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Monday, January 30, 2012

Eagle Ford Shale ~ Texas Oil and Gas - News and Information - 1.30.2012

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Texas Oil and Gas  -  News and Information
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Is Anyone Still Drilling for Natural Gas?
DailyFinance
Carrizo Oil & Gas (NAS: CRZO) , a company with a balanced portfolio of assets that includes the Eagle Ford Shale, the Niobrara Shale, Barnett Shale, and Marcellus Shale. For the full year, Carrizo expects to spend about 67% of its drilling capex on ...
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Texas ain't the oil king that it used to be
FuelFix (blog)
Due to shale drilling North Dakota, Texas and elsewhere, oil production in the US has risen to 6 million barrels of oil per day. But it's still a far cry from the more than 10 million barrels a day produced in 1970. Despite the Eagle Ford and Barnett ...
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FuelFix (blog)
Dividend Paying Pipeline MLPs Are Immune From Oil And Gas Prices - Part 2
Seeking Alpha
It is spending over $450 million on its Product Pipeline segment for the following projects: to connect the Eagle Ford Shale play to the Houston Ship Channel; to build a condensate processing facility at its Galena Park facility; to upgrade existing ...
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Howard Energy Partners Announces Addition to Leadership Team
Citybizlist (press release)
... Midstream Energy Partners, LLC dba Howard Energy Partners is an independent, total-solutions energy services company, owning and operating approximately 280 miles of natural gas pipelines in the Eagle Ford Shale producing region in south Texas.
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The Rise of Indian Energy M&A
Bar & Bench
Like GVK, GAIL (India) Ltd. too was active in the outbound space and in 2011 acquired a 20 percent interest in Carrizo Oil & Gas' Eagle Ford shale assets in the United States for $95 million. GAIL also plans to make additional investments in the US in ...
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EIA: US Lower-48 Natural Gas Output In Nov +1.3% To Record 72.61 Bcf/d
Fox Business
... and 1.6%, or 0.14 billion cubic feet per day, respectively, the EIA said. "These gains in production can partially be explained by new wells and continuous drilling in the Marcellus, Eagle Ford and Haynesville shale plays," the EIA said.
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Eagle Ford shale deposit has problem side | News - Home - KSAT.com
Hotels, restaurants, even places like welding shops are thriving due to the Eagle Ford Shale area, but is there a price to pay for the economic boom?
www.ksat.com/news/Eagle-Ford-shale.../-/index.html
Eagle Ford Shale Forum - Stocks To Buy Forum
The Eagle Ford Shale is a large oil field located in South Texas. There is also ... If you see any good Eagle Ford Shale news that is market moving, post it below.
www.stockstobuy.org/xn/detail/3237573:Group:328892?xg...
RIGZONE - TRC: Water Supply Adequate to Support Eagle Ford ...
Welcome to Rigzone - the leading news & jobs site for the global oil and gas industry. .... The Eagle Ford shale boom, which has resulted in a significant influx of ...
www.rigzone.com/news/article.asp?a_id=114624



COMSTOCK RESOURCES, INC. ANNOUNCES 25% INCREASE IN PROVED OIL AND GAS RESERVES ...
MarketWatch (press release)
FRISCO, Texas, Jan. 30, 2012 /PRNewswire via COMTEX/ -- Comstock Resources, Inc. ("Comstock" or the "Company") /quotes/zigman/222982/quotes/nls/crk CRK +2.03% announced today that its proved oil and natural gas reserves as of December 31, ...
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Texas oil, gas sector hits growth gusher in 2011
Houston Business Journal
In Texas, the oil and gas industry saw growth in almost every sector, from employment to drilling permits, in 2011. A new report from the Texas Alliance of Energy Producers said that even though natural gas prices declined, oil prices continued to ...
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Pegasi Energy Announces the Commencement of Drilling of Its Morse Unit #1 ...
MarketWatch (press release)
TYLER, Texas, Jan 30, 2012 (GlobeNewswire via COMTEX) -- Pegasi Energy Resources Corp. /quotes/zigman/500090 PGSI -2.86% (the "Company"), an East Texas based oil and gas exploration and production company headquartered in Tyler, Texas, today announced ...
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Profire Energy, Inc. Announces New Office in Texas
MarketWatch (press release)
Profire Energy currently services a number of integrated and exploration oil and gas companies in Texas. Cameron Tidball, Profire Energy's Regional Sales Manager, commented, "Opening an office in Houston is a logical step in our growth and development ...
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Interline Resources Corporation Announces Completely New Board of Directors ...
