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Latest Barnett Shale Stories

2010-12-16 08:10:00

FRISCO, Texas, Dec. 16, 2010 /PRNewswire-FirstCall/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced that it plans to spend approximately $522.0 million in 2011 for development and exploration activities. The 2011 drilling program will focus on the continued development and delineation of its Haynesville shale and Bossier shale properties in North Louisiana and its Eagle Ford shale properties in South Texas. Comstock is currently utilizing six operated...

2010-11-02 16:05:00

HOUSTON, Nov. 2, 2010 /PRNewswire/ -- EOG Resources, Inc. (NYSE: EOG) (EOG) today reported a third quarter 2010 net loss of $70.9 million, or $0.28 per share. This compares to third quarter 2009 net income of $4.2 million, or $0.02 per share. The results for the third quarter 2010 included a $208.3 million, net of tax ($0.82 per share) impairment of certain Canadian shallow natural gas assets held for sale, $41.4 million gain, net of tax ($0.16 per share) on property dispositions and...

2010-11-02 05:00:00

HOUSTON, Nov. 2, 2010 /PRNewswire-FirstCall/ -- Gastar Exploration Ltd. (NYSE Amex: GST) announced today that Gastar Exploration USA, Inc., a wholly owned subsidiary of Gastar Exploration Ltd., has closed its joint venture agreement funding with Atinum Marcellus I LLC ("Atinum"), an affiliate of Atinum Partners Co., Ltd., a leading investment firm located in the Republic of Korea. Pursuant to the agreement, Gastar has assigned to Atinum an initial 21.43% interest in all of its existing...

2010-09-01 17:18:00

Reports to be completed by well and available to the public via company website DALLAS, Sept. 1 /PRNewswire-USNewswire/ -- Chief Oil & Gas LLC ("Chief") today announced a voluntary disclosure initiative of Marcellus Shale hydraulic fracturing additives. Starting on October 1, Chief will voluntarily submit to the Pennsylvania Department of Environmental Protection (PADEP) and West Virginia Department of Environmental Protection (WVDEP) detailed information about additives used in the...

2010-08-18 14:05:00

DALLAS, Aug. 18 /PRNewswire/ -- Chestnut Petroleum is pleased to announce the recent completion of the Crowley Teeter #1H, a horizontal well drilled in the sweet spot of the massive Newark, East gas field in the Barnett Shale. Completed in May 2010, the Tarrant County well started production at a rate of 5,866 MCF of natural gas per day after a massive 4-stage fracture stimulation procedure. In the first 60 days of production, the Crowley Teeter #1H has sold 254,552 MCF of natural gas down...

2010-08-05 15:52:00

HOUSTON, Aug. 5 /PRNewswire-FirstCall/ -- EOG Resources, Inc. (NYSE: EOG) (EOG) today reported second quarter 2010 net income of $59.9 million, or $0.24 per share. This compares to a second quarter 2009 net loss of $16.7 million, or $0.07 per share. The results for the second quarter 2010 included a $2.5 million ($1.4 million after tax, or $0.01 per share) revision in the estimated fair value of a contingent consideration liability associated with a previously disclosed acquisition...

2010-08-05 05:15:00

HOUSTON, Aug. 5 /PRNewswire/ -- Avista Capital Partners, a leading private equity firm, today announced the execution of an agreement by its wholly-owned entity, ACP II Marcellus LLC ("ACPM"), to sell approximately 52,200 net acres of its Marcellus Shale mineral rights in Pennsylvania to a subsidiary of Reliance Industries Limited ("Reliance") for $326.6 million in cash. Upon completion of the sale of its Pennsylvania acreage, Avista, through ACPM, will continue to hold a direct interest...

2010-07-06 06:00:00

HOUSTON, July 6 /PRNewswire-FirstCall/ -- PATTERSON-UTI ENERGY, INC. (Nasdaq: PTEN) today announced that it has entered into an agreement for a newly formed subsidiary to acquire pressure pumping and wireline assets from subsidiaries of Key Energy Services, Inc. (NYSE: KEG) for $237.7 million in an all cash transaction. The acquisition includes inventory, but excludes other working capital items. The transaction, which is scheduled to close in September, is subject to termination of the...

2010-06-17 09:48:00

HOUSTON, June 17 /PRNewswire/ -- Houston oilman George P. Mitchell has been awarded a Lifetime Achievement Award from the Gas Technology Institute. The founder of Mitchell Energy & Development Corp., Mitchell received the prestigious honor for pioneering hydraulic fracturing and drilling technologies that created a shale gas revolution. Mitchell was given the award at the "Global Unconventional Gas 2010: Unlocking Your Potential" conference as energy professionals from around the world...

2010-04-07 05:59:00

HOUSTON, April 7 /PRNewswire-FirstCall/ -- EOG Resources, Inc. (NYSE: EOG) (EOG) today announced crude oil discoveries in South Texas, North Dakota and Colorado. Potential reserves were increased on its Bakken/Three Forks and Fort Worth Barnett Shale Combo crude oil and liquids-rich acreage. In addition, natural gas reserve estimates were also raised for its Haynesville/Bossier and British Columbia Horn River Basin acreage. "These results reflect EOG's concerted effort over the last...


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.