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Today's words of Wisdom...

30. "If you get to thinkin' you're a person of some influence, try orderin' somebody else's dog around."
~ 38 Texas Proverbs

Wednesday, December 07, 2011

Texas Oil and Gas - News and Information - 12.8.2011

Continue scrolling down the page; Large volume of stories today.
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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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Marathon beefing up Eagle Ford presence
San Antonio Express
By Simone Sebastian, simone.sebastian@chron.com A trimmed-down Marathon Oil has announced a $4.8 billion capital spending budget for 2012, with about one-third going to building up its presence in the Eagle Ford Shale. The Houston-based company plans ...
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Austin Exploration Limited (ASX:AKK) Drilling Update on Eagle Ford Shale ...
ITNews
Austin Exploration Limited (ASX:AKK) - on behalf its wholly owned US subsidiary Aus-Tex Exploration Inc- provides the following update on drilling of the Krueger #1 well, the first well on the Company's Eagle Ford Shale project at the Birch Prospect in ...
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RTA offers free rides Wednesday to Eagle Ford job fair, veterans cemetery ...
Corpus Christi Caller Times
By Mike D. Smith CORPUS CHRISTI — Attendees to either the Coastal Bend Veterans Cemetery dedication or the Eagle Ford Shale job fair Wednesday can get free rides on Corpus Christi Regional Transportation Authority buses. People going to the dedication ...
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Carrizo: A Cheap Small-Cap Oil and Gas Name
CNBC.com (blog)
The company had production issues in the Eagle Ford shale last quarter and there are concerns over its North Sea asset. Cramer isn't too worried since management has stated it has new Eagle Ford wells coming on soon and it expects to get its North Sea ...
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REFILE-NuStar Energy sees growth across its businesses
Reuters UK
One of pipelines, which saw volumes shrink as diesel exports grew, has found new life with Eagle Ford Shale, Blank said. A another line carries Eagle Ford from the area of Valero's 100000-barrel-per-day Three River refinery to Corpus Christi. ...
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Canaccord Genuity Starts GeoResources (GEOI) at Buy; Concentrated Eagle Ford ...
StreetInsider.com (subscription)
Canaccord analyst, John Gerdes, said, "GeoResources presents concentrated leverage to two of the most prolific liquids-oriented resource plays in the country: the South Texas Eagle Ford Shale and the Williston Basin Bakken Shale. ...
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Royal Dutch Shell: Exports, truck fuel among options for rising US shale-gas ...
Fort Worth Star Telegram (blog)
Shell spent $4.7 billion last year to buy most of East Resources, a shale-gas producer with fields in the Eagle Ford Shale play in South Texas and the Marcellus Shale in Pennsylvania. This is only a preview. Your comment has not yet been posted. ...
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Port of Corpus Christi executive director discusses industry issues at Gulf ...
Corpus Christi Caller Times
John LaRue, executive director of the Port of Corpus Christi, said some of the immediate opportunities for the port include the expanding footprint of the Eagle Ford Shale play. Oil and gas production may by as early as 2013 make the port a domestic ...
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Chesapeake Energy receives industry awards
Northern Colorado Business Report
The awards included the Industry Leadership Award and the Deal of the Year Award for its joint industry ventures in the Eagle Ford Shale and Denver-Julesberg and Powder River basins with a subsidiary of CNOOC Limited. The Platts awards recognize ...
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The Morning Leverage: Win One (Or $3 Billion) For The GIP-er
Wall Street Journal (blog)
The deal includes about 120 miles of crude oil and condensate pipelines in the Eagle Ford Shale area of South Texas and a storage facility with a 185000-barrel capacity. Also, Bayside Capital acquires Alexander Gallo Holdings, a provider of ...
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5-Star Stocks Poised to Pop: Marathon Oil
Motley Fool
The company is also poised to profit from the booming shale plays (Niobrara, Eagle Ford Shale, Bakken Shale) as they increase production and purchase up more land and from the rising cost of oil in general due to booming 3rd world economies and ...
