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Texas Oil and Gas - News and Information
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Eagle Ford Shale, Barnett Shale, Austin Chalk
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| Plains sees Eagle Ford margin pressure going forward Reuters UK N) said on Thursday it sees some margin pressure going forward if crude oil production from the Eagle Ford shale play is less than the capacity of the pipelines currently planned. A company spokesman said that margin compression could ensue if ... See all stories on this topic » | ||
| 10-Q: PENN VIRGINIA CORP Middle East North Africa Financial Network The primary development play types that we are currently focused on include the Eagle Ford Shale play in South Texas and the horizontal Granite Wash play in the Mid-Continent. We recently drilled several exploratory wells in the Marcellus Shale play in ... See all stories on this topic » | ||
| Pioneer banks on Texas liquids production Gas Business Briefing Pioneer Natural Resources Co's production rose 8% to 128 MBOE/d from the second to third quarter, driven by Texas liquids-rich growth assets in Spraberry Field, Eagle Ford Shale and Barnett Shale Combo. The increase follows a 7% increase from the first ... See all stories on this topic » | ||
| Gail opens Singapore office; to focus on more shale plays Platts Gail bought a 20% stake in Houston-based Carrizo Oil and Gas' Eagle Ford Shale operations in late September, its first shale gas asset purchase. The company plans to invest around $300 million over the next five years, including an upfront cash payment ... See all stories on this topic » | ||
| Goodrich Petroleum Announces Third Quarter Financial and Operational Results MarketWatch (press release) Production is expected to average 108000 - 112000 Mcfe per day in the fourth quarter of 2011, due to an approximate 40% reduction in capital expenditures for the quarter, along with pipeline curtailment issues in the Eagle Ford Shale, which is expected ... See all stories on this topic » | ||
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| Pioneer Natural Resources Sees Production Soar in Third-Quarter 2011 From ... MarketWatch (press release) ... as its three major liquids-rich assets in Texas -- in the Eagle Ford Shale, the Spraberry oil field and the Barnett Shale Combo -- played a leading role in boosting the company's production to about 128000 barrels of oil equivalent per day. ... See all stories on this topic » | ||
| 10-Q: SM ENERGY CO Middle East North Africa Financial Network Our assets include leading positions in the Eagle Ford shale and Bakken/Three Forks resource plays, as well as meaningful positions in the Granite Wash, Haynesville shale, and Woodford shale resource plays. We have built a portfolio of onshore ... See all stories on this topic » | ||
| Cramer's Mad Money - Diamond In The Rough (11/2/11) Seeking Alpha EOG is the top producer in the Bakken and Eagle Ford shales and is "like an ETF of the hottest oil properties." The company delivered a 7 cent earnings beat and better than expected revenues. Crude oil production increased 54%, and the company ... See all stories on this topic » | ||
| Magellan cuts costs on Houston crude line Reuters Magellan also plans to expand its Houston-area capacity to ferry Eagle Ford shale oil to area refineries. The company plans to build a six-mile line that will connect with the Genoa and Speed Junction interchanges, which will then link with another ... See all stories on this topic » | ||
| Talisman Energy's CEO Discusses Q3 2011 Results - Earnings Call Transcript Seeking Alpha During the quarter, we closed 2 transactions for additional undeveloped land in the Eagle Ford shale play for approximately $130 million. And year-to-date, North America undeveloped land acquisitions total $640 million. At September 30, there was $420 ... See all stories on this topic » | ||
| Swift Energy Announces: 81% Increase in Third Quarter 2011 Earnings from ... MarketWatch (press release) In the Company's South Texas core area, ten operated horizontal development wells were drilled to the Eagle Ford shale: six wells in McMullen County, three in Webb County and one in LaSalle County. In Swift Energy's Central Louisiana/East Texas core ... See all stories on this topic » | ||
| Regency Energy Partners Reports Third-Quarter 2011 Results MarketWatch (press release) The increase was primarily due to volume growth in the Eagle Ford Shale and Permian Basin. Total throughput volumes for the Gathering and Processing segment increased 36% to 1.3 million MMbtu per day of natural gas in the third quarter of 2011, ... See all stories on this topic » | ||
| Pioneer swings to a profit in third quarter San Antonio Express Locke said drilling activity “has remained robust in the Eagle Ford shale of South Texas and in the Bakken shale and Marcellus shale of Montana and Pennsylvania, respectively, as well as in the Permian Basin of West Texas.” Pioneer also has a presence ... See all stories on this topic » | ||
