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Thursday, December 22, 2011

Texas Oil and Gas - News and Information - 12.23.2011

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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.
Magellan in JV with Copano
The set of pipelines, with an initial capacity of 100000 barrels of oil per day, will be engaged in transporting condensate from the resource-rich Eagle Ford Shale to Magellan's terminal in Corpus Christi, Texas. Magellan will upgrade the terminal with ...
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STRIKE OIL LIMITED : Notice to Shareholders on Entitlement Offer
4-traders (press release)
During 2012, Strike will participate in a very active exploration and evaluation program focused on advancing its portfolio of unconventional oil and gas assets in the highly prospective Eagle Ford Shale (USA) and the Cooper Basin (Australia). ...
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Bexar commissioners OK hefty raises for pair
San Antonio Express
This year he's helped several major players in the Eagle Ford Shale to develop facilities in Bexar County — all while earning less than others with similar roles. “David (Marquez) has received a lot less respect from all those guys because he makes ...
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ALEX MILLS: 'Stunning' crude oil renaissance under way in Texas
San Angelo Standard Times
By Alex Mills SAN ANGELO, TexasTexas crude oil and natural gas producers are leading a historic expansion of domestic supplies, which is having a huge impact on the state's economy and tax collections. "We are witnessing a stunning crude oil ...
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Texas company seeks drilling permits in Colorado Springs | The Republic
The Republic
Ultra filed its applications with the Colorado Oil and Gas Conservation Commission on Dec. 15. A decision is expected next year. Colorado Springs has passed a six-month drilling moratorium that expires in May. Ultra paid $20 million in October to buy ...
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As shale fracking booms, environmental protection lags
Kansas City Star
Today 24 states have wells that use hydraulic fracturing: pumping water, sand and chemicals into deep layers of rock at high pressure to release oil and gas. Because the nation's major environmental laws exempt the oil and gas industry, ...
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G-CLEAN® Helps Make Oil Fields Cleaner and Greener
MarketWatch (press release)
E&B is a national independent oil & gas producer with subsidiaries in the oil field well service business. With operations in California, Louisiana, Kansas, Wyoming and Texas, E&B and its subsidiaries has over 300 employees and is one of the largest ...
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Texas Schools Grapple With Big Budget Cuts
Texas, meanwhile, is sitting on at least $5 billion in its rainy day fund. It's mostly gas and oil revenues. Hochberg says lawmakers refuse to draw from the fund to blunt the education cuts because the governor told them not to. ...
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Laredo IPO is big win for oil and gas startup
Tulsa World
By ROD WALTON World Staff Writer Randy Foutch's biggest oil and gas startup yet struck black gold with its initial public offering this week. Laredo Petroleum Holding Inc. says it raised $319 million in net proceeds via the IPO. ...
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Lucas Energy Announces Commencement of Drilling of Hagen Ranch No.4H Well
MarketWatch (press release)
The Hagen Ranch No.4H well is being drilled with joint venture partners such as Seidler Oil and Gas. William A. Sawyer, President and Chief Executive Officer of the Company said, "This is a continuation of our 2011-12 horizontal drilling program in the ...
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Penn Virginia expands in Eagle Ford
Oil & Gas Financial Journal
By Oil & Gas Financial Journal Staff Penn Virginia Corp. (NYSE: PVA) said December 20 that it completed an agreement with an undisclosed major oil and gas company to jointly explore the Eagle Ford Shale in Lavaca County, Texas. ...
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COLUMN-Bakken by the numbers: John Kemp
Reuters UK
There were 5942 producing oil wells, according to the Oil and Gas Division of the North Dakota's Department of Mineral Resources. The well-count has risen by 863 over the last 12 months and 117 in October alone. More than 190 rigs and crews are ...
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CHK, Texas Eastern, AEP looking to 'OPEN' the Utica
Gas Business Briefing
I have been arguing for some time that companies in the upstream part of the unconventional plays are ignoring the necessity of market building," independent oil and gas consultant Rick Gordon tells Gas Business Briefing. ...
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2 Small, Undervalued Energy Producers Significantly Under Analysts' Price Targets
Seeking Alpha
It owns producing and non-producing oil and gas properties in South Texas, California, and the Rockies”. (Business description from Yahoo Finance) The company is rapidly increasing earnings. It earned 56 cents a share in FY2010, should make $1.98 in ...
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Geokinetics to Present at Pritchard Capital Partners' Energize 2012 Conference
Reuters (press release)
About Geokinetics Inc. Geokinetics Inc. is a leading provider of seismic data acquisition, seismic data processing services and multi-client seismic data to the oil and gas industry worldwide. Headquartered in Houston, Texas, Geokinetics is the largest ...
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Ram Energy shares soar as it strikes $550 mln recapitalization deal
Proactive Investors USA & Canada
Ram Energy is an oil and natural gas company focused on development and exploration of oil and gas properties mainly in Texas, Louisiana and Oklahoma. The Company is a publisher and is not registered with or authorised by the Financial Services ...
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Proactive Investors USA & Canada
Bullish Reversal Pattern - Cabot Oil & Gas
The Company holds interests Appalachian Basin, onshore Gulf Coast, including south and east Texas and north Louisiana, the Rocky Mountains and the Anadarko Basin as well as in the deep gas basin of Western Canada. Cabot's stock has been trading in a ...
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ExxonMobil Fuels Marketing, Lubricants to Consolidate
One of these is the On the Run convenience store concept, available at more than 800 sites in 26 countries. Irving, Texas-based ExxonMobil, the largest publicly traded international oil and gas company, is the largest refiner and marketer of petroleum ...
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Matmown Announces Substantial Oil and Gas Acquisition In Texas
... 9 well bores, all above and below ground equipment associated, and 812 acres of mineral leases in the well-established Eagleford Shale, Austin Chalk, ...

