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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

Thursday, December 08, 2011

Texas Oil and Gas - News and Information - 12.9.2011

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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Thousands seek career opportunities at Eagle Ford Shale job fair Wednesday in ...
Corpus Christi Caller Times
By Mike D. Smith TODD YATES/CALLER-TIMES More than 2000 people attended Wednesday's Eagle Ford Shale job fair at the Richard M. Borchard Regional Fairgrounds. The event was sponsored by Job News USA's San Antonio office. TODD YATES/CALLER-TIMES More ...
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Shale Gas: A Boon or Bubble?
Zacks.com
In fact, Chesapeake has roped in Norwegian major Statoil ASA (STO) into the Marcellus, China's CNOOC Ltd. (CEO) into the Eagle Ford shale formation in South Texas, and French oil and gas giant TOTAL SA (TOT) into the Barnett Shale in north-central ...
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Marathon commits billions to shale projects
San Antonio Express
About one-third of the spending will target operations in the Eagle Ford Shale, the Houston-based company said. Marathon Oil plans to increase its presence in the South Texas shale play, increasing the number of rigs from 10 to 17 and doubling its ...
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Shale Oil Creates Job Boom
MyFox Houston
More than 3000 people came to a job fair near Corpus Christi for the Eagle Ford Shale Play to meet with dozens of companies looking for new employees. They are filling positions for every facet of the oil drilling business from the rig to the office. ...
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MyFox Houston
Your Turn – Dec. 8, 2011
San Antonio Express
A reader asks if energy drilling sites (including the Eagle Ford Shale area) have limits placed on them when it comes to water, especially at a time when drought has lowered levels in aquifers and individual wells. Then write us at Letters, ...
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This Energy Stock Is Giving Investors Fits
DailyFinance
Some of its major positions include 1.8 million net acres in the Marcellus shale, 2.4 million net acres in the Anadarko Basin, 460000 net acres in the Eagle Ford shale, 830000 net acres in the Permian Basin, and its newest development: 1.4 million net ...
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CME Group considers new oil contract after seaway reversal
FuelFix (blog)
Enterprise also expects to begin service on the Eagle Ford shale oil pipeline in Texas around the same time. “We believe this new project will make the Nymex light, sweet benchmark more accessible to global markets,” Bryan Durkin, chief operating ...
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FuelFix (blog)
Comstock to Pay $332.7M for Delaware Basin Acreage
NGI's Shale Daily (subscription)
The company had already leased about 12000 net exploratory acres in the Permian region and added another 10000 net acres to its Eagle Ford Shale lease inventory in 2011. Canaccord Genuity analysts recently said the Permian Basin rig count jumped by 100 ...
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NYSE Hot Stocks to watch are - APD, DHT, CPB, PXD, PAY
Retirement Planning
It has exploration and development oppo rtunities and/or oil and gas production activities in the Eagle Ford Shale and Edwards Trend areas of South Texas, the Barnett Shale area of North Texas and Alaska, and internationally in South Africa. ...
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GAIL's world's no. 1 in downstream operation
Waste Management World
... executed definitive agreements with Carrizo Oil & Gas Inc based in Houston, Texas, to enter into an unincorporated joint venture, under which GAIL Global (USA) Inc will acquire a 20 per cent interest in Carrizo's Eagle Ford Shale acreage position. ...
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Dow rally tests 12200 point barrier; Research In Motion, Marathon Oil and ...
Proactive Investors Australia
Marathon Oil (NYSE:MRO) said it will increase its capital spending by $1 billion in 2012 as it moves to develop acreage in the Eagle Ford shale play in Texas. Marathon purchased Eagle Ford assets from privately-owned Hilcorp for $3.5 billion this year. ...
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Sterne Agee Maintains Buy on GeoResources' Near-Term Growth
Benzinga
Unlike many peers who are raising capital to fund development of their existing opportunity set, GeoResources is well-positioned financially to not only fund its growth in the Williston Basin and Eagle Ford Shale, but also add a third avenue of growth. ...
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Chamber board chair: good things to come in Victoria's future
Victoria Advocate
Victoria has much to be thankful for, he said, noting ongoing Eagle Ford Shale drilling projects, the University of Houston-Victoria's downward expansion, new high schools, an expanded Port of Victoria and more. He said he prayed a new convention ...
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ConocoPhillips CEO: World Energy Solution Depends on Natgas
NGI's Shale Daily (subscription)
In the Lower 48 states capital funding is to be directed on the Eagle Ford Shale, as well as other liquids-rich plays in the Permian Basin and Bakken and Barnett shales. The program also funds ongoing development in the San Juan Basin as well as the ...
