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Last updated on April 19, 2014 at 1:20 EDT

Latest Barnett Shale Stories

2009-08-06 16:02:00

HOUSTON, Aug. 6 /PRNewswire-FirstCall/ -- EOG Resources, Inc. (NYSE: EOG) (EOG) today reported its second quarter 2009 operating and financial results. For the second quarter, EOG reported a net loss available to common stockholders of $16.7 million, or $0.07 per share. This compares to second quarter 2008 net income available to common stockholders of $178.2 million, or $0.71 per share. The results for the second quarter 2009 included a previously disclosed $33.6 million ($21.6...

2009-08-04 15:01:00

HOUSTON, Aug. 4 /PRNewswire-FirstCall/ -- Petrohawk Energy Corporation ("Petrohawk" or the "Company") (NYSE: HK) today announced its second quarter 2009 financial and operating results, including record production, drilling cost reductions in the Haynesville Shale and Eagle Ford Shale plays, and increased production guidance for 2009. The Company also issued guidance for 2010 capital expenditures and production. Petrohawk achieved continued improvements in drilling results and notable...

2009-07-27 11:20:00

HARRISBURG, Pa., July 27 /PRNewswire/ -- Marcellus Shale development will pump $14.17 billion into the state's economy in 2010 and create more than 98,000 jobs, while generating $800 million in state and local tax revenues, according to an economic study completed by the Pennsylvania State University for the Marcellus Shale Committee and the Pennsylvania House Natural Gas Caucus. The study notes a consistent increase in annual drilling and projects a $25 billion contribution to the...

2009-07-08 22:08:00

TSX-V: PTR VANCOUVER, July 8 /PRNewswire-FirstCall/ - Petromin Resources Ltd. is pleased to announce that Terrawest Energy Corp. (TWE) has indicated that according to data from the field uncovered by Norwest Corporation at the completion of the geological survey and dated June 21, 2009 -, the thickness of the prospective Jurassic Badaowan ("J1B") formation on TWE Liuhuanggou Project lands is far greater than initially indicated by drilling. The Liuhuanggou Project is located in the southern...

2009-06-24 09:08:00

AUSTIN, Texas, June 24 /PRNewswire/ -- What do some of the Barnett Shale's key players know about a portion of the play long considered outlier and non-economic that others don't? These areas have seen a significant increase in activity on the heels of recent production successes of EOG and DTE in Palo Pinto, Montague, Jack, and adjacent counties. "What many people miss in these types of plays is that operations matter, and they matter in a big way; a good operator can produce up to 5 times...

2009-06-11 10:59:00

AUSTIN, Texas, June 11 /PRNewswire/ -- Although drilling and new well permits are down 40% since the first of the year within the Fort Worth Basin Barnett Shale play, a portion of the play long considered outlier and non-economic has seen a significant increase in activity due to the production successes of EOG and DTE in their acreage in Palo Pinto, Montague, Jack, and adjacent counties. "This is an interesting development in the Fort Worth Basin Barnett Shale play," stated Ramona Hovey,...

2009-05-26 13:00:00

HOUSTON, May 26 /PRNewswire/ -- Oil and Gas Investor announces the 2008 winners of the magazine's annual Excellence Awards program, which began in 2003. Nominations were received from readers. More information about the winning companies is available at www.oilandgasinvestor.com. Petrohawk Energy Corp. CEO Floyd Wilson and other winners will be recognized at Energy Capital Week Conference in Houston June 2-3. (See full agenda at www.energycapitalweek.com.) 2008 Excellence Awards Winners...

2009-05-20 08:00:00

JINGZHOU, China, May 20 /PRNewswire/ -- Harding Shelton Group (HSG), a team of U.S. experts in shale gas development based in Dallas, TX and Oklahoma City, OK, co-hosted with Yangtze University an unprecedented sharing of technology in a two-day symposium organized by PetroChina and the Chinese Petroleum Society. Culminating the conference was the signing of documents that set up the structure through which PetroChina, HSG and the university will evaluate the shale gas potential in China....

2009-04-29 15:34:00

HARRISBURG, Pa., April 29 /PRNewswire/ -- Pennsylvania's three leading oil and natural gas organizations (the Independent Oil and Gas Association of Pennsylvania, the Pennsylvania Oil and Gas Association and the Marcellus Shale Committee) released the following statement in response to a report issued by the Pennsylvania Budget and Policy Center in support of a severance tax on natural gas production in the Commonwealth: "This report misrepresents or ignores a number of important issues...

2009-04-16 15:31:00

PITTSBURGH, April 16 /PRNewswire/ -- Commenting on remarks by State Senate President Pro Tem Joe Scarnati regarding the support of Marcellus Shale natural gas development, the Marcellus Shale Committee, the Independent Oil and Gas Association of Pennsylvania (IOGA), and the Pennsylvania Oil and Gas Association (POGAM) issued the following statement today: "We applaud Senator Scarnati and the other elected leaders from both political parties who understand the once-in-a-lifetime opportunity...