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Today's words of Wisdom...

30. "If you get to thinkin' you're a person of some influence, try orderin' somebody else's dog around."
~ 38 Texas Proverbs

Saturday, May 19, 2012

Eagle Ford Shale - Texas Oil and Gas News - 5.19.2012

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Texas Oil and Gas  -  News and Information
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A welcomed respite in a boom town
San Antonio Express
By Beth Brown PEARSALL — The Eagle Ford Shale boom has brought almost 50000 workers to South Texas, and San Antonio-based caterer Don Strange of Texas is capitalizing on the demand for food with a new food and entertainment venue here as well as ...
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Oil Prosperity Comes To McMullen County, Texas
Daily Markets
McMullen County Texas is in the heart of the oil-rich Eagle Ford Shale formation in South Texas, where oil production is gushing and could reach 1 million barrels per day by 2016. A recent study from the University of Texas-San Antonio projects the ...
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SA man bets all on luxury 'man camp'
KSAT San Antonio
Man camps with nothing but the essentials are popping up all across South Texas to squeeze in all the workers from the Eagle Ford Shale. But Bill Wakim had a different idea. He built Wotel One near Carrizo Springs, and he wants it to cater to the oil ...
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Analyst: US unconventional liquids production could mean zero net oil imports
Oil & Gas Journal
He credited horizontal drilling and multistage hydraulic fracturing in North Dakota's Bakken formation and the South Texas Eagle Ford shale with reversing a nearly 40-year-long decline in domestic oil supply. During 2011, US oil production reached 8.1 ...
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FTS International announces layoffs in Shreveport, Longview
KLTV
FTSI has been moving its completions equipment and personnel to work in areas where more wells are being drilled, such as the Eagle Ford Shale in south Texas and the Permian Basin area of west Texas. We will continue to operate in the Haynesville area ...
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Chesapeake: This $13 Stock Is Out Of Gas
Seeking Alpha
In fact, ConocoPhillips recently indicated that its planned $15 billion capital expenditures for each of the coming years will focus on US shale plays, specifically the Eagle Ford, the Permian Basin, and the Bakken - three areas where Chesapeake has ...
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Barnett Shale Rig Report
Fort Worth Star Telegram
Devon Energy Production Co., Oklahoma City: horizontal off Farm Road 1187, southeast of US 377 and Farm Road 1187. XTO Energy, Fort Worth: horizontal off I-20 and Winscott Road. XTO Energy: horizontal off Insurance Lane, west of I-20 and I-35W.
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Fort Worth Star Telegram
Atlas Resources Buys Another Big Barnett Asset
NGI's Shale Daily (subscription)
Atlas Resources Partners LP (ARP) has made a friendly deal to take over privately held Barnett Shale operator Titan Operating LLC for $184 million, giving the Philadelphia-based operator another big natural gas liquids (NGL) lift in the heart of Texas.
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Devon: Ready To Jump 40% On Natural Gas Rebound
Seeking Alpha
Devon attributes its 21% increase in liquid natural gas production primarily to activities in the Barnett Shale, Cana-Woodford Shale and Granite Wash. Devon appears to believe that natural gas prices will remain stable for the short term, ...
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French company receives its stakes in leases
Youngstown Vindicator
When the agreement between Chesapeake and Total was announced Aubrey K. McClendon, Chesapeake's CEO called the venture an extension of the companies' relationship that began in the Barnett Shale. “We believe that the Utica Shale is a world-class asset ...
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Gas-rich states lose fracking lottery
The Republic
(Reuters) - While Pennsylvania, northwestern Louisiana and gas-rich areas around the Gulf of Mexico are losing jobs and revenue as the fracking industry shrinks after a price collapse, oil-rich North Dakota and Texas are in the midst of a boom.
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Comstock Stays Neutral
Zacks.com
Frisco, Texas-based Comstock is an independent oil and gas exploration and production company engaged in the acquisition, exploration and development of oil and gas properties. The company's operations are concentrated primarily in two regions in the ...
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Anadarko to Present at Upcoming Oil & Gas Conference
Energy Digital (press release)
HOUSTON, TX--(Marketwire - May 18, 2012) - Anadarko Petroleum Corporation (NYSE: APC) today announced that Vice President, Exploration, Ernie Leyendecker, will present at the 2012 UBS Global Oil & Gas Conference on Wednesday, May 23, 2012 at 7:30 am ...
