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Thursday, January 05, 2012

Eagle Ford Shale ~ Texas Oil and Gas - News and Information - 1.5.2012

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 Eagle Ford Shale, Barnett Shale, Austin Chalk.. and other news.
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EagleFordShale.com Energy Newsletter Coverage - Bisnow
EagleFordShale.com was recently interview by Bisnow reporter Greg Miller for placement in the company's Energy Newsletter.
www.eaglefordshale.com/.../eaglefordshale-com-energy-newsl...


3 Big Cost Issues for US Oil and Gas Stocks in 2012
TheStreet.com
Goodrich released its 2012 growth and spending guidance, and in addition to forecasting oil production growth of 130% to 160% the Eagle Ford shale driller is forecasting a reduction in per well costs of $2.5 million. This outlook made Goodrich a winner ...
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TheStreet.com
Oilfield Instrumentation and Advanced Building Services Open Second Service ...
PR Newswire (press release)
... drilling instrumentation and engineering laboratories, and sister company Advanced Building Services (ABS), a provider of custom well-site accommodations, announced the January 15 opening of its second service center in the Eagle Ford shale fields. ...
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Lucas Energy buys $6.4M Eagle Ford leases
Houston Business Journal
Lucas Energy Inc. (NYSE AMEX: LEI) on Wednesday closed its purchase of oil, gas and mineral leases in the Eagle Ford shale play from Hall Phoenix Energy LLC. Houston-based Lucas purchased the leases for $6.4 million, which it paid for with 2824 shares ...
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Issues Facing U.S. Shale Gas Exports To Japan [Pipeline & Gas Journal]
Insurance News Net (press release)
Eagle Ford. Barnett. Woodford, Haynesville and Fayetteville shale gas basins are all located in states bordering the Gulf Coast . Forecast gas production from Eagle Ford shale, which is closest to the Gulf Coast , is provided in Table 3. ...
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El Paso E&P Unit on Sale?
Zacks.com
Any company buying the exploration and production unit of El Paso will have access to 500000 acres in the Eagle Ford Shale, Permian Basin and other fields in Texas, 46000 acres in Louisiana's Haynesville Shale and 605000 acres in the Raton Basin ...
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What You Need to Know About Earthquakes and Fracking
StateImpact Texas
The disposal wells in Ohio are similar to ones used in Texas, where we had our own 4.8 magnitude earthquake near drilling and disposal sites in the Eagle Ford Shale in October. The seismic activity in Texas, Ohio and elsewhere may indicate a link ...
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A Shale-Fuelled Economic Miracle for 2012
Energy Tribune
The Eagle Ford oil shale field in Texas has generated 13000 jobs and more than $500 million in salaries. All since drilling began in 2008. By 2020, Eagle Ford is projected to create up to 68000 jobs as the formation hits the greatest oil boom in Texan ...
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Energy Tribune
Goodrich plans petroleum growth in 2012
Houston Business Journal
Goodrich Petroleum Corp. will spend up to $275 million on capital expenses in 2012, with the majority of those funds destined for drilling and well completion in the Eagle Ford shale plays, according to the company's preliminary capital expenditure ...
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Crimson sets spending plan, spins Texas bits
Upstream Online
Also on the schedule are five wells targeting the Eagle Ford shale formation in Karnes, Zavala, Dimmit and Bee counties, the company said. The plan is up from $60 million budgeted in 2011 and $50 million budgeted in 2010. It's also less than the $85 ...
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3rd Annual Unconventional Hydrocarbons Summit 2012
DigitalJournal.com (press release)
In the middle of October2010, CNOOC announced a deal with Chesapeake Energy purchasing one-third of their shale assets in the prospective Eagle Ford shale play, located in South Texas. With this in mind and based on the success of 2010 & 2011 ...
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Goodrich Plans 'Minimum Necessary' Gas Drilling
NGI's Shale Daily (subscription)
During 2012 Goodrich Petroleum will continue to emphasize oil-directed drilling over natural gas with the majority of its focus, and spending, on the Eagle Ford Shale of South Texas, the company said Wednesday. The preliminary capital expenditure ...
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Refining Sector Woes Going From Challenging To Worse (TSO, VLO, MPC, WNR, CVI ...
24/7 Wall St.
To counteract that somewhat, Valero expects to refine about 75000 barrels/day from the Eagle Ford shale play in the first quarter of 2012. The company is also planning to expand its distillate production to capture the higher margins available from ...
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Digging the past out of The Cookie Jar
Victoria Advocate
The Chandlers struggled at first, but the couple was rescued by the oil boom that has accompanied drilling of the Eagle Ford Shale formation running beneath the Crossroads area. Business picked up as oil field workers and their families moved into the ...
