Post Tagged with: "Texas"

Panhandle Oil and Gas Inc.: Big Leases in the Permian; Diversification Across Southern U.S. Plays

Panhandle Oil and Gas Inc.: Big Leases in the Permian; Diversification Across Southern U.S. Plays

Founded in Oklahoma City in 1926, Panhandle Oil and Gas (ticker: PHX) boasts a foundation of 255,000 net acres of perpetually owned mineral rights spread primarily over Arkansas, Oklahoma, and Texas.

Panhandle is in the position of holding large tracts …

Yuma Energy Sells Non-Core Assets, Lenders Reaffirm Borrowing Base

Yuma Energy Sells Non-Core Assets, Lenders Reaffirm Borrowing Base

Yuma Energy, Inc. (ticker: YUMA) said it has sold its wholly owned subsidiary’s El Halcón property for $5.5 million.

The assets are located in Brazos County, Texas, and Yuma held an average working interest of approximately 10% (1,557 net acres) …

Photo: Oil & Gas 360 - Permian - Delaware Basin Action Virtually Nonstop Since Oct. 1

Permian – Delaware Basin Action Virtually Nonstop Since Oct. 1

No slowdown for the Permian

Everybody is getting into the action in the Permian basin and in the Delaware portion of the basin in particular.

Even Norway’s TGS-NOPEC Geophysical Company (ticker: TGS) has landed in the Permian. TGS announced today …

Texas oil production - Oil & Gas 360

Texas Economy Finally Heading Up-ish: Comerica Bank

Permian rig count growth a boon to Texas’s overall economy

Dallas-based Comerica Bank (ticker: CMA), released its Texas Economic Activity Index last week, saying its measure of the Texas economy advanced for a second consecutive month, gaining 0.4 percentage points …

What’s Worth More to the State of Texas—Land or Oil?

What’s Worth More to the State of Texas—Land or Oil?

Land tax revenues increasing amid the oil downturn

Texas is one of the country’s preeminent wealth generators for both agriculture and oil and gas.

In fiscal 2016, the two industries contributed a combined $3.4 billion in tax revenues to the …

December 8, 2016 - 4:54 pm Closing Bell Story‎, Oil and Gas 360 Articles
Source: Energybc.ca

How Alberta Mismanaged the Energy Boom Compared to Texas

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 …

November 17, 2016 - 6:56 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Texas oil production - Oil & Gas 360

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

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 …

Texas oil production - Oil & Gas 360

Texas’ Top Performers by Basin

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 …

Texas Plays the Swing Producer Role

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. …

October 5, 2016 - 4:56 pm Closing Bell Story‎, Energy News
Unit Corporation – Day Three Breakout Notes

Unit Corporation – Day Three Breakout Notes

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?
Newfield Exits Texas, High-Grades to the STACK

Newfield Exits Texas, High-Grades to the STACK

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 …

EnerCom Conference Presenter Focus: Denbury Resources

EnerCom Conference Presenter Focus: Denbury Resources

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 …

EnerCom Conference Presenter Focus:  Contango Oil & Gas Company

EnerCom Conference Presenter Focus: Contango Oil & Gas Company

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 …

The Six States Being Hammered Hardest by Lower Oil Prices

The Six States Being Hammered Hardest by Lower Oil Prices

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 …

Presidential Candidates on Energy: Cruz

Presidential Candidates on Energy: Cruz

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 …

September 23, 2015 - 12:11 pm Oil and Gas 360 Articles, Politics & Opinions
Two Oil Service Companies are About to Add Facilities, Equipment and Personnel

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

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® …

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

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

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 …

August 24, 2015 - 1:41 pm Energy News
Data: American Petroleum Institute Graph: OAG360

Texas Produces More Natural Gas than any OPEC Country

Texas crude oil production beats all but OPEC’s three largest producers

Information from the American Petroleum Institute (API) shows that Texas produces more dry natural gas than any OPEC nation. On a global scale, the only country that beat dry …

June 5, 2015 - 5:31 pm Chart of Week, Oil and Gas 360 Articles
Texas oil production - Oil & Gas 360

New Texas Law Pre-empts Local Frac Bans

HB 40 hopes to clarify limits of local control on oil and gas operations, preventing frac bans

Texas Governor Greg Abbott signed legislation today designed to pre-empt local regulations on drilling activities in the state. The bill, House Bill 40

Texas oil production - Oil & Gas 360

Which is the Best State for Business?