MarketWatch (press release)
HOUSTON, TX, Jan 30, 2012 (MARKETWIRE via COMTEX) -- Interline Resources (pinksheets:IRCE), a twenty year old midstream, natural gas and oil development company, announces a completely new board of directors, new management team and plans for its ...
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Retreat from natural gas grows as price shrinks
San Antonio Express
Oil and gas companies released a stream of announcements last week of plans to close off natural gas wells, pull out gas rigs and curtail spending in gas fields from Texas to Pennsylvania. Oklahoma City-based Chesapeake Energy, the nation's ...
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Weak Demand Outlook Forces Exxon Mobil (XOM) to Sell Its Japanese Unit
NewsyStocks.com
The latest step of the largest oil and gas company comes amidst other companies shifting their focus towards more profitable business within the petroleum space. The Irving, Texas-based Exxon Mobil disclosed that it struck a deal with TonenGeneral ...
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Texas Pacific Land Trust Fourth Quarter Earnings Release (Unaudited)
MarketWatch (press release)
Forward-looking statements include statements regarding the Trust's future operations and prospects, the markets for real estate in the areas in which the Trust owns real estate, applicable zoning regulations, the markets for oil and gas, ...
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WSJ: Apollo-led Group Nears Deal To Buy El Paso Exploration Unit For $7 Bln
NASDAQ
(RTTNews.com) - Oil and gas producer El Paso Corp. (EP), which has agreed to be bought by Kinder Morgan, Inc. (KMI), is in advanced talks to sell its exploration unit to a consortium led by private equity firm Apollo Global Management LLC for about $7 ...
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PureSpectrum, Inc. Enters Joint Venture Discussions to Acquire Interest in ...
MarketWatch (press release)
Texas, Alaska, Oklahoma, Wyoming and New Mexico account for nearly half of the total US crude oil reserves; New Mexico, California and federal offshore areas provide most of the remainder." Increased oil, natural gas and renewable energy production ...
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Experts deliver dire warnings about fracking impacts
Athens NEWS
Hundreds of people packed a lecture hall at Ohio University Saturday to hear some fairly dire warnings on what could happen to Athens County if the oil-and-gas industry begins to drill into deep underground shale beds here using the horizontal ...
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Athens NEWS
Supply & demand: UND department responds to oil boom
Grand Forks Herald
UND is stepping on the gas to meet the needs of North Dakota's oil boom. The new Department of Petroleum Engineering at UND has enrolled 40 students in its bachelor's degree program, and Steve Benson, program director, expects the number will climb to ...
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Gas rig count falls, oil rig count rises slightly, BHI says
Gas Business Briefing
The number of rigs targeting oil and gas continued drift last week, although not to the extent reported in the last few weeks, Baker Hughes Inc revealed in its weekly rig count. The number of rigs targeting oil rose by two, to 1225 as of last Friday, ...
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Hyperdynamics says Guinea well costs hurt liquidity
Reuters Africa
(Reuters) - Oil and gas explorer Hyperdynamics Corp said its liquidity had been hurt by higher-than-expected costs of drilling an exploratory well offshore the Republic of Guinea but added it has capital resources to complete the drilling. Texas-based ...
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With stunning new Asia Society Texas Center, Houston's future looks to the Far ...
CultureMap Houston
Roy M. Huffington, the independent oilman who, together with former first lady Barbara Bush and other visionary Houstonians, founded Asia Society Texas Center in 1979, was a pioneer natural gas producer in Indonesia in the 1970s. US oil and gas ...
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CultureMap Houston
Golden Gate's Permian promise
Sydney Morning Herald
Trading at 2.3 cents before today, the oil and gas minnow has a market cap of just $44 million. And yet it has captivated many investors' interest after drilling four wells in less than two months in the giant Permian Basin in southern Texas.
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Retail gasoline prices up 2 cents across Texas
Las Vegas Sun
Texarkana, Dallas and Fort Worth had the most expensive gasoline statewide this week, at $3.28. AAA Texas says Amarillo reported the least expensive gasoline, at $3.03 a gallon. Analysts say oil markets continue to be under pressure amid mounting ...
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Budget Battles Still Ahead for Texas Legislature
Texas Tribune
“Sales tax is a major source of our revenue and it's been doing well, increasing for 20-plus months now because of a combination of strong business spending and industries like oil and gas producing sectors and consumer spending,” DeSilva said.
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Factbox: Enbridge pipeline to the Pacific: facts and issues
Reuters
For its supporters, Northern Gateway took on more urgency with Washington's rejection this month of TransCanada Corp's Keystone XL pipeline, which was designed to carry oil sands crude to Texas from Alberta. Here are the facts and figures and the major ...