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Singular Research: More Top Picks for 2012
Equities.com
Drilling Products' revenues grew 57% driven by increased drilling activity, particularly in key regions and basins – such as Eagle Ford shale. Profitability exceeded expectations, with operating margins of 21.5%, above our 16.4% estimate. ...
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Crimson Exploration Commences TX Well, Completes Another And Updates 2012 ...
Oil and Gas Investor (registration)
... Schwarz #3 (64% working interest) in Liberty County, Texas, and its 2012 capital program of $74 million that is currently planned to include 15 gross wells (13 operated) focusing on the oil and/or liquids-rich Eagle Ford shale and Woodbine formations.
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Obama faces political heat if Keystone rejected: API
Reuters
By Ayesha Rascoe | WASHINGTON (Reuters) - The head of the top oil and gas lobbying group said on Wednesday that the Obama administration will face serious political consequences if it rejects a Canada-to-Texas oil sands pipeline that has been opposed ...
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STW Resources Holding Corp. Commissions Oilfield Pilot Project to Process ...
MarketWatch (press release)
("STW Resources"), Midland, Texas, provides customized water reclamation services. STW Resources' core expertise is an understanding of water chemistry and its application to the analysis and remediation of complex oil and gas water reclamation ...
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Circle Star Energy Asset Sale Earns $9.35MM in Cash
MarketWatch (press release)
/quotes/zigman/5694121 CRCL +4.88% ("Circle Star" or 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 a recent asset sale collectively known as JHE ...
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United American Petroleum Corp. Acquires 100% Working Interest of McKenzie ...
MarketWatch (press release)
Tremendous success in the area has been demonstrated by Kinder Morgan Production Company, which has yielded 1864 oil-producing wells. To date, 16079 reservoirs have been discovered in the region affording extensive data on several oil and gas wells. ...
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The Latest Rumblings Aren't Good for Shale Drilling
Motley Fool
By Travis Hoium | More Articles The stock market seems to be dismissing the risks but there are rumbling that unconventional oil and gas investors should be aware of. The ground from Texas to the United Kingdom is literally shaking because of fracking ...
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Will Cabot Continue Shining in ཈?
Zacks.com
Houston, Texas-based Cabot Oil and Gas Corp. (COG) is an independent energy exploration firm with producing properties mainly in the US Founded over 100 years ago in Pennsylvania, Cabot originally operated in the Appalachian Mountains of the eastern US ...
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Molopo Looking 'Aggressively' to Buy North American Oil, Gas Assets
Bloomberg
Molopo Energy Ltd. (MPO), an Australian exploration company focusing on projects in Canada and the US, will “look aggressively” at buying North American oil and gas assets during the next six months. Molopo is considering purchases of assets owned by ...
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Ohio's new earthquakes may be man-made
CBS News
"It's happened with regulatory certainty, regulatory excellence, and it's the best way to take care of this waste stream," said Tom Stewart with the Ohio Oil and Gas Association. Clusters of small earthquakes near wells in Oklahoma, Texas and Arkansas ...
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County commission votes 3-2 against creating local fracking regulations
The Aurora Sentinel
3. not to move forward with their own set of oil and gas regulations. The Arapahoe County Board of County Commissioners voted against amending the county's Land Development Code and instead continue working on local land-use concerns with the Colorado ...
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Enterprise Products Partners To Build Pennsylvania-Texas Pipeline
KUHF-FM
Houston-based Enterprise Products Partners says it has enough support from shippers to build the first energy pipeline between Pennsylvania and Texas. The 1230 mile pipeline will link oil and natural gas fields in the Marcellus and Utica Shale regions ...
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KUHF-FM
When Wells Blow Out in Pennsylvania, Texans Step In
StateImpact Texas
By Dave Fehling A crew from the Houston-based Wild Well Control respond to a gas well blowout near Renovo, PA in 2008. Gas and oil well blowouts are the stuff of legend in Texas. But in Pennsylvania, a state with little modern experience with wells, ...
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Permian Basin rig count hits 400 rigs
My West Texas
"In other words, these are clearly historic times for the region in terms of oil and gas exploration and production activity, made entirely possible by the advancement of technology and price, which makes it affordable and economic to employ that ...
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For Chesapeake, weak gas prices could further quiet Barnett Shale activity
Fort Worth Star Telegram
1 gas-producing county in Texas, followed by Johnson County, Chesapeake and other US oil and gas producers have been shifting their focus to other US fields that offer a better chance of producing substantial amounts of oil and natural gas liquids. ...