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Crude Oil Ended Lower on Weak Inventory Data (USO, UNG, UHN, ECA, MRO, CVE ...
TradersHuddle.com
Marathon Oil (NYSE:MRO) rose marginally as the company is planning to increase its capital spending by $1 billion in the coming year, as it moves to develop acreage in the Eagle Ford shale of South Texas. Cenovus Energy (NYSE:CVE) climbed 2.44% to ...
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Marathon Oil Sets 2012 Capital, Investment and Exploration Budget
Your Industry News (press release)
"Approximately two-thirds of our 2012 capital spending next year is allocated to our growth assets, and nearly half of that amount is designated to substantially ramping up our operations in the Eagle Ford shale. A large portion of our planned spending ...
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Marathon spending majority of 2012 CAPEX in US shale plays
Gas Business Briefing
The company projects spending $2.7bn in the Eagle Ford, Bakken, Anadarko Woodford, and Niobrara shale formations, with nearly half that amount slated to be spent in the Eagle Ford, Marathon's CEO says. "Our 2012 capital budget of $4.8bn highlights our ...
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US shale oil seen rising fast
Times LIVE
Another shale oil deposit, known as Eagle Ford in Texas, is potentially even more profitable, said Danny Brown, a general manager at Anadarko Petroleum Corp. There are also 14 or 16 other shale oil fields in North America that are in the early stages ...
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Exxon Mobil forecasts surge in hybrid vehicles
Fort Worth Star Telegram (blog)
Exxon, the parent company of Fort Worth-based XTO Energy, also forecasts--in its annual energy outlook released today--that the boom in shale-gas development that was pioneered in North Texas' Barnett Shale will spread outside the US to almost every ...
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New air-pollution rules for Barnett Shale
Dallas Morning News (subscription)
By RANDY LEE LOFTIS What's new:Texas regulators approved new air-pollution rules Wednesday for natural-gas facilities in North Texas' vast Barnett Shale field, despite opposition from environmentalists and the gas industry. Commissioners of the Texas ...
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Industry Brief
NGI's Shale Daily (subscription)
Producers operating in the Barnett Shale town Arlington, TX, will have to comply with new rules enacted Tuesday that call for greater drilling site security and improved aesthetics of drilling locations for future wells. Surveillance cameras will be ...
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Encana sells Cutbank Ridge gas plants to Veresen for $920 million
Winnipeg Free Press
It also sold its Barnett Shale assets to partnerships managed by EnerVest Ltd., a private oil and gas company based in Houston. And it has sold other US energy assets and some gas plant businesses in Canada as well. Selling assets is one measure Encana ...
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Crestwood CEO: Shales the Right Place for a Midstream MLP
NGI's Shale Daily (subscription)
Initially, Crestwood was focused only in the Barnett Shale. Since then it has spread its activities across four other shale plays: the Fayetteville Shale, Granite Wash, Avalon Shale and Haynesville/Bossier Shale, where it operates 11 different pipeline ...
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Range, Consol Tout Marcellus Growth
NGI's Shale Daily (subscription)
The company is increasingly focused on Appalachia after selling its Barnett Shale assets earlier this year, but is still building its operations in the region (see Shale Daily, March 2). While Range touts the economics of the Marcellus, ...
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Lucas announces new acquisition
The Gonzales Cannon
The transaction between Lucas and Nordic 1 included approximately 6000 gross acres in Wilson, Gonzales, and Karnes Counties, in the Eagle Ford/Austin Chalk ...
Germany: BNK eyes fractured carbonates in Thuringia
Oil & Gas Journal
... a 535000-acre concession in east-central Germany prospective for wet gas in fractured carbonates similar to the Austin chalk play on the US Gulf Coast. ...
Lucas Energy Inc reports rise of 5% in production for fiscal 2012
Middle East North Africa Financial Network
In addition, the company said it expects an additional increase due to the drilling of new horizontal wells in the Austin Chalk formation the last half of ...



Circle Star Energy Announces All-Stock Transaction to Acquire Permian Basin ...
MarketWatch (press release)
/quotes/zigman/5694121 CRCL -1.06% (the "Company"), a performance-driven company with interests in a number of high-impact, large scale oil and gas plays in Texas is pleased to announce the acquisition of a 3.167% non-operated interest in the Glass ...
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Breitling Oil in Talks on Joint Shale-Gas Exploration in China
Bloomberg
Irving, Texas-based Breitling plans to list in New York within two years to help fund its global shale-gas expansion, he said. Chinese companies are partnering with overseas explorers to look for shale gas as China, estimated to hold more natural gas ...
