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Last updated on April 18, 2014 at 13:47 EDT

Latest Barnett Shale Stories

2012-06-19 06:22:26

DALLAS, June 19, 2012 /PRNewswire/ -- Moyes & Co. has been retained as exclusive financial advisor by a private London-based independent to sell an 87% working interest (possibility to acquire 100%) in approximately 2,006 net acres (2,531 gross acres) of leasehold with the potential to acquire an additional 952 net acres (1,304 gross acres) in eastern Clay County, Texas. Eastern Clay County is located in the western area of the Barnett Combo Play. (Photo:...

2012-05-21 02:21:53

SCOTTSDALE, Ariz., May 21, 2012 /PRNewswire/ -- EGPI Firecreek, Inc. (OTCBB: EFIR) announced that their 2nd Quarter sees the completion and sale of 50% of North 40 interests in their J.B. TUBB Lease, Inc., the development on South 40, the proposed development on the 240 Acre Boyette Lease and the majority interest sale of Arctic Solar Engineering. A more detailed chronology of events anticipated for completion in the 2nd quarter are as follows: Status of Sale of 50% of North 40 Oil and Gas...

2012-04-03 02:22:45

SCOTTSDALE, Ariz., April 3, 2012 /PRNewswire/ -- EGPI Firecreek, Inc. (OTCBB: EFIR) announced today a Letter of Intent to prepare and conduct drilling programs aimed at the Barnett Formation in West Central Texas with U.K.-based Cubo Energy, PLC ("CUBO"). Initial plans are to prepare and conduct a 3-D Seismic study for 240 acres covering the Boyette property in Shackelford County, Texas. The seismic study will focus on specific Barnett Shale formation characteristics that will...

2012-02-16 16:25:00

HOUSTON, Feb. 16, 2012 /PRNewswire/ -- Achieves 9.4 Percent Year-Over-Year Total Company Production Growth Reports 52 Percent North American Annual Crude Oil, Condensate and Natural Gas Liquids Growth with 48 Percent Increase in Total Company Liquids Volumes Year-Over-Year Delivers Strong Year-Over-Year Growth in EPS, EBITDAX and Discretionary Cash Flow Increases Eagle Ford Potential Recoverable Reserve Estimate by 78 Percent - from 900 MMboe to 1,600 MMboe, Net After Royalty Realizes...

2012-01-12 09:14:00

HOUSTON, Jan. 12, 2012 /PRNewswire/ -- Select Energy Services (SES), a leading provider of engineered water solutions to the oil and gas industry, today announced its acquisition of Elite Wellsite Services LLC (Elite), an oilfield services company based in Bridgeport, Texas servicing primarily the Barnett Shale. "This acquisition further solidifies SES's established position in the Barnett Shale," said SES CEO John Schmitz. "Through this transaction, we are now able to offer...

2011-12-15 08:30:00

HOUSTON, Dec. 15, 2011 /PRNewswire/ -- A majority of Americans think developing natural gas by tapping shale formations offers greater rewards than it does risks, including those associated with hydraulic fracturing, according to a survey conducted by the Deloitte Center for Energy Solutions. Moreover, 8 in 10 respondents link natural gas with job creation and economic revival. Specifically, 83 percent of respondents agree that natural gas development can stimulate job growth in...

2011-12-14 07:00:00

COLUMBUS, Ohio, Dec. 14, 2011 /PRNewswire/ -- Shale gas is poised to become big business in Ohio and in this case, location means everything. Proximity to the population centers of the United States and Canada, along with the expected longevity of the resource, establishes the Marcellus and Utica Shale formations as an important long-term and stable source of natural gas supply for the eastern United States. Energy companies that want to maximize their investment in establishing a...

2011-12-07 16:04:00

WASHINGTON, Dec. 7, 2011 /PRNewswire-USNewswire/ -- Following is a statement by Regina Hopper, president and CEO of America's Natural Gas Alliance, on the release of the IHS Global Insight study, "The Economic and Employment Contributions of Shale Gas in the United States." "The IHS Global Insight study confirms that shale gas, in addition to being an abundant, domestic resource, is also an economic and employment engine in the United States. Shale gas will account for 60 percent of U.S....

2011-12-01 16:12:00

TULSA, Okla., Dec. 1, 2011 /PRNewswire/ -- Williams Partners (NYSE:WPZ) today announced it and Delphi Midstream Partners, LLC have signed a memorandum of intent and agreement of exclusive negotiations regarding the Laser Gathering System and other Delphi midstream businesses. The memorandum and agreement covers a potential transaction in which Williams Partners would acquire Delphi subsidiaries that own the Laser and other Delphi midstream businesses, located primarily in the Marcellus Shale....

2011-11-01 16:07:00

HOUSTON, Nov. 1, 2011 /PRNewswire/ -- EOG Resources, Inc. (NYSE: EOG) (EOG) today reported third quarter 2011 net income of $540.9 million, or $2.01 per diluted share. This compares to a third quarter 2010 net loss of $70.9 million, or $0.28 per diluted share. Consistent with some analysts' practice of matching cash flow realizations to settlement months, and making certain other adjustments in order to exclude non-recurring items, adjusted non-GAAP net income for the third quarter...