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Gas prices up 6 cents this week in Texas
Austin American-Statesman
Analysts say the growing global economy is expected to demand more crude oil, which generally pushes prices higher, along with the possibility of future disruptions to global supply. The association says concerns have been raised about increasing ...
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Not on the same page
Colorado Springs Independent
by Debbie Kelley Oil and gas reserves aren't bound by city limits or county lines. And at least one company, Texas-based Ultra Resources, wants to drill in both El Paso County and Colorado Springs — soon. But it's premature to say whether the city ...
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Colorado Springs Independent
Museum fetes 'The Toughest Town in Texas'
The Gonzales Cannon
But ultimately it was one man, Edgar B. Davis, who put Luling on the map for good and transformed it forever when his well began gushing oil in 1922. The Central Texas Oil Patch Museum pays tribute to Luling's rich cultural heritage in the oil industry ...
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Energy Solutions International Welcomes New CEO TengBeng Koid
Sacramento Bee
"Having enjoyed substantial growth over the past five years, ESI is poised to take advantage of the numerous and growing market opportunities globally for its mission critical oil and gas logistics and transaction management solutions," said Chairman ...
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TexCom Appoints Oklahoma Corporation Commissioner Jim Roth as New Independent ...
Energy Digital (press release)
TexCom, headquartered in Houston, Texas, is a growth-oriented environmental services company with a primary focus on the disposal of nonhazardous wastes generated by the oil & gas industry. TexCom is expanding its interests to disposal of nonhazardous ...
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2011: Out with a whimper, not a bang
Chicago Tribune
In 2011, there was no more talk of cap-and-trade and new public/private green companies, but instead discoveries of oil and gas in unlikely places such as the Dakotas and Ohio. None of this was supposed to happen: Energy Secretary Steven Chu had ...
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BPZ Energy Provides Operations Update and Announces 2012 Capital Plan
MarketWatch (press release)
In the interim, the Company has received a new gas flaring permit to open the pre-existing A-12F well to test targeted oil and gas zones until the end of January 2012. Testing of this well is currently underway to further evaluate the field. ...
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Top Five Small Cap Companies Starting 2012 Strong
Equities.com
Trading since May, VOC Energy trust operates oil and gas wells in Kansas and East Texas. With close to 900 wells operating in 193 fields, VOC Energy owns 80 percent of the net profits from the oil wells, which are owned by VOC Sponsor. ...
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Equities.com
Reflections on Editor Smith's most recent frack column
Athens NEWS
If the first wells prove to be successful, for oil or gas, then the odds are that full-scale mining will go ahead. There are other factors. The value of gas and oil stocks on the stock markets will be a major consideration by the companies in these ...
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Crimson Exploration (CXPO) Shares Given New $3.75 Price Target by Rodman ...
LocalizedUSA
Crimson Exploration Inc. is an independent energy company engaged in the acquisition, exploitation, exploration and development of oil and natural gas properties, primarily in the United States Gulf Coast and South Texas regions. As of December 31, ...
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Tesoro Posts Unexpected Loss as Crude Price Gains Erode Refining Margins
Bloomberg
The Standard & Poor's 500 Oil & Gas Refining & Marketing Index (S5OILR), which includes Tesoro and three other refiners, fell 4.5 percent to $202.91. The loss follows a six-fold rise in profit in the third quarter as Tesoro benefited from discounts on ...
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Will they drill? We may know within a month
Athens NEWS
It is known that Chesapeake Energy, a giant oil-and-gas exploration company based in Texas, is taking a significant stake in the Utica shale in Ohio, which includes a joint venture with a French company's subsidiary, Total E&P USA, Inc., ...
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Athens NEWS
Record gas highs expected in 2012
KXII-TV
The Strait of Hormuz is a major oil shipment route in the Persian gulf. Douglass said if the US and Europe decide to embargo Iran, which exports over 2-million barrels of crude oil everyday, gas prices are sure to go up. ...
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Credo continues shift to oil, increases total reserves 25%
Gas Business Briefing
For fiscal 2011, oil reserves increased 106% in the North Dakota Bakken and Three Forks, Kansas-Nebraska and Texas Panhandle drilling projects. No gas wells were drilled during the last fiscal year, and natural gas reserves decreased approximately 8% ...
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C&J Energy Services Visits NYSE to Ring the Opening Bell
Sacramento Bee
5, 2012 /PRNewswire/ -- On Friday, January 6, 2012, C&J Energy Services, Inc. (NYSE:CJES), a leading provider of premium hydraulic fracturing, coiled tubing and pressure pumping services to the oil and gas industry, will visit the New York Stock ...