| Diamond Foods, Pioneer Natural, ReachLocal: US Equity Movers BusinessWeek The natural gas and crude oil company said output of petroleum liquids rose 49 percent in the third quarter from a year earlier, helped by growth in the Eagle Ford shale formation in Texas. The company plans to boost work in the Wolfcamp project in ... See all stories on this topic » | ||
| Murphy Oil Announces Preliminary Quarterly Earnings MarketWatch (press release) Production expenses rose in 2011 due to an ongoing well workover program at the Kikeh field and higher production at onshore fields in the Eagle Ford Shale area in the US and the Montney area of Western Canada. Total exploration expense was $304.5 ... See all stories on this topic » | ||
| Whiting Petroleum: Growth, Value, And Speculation In One Seeking Alpha In general, this is true in both of the oily Bakken and Eagle Ford shales. Small companies such as GeoResources (GEOI) and Kodiak Oil and Gas (KOG) have had healthy run-ups recently as "risk-on" money has come back into the market as a result of events ... See all stories on this topic » | ||
| City park is delayed by lack of water San Antonio Express Apparently, our one little public water well was not enticing enough to attract more responses. Currently, there is an oil and gas boom in the Eagle Ford shale in South Texas. Large amounts of water are required to hydraulically fracture the shale. ... See all stories on this topic » | ||
| Quanta Services' CEO Discusses Q3 2011 Results - Earnings Call Transcript Seeking Alpha In the quarter, we were awarded and are currently working on building more than 190 miles of large-diameter pipeline for Enterprise Products Partners in the Eagle Ford Shale. We were also awarded and are now working on shorter-mileage, large-diameter ... See all stories on this topic » | ||
| CSI breaks ground on year's second expansion project My West Texas He cited as an example the Eagle Ford shale play in South Texas, where CSI has added "numerous employees" and the Bakken shale play in North Dakota and Montana. The company, he reported, is building a service facility in Williston, ND Even though CSI ... See all stories on this topic » | ||
| Commercial real estate starts SA rebound San Antonio Express The industrial market remains fairly flat, but the influx of companies to the Eagle Ford shale is boosting its numbers. The citywide vacancy rate is 13 percent with average rental rates at $5.53. The southern part of the city is benefiting from that ... See all stories on this topic » | ||
| Energy Transfer Partners Reports Third Quarter Results MarketWatch (press release) The components of our midstream segment gross margin were as follows: -- An increase in fee-based revenues due to increased volumes from production in the Eagle Ford Shale and additional volumes due to growth projects located in Louisiana and West ... See all stories on this topic » | ||
| EXCO Resources gets approach for shale deals Reuters "We are looking at four deals in the Bakken, three or four deals in Eagle Ford, three or four deals in West Texas," a company executive said on a conference call with investors, adding there were 'reasonably priced' deals in the market. ... See all stories on this topic » | ||
| Goodrich Petroleum (GDP) Posts Quarterly Earnings Results, Misses Estimates By ... LocalizedUSA In December 2009, the Company acquired lease interests in approximately 12000 net acres in Nacogdoches and Angelina Counties of Texas. In April 2010, the Company acquired 35000 net acres in the oil window of the Eagle Ford Shale. See all stories on this topic » | ||
| EOG Resources shares climb after 3Q report BusinessWeek Robert W. Baird & Co. said EOG's liquids production continued to be strong and wells in Texas' Eagle Ford shale formation were "superb due to improved completion techniques." Jefferies & Co. said production was driven by strong results at Eagle Ford. ... See all stories on this topic » | ||
| EOG Resources Shares Jumped: What You Need to Know Motley Fool Now what: Management has been happy with better-than-expected production in Eagle Ford, and the company is accelerating exploration in the Bakken shale. I see nothing to complain about here and think the future looks bright with expanded exploration. ... See all stories on this topic » |
| EVEP, EnerVest to Acquire Properties in the Barnett Shale MarketWatch (press release) With these deals, EVEP and EnerVest will have acquired more than $2 billion of Barnett Shale assets in the past year, making us one of the largest producers in the basin," says John B. Walker, Chairman and Chief Executive Officer. ... See all stories on this topic » | ||