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Lack of skills holding back US recovery
San Antonio Express
A new category is “energy,” coming from the all the employment materializing in South Texas from the Eagle Ford Shale. Because of the high demand for workers there, the pay levels are attractive, even for positions that offer on-the-job training. ...
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Precision goes high tech with drilling rigs
Globe and Mail
The US Bakken, Eagle Ford shale, and Utica plays are also attracting business, he said. “We're seeing pretty uniform demand across all those areas.” Precision, which Alberta Investment Management Corp., a pension fund manager, rescued in the spring of ...
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Comstock acquires Delaware Basin acreage for $332.7m
Gas Business Briefing
Comstock Resources Inc is acquiring acreage in the Delaware Basin of West Texas from Eagle Oil & Gas Co for $332.7m, Gas Business Briefing reports. "This acquisition establishes a new oil-focused core area for us," states M Jay Allison, Comstock's CEO. ...
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Melrose Resources sells gas assets in Texas
Energy Business Review
Oil and gas exploration and production firm Melrose Resources has completed the sale of its gas assets in Texas to Faulconer Resources 2010 Limited Partnership for $5.8m. The divested assets in south east Texas had net proven plus probable reserves of ...
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Texas Tech research used to keep lizard off endangered list
MYfoxLUBBOCK.COM
If a tiny lizard makes the endangered species list, it could put tens of thousands of oil and gas jobs in our area at risk. Texas Senator John Cornyn is working to keep that from happening and now with help from Texas Tech research. ...
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Anadarko Considers Potential Sale of Mozambique Gas Fields
Bloomberg
Anadarko, the largest US independent oil and gas producer by market value, has an agreement to pay London-based BP Plc $4 billion to settle claims related to an offshore US oil spill in the Gulf of Mexico last year. Anadarko had a stake in BP's Macondo ...
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Prices and Profits: US Shale Gas
India Infoline.com
US gas producers know that low natural gas prices make their current efforts unprofitable in some locations. They are beginning to shift more and more of their rigs to wetter, oilier prospects such as South Texas' Eagle Ford Shale and shale oil plays ...
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Melrose sells Texas assets
Herald Scotland
MELROSE Resources, the Scottish oil and gas explorer, said yesterday it has completed the sale of its gas assets in south-east Texas to Faulconer Resources for $5.8 million (£3.7m), and will focus on developing its assets in Egypt and the Black Sea. ...
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Hunt Global building frac-sand mining/processing facility
Gas Business Briefing
"The current boom in oil shale drilling here in the Southwest has created a resurging demand for local frac-sand," says George T Sharp, CEO of Hunt Global, in a statement. Sharp adds that Texas frac sand has historically been undervalued by oil and gas ...
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Total Said to Consider Chesapeake's $2.14 Billion Ohio Shale
BusinessWeek
7 (Bloomberg) -- Total SA, France's largest oil and gas producer, may buy a stake in Chesapeake Energy Corp.'s holdings in Ohio's Utica shale, a person with knowledge of the matter said. Total is considering the acquisition, the person said, ...
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Mitsui Closes Shale Oil/Gas Deal in Texas
MarketWatch (press release)
Mitsui has participated in shale oil/gas projects in the United States and Poland, and aims to expand its shale business into other countries leveraging its global network and the knowledge acquired through these projects.
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Local Eagle Ford jobs to reach 10000 in 3 years
FuelFix (blog)
(Photo: John Davenport/San Antonio Express-News) The Eagle Ford Shale already has brought 5000 jobs to San Antonio, and former Mayor Henry Cisneros offered a new expectation Tuesday, saying the oil and gas development likely will bring a total of 10000 ...
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FuelFix (blog)
Rose Rock Midstream plans $140M IPO
CBS News
The Tulsa, Okla., oil and gas company joins a growing list of energy IPOs this year. Memorial Production Partners LP, a Houston natural gas producer, is planning a $200 million offering. Both companies are expected to begin trading this week. ...
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A Safe Way to Profit from America's New "Millionaire Factories"
DailyWealth
Enormous wealth is being generated by the rush to exploit massive new oil and gas finds around the United States – in places like south Texas, North Dakota, and Pennsylvania. And the local banks in these areas are a great way for risk-averse investors ...
