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

Monday, November 21, 2011

Texas Oil and Gas - News/Information - 11.21.2011

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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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Eagle Ford windfall carries pluses and minuses
FuelFix (blog)
Morning traffic like this, on Thursday in Yorktown, is taking its toll on roads across the counties in the Eagle Ford shale play. Heavy trucks are tearing up the roads and bridges, and keeping older residents at home. Photo: JOHN DAVENPORT / SAN ...
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Eagle Ford Shale takes flight
Petroleum Economist
... Petroleum Economist, log in or subscribe now. Alternatively take a free trial, giving you 48-hour access to Petroleum Economist (some articles and surveys may be excluded). Please click subscribe to read the rest of the article. EAGLE FORD SHALE RIG.
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Petroleum Economist
10-Q: EAGLE FORD OIL & GAS CORP
Middle East North Africa Financial Network
Prior to the Reverse Acquisition, in August 2010, Eagle Ford purchased a farm-in of a 1% working interest in 2400 acres and the drilling of two wells in the Eagle Ford Shale formation located in Live Oak County in South Texas for $250000. ...
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Austin Exploration Limited (ASX:AKK) Gas Shows on Eagle Ford Shale Project ...
ABN Newswire (press release)
"To encounter hydrocarbon shows in our first formation of interest is most encouraging as we drill down towards our primary objective, the Eagle Ford Shale," Austin's Chief Executive Officer, Mr Guy Goudy, said today. "Significantly, these gas shows ...
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ABN Newswire (press release)
Austin Exploration's Texas play shows promise with gas shows in mud logs from ...
Proactive Investors Australia
Austin Exploration (ASX: AKK) has encountered encouraging gas shows from just the first formation of interest at its Krueger #1 well, the first well at the Eagle Ford Shale project in Texas. The company's wholly owned US subsidiary Aus-Tex Exploration ...
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Proactive Investors Australia
Krueger shows promise for Austin
Upstream Online
Australia-listed Austin Exploration has hit gas in the Krueger-1 well on its Eagle Ford shale project at the Birch prospect in Burleson County, Texas. Austin said “encouraging” gas shows had been indentified in mud-logs from the Taylor sand formation ...
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Upstream Online
Natural Resources: Argentina has struck it rich
FT Adviser
The primary zone of interest in the Neuquén basin is the Vaca Muerta, which compares favourably to North American shale plays such as Eagle Ford, Barnett, Marcellus, Haynesville and Horn River. The formation has an average thickness of more than 200 ...
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Chesapeake tops Marcellus production in W. Va.
Fort Worth Star Telegram (blog)
2 natural gas producer in North Texas' Barnett Shale, is the runaway leader in Marcellus Shale gas and oil production in West Virginia, according to a report today by the Powell Shale Digest. Pennsylvania is the No. 1 state for production in the ...
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ERF Wireless Reports 51% Increase in Quarterly Revenues and 129% Increase in ...
MarketWatch (press release)
Richard Royall, CFO of ERF Wireless, commented, "During the third quarter of 2011, we continued to generate substantial growth in the oil and gas sector and have dramatically improved our overall financial condition since fiscal year end, ...
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ACOR Signs Agreement to Acquire Surat Basin Assets Onshore Australia and ...
PR Newswire (press release)
He began his career with Mobil Oil, leaving after several years to join the independent sector. He has been involved as President and Director for a number of public and private oil and gas companies. In these positions he was responsible for ...
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The Top-Performing Income Stocks Many Investors Don't Know About
StreetAuthority
Permian Basin Royalty Trust (NYSE: PBT), a trust that owns royalty interests in oil-and-gas producing wells in Texas, returned 743% since 2001, thanks to its 6.8% yield. North Euro Oil (NYSE: NRT), a trust that owns oil and gas royalty interests in ...
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Perry's leadership style is sometimes costly
Los Angeles Times
... broadband fiber and pipes to pump oil, natural gas and water to a rapidly growing state. Perry called it the Trans-Texas Corridor, and advertised his blueprint as "bold" and "visionary" — a "plan as big as Texas and as ambitious as our people. ...
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Los Angeles Times
Ecosphere Ozonix Technology Passes One Billion Gallons of Frac Water Treated
MarketWatch (press release)
Mr. Cathey continued, "Our new Ozonix EF80 units, under the operation of our US onshore oil & gas licensee, were recently used to successfully treat water for oil well fracturing in South Texas. We are very excited about this new additional market for ...
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DN Editorial: Oil, gas pains
Philadelphia Inquirer
Activists are almost giddy at this victory, coming as it does less than two weeks after forcing a year's delay in approving the "tar sands" pipeline between Canada and Texas. Yet threats to the environment still loom. Both sides know that with delays ...
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Eagle Energy Trust recalls an era of 'economic cocaine'
Alberta Oil Magazine
The company purchased natural gas assets in the West Panhandle Field of Texas. Production at the liquids-rich property is currently about 4000 barrels of oil equivalent per day. Half a year after launching, Parallel's share price sits just under $10 ...
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Alberta Oil Magazine
EPA Fracking Waste Rules Debated
propane.pro
State officials concerned about maximizing returns from their oil and gas reserves have questions proposed federal regulations around the disposal of wastewater from fracking wells. (image: ecoswitch.com) Restrictive federal regulation of hydraulic ...
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propane.pro
CLARIANT AG : Clariant Oil & Mining Services opens new office in Malaysia
4-traders (press release)
Clariant Oil Services is a leading provider of chemical technologies and services to the oil and gas, pipeline and refinery industries. A global business with headquarters in Houston, Texas, Clariant Oil Services is represented in all major oil and gas ...