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Credo Petroleum Updates Drilling Activities
MarketWatch (press release)
8, 2011 (GLOBE NEWSWIRE) -- Credo Petroleum Corporation /quotes/zigman/70610/quotes/nls/cred CRED -0.0011% , an independent oil and gas exploration and production company with significant assets in North Dakota, Kansas, Nebraska, Texas and Oklahoma, ...
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Aurora Oil & Gas
sharechat
AUT is focused on oil and gas exploration at the Eagle Ford Shale formation in Texas, one of the most actively drilled targets for oil and gas in the USA. AUT participates in over 73000 acres at Eagle Ford Shale and has an interest in the liquid rich ...
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Circle Star Energy Corp. to Present at 4th Annual LD MICRO Growth Conference
MarketWatch (press release)
The company's asset base includes producing and non-producing oil and gas mineral interests, royalty interests, and non-operated working interest located throughout Texas. -- Permian Basin (Scurry/Crane/ et.al. County, Texas) - Wolfcamp, Spraberry, ...
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Taking the Measure of Oil and Gas E&P Stocks
Barron's
As for crude, West Texas Intermediate estimates increased 12% in 2012 and 7% in 2013. Brent estimates increased 6% and 2% in 2012 and 2013, respectively. Generally speaking, companies with the largest exposure to WTI saw the largest increase to 2012 ...
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TEXT-S&P revises Comstock outlook to negative
Reuters UK
"The revised outlook on Comstock reflects the incremental debt leverage and tighter liquidity associated with the announced $333 million acquisition of properties in the Delaware Basin, West Texas from privately held Eagle Oil & Gas Co.," said Standard ...
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Rush Limbaugh defends T. Boone Pickens after 'Morning Joe' interview
The State Column
Conservative talk radio host Rush Limbaugh defended Texas oil and gas executive T. Boone Pickens after the entrepreneur appeared on NBC's “Morning Joe” with Joe Scarborough and was questioned about his tax payments. In the midst of discussing Warren ...
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The State Column
Obama Opens Oil Floodgate in the Gulf
Clean Energy News (blog)
While it appears the Bureau of Ocean Energy Management (BOEM) will be opening much of the Gulf for oil and gas development, BOEM is going to painstaking lengths to carve up the Atlantic into tiny bit-sized pieces for offshore wind farms through its ...
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Green Star Energies, Inc. Announces Approval of Reverse Stock Split and Name ...
MarketWatch (press release)
DALLAS, TX, Dec 08, 2011 (MARKETWIRE via COMTEX) -- Green Star Energies, Inc. (pinksheets:GSRED) is an oil and gas company focused on acquiring and developing under-producing fields in Texas and surrounding states. On September 19, 2011, ...
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Texas sales tax collections hit monthly record
Austin American-Statesman
By Kate Alexander Texas collected a record amount of sales tax revenue last month, money that should help the state close some of its budget gaps. Strong sales in the oil and gas industry, as well as improving consumer spending, helped to drive the ...
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Austin American-Statesman
Exxon charts out path to 2040, energy stocks dip
MarketWatch
The Irving, Texas, oil and natural gas producer's annual Energy Outlook extended its forecasting range to 2040 from 2030. All eyes are now on the European Central Bank and its rate decision today ahead of a crucial meeting of European Union leaders in ...
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NASDAQ Heavily traded Stocks -HERO, MDRX, CRZO, QGEN
Retirement Planning
Its operations are principally focused in proven, producing oil and gas plays primarily in the Barnett Shale in North Texas, the Marcellus Shale in Appalachia, the Eagle Ford Shale in South Texas, the Niobrara Formation in the Denver-Julesberg Basin ...
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Plains All American Announces Conversion of Oklahoma LPG Pipeline to Crude Service
MarketWatch (press release)
Plains All American Pipeline, LP is a publicly traded master limited partnership engaged in the transportation, storage, terminalling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas related petroleum ...
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New oil and gas companies snatch up federal tracts, too
Alaska Dispatch
The Bureau of Land Management, holding an oil and gas lease offering a few hours after the state's sale, received $3.6 million for 20 tracts covering 141000 acres in the National Petroleum Reserve-Alaska. Some companies seemed interested in leasing ...
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Major Drilling Projects by Neighboring Operators Surround Wind River Energy's ...
MarketWatch (press release)
("Wind River" or the "Company") announced today the location of the next two wells in their Day Butte Project and also confirmed the locations of the EnCana Oil & Gas, Noble Energy and ConocoPhillips gas field developments, which surround Wind River's ...