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Marathon Oil Sets 2012 Capital, Investment and Exploration Budget
MarketWatch (press release)
These assets include production operations in the Gulf of Mexico, Norway, US conventional oil and gas plays, Equatorial Guinea, the United Kingdom and Libya. With a continued emphasis on high operational reliability, Marathon will continue to stress a ...
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C&J Energy Knows The Drill When It Comes to Oil, Gas
Investor's Business Daily
Most of its work is concentrated in the Eagle Ford Shale, also located in Texas. Eagle Ford has an estimated 25 billion barrels of oil equivalent. Since companies have only been drilling there a couple of years, the region should provide plenty of ...
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Developer, residents look for compromise in northwest Midland proposal
My West Texas
It's anticipated oil wells and tank batteries also will be added. Developer Richard Dunham said they're working to plan in conjunction with the mineral owner and hope to provide an example for Midland of how the oil and gas industry and surface ...
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Shell Weighs Options for U.S. Shale Gas
Bloomberg
The fuel will overtake crude oil to account for more than 50 percent of Shell's global production next year, driven in part by the development of shale gas fields in Texas and Pennsylvania. “This percentage goes up over the next years to come as most ...
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Bloomberg
Southwestern Stays Neutral
Zacks.com
These were partially offset by the uncertain price fundamentals for natural gas and drilling challenges. Based in Houston, Texas, Southwestern engages in the exploration, development and production of natural gas and crude oil in the United States. ...
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Mitcham's 3Q profit on equipment leasing soars
CNBC.com
HUNTSVILLE, Texas - Mitcham Industries Inc., which leases seismic equipment to oil and gas explorers, said Tuesday that third-quarter profit and revenue rose on strong demand from Latin America and in gas-holding shale formations of the United States. ...
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Texas' sales tax take eclipsed $2 billion last month
Dallas Morning News (subscription) (blog)
The amazing rebound in Texas oil and gas drilling, plus decent growth in consumer activity, pushed state sales tax receipts last month to $2.07 billion, up 12.2 percent compared to November 2010, Comptroller Susan Combs announced Wednesday. ...
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Memorial Production plans $200M IPO
CBS News
(AP) NEW YORK — Hoping to expand its holdings of natural gas and oil wells in North America, Memorial Production Partners plans to raise $200 million in an initial public offering of 10 million common units. The Houston energy company is the latest in ...
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Jon Wellinghoff: The TT Interview
Texas Tribune
Texas is understanding how to manage it,” Wellinghoff says. He shared what he sees in the future for Texas energy in an interview last week with The Texas Tribune at the headquarters of the commission, which regulates interstate oil and gas pipelines. ...
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Texas boom towns need workers
abc13.com
He says there is a need for workers right now in South Texas as the natural gas and oil industry digs in and ramps up hydraulic fracking. On Wednesday, the South Texas area hosts another job fair, this time in Robstown where 2000 jobs need to be filled ...
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abc13.com
Stocks in Bullish 50/200-day MA Crossovers - FNB, HLX, NR, PPH, PWR
Retirement Planning
Newpark provides its products and services principally to the oil and gas exploration and production industry (E&P) industry domestically in the United States Gulf Coast, West Texas, Oklahoma, East Texas, North Louisiana, Rocky Mountains, and Northeast ...
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API In Doha, Qatar To Address The Future Of Deepwater Energy
Oil and Gas Online
Gerard noted the industry has established the Center for Offshore Safety (COS) in Houston, Texas. The Center will serve the US offshore oil and gas industry with the purpose of adopting standards of excellence to ensure continuous improvement in safety ...
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Bearish Engulfing - Stocks in Bearish Engulfing Trend
Retirement Planning
Pioneer Southwest Energy Partners LP (Pioneer Southwest or the Partnership) is a limited partnership formed to own and acquire oil and gas assets in its area of operations. The Partnership's area of operations consists of onshore Texas and eight ...