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VME Process Grows From Tyler Into Worldwide Company
Middle East North Africa Financial Network
In business since 1985, the company serves global needs of onshore and offshore solutions in the oil and gas industry. It provides equipment that separates liquids and gases into various components, such as separating oil, water and gas from crude oil ...
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5 Big Buys And 3 Big Sells For Michael Dell
Seeking Alpha
Energy XXI is an oil & gas equipment provider, headquartered in Bermuda. EXXI also operates several fields in Louisiana, Texas, and Gulf of Mexico. Its proven reserves are valued at near 120 million barrels of oil equivalents. Similar to other oil ...
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Biggest oil find in decades becomes $39 billion cautionary tale
Chicago Daily Herald
“We don't have clarity either about the time-frame and cost or about the planned production volumes at the second stage,” Kazakh Oil and Gas Minister Sauat Mynbayev said last month. One option is building more islands, similar to the existing 0.7 ...
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Oil prices fall sharply on fears of slow growth
The Associated Press
NEW YORK (AP) — Oil prices fell nearly two percent Monday over fears that the world economy will remain weak and push down demand for crude. West Texas Intermediate oil, which is used as a benchmark to price oil in much of the US, fell $1.30 to $96.37 ...
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Iraq Might Ask Shell to Take Over Exxon Field
Wall Street Journal
Exxon Mobil has signed six oil- and gas-exploration deals with the northern Kurdish regional government, which is at loggerheads with the central government in Baghdad over oil, land rights and distribution of power between the regional and central ...
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The Politics Of Gas Pipelines In Asia
CounterCurrents.org
In 1995, Unocal signed an $8 billion deal with Turkmenistan to construct two pipelines (one for oil, one for gas), as part of a larger plan for two pipelines intended to transport oil and gas from Turkmenistan through Afghanistan and into Pakistan. ...
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Surveying And Mapping, Inc. Establishes New Subsidiary to Perform Construction
Spatial News (press release)
The new subsidiary will focus primarily on transportation, electric transmission, oil and gas pipeline, and water/wastewater projects. SAM-CS, Inc. will also be able to deploy LiDAR-based data collection tools and other state-of-the-art technologies ...
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The US and Canada: we used to be friends
Macleans.ca
The project would not increase greenhouse gas emissions, State reasoned, because the oil would be produced for somebody to use in any case. And State also looked at 14 alternative routes and decided that none of them was preferable to the one proposed ...
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Insight: Bakken plans first US refinery in 35 years
Reuters
These are key ingredients to hydraulic fracturing, or fracking, which involves injecting a mix of water, sand and chemicals into shale formations at high pressures to extract oil and gas. That is on top of diesel used in the fracking process as well as ...
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Fracking and the Boom Town Blues
Fayetteville Observer (blog)
Many of the skilled jobs are also taken up by out-of-towners, they said, by people trained in the oil and gas industry. Locals take the lower-wage jobs – such as driving buffalos (water-bearing trucks) and the like. The retail economy also gets a big ...
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25 Ways To Invest In Natural Gas
Seeking Alpha
With natural gas production dominating crude oil, CHK allows investors to make a stronger play on the commodity while hedging the risks with some crude oil exposure. 7. Cimarex Energy (XEC): This oil and gas exploration/production company is in the ...
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US Gas Prices Dip Nearly Five Cents
KHBS-KHOG Northwest Arkansas
The slide comes despite an upward trend in the price of West Texas Intermediate crude, the benchmark product for the US oil market. But that increase is being offset by a decline in other varieties of crude, including Britain's benchmark Brent crude, ...
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The Week Ahead: Some progress despite rancor
Houston Chronicle (blog)
House companion legislation has erupted into party warfare as Republicans suggest paying for highways by drilling in Arctic wilderness and Democrats counter with legislation to raise fees and royalties paid by oil and gas drillers. ...
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Houston Chronicle (blog)
Local Economic Snapshot: Oil and natural gas wildcatters make comeback in Texas
Dallas Morning News (subscription)
In Firefox, go to Tools / Clear Recent History. Check the "Cache" box and uncheck all other boxes. Click "Clear now." In Internet Explorer, go to Tools / Internet Options. Check the "Delete browsing history on exit" box. Select "OK. ...
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Lawyer urges that Fort Worth require recycling of recovered water used in ...
Fort Worth Star Telegram (blog)
Fort Worth should require recycling of wastewater recovered in the process of hydraulic fracturing of Barnett Shale natural gas wells, rather than continuing to allow disposal of the water in underground injection wells, Fort Worth environmental lawyer ...
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NC lawmakers take a one-sided look at fracking
Facing South
4100 wells), and the #1 producer of shale gas in the world (~1.7bcf/day during 3rd qtr 2011). Chesapeake is the #1 Marcellus leaseholder (1.72 million acres), the #1 Haynesville/Bossier (ArkLaTex region) leaseholder (500000 acres), and #2 Barnett shale ...
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Energy Stocks: Winners and Losers
TheStreet.com
Quicksilver Resources climbed 3.4% last week after it was known that the company has ramped up its Barnett Shale production by almost 19% in the third quarter. Enbridge Energy Partners(EEP) accumulated 3.2%. It was known last week that the company's ...
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Community must be consulted
Hawke's Bay Today
On February 12, 2010, Garth Johnson, then CEO of Tag Oil, commented in a publicity release "the Waipawa black (Hawke's Bay) shale has characteristics very similar to the Bakken Formation and Barnett Shales of Texas," where thousands of petroleum/gas ...
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