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PN Bakken: March output makes North Dakota second biggest US oil producer
Petroleum News
North Dakota oil drillers pumped 17.8 million barrels in March, with a daily average of 575490 barrels, said Assistant North Dakota Oil and Gas Division Director Bruce Hicks. That compares to 17.6 million in Alaska, though still far behind Texas.
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Tax Controversies, Tax Reform And Oil & Gas
Metropolitan Corporate Counsel
We are fortunate to be located near the Eastern District of Texas where the federal court offers an expedited docket for intellectual property litigation. We also were identified as the nation's top oil and gas firm for 2012 by US News & World Report ...
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Range sues Texas resident after YouTube post
Upstream Online
The battle playing out in state court has raised thorny questions about free speech as well as the US Environmental Protection Agency's regulation of the oft-controversial well-stimulation process, used to extract oil and gas from horizontal wells ...
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Oil, gas prices may keep sliding to long weekend
The Detroit News
Detroit's average gas price on Friday was 3.81 per gallon. Lower oil prices are the main reason. Weaker demand is also helping to push down prices, as consumers watch their spending in the sluggish economic recovery. Motorists on the West Coast, ...
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Imperial Oil's Kearl output will push prices down, analyst says
Edmonton Journal
“There is really no market for it until BP's Whiting refinery expansion (near Chicago) opens in mid-2013,” Bank of Montreal oil and gas analyst Randy Ollenberger said Friday. The BP refinery is being modified to handle the heavy crude from the oilsands ...
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Modular housing maker targets oil, gas industry
Northern Colorado Business Report
PTI said it will sell its accommodations statewide, as well as in Wyoming, Utah, Texas, the Dakotas and Montana, to the oil and gas industry. But PTI acquired the facility – once occupied by Barvista Homes, a modular single- and multi-family home ...
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TEXT-S&P cuts Clayton Williams Energy ratings
Reuters
The corporate credit rating continues to reflect the company's modest scale of operations, high cost structure, and inherent volatility in cash flows because of crude oil and natural gas price fluctuations. Somewhat countering this in the near term is ...
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PN Bakken: Infrastructure puts crimp on Bakken
Petroleum News
“The infrastructure is stressed,” Mark Williams, senior vice president of exploration and development at Whiting Petroleum, told a Platts Rockies Oil and Gas Conference. “The road system is very difficult. It's difficult to move oil field services in ...
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Crowded field vies to succeed Ron Paul in US House
Austin American-Statesman
By WILL WEISSERT The Associated Press LAKE JACKSON, Texas — When Republican congressional hopeful Randy Weber knocks on doors in Ron Paul's hometown and says he'd like to take "Dr. No's" place in Washington, he offers a caveat.
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Why Are Gas Prices Going Up When Demand Is Going Down?
Car and Driver
But domestic West Texas Intermediate crude is only getting $107 per barrel—a full $38 below the 2008 peak. Meanwhile, we are told that US oil production is up, gasoline demand is down, and we are even exporting gasoline to foreign countries.
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Car and Driver
The age of extreme oil: 'This used to be a forest?'
Globe and Mail
They had flown 8000 kilometres from the rain forest to beseech Talisman Energy Inc., the Calgary-based oil and gas conglomerate, to stop drilling in their territory. Talisman's annual general meeting was coming up, and the Achuar were invited to state ...
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Globe and Mail
Why We Aren't Driving Natural Gas Powered Cars
Jalopnik
America is in the midst of the biggest energy boom since Texas' 20th Century Gusher Age. All over the country, new drilling techniques have created an abundance of cheap natural gas. With domestic production at more than 25 billion cubic feet per day, ...
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Midland's unemployment rate drops to 3.5 percent
Midland Reporter-Telegram
Fueled by growth in the dominant oil and gas sector, Midland and Odessa continue to lead the state labor market. The Texas Workforce Commission said Friday the unemployment rate in the Midland metropolitan statistical area fell to 3.5 percent in April ...
