Latest Barnett Shale Stories

DETROIT, Feb. 22 /PRNewswire-FirstCall/ -- DTE Energy (NYSE: DTE) today reported 2009 earnings of $532 million, or $3.24 per diluted share, compared with $546 million, or $3.34 per diluted share in 2008. Reported earnings in 2008 included $0.50 per diluted share related to the sale of a portion of the company's Barnett Shale natural gas property. 2009 operating earnings were $543 million, or $3.30 per diluted share, compared with 2008 operating earnings of $471 million, or $2.89 per diluted...

HOUSTON, Feb. 9 /PRNewswire-FirstCall/ -- EOG Resources, Inc. (NYSE: EOG) (EOG) today reported fourth quarter 2009 net income available to common stockholders of $400.4 million, or $1.58 per share. This compares to fourth quarter 2008 net income available to common stockholders of $461.5 million, or $1.84 per share. For the full year 2009, EOG reported net income available to common stockholders of $546.6 million, or $2.17 per share as compared to $2,436.5 million, or $9.72 per share, for...

DALLAS, Jan. 25 /PRNewswire/ -- Regal Energy, LLC ("Regal Energy") today announced the formation of Regal Energy Operating, LLC ("REO"). REO will be in charge of all operations for Regal Energy, including definition of territory and lease operations with its primary focus on the Barnett Shale in North Texas. In addition to REO being the operator for Regal Energy, REO's services are also available to other oil and gas companies. "Regal Energy Operating provides everything needed to drill...

HOUSTON, Jan. 11 /PRNewswire-FirstCall/ -- Gateway Energy Corporation (OTC Bulletin Board: GNRG) (the "Company") today announced that it has acquired the Hickory Creek Gathering System from Hickory Creek Gathering L.P. and Range Texas Production, LLC for a cash purchase price of $3.9 million, adjusted to reflect a transaction effective date of November 1, 2009. The Hickory Creek Gathering System is located in Denton County, Texas, in the core area of the Barnett Shale and currently services...

HOUSTON, Jan. 6 /PRNewswire-FirstCall/ -- Endeavour International Corporation (NYSE Amex: END) (LSE: ENDV) announced today the acquisition of significant positions in four US resource plays, including the highly prospective Haynesville and Marcellus gas shale plays in North Louisiana/East Texas and Western Pennsylvania, respectively, and new frontier plays in Alabama and Montana. Altogether, Endeavour has acquired interests in 526,000 gross acres (165,000 net acres) in these four areas for...

This merger represents a pooling of financial resources, production, appraisal, development and high-impact exploration. VANCOUVER, Dec. 16 /PRNewswire-FirstCall/ - Mr. Garth Johnson, Chief Executive Officer of TAG Oil Ltd. (TSX-V: TAO) announced today that the Company has completed its merger with Trans-Orient Petroleum Ltd., which holds exploration and production rights covering a large, highly prospective acreage position in New Zealand's East Coast Basin. Trans-Orient Petroleum Ltd....

WASHINGTON, Dec. 3 /PRNewswire-USNewswire/ -- America's Natural Gas Alliance (ANGA) President and CEO Regina Hopper issued the following statement today in support of the White House Forum on Jobs and Economic Growth: "America's Natural Gas Alliance commends President Obama for convening this timely forum, and we stand ready to work with the White House and Congress to create sustainable American jobs and renew our nation's economy. As we look for innovative solutions, clean, abundant...

MIDLAND, Texas, Nov. 18 /PRNewswire-FirstCall/ -- Mexco Energy Corporation (Amex: MXC) today announced additional development of oil and gas properties in which it holds an interest. Mexco announced development of its natural gas property in the Newark East (Barnett Shale) Field in Tarrant County, Texas. Mexco owns a 21.45% royalty interest in a 122 acre tract. Three additional wells have been drilled on subsequently pooled acreage and are currently producing natural gas into the sales...

AMARILLO, Texas, Nov. 18 /PRNewswire-FirstCall/ -- In February 2009, Exterra Energy, Inc. (OTC Bulletin Board: EENI) appointed a new management team and undertook a new strategy of aggressive growth through the acquisition and development of undervalued oil and gas producing assets. In a change of control transaction that closed on March 13, 2009, Exterra initiated this new strategy that to date has resulted in the expansion of its reserves and exploration and production assets to over...

HOUSTON, Nov. 9 /PRNewswire-FirstCall/ -- Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) today reported the Company's financial results for the third quarter and nine months ended September 30, 2009 which included the following highlights: (Logo: http://www.newscom.com/cgi-bin/prnh/20030523/CRZOLOGO ) Results for the Third Quarter 2009 -- Production of 8.2 Bcfe, or 89,220 Mcfe/dRevenue of $27.3 million or Adjusted Revenue of $46.0 million, including the impact of cash-settled hedgesNet Loss of...