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Orca Energy in halt pending corporate transaction and capital raising
Proactive Investors Australia
Orca has not yet elaborated any further on the details of the pending announcement, but the company is currently drilling at the Seabiscuit Oil & Gas project in Matagorda County, Texas. The company said earlier in the month that it had been advised by ...
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Proactive Investors Australia
Treaty Energy Corporation Strikes Oil in Belize
Sacramento Bee
At 1235 ft hydrocarbons were detected in the form of a gas register. This presence of C1-C4 gas readings indicated a geo-pressurized oil bearing zone/gas driven. As drilling continued the indicator steadily increased from the depth of 1235 ft with ...
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US Midwest Jobs Return as Applesauce Joins Cars to Lift Obama
BusinessWeek
Automakers are ramping up production as demand returns, energy companies are exploiting oil and natural-gas sources, commodity prices are supporting a return to long-closed iron and copper mines, and agriculture companies are finding new export markets ...
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MLPs Have Fundamentals As Strong As Any Business On The Planet, Says Managing ...
The Wall Street Transcript
... Mr. Swank was President and CEO of John S. Herold, Inc., a 50-year-old independent oil and gas research and consulting company. Mr. Swank holds a BA in economics from the University of Missouri and an MBA from the University of North Texas.
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1/30 Business briefs: Oil prices, State Bar and pesticides
Farmington Daily Times
A year ago this week Baker Hughes reported 1732 active rig Of the major oil- and gas-producing states, Oklahoma gained six rigs and Alaska picked up four. New Mexico was up by three, and Arkansas gained one. Texas lost six rigs, while Louisiana and ...
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Blue Dolphin Announces 2011 Annual Stockholders Meeting Results
Citybizlist (press release)
HOUSTON -- Blue Dolphin Energy Company (Nasdaq:BDCO), an independent oil and gas company, today announced the results of its 2011 Annual Meeting of Stockholders, which was held on January 27, 2012 at 10:00 am Central inHouston, Texas.
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Fuel's errand
The Lawyer
North Sea oil and gas has been declining for many years, yet we have 40 per cent of all the wind resource in Europe to take advantage of. Now, as fossil fuels become more scarce and bills have really started to rise, people's minds are rightly more ...
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The Lawyer
Relatively Good Performance Detected in Shares of Patterson-UTI Energy in the ...
Financial News Network Online
We looked at the Oil & Gas Drilling industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in ...
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Business News, 1/30
San Angelo Standard Times
The West Texas Rehabilitation Center's 42nd annual telethon and auction last weekend raised more than $1.34 million, a record for the fundraiser. The grand total was $1335664. The overall total in 42 years is almost $35 million.
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P2 Energy Solutions Appoints Chad Martin Chief Financial Officer
MarketWatch (press release)
DENVER, Jan 30, 2012 (BUSINESS WIRE) -- P2 Energy Solutions, the largest independent software and services provider to the upstream oil and gas industry, announces Chad Martin as its new Chief Financial Officer. Martin comes to P2 with more than 20 ...
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Links: Congressional lines, the GOP's master and persuader, & a story from ...
witf.org
“A gusher of jobs”: StateImpact Texas has this story about how natural gas drilling is changing South Texas. Keywords: plentiful jobs, hard-worn roads, a record use of groundwater, and skyrocketing revenue from sales taxes. The tax revenue comes from ...
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Highway bill an unlikely vehicle for partisan energy fights
FuelFix (blog)
But with House Republicans now seeking to use the legislation to advance some of the policy items they've desperately sought — expanded oil and gas drilling and perhaps the Keystone XL pipeline's approval — Boxer's admonition seemed to go unheard.
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FuelFix (blog)
Crude oil slips under $99
UPI.com
30 (UPI) -- Crude oil prices slipped to under $99 per barrel Monday, as equities floundered around the globe due to a prolonged lack of a solution to debt issues in Europe. On the New York Mercantile Exchange, West Texas Intermediate crude shed 84 ...
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CenterPoint Energy Field Services Proposes New Gathering System in Mississippi ...
Sacramento Bee
"The White Eagle Gathering System would provide critical take-away capacity for the growing natural gas, NGL and crude oil production in the Mississippi Lime formation," said Bill May, senior vice president and chief commercial officer of CEFS.
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Magnum Hunter Provides Fourth Quarter 2011 Company Wide Operational Update
MarketWatch (press release)
Magnum Hunter achieved an average production rate of 9166 barrels of oil equivalent per day ("Boepd") during the fourth quarter of 2011. This production rate represents a 455% increase from the fourth quarter 2010 production and a 74% increase from the ...