Chief Executive Magazine Canvased CEOs across the U.S. to Create its 11th Annual Ranking

Texas came in at the top of the list of “Best States for Business,” retaining its 2014 title. At the bottom in the eyes of …

Texas: Battle Over Local Control

Texas: Battle Over Local Control

The fight over home rule moves to Texas House

Municipal control over activities involved in hydraulic fracturing has become a hot topic nationwide, with the small town of Denton, Texas, being one of the focal points of the conversation about …

Texas Senate Committee Moves Forward with “Denton Fracing Rule”

Texas Senate Committee Moves Forward with “Denton Fracing Rule”

New Bill would limit local control over oil and gas activities across Texas

A Texas state Senate subcommittee voted unanimously to pass legislation being dubbed the “Denton fracing bill.” The proposal would limit local control over oil and gas activities …

March 25, 2015 - 6:25 pm Fracing, Oil and Gas 360 Articles, Regulatory
Texas LNG Begins Pre-filing with FERC, Upgrades to Larger Location

Texas LNG Begins Pre-filing with FERC, Upgrades to Larger Location

Texas LNG announced today that it began the pre-filing process with the FERC

Houston Texas based Texas LNG Brownsville announced today that it has begun the pre-filing process with the Federal Energy Regulatory Commission (FERC), putting it one step closer …

March 12, 2015 - 5:44 pm LNG, Oil and Gas 360 Articles
Denton Fracturing Ban Enacted, but the Battle is Far from Over

Denton Fracturing Ban Enacted, but the Battle is Far from Over

The hydraulic fracturing ban approved by the city of Denton on November 4 comes into effect today, but is already being contested by the industry in Denton’s courts. The Texas Oil and Gas Association (TXOGA) filed a lawsuit calling the …

December 2, 2014 - 2:09 pm Fracing, Oil and Gas 360 Articles
Denton City Council Rejects Frac Ban Proposal

Denton City Council Rejects Frac Ban Proposal

The Denton, Texas City Council voted 5-2 Tuesday night against enacting a permanent ban on the continued permitting of hydraulic fracturing within its city limits. City leaders had introduced a temporary ban on new permits in May after fracing-ban proponents …

July 16, 2014 - 5:17 pm Fracing, Oil and Gas 360 Articles
Aurora Oil & Gas Limited: 40-Acre Eagle Ford Operated Program Underway

Aurora Oil & Gas Limited: 40-Acre Eagle Ford Operated Program Underway

Aurora Oil & Gas Limited (ASX: AUT, TSX: AEF) is a Perth- and Houston-based oil and liquids company with operations solely in the Eagle Ford Shale trend of South Texas. Aurora has 79,700 gross (21,800 net) acres in the “tri-county” …

June 3, 2013 - 12:53 pm Oil and Gas 360 Articles
Unit Corp. Ups E&P Stake with Purchase of Western Oklahoma and Texas Panhandle Properties

Unit Corp. Ups E&P Stake with Purchase of Western Oklahoma and Texas Panhandle Properties

Unit Corp. (ticker: UNT) announced signing a Purchase and Sale Agreement to purchase 84,000 net acres and production located in the Anadarko Basin from Noble Energy, Inc. (ticker: NBL) for $617.1 million. Unit will use availability under its …

July 18, 2012 - 10:18 pm Analytics, Midstream, Oil and Gas 360 Articles