Lucas spins Austin Chalk bit
Upstream Online
US junior Lucas Energy said it has spud the Hagen Ranch-4H well in Gonzales County, Texas, targeting the Austin Chalk formation. ...

Prairie dog colony, threatened by Barnett Shale drilling, being moved to new ...
Fort Worth Star Telegram (blog)
A colony of 16 prairie dogs faced potential extinction as a result of Chesapeake Energy's plans to drill six Barnett Shale wells near the Burleson city golf course. But the company is taking extraordinary measures, with the help of a wildlife ...
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Decades of Government Funding Behind Shale Revolution
Energy Collective
"The DOE's [1976] Eastern Gas Shales Project [in the Appalachia basin] determined there was a hell of a lot of gas in shales," explained Steward. "Mitchell was interested in Barnett [shale] and his geophysicist said, 'It looks similar to the Devonian ...
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PetroChina talked with XTO, Fort Worth mayor says
Fort Worth Star Telegram
2 producers, respectively, in the Barnett Shale. Representatives of Range, Quicksilver, Devon and Chesapeake all said their companies had not had discussions with PetroChina. PetroChina officials could not immediately be reached for comment. ...
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EV Energy Partners Announces Closing of Barnett Shale Acquisitions
MarketWatch (press release)
... LP /quotes/zigman/101536/quotes/nls/evep EVEP +0.17% today announced it, along with certain institutional partnerships managed by EnerVest, Ltd., has closed both previously announced Barnett Shale acquisitions from two unrelated companies. ...
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Encana closes sale on most Barnett assets
Encana Corp. said Thursday that it has closed the sale of most of its Barnett Shale assets for about $680 million. The buyers are EV Energy Partners LP (NASDAQ: EVEP) and institutional partnerships managed by EnerVest Ltd., both of Houston. ...
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Encana wraps up Barnett sale
Upstream Online
Canadian player Encana has closed the $975 million sale of natural gas producing assets in the Barnett shale of north Texas as part of divestments that are expected to raise proceeds of $3.5 billion. The company said in a statement on Thursday it has ...
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Upstream Online
Williams Partners to Buy Marcellus Pipelines for $750 Million
Williams Partners also will acquire Delphi's Mansfield gathering system in the Barnett Shale region of Texas, Jeff Pounds, a spokesman, said today in an e-mail. The partnership announced Dec. 1 it was in exclusive talks with Delphi for both systems. ...
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Marcellus Shale (When It Isn't) Play
Huffington Post (blog)
"The Barnett Shale TMEZ has been responsible for more prosperity than..." "The Fayetteville TMEZ has created more jobs than..." "The Marcellus Shale TMEZ can bring economic prosperity to Sullivan County!" And it seems to me TMEZ, in this recommended ...
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