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Investor-Owned Utilities Profiting From Expansion of Shale Gas Development
NorthcentralPa.com
By Feed: Food and Water Watch Washington, DC—As public backlash against shale gas development and fracking gains momentum nationwide, the oil and gas industry has gained an ally in investor-owned water utilities. New research released today by the ...
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US to Steal Oil Crown from Saudis
Energy and Capital
At today's $100-per-barrel price, we're looking straight at an American oil market worth $3.97 TRILLION per year. Many independent oil and gas drillers are already in place, and the majors are salivating over these new buyout targets. ...
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Black Hills Corp. Names New Vice President and General Manager of Oil & Gas ...
MarketWatch (press release)
... a subsidiary of Black Hills Corp., operates oil and natural gas producing properties in Colorado, New Mexico and Wyoming and has non-operated interests in properties producing in California, Montana, North Dakota, Oklahoma, Texas and Wyoming.
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Public pressure is a gift to economic growth
My West Texas
(In this case, the proposed ESA listing of the dunes sagebursh lizard has the potential to "decimate" a large percentage of America's oil and gas production.) Additionally, it represents a rare instance of bipartisan action and Congress doing the right ...
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CVR Energy Names Frank A. Pici as Chief Financial Officer
Sacramento Bee
Prior to joining CVR Energy, he was executive vice president and CFO for nine years at Penn Virginia Corporation (NYSE: PVA), a publicly traded oil and gas exploration and production company focused on unconventional resource and shale plays. ...
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25 Ways To Invest In Crude Oil
Seeking Alpha
12. Anadarko Petroleum Corporation (APC): Headquartered in Texas, APC is another large player in oil and gas exploration and production. As of December 31, 2010, the company held 2.4 billion barrels of oil equivalent of proved reserves. 13. ...
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The most powerful group in Texas politics has Wentworth in its sights
Austin American-Statesman
She is a former state representative with deep ties to the oil and gas sector who has held statewide office for almost seven years, and she spent almost three years setting up a run for the US Senate before abandoning that race to challenge Wentworth. ...
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VOC Energy Trust: This New High-Yield, Inexpensive Energy Trust Should Benefit ...
GuruFocus.com
Readers may already be familiar with the rapidly growing oil and gas output from unconventional plays such as the Bakken Shale and the Eagle Ford Shale of south Texas. To liberate hydrocarbons trapped in shale and other tight reservoir rocks, ...
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Texas Public Utility Commission pushes for $7 billion transmission lines for ...
Texas Watchdog
By Mark Lisheron With a shale oil and gas revolution bringing us an era of inexpensive fuel and greater energy independence, an ever-resourceful state has found a way to add $7 billion to our electric bills. The Public Utility Commission, ...
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Texas Watchdog
Exterran Names Brad Childers Chief Executive Officer
MarketWatch (press release)
Exterran Holdings, Inc. is a global market leader in full service natural gas compression and a premier provider of operations, maintenance, service and equipment for oil and gas production, processing and transportation applications. ...
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Dejour Enterprises: The Market Has Not Yet Realized This Diamond In The Rough
Seeking Alpha
There are many oil and gas companies that fit this description, so I will focus on three – Lucas Energy (LEI), Samson Oil and Gas (SSN) and Dejour Energy (DEJ). Just 24 short months ago, Lucas Energy was trading in the fifty cent range, Samson in the ...
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Harvest Natural Resources Updates Drilling Operations - Qarn Alam Block 64, Oman
Sacramento Bee
Block 64 has an area of 3874 square kilometers and was extracted from a pre-existing block (PDO's Block 6) to accelerate exploration for gas and gas condensate by the Omani Ministry of Oil and Gas. Harvest Natural Resources, Inc., headquartered in ...
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Planet Resource Recovery, Inc. Declares Weisenberg/Inspar Field Services, LLC ...
MarketWatch (press release)
Planet Resource Recovery, Inc. is the developer, manufacturer and marketer of PetroLuxus(TM), a Green Technology that maximizes hydrocarbon recovery in the Oil & Gas industry. Documented well history case studies indicate deployment of PetroLuxus ...
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Hamlin unfazed by market volatility
MarketWatch
But Hamlin is unfazed by this volatility in the commodity price because the cash flows generated by the oil drillers he owns are guaranteed over a relatively long period of time. The major oil and gas producers have also been increasing their capital ...
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Top 3 Companies in the Oil & Gas Exploration & Production Industry With the ...