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Texas Town Rocked By Unusual Quakes Suspects Natural Gas Drilling
International Business Times
7, 2012, the county was home to 541 natural gas wells, according to data kept by the Texas Railroad Commission, the state's oil and natural gas regulator. Timpson, Burns said, has seven to 10 saltwater waste injection wells within a 10-mile radius.
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International Business Times
Austin jobless rate drops to 5.5 percent
Austin American-Statesman
Austin still trails several other Texas cities for employment growth, particularly areas fueled by oil and gas, such as Odessa (9.8 percent), Laredo (5.2 percent) and Corpus Christi (4.2 percent). Those metro areas have the fastest rates of employment ...
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Austin American-Statesman
A Clean-Air Program, Texas-Style (Side Effects May Include A Natural Gas Subsidy)
Dallas Observer (blog)
But one provision, passed in the last legislative session and sponsored by Woodlands Republican Senator Tommy Williams, promises a seeming panacea -- to bolster our energy independence from foreign oil; to clean the air; and to spur clean-energy job ...
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Prices dropping at the pump
STLtoday.com
That's because the gas they buy is refined from oil produced in the Gulf Coast region, where prices are among the lowest in the country, Kloza said. And state and local gas taxes there are lower than in other areas. For example, the average pump price ...
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Expect lower gas prices heading into Memorial Day
Washington Post
Lower oil prices are the main reason. Weaker demand is also helping to push down prices, as consumers watch their spending in the sluggish economic recovery. Motorists on the West Coast, in Illinois and New York are paying the most for gas — from $3 ...
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Fort Worth-Arlington unemployment rate falls to 6.3 percent
Fort Worth Star Telegram
While natural gas drilling has slowed considerably in the Barnett Shale, drilling for oil has surged in South and West Texas. "It's still growing at 15 percent over the year," Abbot said. "Even though it's a small sector, that little sector is adding ...
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Louisiana Politics: Vitter, Salazar, Scalise and New Orleans School Board
Bayoubuzz
If you haven't been following the debate, the term "legacy lawsuits" is used in reference to lawsuits where a landowner claims old oil and gas operations contaminated their property. These lawsuits are often filed against every operator who has ever ...
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Eagle Energy Trust Announces Closing of Bought Deal Financing and Acquisition
Energy Digital (press release)
Eagle Energy Trust is an energy trust created to provide investors with a publicly traded, oil and natural gas focused, distribution producing investment with favourable tax treatment relative to taxable Canadian corporations.
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US spot Henry Hub gas price slips from 3-month high
Reuters
But Baker Hughes data also showed that horizontal rigs, the type most often used to extract oil or gas from shale, hit another all-time high this week, climbing six to 1193. The shift away from dry gas to higher-value shale oil and shale gas liquid ...
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Pipeline Flip Turns US Oil World 'Upside Down'
Minnesota Public Radio
That flow reversal could soon have implications at gas pumps around the country. "For 40 years, crude oil flowed north," says Philip Verleger, a visiting fellow at the Peterson Institute for International Economics. "Today, oil flows south.
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Oil drillers find shipwreck
Burlington Hawk Eye
By STACEY PLAISANCE AP NEW ORLEANS - An oil company exploration crew's chance discovery of a 200-year-old shipwreck in a little-charted stretch of the Gulf of Mexico is yielding a trove of new information to scientists who say it's one of the most ...
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Local jobless rate declines
Houston Chronicle
Smith said he would like to see stronger month-over-month growth of Houston's bread-and-butter industries, including oil and natural gas exploration and production. "We need to keep an eye on that," he said. But Smith said Houston is doing well, ...
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US drilling rig count gains 12 units to reach 1986
Oil & Gas Journal
By Steven Poruban There were a total of 1986 oil and gas drilling rigs working in the US this week, up by 12 units from last week. The rig count for the week ended May 18 was up by 156 rigs compared with the same period a year ago, Baker Hughes Inc.
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Chorus of Chesapeake critics grows louder
Houston Chronicle
McDonald said earlier this week, however, that the company's holdings in oil and gas fields are worth as much as $60 billion and parcels can be sold to pay off lenders and keep oil rigs drilling. The company plans to sell up to $11.5 billion in assets ...
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The week ahead: House GOP takes energy campaign on the road
The Hill (blog)
Republicans over the last year have pushed a series of bills through the chamber aimed at mandating domestic oil-and-gas leasing policies that are far more aggressive than the White House's current approach. They're also critical of plans to regulate ...