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Comstock Resources Shares Popped: What You Need to Know
Motley Fool
What: Shares of oil and gas exploration company Comstock Resources (NYSE: CRK ) are gushing higher by 12% today following the announcement of a land acquisition in Texas. So what: In what amounts to a $332.7 million purchase from Eagle Oil & Gas, ...
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STW and WorleyParsons Sign Agreement to Provide Comprehensive Water Treatment ...
Sacramento Bee
STW is in various stages of development of proposals for water reclamation projects for oil and gas companies that WorleyParsons could be an integral part of. Ken Burris, Senior Principal Consultant and Director of Water and Wastewater in the United ...
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NYSE Heavily traded Stocks -TYC, BZH, DVR, XEL, APA
Retirement Planning
The Company provides manned diving, pipelay and pipe burial, platform installation and platform salvage services to a diverse customer base in the offshore oil and natural gas industry. CDI offers its customers services on an integrated basis for more ...
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Private equity firm sells Velocity system interest to Plains
Gas Business Briefing
Private equity firm Energy Spectrum Partners V LP is selling its interest in Velocity South Texas Gathering LLC, a subsidiary of Velocity Midstream Partners LLC, to Plains All American Pipeline LP. Energy Spectrum did not disclose a price, Gas Business ...
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Frackers and cattle ranchers: who should win the battle for water?
Dallas Morning News (subscription) (blog)
Hydraulic fracturing, or fracking, has revived prospects for oil-and-gas production in the US and provided a welcome jolt to many local economies. Less than three years after its discovery, the Eagle Ford oil field here already accounts for 6% of South ...
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Blackhawk Names David Bryson as President
DigitalJournal.com (press release)
In 2007 Mr. Bryson founded Prospect Ridge Energy, a private US-based oil and gas producer. Under his leadership Prospect Ridge grew from start up to over 1200 BOE/day, with operations in Texas, Louisiana and Kentucky. "We are very excited to have ...
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CORRECTION FROM SOURCE: Precision Drilling Corporation Announces 2012 Capital ...
MarketWatch (press release)
Precision is a leading provider of safe and High Performance, High Value services to the North American oil and gas industry. Precision provides customers with access to an extensive fleet of contract drilling rigs, service rigs, directional drilling ...
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RigNet, Inc. Ranked 46 on the Houston Business Journal's FastTech 50(TM)
MarketWatch (press release)
RigNet /quotes/zigman/2380067/quotes/nls/rnet RNET +0.97% is a leading global provider of managed communications, networks and collaborative applications dedicated to the oil and gas industry, focusing on offshore and onshore drillng rigs, ...
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Blogs 3 new results for texas oil and gas
Sun Resources acquires fourth Delta Oil tranche in Texas ...
Sun Resources (ASX: SUR) has secured the fourth tranche of oil and gas leases in the Delta Oil Project, along strike from the Eagle Ford Share oil and gas fairway in Texas.
Proactiveinvestors USA & Canada website
Clayton Williams Energy, Inc. (CWEI) rated Buy with price target $95 ...
By Wunderlich
Clayton Williams Energy is an independent oil and gas company engaged in the exploration for and development and production of oil and natural gas primarily in Texas, Louisiana and New Mexico. A significant portion of the company's ...
GainersToday.com: Recent Stock...
A Safe Way to Profit from America's New “Millionaire Factories ...
By Dan Ferris, The 12% Letter
That's where all the money winds up, eventually… Enormous wealth is being generated by the rush to exploit massive new oil and gas finds around the United States – in places like south Texas, North Dakota, and Pennsylvania. And the local ...
TopStockAnalysts.com

Web 9 new results for texas oil and gas
Seismic stimulation improves production from ... - Oil & Gas Journal
A project on a West Texas lease shows the effectiveness of seismic stimulation to arrest oil production rate decline of a nonwater-drive carbonate reservoir.
www.ogj.com/...109/.../seismic-stimulation-improves-p1.html
TEXAS MONTHLY OIL AND GAS STATISTICS: September and ...
