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.

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Magellan in JV with Copano Zacks.com 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 ... See all stories on this topic »

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). ... See all stories on this topic »

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 ... See all stories on this topic »

ALEX MILLS: 'Stunning' crude oil renaissance under way in Texas San Angelo Standard Times By Alex Mills SAN ANGELO, Texas — Texas 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 ... See all stories on this topic »

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 ... See all stories on this topic »

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, ... See all stories on this topic »

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 ... See all stories on this topic »

Texas Schools Grapple With Big Budget Cuts NPR 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. ... See all stories on this topic »

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. ... See all stories on this topic »

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 ... See all stories on this topic »

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. ... See all stories on this topic »

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 ... See all stories on this topic »

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. ... See all stories on this topic »

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 ... See all stories on this topic »

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 ... See all stories on this topic »

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 ... See all stories on this topic » Proactive Investors USA & Canada

Bullish Reversal Pattern - Cabot Oil & Gas TradersHuddle.com 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 ... See all stories on this topic »

ExxonMobil Fuels Marketing, Lubricants to Consolidate CSPnet.com 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 ... See all stories on this topic »

Matmown Announces Substantial Oil and Gas Acquisition In Texas
CisionWire
... 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 ... See all stories on this topic »

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 ... See all stories on this topic »

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. ... See all stories on this topic »

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. ... See all stories on this topic »

Encana closes sale on most Barnett assets Bizjournals.com 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. ... See all stories on this topic »

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 ... See all stories on this topic » Upstream Online

Williams Partners to Buy Marcellus Pipelines for $750 Million Bloomberg 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. ... See all stories on this topic »

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 ... See all stories on this topic »