ca
And now, even BC's Oil and Gas Commission is investigating 31 tremors with magnitudes as great as 4.3 that have shaken the Horn River shale gas play near Fort Nelson, BC since 2009. Three of the quakes occurred during controversial hydraulic fracking ...
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Halliburton to bring 1000 jobs to SA area
KSAT San Antonio
"Here is oil and here is natural gas right here in South Texas that wasn't available before new technology maked it possible and our benefit is great jobs." Those jobs, Cisneros hopes, will be filled by people from San Antonio and Bexar County. ...
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KeyBanc joins Houston energy banking gusher
Houston Business Journal
15, where a six-person energy investment team headed by longtime oil and gas banker Sylvia Barnes will set up shop. She will serve as managing director and head of the bank's Texas oil and gas group. The addition of a Houston office doubles KeyBanc's ...
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Preliminary results show Colorado oil, gas lease auction raising more than $7 ...
The Republic
CATHERINE TSAI AP DENVER — The Colorado State Land Board's quarterly oil and gas lease auction raised close to $7.5 million Thursday from bids for 245 parcels, according to initial results. Final audited results won't be available for several more ...
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With help from Juana Summers, Erica Martinson, Talia Buford and Darren Goode
Politico
In a related story, House Speaker John Boehner threw his support Thursday behind the American Energy and Infrastructure Jobs Act, which would funnel the revenues from new oil and gas lease sales to infrastructure projects (Burgess Everett and Adam ...
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Mayor Madrid Signs Letter to Obama Opposing Canada-to-Texas Pipeline
Patch.com
And both sides are concerned about oil leaking into aquifers that supply Texas and the Plains states. TransCanada, the force behind the proposed 1661-mile pipeline, reportedly had planned to begin construction in January 2012. ...
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Thelma Earlene Rogers
Times Record News
Earlene was a member and held numerous offices in Woman's Club of Graham, Desk & Derrick, Order of the Eastern Star, Texas Alliance of Oil and Gas Producers, where she was a director and received the Mozelle Cherry award. She loved hunting, fishing and ...
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Plains Exploration Prices Notes
Daily Markets (press release)
Plains Exploration already has cash and cash equivalents, as of September 30, 2011, of $11.5 million while the sale of its working interest in oil and gas properties located in Texas Panhandle and its conventional natural gas properties in South Texas ...
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Erdogan assures Fule that Turkish ships will not harass Noble
Cyprus Mail
Turkey responded by conducting its own seismic studies on potential oil and gas reserves off the coast of the divided island. Meanwhile, Turkish Prime Minister Tayyip Erdogan has reportedly assured EU Enlargement Commissioner Stefan Fule that Turkish ...
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Cyprus Mail
EPA chief: Wyoming water well results 'of concern'
Casper Star-Tribune Online
Jackson's comments marked the first time she has raised a possible link between the oil and gas industry practice of hydraulic fracturing, or fracking, with drinking-water pollution in the area. A spokesman for Calgary, Alberta-based Encana Corp., ...
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Exxon Mobil For The Long Term
Seeking Alpha
Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas and manufacture of petroleum products, as well as transportation and sale of crude oil, natural gas and petroleum products. The company manufactures and ...
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Seven notables inducted into Oklahoma Hall of Fame
NewsOK.com
After graduating from Enid High School, he worked in the oil fields before launching a one-truck oil-field service business in Ringwood. In 1967, he incorporated Shelly Dean Oil Co., which later became Continental Resources, an oil and gas exploration ...
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Terrace To Earn 27.78% Stake In Texas Project
Oil and Gas Investor (registration)
Terrace Cutlass LLC, a subsidiary of Terrace Energy Corp., Vancouver, (Toronto Venture: TZR) plans to acquire an 18.75% net revenue interest in certain oil, gas and mineral leases covering 3395 net acres in the Dimmit and LaSalle counties, Texas, ...
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DFW briefs: Feds' approval of Texas' voter ID law is delayed
Fort Worth Star Telegram
It submitted a census list of all Spanish surnames in Texas and offered to cross-check those names against voters with Spanish surnames. -- The Associated Press FORT WORTH -- An oil and gas well servicing firm has agreed to a $450000 settlement with a ...
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Chesapeake Energy stock draws rare "sell" rating in scorching critique by Wall ...
Fort Worth Star Telegram (blog)
2 natural gas producer in North Texas' Barnett Shale, to "sell," from "hold," according to this Wall Street Journal report. This is only a preview. Your comment has not yet been posted. Your comment could not be posted. Error type: Your comment has ...
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With US Natural Gas Booming, a Move to Send It Overseas
National Geographic
Thanks to production from shale formations like the Marcellus in the Northeast, Barnett and Eagle Ford in Texas, Haynesville in Louisiana, and Fayetteville in Arkansas, the United States is awash in natural gas. Production, which had been on the ...
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National Geographic
Biggest US energy shift of the millennium
Stockhouse
Companies in other major shales – like the Eagle Ford, Haynesville, and Barnett – will continue to add to the country's supply. And Heckmann Corp itself saw revenues doubled over the past six months. In 2012, sales should easily triple versus this ...
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GWPC report
Lexology (registration)
Texas is currently placing summary data online for new completions, has implemented new disposal well requirements in the Barnett Shale play, and recently enacted statutes requiring public disclosure of hydraulic fracturing chemicals. ...
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