Financial News Network Online
Gastar Exploration Ltd. is a natural gas exploration company. The Company explores for natural gas in Texas and West Virginia in the United States, and in Australia. Gastar owns and operates coal bed methane properties in the Powder River Basin in ...
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OXY, IBM, RATE, IGT, ATO - Notable Stocks with Volume at NYSE
Retirement Planning
Occidental operates in three segments: oil and gas segment, chemical segment, and midstream, marketing and other segment. The oil and gas segment explores for, develops, produces and markets crude oil, including natural gas liquids (NGLs) and ...
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Despite economic volatility, the oil patch is in growth mode
Alberta Oil Magazine
West Texas intermediate and Brent crude, the two world pricing benchmarks, were trading at over US$100 on Wednesday. According to Ernst & Young's Kevan Holroyd, an oil and gas transaction analyst, that's giving oil-weighted Canadian companies (which ...
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Blogs 4 new results for texas oil and gas
Budget News: sales taxes up; agencies merge; teacher's unions ...
By Jordan Brownwood
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 ...
Texas Budget Source
Shale Gas: A Boon Or Bubble?
By Zacks Investment Research
In fact, Chesapeake has roped in Norwegian major Statoil ASA (STO) into the Marcellus, China's CNOOC Ltd. (CEO) into the Eagle Ford shale formation in South Texas, and French oil and gas giant TOTAL SA (TOT) into the Barnett Shale in ...
DailyMarkets.com
The American Consumer Institute - » The Fracking Solution to a Big ...
By Zack Christenson
The vast majority of fracking materials consist of water and sand. Smaller percentages of diesel fuel are used in cold weather conditions and other additives in other situations. But Chris Faulkner, CEO of Texas-based Breitling Oil & Gas argues ...
The American Consumer Institute
Petroleum Engineer IV (Fort Worth, Texas, USA) — All jobs (page 1 ...
Petroleum Engineer IV Fort Worth, Texas, USA ... Must have demonstrable skills in oil and gas software. Must be able to define ... Requires a college degree in engineering with eight years postgraduate oil and gas engineering experience ...
All Jobs — RSS Feed - Misco Jobs

Web 8 new results for texas oil and gas
Oil & Gas Jobs on CrossroadsFinder.com Jobs
Looking for Oil & Gas jobs? Whether you ... South Texas Oil & Gas IndustryCAREER FAIRSponsored by Job NewsWednesday, December 7th10am - 3pmRMB ...
jobs.crossroadsfinder.com/jobs/bc-browse-by-category-oil_gas/
Permian Basin In The Middle Of A Historic Boom {West Texas}
First in retail spending, sales tax revenues and now oil rigs, this is a boom to remember. "It's a good time to live in west Texas," said Morris Burns, Oil and Gas ...
www.freerepublic.com/focus/f-news/2817684/posts
The Myth of the "Oil Peak" :: Texas Attorney Blog
I'll bet that most Texas oil and gas attorneys (and, I'm sure, everyone in the oil and gas business) often hear the myth repeated that someday there will be a peak ...
www.texasattorneyblog.com/.../the_myth_of_the_oil_peak_1...
Dealing With Landmen - Oil and Gas Lawyer Blog
In research for the article the Times obtained and reviewed more than 111000 oil and gas leases covering lands in Texas, Maryland, New York, Ohio, ...
www.oilandgaslawyerblog.com/.../dealing-with-landmen.html
Compulsory Pooling and Unitization - The Texas Tech University ...
compulsory pooling statute and Texas, which has no compulsory unitization statute. But ct. J. WEAVER, UNITIZATION OF OIL AND GAS FIELDS IN TEXAS: A ...
repository.law.ttu.edu/bitstream/handle/.../kramer11.pdf?...
Your Oil and Gas News - Ferrellgas Acquires Welch Propane in ...
Global Leader in International Oil and Gas Industry News ... announced the acquisition of Welch Propane, a retail propane company based in northeast Texas. ...
www.youroilandgasnews.com/news_item.php?newsID=71526
Texas Allied Petroleum – Natural Gas and Oil Company - Business ...
Texas Allied Petroleum, a gas and natural oil company situated in the city of Austin, Texas, works on oil discovery and drilling. Today, TAP explores, develops ...
portaluganda.org/.../texas-allied-petroleum-–-natural-gas-and-...
Melrose Resources sells assets in Texas (Scandinavian Oil-Gas ...
Melrose has completed the sale of its gas assets in South East Texas to Faulconer Resources 2010 Limited Partnership LLP for a cash consideration of $5.8 ...
www.scandoil.com/.../melrose-resources-sells-assets-in-texas.sh...

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