TEXAS MONTHLY OIL AND GAS STATISTICS: September and October 2011. By NEWS RELEASE 11/29/2011 5:39 PM. AUSTIN The Texas average rig count ...
m.oaoa.com/news/texas-76615-average-united.html
63rd Annual Oil & Gas Law Conference Program
Texas Specialization Credit: This program is approved by the Texas Board of Legal Specialization for 12.25 hours in the following areas: Oil, Gas & Mineral Law. ...
www.cailaw.org/iel/agenda/2012oilgas.program.html
Petroleum Engineer - Horizontal Drilling, Oil, Natural Gas at ...
CyberCoders is hiring! View and apply for the Petroleum Engineer - Horizontal Drilling, Oil, Natural Gas Job at CyberCoders in Richardson ,TX.
www.linkedin.com/jobs?viewJob=&jobId=2250750
Find Jobs - Consultant (IT, Oil and Gas) Jobs in Houston, Texas ...
Consultant (IT, Oil and Gas) - Find Consultant Jobs, Information Technology Jobs , General Business Jobs at EAG Serviced, Inc in Houston, Texas.
www.careerbuilder.com/JobSeeker/Jobs/JobDetails.aspx?Job...
Canaccord Genuity Analysts Reiterate a “Buy” Rating on Carrizo Oil ...
Carrizo Oil & Gas (NASDAQ: CRZO)'s stock had its “buy” rating reaffirmed by ... or Fort Worth Barnett Shale), with a focus on Southeast Tarrant County, Texas. ...
localizedusa.com/.../canaccord-genuity-analysts-reiterate-a-bu...
Oil and Gas Recruiter Job in Sugar Land 77479, Texas Us
Oil and Gas Recruiter. About the Job. RDS is a privately held, Texas-based corporation specializing in contract and direct hire placement of accounting, financial ...
jobview.local-jobs.monster.com/Oil-Gas-Recruiter-Job-Sugar-...
Digital Marketplace for oil and gas exploration, drilling, production
110 matches ... Resource for professionals in the upstream oil and gas ...
www.oilandgasonline.com/Search.mvc?...
Breitling Oil and Gas Announces Completion Operations Underway in ...
Irving, TX, November 28, 2011 - Breitling Oil and Gas Corporation, an independent exploration and production company based in Irving, Texas, announced that ...
www.topix.com/forum/city/irving-tx/TBPBF48PC4B3RF2CD


Shale gas industry to have huge impact on US economy: Study
domain-B
According to a study released yesterday by international consulting firm, IHS Global Insight, the natural "shale gale" that started in the Barnett Shale is having "profound economic impacts" on the US economy. It was helping create jobs, ...
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Texas officials to vote on new rules controlling air pollution from Barnett Shale
Dallas Morning News (subscription)
By RANDY LEE LOFTIS Texas officials are set to vote Wednesday on new rules that would control air pollution from thousands of natural gas operations in the Barnett Shale field. The regulations face criticism from environmental groups for being too lax ...
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NYSE Stocks with Active Volume Trend - DUK, CHK, LVS, HD, PG
Retirement Planning
T he Company focuses on discovering and developing unconventional natural gas and oil fields onshore in the United States, primarily in the Barnett Shale in the Fort Worth Basin of north-central Texas, the Haynesville and Bossier Shales in northwestern ...
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Cumberland County considers impact of fracking
NJ.com
The Marcellus Shale has been estimated to contain more than 500 trillion cubic feet of natural gas. Using some of the same horizontal drilling and hydraulic fracturing methods that were applied to the Barnett Shale in Texas, it is estimated that as ...
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Election Day draws near
Lewisville Leader
I honestly believe we have crafted the most sensible and workable set of regulations among municipalities in the Barnett Shale. While I continue to work with the oil and gas committee to enhance our regulations, with a focus on concern for safety and ...
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Orica fertiliser hits the fan again
The Australian
What really needs to be appreciated here is that Coleman's Woodside might not be as devoted to the $30bn gas project as his predecessor, Don Voelte, and as Colin Barnett's government still is. It is widely expected that, state government willing, ...
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Lucas Energy Announces Production Increase for Fiscal Year 2012
GlobeNewsWire
It is anticipated that the last half of the 2012 fiscal year will see an additional increase due to the drilling of new horizontal wells in the Austin Chalk ...

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