Texas – Page 22 – Oil & Gas 360

How Alberta Mismanaged the Energy Boom Compared to Texas

November 17, 2016

Fraser Institute Study Compares How Texas and Alberta Managed Public Finances between 2004 and 2014 A new report from the Fraser Institute, titled “One Energy Boom, Two Approaches: Fiscal Restraint Has Left Texas in Better Shape than Alberta,” concludes that Alberta’s undisciplined spending and fiscal mismanagement rather than the drop in energy prices was been responsible for its history of deficits

Texas Aug. 2016 Oil & Gas Production Down almost 20% from Aug. 2015

October 27, 2016

Total oil and natural gas production per day has rolled over and started to decline in Texas, according to data recently released by the Texas Railroad Commission. Total oil production for August 2016 was 84.8 MMbls, a six percent decrease from July production at 90 MMbls and an 18% decrease from August 2015 levels of 103.9 MMbls. Gas followed a

Texas’ Top Performers by Basin

October 20, 2016

Most wells testing in the top 20: EOG leads the Eagle Ford, Pioneer leads the Midland, Cimarex leads the Delaware KLR Group released a research note Thursday covering well data provided by the Texas Railroad Commission for the third quarter of the year, noting that activity is down overall, but that test rates are increasing per well. July 2016 production

Texas Plays the Swing Producer Role

October 5, 2016

From the Midland Reporter Telegraph OPEC last week committed to reducing its oil production quota during an informal meeting in Algiers in hopes of reducing the global oil supply and raising prices, which has pressed several nations into dire straits. While the deal won’t be finalized until the cartel’s formal meeting Nov. 30 in Vienna, markets quickly responded and sent

Unit Corporation 2015 Annual Report Cover

Unit Corporation – Day Three Breakout Notes

August 17, 2016

Unit Corporation presents at EnerCom’s The Oil & Gas Conference® During Unit Corporation’s breakout session, management was asked the following questions: Are completions going to follow the rig? How strategic is it to keep 3 segments under the same company? Will there be a division or sale? What pay zone are you kicking out into in the Granite Wash? What

Newfield Exits Texas, High-Grades to the STACK

August 9, 2016

On August 3, 2016, Newfield Exploration (ticker: NFX) announced the signing of two separate purchase and sale agreements to divest all of its assets in the Maverick Basin of Texas for $390 million. The transaction is expected to close in the third quarter of 2016 and covers 35,000 acres of unconventional and conventional assets in Dimmit and Atascosa counties. EnCap-backed

EnerCom Conference Presenter Focus: Denbury Resources

August 4, 2016

Denbury Resources will be presenting at EnerCom’s The Oil & Gas Conference® in Denver, on Tuesday, August 16, 2016. Denbury Resources is an upstream oil and gas operator primarily focused on carbon dioxide enhanced oil recovery methods. The company’s portfolio of assets is split between the Rocky Mountain region and the Gulf Coast region. Denbury operates mature fields by utilizing

EnerCom Conference Presenter Focus: Contango Oil & Gas Company

July 20, 2016

MCF will present at EnerCom’s The Oil & Gas Conference® on Mon. Aug. 15, 2016 Contango Oil & Gas Company (ticker: MCF) is an exploration and production company headquartered in Houston, TX, with operations in the Gulf of Mexico, onshore Texas Gulf Coast, East and Southeast Texas, and the Rocky Mountains. In 2015, the company reported estimated proved reserves of

The Six States Being Hammered Hardest by Lower Oil Prices

January 12, 2016

Lower severance taxes are severely squeezing budgets in oil producing states, some to “revenue failure” Severance taxes on oil and gas extraction make up a significant portion of the budgets of a number of states in the U.S., but the rapid decline of prices since November of 2014, has put several of those states in a bind as they prepare

Presidential Candidates on Energy: Cruz

September 23, 2015

Cruz says he wants to “unleash American jobs and opportunity by harnessing our nation’s energy resources” Texas Senator Ted Cruz posted a detailed list of his energy policy stances on his U.S. Senate website in Feb. 2014. They are as follows: Prevent the Federal Government from Undermining the American Energy Renaissance and the Jobs It Creates (1-5) 1) Prevent Federal Regulation of

Two Oil Service Companies are About to Add Facilities, Equipment and Personnel

September 2, 2015

Shortage of Frac Crews, Equipment Drives Favorable Pricing in Argentina “Eighty percent of the shale in the world has been identified as being outside of North America,” EcoStim Energy Solutions (ticker: ESES) CEO Chris Boswell told Oil & Gas 360® in an exclusive interview at EnerCom’s 20th The Oil & Gas Conference® in Denver, “but eighty percent of the equipment

Pennsylvania Receives Less from Oil and Gas Tax Revenue than Texas, Alaska

August 24, 2015

Via Philadelphia Business Journal Pennsylvania gets smaller share of tax revenue from oil and gas extraction than Texas, Alaska Less than 1 percent of Pennsylvania’s tax revenue comes from taxes and fees generated directly from the extraction of oil and natural gas, according to a new report. The Keystone State is the second-biggest natural gas producer in the U.S. but

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