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Friday, February 10, 2012

Eagle Ford Shale ~ Texas Oil and Gas - News and Information - 2.10.2012

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Texas Oil and Gas  -  News and Information
Santorum touts fracking during Okla. campaign stop
FuelFix (blog)
Sand flows at a Chesapeake Energy well near Carrizo Springs in the Eagle Ford Shale. Houston-based Carrizo Oil & Gas is stepping up its presence in the Eagle Ford. (Photo: John Davenport/San Antonio Express-News) OKLAHOMA CITY — Republican ...
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FuelFix (blog)
Blackstone, partner raises $1 bln to develop shale fields:report
The investment gave Blackstone a position in the oil-rich Eagle Ford Shale in south Texas. Blackstone Group was not immediately available for comment. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Muralikumar Anantharaman)
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GeoSouthern Energy & Blackstone Announce $1.0 billion Credit Facility for the ...
MarketWatch (press release)
Proceeds from the facility will be used to continue the development of GeoSouthern's 173000 gross acre position in the condensate and oil windows of the Eagle Ford shale play. When combined with prior equity and debt financings, this financing will ...
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Plains to boost oil lease gathering volumes 100000 bpd
Reuters Africa
Speaking during the fourth quarter 2011 earnings call, a company spokesman said the growth in the lease gathering was due to production growth in the Eagle Ford and Permian Basin regions as well as Western Oklahoma. Eagle Ford shale formation in south ...
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December sales send some Coastal Bend tax payments surging
Corpus Christi Caller Times
By Mike D. Smith CORPUS CHRISTI — It could have been the constant Christmas retail activity at area stores, or more direct and indirect effects of the Eagle Ford Shale's continued oil and gas boom. Whatever the reason, December proved a phenomenal ...
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Plains sees low Bakken crude price good for rail
... a company spokesman said during a fourth-quarter earnings call. The excess of light sweet crude in the Gulf Coast from the burgeoning growth of Eagle Ford shale crude could result in the crude being moved to the East Coast on barge, the spokesman said.
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Anadarko Banks on Liquids Production Growth
Output from shale plays in the US contributed to 10% of the company's sales volumes. Output from the Eagleford Shale grew to 77000 barrels of oil equivalent per day with 65% coming in the form of liquids. The company also increased its natural gas ...
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BHP First Half 2012 a Wake-up Call but Still Positive
Toronto Star
Net debt to equity is conservative at 33%, even after substantial US shale gas purchases. BHP will prioritize development of the liquids rich Eagle Ford shale while US gas prices remain under pressure. Some in the press have misinterpreted this as BHP ...
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District 25 Republican candidates debate
KSAT San Antonio
Meanwhile, Texas Railroad Commission Chair Elizabeth Ames Jones touted her experience with energy and the Eagle Ford Shale. "I've served longer than any other woman as chairman of this great agency that oversees our great energy resources of this state ...
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Natural gas firm looking like a 'buy'
Lake County News Sun
RGP boasts an impressive operation at the Haynesville Shale site; increased demand for compression in RGP's Eagle Ford Shale field; recent cost-cutting measures; and partnerships in the Marcellus, Fayetteville and Barnett Shales.
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Global NuTech acquires Fishbone Solutions
Houston Business Journal
31, the company said it had acquired Texas Gulf Oil & Gas Inc., a Houston-based company that holds leases, options and working interests in 19 oil wells near the Eagle Ford shale play and the Austin Chalk. Global NuTech on Feb.
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TEXT-Fitch rates Enterprise Products Operating LLC
Reuters UK
... the growing utilization of NGLs by the petrochemical industry as feedstock for ethylene production; and the movement of natural gas production activity to liquids rich producing basins such as the Eagle Ford Shale play where EPO is well positioned.
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Economy moving forward in State of City address
Nueces County Record Star
The city was rated number two in the nation by Forbes magazine for communities of 450000 or less when it comes to job opportunities, and is sitting on the edge of one of the most significant oil finds in the history of Texas, from the Eagle Ford Shale.
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Shale Game: Was BHP Billiton Smart To Bet $20 Billion On Gas Fracking?
What's more, in the oil-rich Eagle Ford and Permian Basin acreage, BHP can give away the gas and still make good profits on the oil. The executives believe that in time demand will follow supply. “Shale is a game changer; it's real, it's abundant, ...
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Lucas Energy Announces Completion of Hagen Ranch No.4H Well
Citybizlist (press release)
HOUSTON -- Lucas Energy, Inc. (NYSE Amex:LEI), an independent oil and gas company, today announced that the Company has completed the Hagen Ranch No.4H well in Gonzales County, Texas as a flowing horizontal oil well in the Austin Chalk formation.
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Devon Energy says liquids now target in Barnett Shale play: CEO
Independent exploration and production company Devon Energy, which pioneered the Barnett Shale natural gas play in North Texas, is now focused on liquids drilling there while still holding steady on gas production, its CEO said Wednesday.
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Shales not yet a big factor in New Mexico gas
Oil & Gas Journal
And the Devonian Percha shale in southwestern New Mexico has “intriguing possibilities,” wrote Ron Broadhead and L. Greer Price. The Devonian Woodford shale, Mississippian Barnett shale, Pennsylvanian Morrow and Atoka shales, and the Permian Wolfcamp ...
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Another Round in Texas vs. the EPA: Don't Touch Our Fracking
StateImpact Texas
The EPA is currently investigating a case of potential drinking water well contamination in the Barnett Shale in Denton and Wise counties. That case study is separate from the Range Resources investigation.
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StateImpact Texas
Labor carbon tax ads broke rules
WA Business News
The Aus West Australian Premier Colin Barnett has thrown the troubled $6 billion Oakajee port and rail project into confusion, declaring his original preferred northern rail line might not be built before a smaller capacity southern rail corridor.
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Magellan problems a test for future miners
The West Australian (blog)
By Gareth Parker | View Archive February 9th, 2012, 12:14 pm In the wake of the Barnett Government's rejection this week of a second coal mining proposal in Margaret River, another litmus test is looming for a jurisdiction the Premier proclaims as the ...
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3 billion barrels forecast in Brown Dense shale
... 3 billion barrels of recoverable oil on the company's 500000 acres in the Lower Smackover Brown Dense formation in south Arkansas and north Louisiana.

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