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DNR terminates North Slope unit after long delays
Anchorage Daily News
Alaskan Crude argues the termination is premature because the company is working through an appellate review before the Alaska Oil and Gas Conservation Commission. The company asked the state for permission to begin drilling next winter.
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Ted Cruz on SP Radio: Phones Lit Like Christmas Tree after Palin Endorsement
The Cypress Times
... and he got a job washing dishes making 50 cents an hour, and paid his way through the University of Texas. And he and my mother ended up starting a small business – a seismic data processing business in the oil and gas industry. When I was a kid, ...
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Making sense of gas dollars
Northwest Herald
Demand also is a key factor in the price of gas. Whether it's oil from Saudi Arabia or oil from Texas, it can be shipped anywhere there is higher demand. DeHaan compared trading in crude oil to a massive eBay auction involving countries around the ...
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PN Bakken: The Bakken from five points of view
Petroleum News
In the liquids-rich Marcellus shale, Magnum Hunter estimates a 33 percent IRR based on an average well cost of $6.5 million and an EUR of 8.2 billion cubic feet of natural gas. Those figures assume oil prices at $90 per barrel.
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Sintana Energy Inc. Completes ColCan Business Combination And $11 Million ...
Stockhouse
The principal purpose of the Business Combination is to combine interests in oil and natural gas blocks held by Sintana with those held or in the process of being acquired by ColCan in Colombia. ColCan contributed its interest in VMM 37 by virtue of ...
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Blogs 3 new results for texas oil and gas
Comstock Stays Neutral
By Zacks Investment Research
Frisco, Texas-based Comstock is an independent oil and gas exploration and production company engaged in the acquisition, exploration and development of oil and gas properties. The company's operations are concentrated primarily in two ...
DailyMarkets.com
PKF Texas: The Entrepreneur's Playbook® - Paul Parsons - The ...
Then the gas supplies get to be so abundant that the price plummets and now drilling has moved away from the shale gas and is more towards shale drilling that involves liquids such as oil or gas liquids, and these areas are like the Bakken ...
The Businessmakers Radio Show
Learning Lessons From California - - Politics
By Richard Larsen
An estimated 25 billion barrels of oil are sitting untapped in the vast Monterey and Bakersfield shale deposits. Over the past decade, Texas has created 200000 oil and gas jobs, while California has hardly added any. The Wall Street Journal ...
Politics

Web 6 new results for texas oil and gas
Dawson County, TX - Oil & Gas Discussion - Mineral Rights Forum
Oil & gas discussion group for those interested in Dawson County, TX. Share your experience regarding lease bonus, royalty rates, drilling activity, an…
www.mineralrightsforum.com/.../4401368:Comment:193912?...
North Dakota and Texas: Oil's MVPs | IPAA
The fact is there has been an absolute revolution in oil and natural gas development ... America's two “All-Star States” of North Dakota and Texas, with their now ...
www.ipaa.org/2012/05/09/north-dakota-and-texas-oil’s-mvps/
Oil And Gas Job Cedar Park Texas | Manufacturing Engineering ...
Engineering Manufacturing Engineering Support Tech TX.
oil-and-gas.jobs.net/.../manufacturing-engineering-support-tec...
Aztec announces successful drilling in Montgomery County, Texas
Aztec Oil & Gas, Inc., announced the successful drilling of the Blackstone Southland #1 well, located in Montgomery County, Texas. The well was drilled, logged, ...
www.worldoil.com/Aztec_announces_successful_drilling_in_...
Texas Oil and Minerals (TOMI) Stock Message Board - InvestorsHub
Railroad Commission of Texas, RRC, TRC,a Texas regulatory agency, provides information about Texas Alternative Energy, LP Gas, Natural Gas, Crude Oil ...
investorshub.advfn.com/Texas-Oil-and-Minerals-TOMI-7820/
Tap Management Austin Texas Gears Up
Today, the company is a member of the The Austin Chamber of Commerce, Texas Oil and Gas Association, and the Dunn & Bradsheet. The company owns its ...
www.cantabriasolar.com/tap-management-austin-texas-gears-up/

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