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Saturday, November 19, 2011

Texas Oil and Gas - News/Information - 11.19.2011

Texas Oil and Gas  -  News and Information
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 Eagle Ford Shale, Barnett Shale, Austin Chalk.. and other news.

Eagle Ford Shale activity helping to reduce unemployment
Large employers have been busily setting up shop in the San Antonio area to drill for oil the Eagle Ford Shale, a geologic formation that spans 24 South Texas counties. Earlier this week, Halliburton Co. broke ground on a new operation in south Bexar ...
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Eagle Ford credited with regional unemployment dip to 7.5 percent
Corpus Christi Caller Times
By Mike D. Smith CORPUS CHRISTI — As companies prepare for another large oil and gas job fair next month, state employment figures show Eagle Ford Shale drilling boosted a seasonal dip in the Coastal Bend's unemployment rate. ...
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Eagle Ford Shale Lures Halliburton To San Antonio
KUT News
By Nathan Bernier, KUT News Natural gas extraction on the Eagle Ford Shale in South Texas has developed to the point that the oil field services company Halliburton has decided to build a $50 million operations base in San Antonio. ...
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DeWitt County officials, residents discuss increased oil industry traffic ...
Victoria Advocate
DeWitt County hosted a meeting Friday for persons and agencies concernced about the increase in traffic and road conditions revolving around the Eagle Ford Shale activity. "From conversations I am having with industry officials, we can expect 300 to ...
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SA jobless rate retreats from high
San Antonio Express
It's the first decline in the monthly rate since February, and if drilling in the Eagle Ford shale keeps going strong, that decline in unemployment could quicken. The area's jobless rate improved to a seasonally adjusted 7.7 percent in October from 8 ...
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More school bus crashes in store?
KSAT San Antonio
There's a growing problem south of San Antonio and some people there think it is being brought on by the explosive growth around the Eagle Ford shale deposit. It's a problem involving school buses that are finding the roads busier and drivers less ...
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SA employment numbers up
KSAT San Antonio
That sector is up 2.6 percent for the month and 17.7 percent for the year, as the exploration on the Eagle Ford Shale continues to drive job growth. One area that's seen declines is leisure and hospitality, but the reasons are more seasonal than ...
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In Fort Worth, hard choices come with gas royalty checks
Fort Worth Star Telegram
The Haynesville in Louisiana began to steal some of our thunder; then Arkansas, North Dakota, New York and now the heavyweights, the Marcellus Shale and the Eagle Ford in South Texas, are center stage. We are still drilling, but we are just one among ...
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United States Oil and Gas Corp Reports Financial Results for Quarter
MarketWatch (press release)
About USOG United States Oil and Gas Corp (otcqb:USOG) (pinksheets:USOG) is an oil and gas products, services and technology company headquartered in Austin, Texas. Through our subsidiary, we market and distribute refined oil and gas (diesel, gasoline, ...
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Weekly US oil, gas rig count drops by 15 to 2001
Washington Post
Of the major oil- and gas-producing states, Colorado and Wyoming each gained one rig. Oklahoma lost four rigs, New Mexico lost three, Alaska, California and Texas each lost two and Louisiana lost one. Arkansas, North Dakota, Pennsylvania and West ...
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From oil sands to gas pump: Alberta looks to its energy future
Globe and Mail
When most energy firms do the math, they conclude the path for processing Canada's oil sands leads to Texas. Oil companies “can make more money that way,” said Neil Shelly, executive director of Alberta's Industrial Heartland Association, “So we really ...
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Enduro Royalty Trust Announces December Cash Distribution
MarketWatch (press release)
As described in the Trust's filings with the Securities and Exchange Commission, the amount of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas ...
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William Arthur Reiter Jr. (1924 - 2011)
Mexia Daily News
Bill Reiter, Sr. successfully prospected for oil and gas along the Mexia-Talco Faults, down through central Texas to the Rio Grande, as well as in West Texas, Louisiana and Oklahoma. Bill, though considered a junior, was not named “Wilhelm” because of ...
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Mexia Daily News
US, Texas rig counts down; Barnett Shale up
Fort Worth Star Telegram
Oil rigs declined by eight, to 1125, and natural gas rigs dropped by six, to 871. Miscellaneous rigs shrank by one, to five. The Texas rig count fell by two, to 914. In North Texas' natural gas-rich Barnett Shale, there were 59 rigs drilling on Friday, ...
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United States Oil & Gas Reports Wider Q3 Loss
RTT News
Austin, Texas-headquartered United States Oil and Gas Corp, through its subsidiaries, markets and distributes refined oil and gas products to retail and wholesale customers in the United States. by RTT Staff Writer.
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Imaging innovation fuels talk of 'new petroleum age'
Environment & Energy Publishing
"Someone will probably try it on one of those unconventional plays in the Eagle Ford," he said, the Texas formation that originated the shale surge. Indeed, Schieber expects that some oil and gas explorers have already used similar approaches in secret ...
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Marathon Sheds Burns Point Unit - Analyst Blog
Stock Markets Review
Houston, Texas-based Marathon is a leading integrated oil and gas firm with extensive upstream operations. The company's business is organized into three segments – Exploration and Production, Oil Sands Mining, and Integrated Gas. ...
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Area job numbers look good, but is it really a boom?
Houston Chronicle
A state agency reported on Friday that Houston-area employers created 79500 jobs over the past year, including robust gains in the oil and gas industry, manufacturing and health care. "That is getting close to what you can say is a boom," said Barton ...
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The Green and the Black
City Journal
And it wasn't just any business: it was the unfashionable, unloved oil and gas industry. Earlier this month, Governor Jerry Brown announced that he would replace two top state regulators responsible for reviewing new oil-drilling permits. ...