| The Barnett Shale's children Fort Worth Star Telegram (blog) Which is bigger in the history of energy - the discovery of the East Texas Field in 1930 or the development of the Barnett Shale? Robert Bryce, an author and Fellow at the free-market oriented Manhattan Institute, says the Barnett. ... See all stories on this topic » | ||
| Devon Energy profit beats expectations; shares up nearly 5% Fort Worth Star Telegram By Jim Fuquay Shares in Devon Energy, the largest producer in the Barnett Shale, rose nearly 5 percent Wednesday after it reported higher-than-expected earnings and said it was seeking a joint venture partner to develop shale oil and natural gas in ... See all stories on this topic » | ||
| Plenty of hype and horror but shale gas is no game-changer in the UK The Guardian (blog) But analysis by the experts shows that shale is not the holy grail you want it to be. 1. Availability of drilling rigs: Shipping drilling rigs to the UK is a problem? No. 2. UK population density: USA Barnett Shale population density is higher than UK ... See all stories on this topic » | ||
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| Devon Energy's CEO Discusses Q3 2011 Results - Earnings Call Transcript Seeking Alpha Shifting to the Barnett Shale field in North Texas. We currently have 12 operated rigs running. In the third quarter, we brought 77 Barnett wells online. We are continuing to see outstanding results from our Barnett program in the liquids-rich portion ... See all stories on this topic » | ||
| The more it's delayed, the less Keystone will be needed National Post (registration) While some of those liquids came from its position in the oil sands and other Canadian oil plays, some of it came from US fields such as the Permian basin, the Barnett shale and the Granite Wash. “In the future … we are going to continue to allocate ... See all stories on this topic » | ||
| Total lines up to join Sabine Pass liquefaction push ICIS (subscription) ... studying the possibility of exporting US gas but provided no additional details. Total secured a firm upstream US unconventional gas presence in December 2009 when it purchased 25% of Chesapeake Energy's portfolio in the Barnett Shale Basin in Texas. See all stories on this topic » | ||
| EOG Resources Sharpens Focus on Eagle Ford Oil and Liquids NGI's Shale Daily (subscription) "I also continue to believe this is the largest oil discovery net to any one company in the last 40 years in the US" Led by output from the Eagle Ford and, to a lesser extent, the Fort Worth Barnett Shale combo, EOG reported a 64% increase in domestic ... See all stories on this topic » |
| Crimson Exploration Increases Acreage Position in Madison County ... MarketWatch Additional horizontal potential exists in other proven reservoirs including the Austin Chalk, Buda, Georgetown, Lewisville and Glen Rose Formations. ... |
| Torchlight signs LOI to farm-out interest in Texas block Energy Business Review The companies will likely be targeting the Buda formation for completion, although there are several target formations, including the Austin Chalk, ... |
| Swift Energy Announces: 81% Increase in Third Quarter 2011 ... Insurance News Net Our first operated well targeting the Austin Chalk in the Burr Ferry area was drilled, and we have resumed drilling in the Masters Creek field. ... |
| Enduro Royalty falls in market debut Reuters By Sharanya Hrishikesh Nov 3 (Reuters) - Enduro Royalty Trust's units fell more than 3 percent in their market debut, even after the oil and gas developer cut its price range twice. The Austin, Texas-based company had priced its initial public offering ... See all stories on this topic » | ||
| EnerVest to buy Barnett Shale assets for $975M Bizjournals.com Houston-based EnerVest Ltd. is buying natural gas producing assets in the Barnett Shale formation in North Texas from Encana Oil & Gas Inc. (NYSE: ECA) for about $975 million. Completion of this sale will put Encana's total divestitures close to $1.7 ... See all stories on this topic » | ||
| Cimarex Reports Third-Quarter 2011 Net Income of $128.2 Million MarketWatch (press release) Gulf Coast production decreased as a result of declines in wells drilled over the last two years near Beaumont, Texas. Third-quarter 2011 production volumes were 56% gas, 27% oil and 17% NGLs. Third-quarter 2011 realized oil and NGL prices increased ... See all stories on this topic » | ||
| Drilling not seen as draining area's water San Antonio Express “It's important to put water usage by the oil and gas industry in perspective,” Brownlow said. “For every one acre-foot of water used in fracking, 280 acre-feet are used for other purposes in South Texas,” he said. Brownlow suggested that oil and gas ... See all stories on this topic » | ||
| IPAA, Forbes & Chestnut Petroleum MarketWatch (press release) The Chestnut Group of Companies concurs with Steve Forbes that the oil and gas industry does its fair share. A review of Chestnut's oil sales statement to one of our purchasers for some of our fields in Texas and Louisiana for September, ... See all stories on this topic » | ||