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Telops Strengthens Its Position In USA By Assigning South
Photonics Online
Telops, leader in the field of high performance infrared cameras and hyperspectral imaging systems for the Defense and Security, Environmental, Oil and Gas, and Industrial markets, is pleased to announce the signature of South Central Imaging Inc. as ...
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Top American Companies Highlight Importance of Keystone XL To U.S. Job Creation
MarketWatch (press release)
HOUSTON, TEXAS, Jan 30, 2012 (MARKETWIRE via COMTEX) -- A number of US firms joined TransCanada Corporation /quotes/zigman/27173 CA:TRP -0.99% /quotes/zigman/27155/quotes/nls/trp TRP -1.22% today in stating how they will create thousands of American ...
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Ulterra Bit Sets Record in the Granite Wash
MarketWatch (press release)
FORT WORTH, Texas, Jan. 30, 2012 /PRNewswire via COMTEX/ -- A new 12.25-inch U616M, six-blade matrix PDC bit with 16mm cutters recently set a Roger Mills County footage record in western Oklahoma. The Ulterra bit drilled 7065 ft. from surface casing ...
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Waller Creek Conservancy Announces "Design Waller Creek: A Competition" Stage ...
MarketWatch (press release)
AUSTIN, Texas, Jan. 30, 2012 /PRNewswire via COMTEX/ -- The Waller Creek Conservancy announced today the results for Stage I of "Design Waller Creek: A Competition." Out of 31 submissions, nine design teams were selected by a jury of five esteemed ...
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Rescheduling of Conference Call and Webcast Alert: Atwood Oceanics, Inc ...
MarketWatch (press release)
Atwood Oceanics, Inc., is an international offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The company currently owns ten mobile offshore drilling units located in the United ...
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Blogs 3 new results for texas oil and gas
Penny Dreamers Alert $PSRU ! | Stock Market Newsletters
By admin
PureSpectrum, Inc. Signs Joint Venture for Oil & Gas Drilling in Texas; Partners with Paradigm Oil and Gas for Revenues in Q1 2012 TORONTO, Jan 18, 2012 (BUSINESS WIRE) — PureSpectrum, Inc. (PSRU – OTC Pink) announces today ...
Stock Market Newsletters
Their View: Don't use faulty science to destroy industry :: Texas Tech ...
By Clay Fuchs
Another study by Texas Tech stated that uncertainties related to the effects of oil and gas exploration on the lizard's population “preclude an accurate assessment of risks, and therefore prevent management decisions that could optimize both ...
Texas Tech Today
Exxon Mobil to Sell Japanese Refining and Marketing Business ...
By edliston
Exxon Mobil Corporation (NYSE: XOM), the Irving, Texas-based oil and gas giant, today announced that it is selling its Japanese refining and marketing business to TonenGeneral Sekiyu K.K. for $3.9 billion. The sale of the refining and ...
Stock Market News

Web 3 new results for texas oil and gas
Visit our Blog - Texas Oil and Gas Law Attorney
Welcome to our Texas Oil and Gas Law Blog. Posted on Jan 23, 2012 By Amaro Law Firm. Our attorneys are pleased to announce the launch of our Oil and Gas ...
www.oilgaslawsuits.com/Texas-Oil-and-Gas-Law-Blog.aspx
Texas Barrier Islands Region Ecological Characterization Atlas ...
SIGNIFICANT CONCLUSIONS: Oil and gas infrastructure and mineral resources, socioeconomic and natural resources, and biological resources of the Texas ...
www.data.boem.gov/PI/PDFImages/ESPIS/3/3855.pdf
Profire Energy, Inc. Announces New Office in Texas
Profire Energy currently services a number of integrated and exploration oil and gas companies in Texas. Cameron Tidball, Profire Energy's Regional Sales ...
www.live-pr.com/.../profire-energy-inc-announces-new-office...



How Low Can Chesapeake Energy Go? Try Under $15
CNBC.com
"These actions include monetizing its gas hedges, accelerating the Total Barnett Shale JV carry payments, and even issuing the Utica Shale perpetual preferreds after a smaller-than-expected JV." Earlier this week, when the first line of Chesapeake ...
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Oil and gas for checkout
Oil & Gas Journal
Some of the sources available are the International Petroleum Encyclopedia, SPE Conference Proceedings, Powell Barnett Shale Newsletter, US Lease Price Report, and property and lease ownership maps. Students in Oklahoma had the opportunity to learn ...
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