Enterprise Products Partners L.P. (ticker: EPD) announced that the partnership plans to add 300 MMcf/d of incremental capacity to its cryogenic natural gas processing facility under construction near Orla, Texas in Reeves County.
The addition of a third processing train …
Penn Virginia (ticker: PVAC) kicked off a new year of oil & gas A&D transactions today, buying acreage in the Eagle Ford.
Penn Virginia will acquire assets in Gonzales and Lavaca counties from Hunt Oil Company for $86 million in …
IHS Markit released a new report today. IHS Markit said that the Permian Basin reached a new 2017 oil-production record of 815 million …
From Reuters/Longview News-Journal
Texas oil companies have hired about 30,000 workers in the past year, a sharp turnaround after laying off a third of the industry’s statewide workforce during the oil bust that began in late 2014.
The number of …
From MexicoNOW
For the first time ever, Texas authorities have issued a drilling permit to a Mexican company for gas and oil extraction in the state.
The Texas Railroad Commission, the agency that regulates the energy industry in the state, …
Hurricane Harvey, which is expected to make landfall around one o’clock in the morning on Saturday, August 26, may have an impact on the near-term energy outlook for the U.S.
As of now, Harvey is classified as a Category-2 storm …
QEP Resources (ticker: QEP) followed its southwestern Wyoming Pinedale anticline divestiture with an acquisition of more acreage in the Permian.
QEP said its subsidiary company, QEP …
Yuma Energy Inc. (ticker: YUMA) has producing assets in North Dakota, California, Louisiana, and Texas, with the majority of its acreage centered in South Louisiana and Texas. The company holds a total of 16,210 net acres across all of its …
U.S. Energy Corp. (ticker: USEG) has multiple working interests with companies in the Bakken and Three Forks formations and throughout Texas and Louisiana. The company produced 50,628 BOE during 2016, and has projected that it will produce approximately 49,885 BOE …
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, 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) …
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 …
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 …
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 …
A new report from the Fraser Institute, titled “One Energy Boom, Two Approaches: Fiscal Restraint Has Left Texas in Better Shape than Alberta,” concludes …
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 …
KLR Group released a research note Thursday covering well data provided by the Texas Railroad Commission for the third quarter …
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. …
Unit Corporation presents at EnerCom’s The Oil & Gas Conference®
During Unit Corporation’s breakout session, management was asked the following questions:
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 …
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 …
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 …
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 …
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 …
“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® …
Via Philadelphia Business Journal
Less than 1 percent of Pennsylvania’s tax revenue comes from taxes and fees generated directly from the extraction of oil and …
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 …
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 came in at the top of the list of “Best States for Business,” retaining its 2014 title. At the bottom in the eyes of …
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 …