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Canadian small/micro-cap weekend roundup
As well, shares of Emerge Oil & Gas (TSX: T.EME, Stock Forum) shot up 20% to $1.19 as the oil and gas producer/explorer said it has entered into an arrangement agreement providing for Twin Butte Energy (TSX: T.TBE, Stock Forum) to acquire of all of the ...
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Oil falls on EU discord ahead of weekend
Channel News Asia
Meanwhile India's Reliance Industries and British giant BP announced the creation of a joint venture to source and market natural gas in India, following BP's buying a 30 percent stake in 21 of Reliance's oil and gas fields off India's coast. ...
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New pipeline to carry shale products to be constructed
Coshocton Tribune
COSHOCTON — News of Marcellus and Utica shale drilling has made headlines in the eastern US as landowners find themselves sitting on untapped oil and gas reserves that technology now is able to harvest. That burgeoning market needs a way to get ...
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Getting to the Bottom of the Leaks at BP's Texas City Refinery
StateImpact Texas
By Terrence Henry There were reports earlier this week of leaks of at the BP refinery in Texas City, the site of a 2005 explosion that killed fifteen and injured 140 more. The gases that were reportedly leaked were sulfur dioxide, a pollutant regulated ...
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Plentiful job postings turn Midland into job-seeker's market
My West Texas
The majority of jobs were added in the mining, logging and construction sector that includes oil and gas operations. Strong growth also was in trade, transportation and utilities, professional and business services, education and health services, ...
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Brent Out of Shape: How Oil Could Burn Investors
Wall Street Journal
By BEN LEVISOHN Investors no doubt noticed that the benchmark price of oil surged this week after the announcement of the sale of an oil pipeline running from Oklahoma to Texas. But less obvious was the fact that some other oil markets barely budged. ...
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Wall Street Journal
ND oil boom fuels jobs, prosperity and concerns
On a butte southeast of town, overlooking the Missouri River, Kodiak Oil and Gas is drilling a new well, Koala. The 170-foot tall drill rig is one of 195 operating in western North Dakota, compared to 107 in early 2010. That was when Denver-based ...
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Gas prices still falling in Fort Worth-Arlington area
Fort Worth Star Telegram
Gasoline prices continue to fall in the Fort Worth-Arlington area, with the average price of a gallon of regular at $3.18, according to a report by auto club AAA, Oil Price Information Service and Wright Express. Some Tarrant County gasoline retailers ...
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TriValley Corp Reports Operating Results (10-Q)
Net oil and gas revenue increased $0.1 million and $0.3 million for the three and nine months ended September 30, 2011, respectively, primarily due to a combination of increased production at Pleasant Valley and Claflin and higher realized oil prices. ...
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Sen. Dinniman Speaks Out Against Marcellus Shale Legislation
Dinniman suggested that the tax rate for Marcellus Shale drilling should be similar to tax rates in other states with oil or natural gas reserves. “If we're going to be the Texas of the East Coast, then let's do what Texas does,” Dinniman said. ...
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KMT, DV, SM, OKE, SFSF - Noteworthy Stocks to Watch at NYSE
Retirement Planning
SM Energy Company, formerly St. Mary Land & Exploration Company, is an independent energy company engaged in the acquisition, exploration, exploitation, development and production of natural gas and crude oil in North America, with a focus on oil- and ...
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Browning Newsletter: It's Official - A Cold La Niña Winter! - Fullermoney
Proactive Investors UK
Shell Is 'Welcome Barbarian' in China's Shale-Gas Development - This is an interesting article by Stanley Reed and Dexter Roberts for Bloomberg. Here is a section: PetroChina wants Shell's expertise to unlock the unconventional gas and oil resources, ...
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Drilling application 'red tape' may delay activity to 2013
South Fork Tines
Vanderpool confirmed that the Dan A Hughes Company had submitted an application for permit to drill to the Colorado Oil and Gas Conservation Commission (COGCC.) The company owns property in the San Francisco Creek area near Del Norte. ...
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Myanmar reaches out to U.S. in historic shift
Detroit Free Press
Industries include agricultural processing, wood and wood products; copper, tin, tungsten, iron; cement, construction materials; pharmaceuticals; fertilizer; oil and natural gas; garments, jade and gems. WASHINGTON -- Focusing on Asia and an ...
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Vote on Delaware River Basin Fracking Rules Postponed
About five years ago, leases began to appear in the mailboxes of residents of Amwell Township from Range Resources, a Texas-based oil company seeking to harvest gas through hydraulic fracturing. “Fracking,” as it is known, is a process of natural-gas ...
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Alaska News Nightly: November 18, 2011
Alaska Public Radio Network
As Congress struggles to find ways to bring down the national debt, Republicans in the House are offering a plan: increase oil and gas production to pay for repairs to America's highways and jump-start the economy. Part of that includes opening up the ...
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... Partnership (MLP) operating in the natural gas and crude oil pipeline industry. With more than 50000 miles of pipelines and a market cap of $39.5 billion, it is the largest publicly traded energy partnership. It is headquartered in Houston, Texas. ...
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Barnett Shale rig count jumps to 59, up 7
Fort Worth Star Telegram (blog)
Drilling activity in North Texas' Barnett Shale, which recently has been at a seven-year low as a result of depressed natural gas prices, suddenly is on the rise. The number of active rigs in the natural gas-rich Barnett stood at 59 today, ...
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Is Devon Energy the Perfect Stock?
Motley Fool
And with stakes in Alberta's oil sands, established shale plays like the Barnett and Woodford regions, and newer ventures including the Niobrara, Tuscaloosa, and Mississippian areas, Devon certainly isn't suffering from lack of opportunity. ...
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