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TXI Reports Second Quarter Results
MarketWatch (press release)
Other income for the three-month period ended November 30, 2011 increased $0.2 million from the prior year period primarily due to higher gains from routine sales of surplus operating assets and oil and gas royalties and lease bonus payments. ...
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Gas prices reach record high
KXII-TV
Maybe you need to appoint an oil czar. by Just Sayn' Location: texas on Jan 5, 2012 at 07:59 AM These 40 per gallon vehicles sound really good right now! by Confused Location: Sherman on Jan 5, 2012 at 07:05 AM How is this a record high? ...
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Federal government holding America back
phillyBurbs.com
The EPA, which for a while seemed wedded to science and sense, has now put out a new study on this horizontal drilling technology affording relatively easy, inexpensive access to mammoth oil and gas reserves and carefully monitored by the states. ...
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Local economy recovers despite drag from drought
Amarillo.com
Hughes estimated 1 in 6 jobs in the Texas Panhandle has some tie to the oil and gas industry, from those actively involved to law and accounting firms. The commodities sector — products grown by farmers and raised by ranchers — will see a mixed bag ...
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Recapping year's most significant outdoor issues
Corpus Christi Caller Times
Unfortunately there was a political downside of the offshore mishap in the form of a policy to remove retired oil/gas rigs from the Gulf at an unprecedented rate. During 2011, SEA joined forces with a nonprofit conservation foundation called Save the ...
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Wentworth sparks a residency battle in state Senate race
San Antonio Express
Rick Perry appointed her in 2005 to the powerful Railroad Commission, which regulates the state's oil and gas industry. Statewide voter registration records show Jones registered to vote in Travis County in April 2005, said Ruth Rea, ...
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Thompson & Knight Assists EIG in $1.25 Billion Acquisition
Citybizlist (press release)
John W. Rain and Timothy T. Samson led the Thompson & Knight team of attorneys working on the transaction, which included Richard B. Hemingway, Jr. and Hunter H. White of the Oil and Gas Practice Group; John R. Cohn, R. David Wheat, and Sam L. Merrill ...
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Tax rebate checks for cities up across county in December
Longview News-Journal
“November's monthly gain showed growth in a range of sectors like manufacturing, the oil and natural gas industry, retail trade and restaurants.” The comptroller sent cities, counties, special purpose districts and transit systems $435.8 million in ...
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Gold Climbs for Fifth Day; Copper Advances: Commodities at Close
BusinessWeek
US natural gas: NI NUSMKT Gasoil, or diesel, swaps for February climbed $2.25, or 1.8 percent, to $128.45 a barrel at 11:30 am Singapore time, according to PVM Oil Associates Ltd., a broker. Prices are the highest since Nov. 17. ...
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Lucas Energy acquires Eagle Ford acreage from Hall Phoenix
Gas Business Briefing
... deal to acquire all of Hall Phoenix Energy LLC's interests in oil, gas and mineral leases in the Eagle Ford/Eaglebine/Austin Chalk Trend. The properties, including about 5500 net acres, are located in the Texas counties of Wilson, Leon and Madison. ...
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Crude oil steady near $103
UPI.com
February delivery West Texas Intermediate crude oil added $1.28 to $103.26 per barrel. Home heating oil added 0.8 cents to reach $3.0907 per gallon. Reformulated blendstock gasoline dropped 0.83 cents to $2.7769 per gallon. Henry Hub natural gas prices ...
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A $2 Billion Deal With Total The Latest Update For The Chesapeake Energy Joint ...
Seeking Alpha
Barnett Shale joint venture with Total - It is almost like Chesapeake is trying to learn new languages, this time teaming up with a French company. For $2.25 billion Total got a 25% interest in Chesapeake's Barnett shale properties, which implied that ...
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Chesapeake short of investment-grade rating
Fort Worth Star Telegram (blog)
2 natural gas producer in the Barnett Shale, faces more asset sales to reach an investment-grade rating after it arranged transactions that are generating $1.2 billion in cash. This is only a preview. Your comment has not yet been posted. ...
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Canada fracking creates 'test tube' residents in BC, Alberta
DigitalJournal.com
The Barnett and Marcellus shale plays in the US are opportunistic for fracking because of their close proximity to markets and existing infrastructure. Not so for northwest Canada. Luring the fracking companies to the harsh far north required the ...
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DigitalJournal.com
Total Expands Its Position in the USA, Entering the Utica Shale Formation in Ohio
VAdvert Press Center (press release)
Yves-Louis Darricarrère, President, Total Exploration & Production, stated “Total is delighted to be building on our technical successes with Chesapeake in the Barnett Shale Joint Venture and to expand into the liquids-rich Utica Shale play in Ohio. ...
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