FORT WORTH, Texas, March 29, 2013 (GLOBE NEWSWIRE) — Quicksilver Resources Inc. (KWK) announced today that it has executed an agreement to sell an undivided 25% interest in its Barnett Shale oil and gas assets for US$485 million to TG Barnett Resources LP, a wholly-owned U.S. subsidiary of Tokyo Gas Co., Ltd. Quicksilver will remain as operator of the assets.
Emerald Oil, Inc. (ticker: EOX) announces record oil production for the fourth quarter ended December 31, 2012. Emerald plans to file its annual report on Form 10-K with the U.S. Securities and Exchange Commission by Monday, March 18, or earlier. Fourth Quarter 2012 Highlights Emerald has successfully drilled 3 operated Bakken wells to date in McKenzie County, North Dakota, that
Successfully Completed Reworks on Additional Wells in Alaska Miller Energy Resources, Inc. (ticker : MILL) today announced results for the three and nine months ended January 31, 2013. Third Quarter Results Total revenues for the three months ended January 31, 2013 were $8.0 million compared to $8.4 million in the three months ended January 31, 2012. Total production for the three
It was only a few short months ago when our presidential candidates were bantering on the political stage about oil and natural gas production growth in the U.S. After all, from 2009 to 2012, U.S. crude oil production increased 29% to 6.2 MMBOPD and natural gas production increased 11% to 65.5 Bcf/d. But – was the growth because of, or
Hickenlooper for Colorado Despite what you might have heard, I much prefer drinking beer to frack fluid. For the uninitiated, “frack fluid” is the liquid product oil and gas developers use in deep underground drilling operations. It is mostly water, but includes other ingredients and chemicals that are designed to open up oil and gas deposits and be recovered in
Quarterly revenues of $153.6 million compared to $158.1 million in the prior year Reported net income of $19.8 million, or $0.86 per share for the quarter, including an after-tax charge of $0.03 per share for the wind-down of Applied Geomechanics Full year 2012 Ceramic Proppant Volumes set a record of over 1.54 billion pounds Full year 2012 diluted earnings per
November 15, 2012 – Release Date Resolution of all criminal claims with Department of Justice includes $4 billion paid in installments over a period of five years Resolution of all securities claims with Securities and Exchange Commission includes $525 million paid in installments over a period of three years Existing $38.1 billion charge against income to increase by approximately $3.85
Company Posts Record 30-Day IP Rates T. MARYS, W.Va., Nov. 8, 2012 /PRNewswire/ — Trans Energy, Inc. (ticker: TENG), a pure play Marcellus Shale exploration and production company, today announced production results on the Dewhurst #110H and Dewhurst #111H in Wetzel County, West Virginia. 30-Day Production Rates Set Company Record Initial 30-day production rates from the Dewhurst #110H and Dewhurst
Every Wednesday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the crude oil spectrum. The theme for this week: Crude Reactions to Obama’s Re-election. CRUDE OIL INVENTORY/’000 bbls (Week Ended 11/2/12) Current: 374,847 Actual Build/(Withdrawal): 1,766 Economist Average Estimate: 1,464 Previous: 373,081 Click here for the chart with five year averages. IN CASE YOU
WSJ REPOST: Coal has improbably risen to become one of the top issues of the presidential campaign, with dueling ads about coal in swing states and attacks by each candidate on the other’s position. The battle is escalating even though coal employment is just a shadow of what it was a few decades ago and its use in power generation
NATURAL GAS INVENTORY (Week Ended 10/5/12) Current: 3,725 Bcf Actual Injection/(Withdrawal): 72 Bcf Economist Average Estimate: 79 Bcf Previous: 3,653 Bcf Click here for the chart with five year averages. NATURAL GAS IN THE MEDIA *Houston firm drilling exploratory well in NY shale – Houston Chronicle A Houston company has begun drilling a vertical well to explore the potential of
Every Thursday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the natural gas spectrum. The theme for this week: Make No Debate: The U.S. Kicks Gas. NATURAL GAS INVENTORY (Week Ended 9/28/12) Current: 3,653 Bcf Actual Injection/(Withdrawal): 77 Bcf Economist Average Estimate: 72 Bcf Previous: 3,765 Bcf Click here for the chart with