| GMX Resources Posts A Third-Quarter Loss On Impairment Expenses Wall Street Journal The energy company, which explores for and produces oil and gas in Texas, Louisiana, Kansas, Oklahoma and New Mexico, hasn't posted a profit since the quarter ended September 2010. Shares plunged 23% to $1.89 in recent trading as results missed ... See all stories on this topic » | ||
| Just the facts: Louisiana oil industry by the numbers Daily Comet By most measures, the state and the waters off its coast rank first or second, behind Texas, in the amount of oil and gas produced and transported around the nation for use as gasoline, heating oil and other vital products. ... See all stories on this topic » | ||
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| Concho Resources' CEO Discusses Q3 2011 Results - Earnings Call Transcript Seeking Alpha Well, our gas, oil mix has been pretty steady really, through the year, roughly 61% to 63% oil through the year. And so I don't think that really affected it much, tough to know. Okay. So that 2000 barrels are sort of distributed between oil and gas in ... See all stories on this topic » | ||
| Denbury Resources Q3 Profit Surges On Gains, Oil & Gas Prices RTT News ... higher oil and gas prices. As well, both earnings and revenues for the quarter came in well ahead of Street estimates. Following the news, shares of Denbury Resources rose six percent on the New York Stock Exchange. The Plano, Texas-based company's ... See all stories on this topic » | ||
| Is It Time to Rename the Texas Ratio? American Banker Texas' share of total US exports is more than 17%, far and away the highest percentage among the fifty states. And Texas is the No. 1 producer of oil and gas in the nation, with about 45% of all active drilling rigs. But even though Texas jobs, ... See all stories on this topic » | ||
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| Mergers and Acquisitions Taking Place Around the Globe: Encana, Gushang ... NewsyStocks.com Encana Oil & Gas (USA) Inc., a natural gas producer operating in the region of northeast British Columbia to East Texas and Louisiana, announced that the company has reached an agreement to sell its North Texas natural gas producing properties to ... See all stories on this topic » | ||
| Husky Energy Delivers Another Quarter of Strong Earnings and Cash Flow MarketWatch (press release) The Company was active across its portfolio of oil and gas resource plays in the third quarter as it looks to maintain production levels in Western Canada. Husky has an extensive Western Canadian oil resource land base of approximately 500000 acres and ... See all stories on this topic » | ||
| Thompson & Knight Named “Law Firm of the Year” in Oil & Gas Law PR.com (press release) Dallas, TX, November 03, 2011 --(PR.com)-- The global law firm of Thompson & Knight has been named the “Law Firm of the Year” in Oil & Gas Law in the 2011-2012 edition of Best Law Firms, the preeminent listing of the nation's top legal practices from ... See all stories on this topic » | ||
| Petroleum industry's landsmen essential to oil and gas exploration companies Carlsbad Current Argus ... a petroleum landman is an individual who performs various services for oil and gas exploration companies. derived from ownership of interests in minerals; and unitizing or pooling of interests in minerals. Garrett Frank, based in Midland, Texas, ... See all stories on this topic » | ||
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| 10-Q: OCCIDENTAL PETROLEUM CORP /DE/ Middle East North Africa Financial Network Oil and gas production in the first nine months of 2011 was 728000 BOE per day, compared with 703000 BOE per day (net of noncontrolling interest) for the 2010 period. Domestic volumes increased primarily due to new operations in South Texas and the ... See all stories on this topic » | ||
| Encore Energy Partners LP Announces Third Quarter 2011 Results MarketWatch (press release) On June 22, 2011, pursuant to two Purchase and Sale Agreements, ENP agreed to acquire producing oil and natural gas assets in the Permian Basin in West Texas (the "Purchased Assets") from a private seller. ENP and Vanguard agreed to purchase 50% of the ... See all stories on this topic » | ||
| Dawson Geophysical to Issue Fourth Quarter 2011 Results and Hold Investor ... PR Newswire (press release) Founded in 1952, Dawson acquires and processes 2-D, 3-D, and multi-component seismic data solely for its clients, ranging from major oil and gas companies to independent oil and gas operators as well as providers of multi-client data libraries. ... See all stories on this topic » | ||
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| 10-Q/A: NEW WESTERN ENERGY CORP Middle East North Africa Financial Network On December 1, 2010, we formed an entity named New Western Texas Oil and Gas Corporation ("New Western Texas") incorporated in the State of Nevada, as our wholly-owned subsidiary. New Western Texas started its operations in January 2011. ... See all stories on this topic » | ||
| Suncor Q3 profit rises on higher oil sands production Reuters Canada (Reuters) - Canada's largest oil and gas producer Suncor Energy Inc's (SU.TO: Quote) third-quarter profit rose 5.7 percent, helped by higher production from its oil sands business and a rise in oil prices. Suncor reported net income of C$1.29 billion, ... See all stories on this topic » | ||
| 1920s filling station on S. Flores out of gas San Antonio Express The San Antonio Conservation Society supported preserving the building, arguing it is a “tangible link to one of the few Texas oil and gas companies with direct manufacturing ties to San Antonio.” But several people supported plans to raze it and ... See all stories on this topic » | ||
| Enterprise Prospers On Vol Growth Daily Markets The pipeline systems benefited from Texas Intrastate, San Juan and Jonah natural gas gathering pipeline systems. The gross operating income from the Onshore Crude Oil Pipelines & Services segment shot up nearly 93% year over year to $67.4 million in ... See all stories on this topic » | ||
| Can Anyone Really Create Jobs? New York Times And while both Perry and Mitt Romney propose that further oil and gas drilling in the US will transform the jobs picture, only 30000 Americans work in oil and gas extraction, and about another 125000 in support occupations. With more than 25 million ... See all stories on this topic » | ||
| In the News: AER Energy Resources Inc. (AERN) Tech24 Earlier this week, AERN announced the signing of an agreement with Rehoboth Oil & Gas LLC, a Baytown, Texas-based company. As per the terms of agreement between the two companies, AERN will acquire three oil and gas leases for producing wells from ... See all stories on this topic » | ||
| Callon Petroleum Company Issues Guidance For Full Year 2011 MarketWatch (press release) Listed below are the outstanding hedges for crude oil for the remainder of 2011 shown in volumes. Callon Petroleum Company is engaged in the acquisition, development, exploration and operation of oil and gas properties in Texas, Louisiana and the ... See all stories on this topic » | ||
| Imperial Resources, Inc.; Oklahoma Test Well to Be Put on Production Your Oil and Gas News (press release) AUSTIN, Texas, Nov. 2, 2011 /PRNewswire/ -- Imperial Resources, Inc. (OTCBB: IPRC) and its wholly owned subsidiary, Imperial Oil & Gas, Inc. (together the "Company", "Imperial") is pleased to announce that a well in which Imperial owns a nominal ... See all stories on this topic » | ||
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| Permian Basin's unconventional oil plays driving production rebound My West Texas Ingham said oil and gas-related employment also continues to climb, rising 6.1 percent in September compared to a year ago. He reported there were 29600 employed in the industry in September, compared to 27900 last September. So far this year, ... See all stories on this topic » | ||
| Make energy policy about energy, not jobs The Economist (blog) A billboard for oil and gas glibly promises several million new jobs, if America would just support the industry. People who support the controversial Keystone XL pipeline, which would ferry oil from the tar sands of Canada to the refineries of Texas, ... See all stories on this topic » | ||
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| Gas burns brighter CanadianBusiness.com A) Calgary's Painted Pony Petroleum, a junior oil and gas company, has been a “huge winner,” says Sprott fund manager Eric Nuttall. It recently flowed the highest volume of natural gas ever from a well in the Montney shale formation in BC and Alberta. ... See all stories on this topic » | ||
| Legacy Reserves LP Announces Third Quarter 2011 Results MarketWatch (press release) As of November 2, 2011, we had entered into derivatives agreements to receive average NYMEX West Texas Intermediate oil and WAHA, ANR-Oklahoma, and CIG-Rockies natural gas prices as summarized below starting with October 2011 through September 2016: See all stories on this topic » | ||
| Devon Energy Wants a Joint-Venture Partner Wall Street Journal (blog) By Isabel Ordonez Devon Energy Corp. said Wednesday it is looking for a partner for five exploratory oil and gas projects in various states as it seeks to share costs and improve capital efficiency. Speaking to analysts in a conference call, ... See all stories on this topic » | ||
| Magellan Midstream pursues expansion projects Gas Business Briefing Magellan Midstream Partners LP is evaluating $500m of potential new growth projects, Gas Business Briefing understands. The $500m in projects are in earlier stages of development and excluded from spending estimates. One such project is a venture with ... See all stories on this topic » |
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