Latest Carboniferous Stories

By Jim Fuquay, Fort Worth Star-Telegram, Texas Aug. 6--Energy Transfer Partners said Tuesday that it has completed two pipelines that will boost the capacity to carry natural gas out of the Barnett Shale by about 1 billion cubic feet per day, relieving a bottleneck that has crimped some companies' production. Energy Transfer, already the largest pipeline company in the field, said it recently opened a 135-mile, 36-inch line from near Eagle Mountain Lake to Paris in East Texas. That line...

CDX Gas, LLC announced today that it has retained Credit Suisse Securities (USA) LLC and Jefferies Randall & Dewey, a division of Jefferies & Company, Inc., as its financial advisors to evaluate and advise the Board of Directors regarding strategic alternatives for the Company. Strategic alternatives include, but are not limited to, the sale or merger of the Company in its entirety or the sale of substantially all or a portion of the Company's assets. CDX Gas, with the assistance of its...

HOUSTON, Aug. 4, 2008 (PRIME NEWSWIRE) -- Aztec Oil & Gas, Inc. (OTCBB:AZGS) announced today that it has just received third-party preliminary reserve reports on the first two wells in its 2007A Partnership, which was formed under the Aztec 2007 Oil & Gas Drilling Program. Both wells were drilled in Tyler County, West Virginia and were spudded in March 2008, but due to extremely difficult weather and flooding, the wells were not completed and "turned" into gas sales pipeline until June 2008....

By Marice Richter, The Dallas Morning News Aug. 3--Beckie Belcher had never heard of the Barnett Shale until a letter arrived in her mailbox in February. Besides offering to lease her mineral rights, a natural gas company wanted to drill as close as 500 feet from her back door to tap the gas-rich field that spans under 19 counties. Since then, Ms. Belcher has led an all-out assault on drilling in urban areas. The group she founded, Flower Mound Citizens Against Urban Drilling, now has...

By Marice Richter, The Dallas Morning News Aug. 1--Beckie Belcher had never heard of the Barnett Shale until a letter arrived in her mailbox in February. Besides offering to lease her mineral rights, a natural gas company wanted to drill as close as 500 feet from her back door to tap the gas-rich field that runs under 19 counties. Since then, Ms. Belcher has led an assault against drilling in urban areas. The group she founded, Flower Mound Citizens Against Urban Drilling, now counts...

By Jim Fuquay, Fort Worth Star-Telegram, Texas Jul. 25--Range Resources of Fort Worth reported record revenue in the second quarter despite production curtailments in the Barnett Shale. But Range still had a $35 million net loss driven by a noncash loss on its hedging activities. Adjusting for unusual items, the independent petroleum producer said it earned $75 million, or 48 cents a share, well short of Wall Street's consensus estimate of 55 cents. The company said that it wrote off $5.3...

By Mike Lee, Fort Worth Star-Telegram, Texas Jul. 24--FORT WORTH -- A natural gas company has given at least one east-side resident until Monday to sign off on a pipeline beneath her front yard or face condemnation. The company, Chesapeake Energy's Texas Midstream Gas Services, sent the "final offer" letter to Jerry Horton, who has organized a few holdout homeowners against the pipeline. It wasn't clear whether other landowners got the same letter; Texas Midstream officials indicated,...

By GEORGE HOHMANN Chesapeake Energy Corp. this fall will launch www.Shale.TV, an online video channel to promote the benefits of natural gas production, according to several news reports. The move comes as Chesapeake faces growing opposition as it drills for natural gas in a field known as the Barnett Shale in some heavily populated areas around Fort Worth, Texas, according to The Wall Street Journal. Chesapeake also is drilling in a massive natural gas field known as the Marcellus...

By George Hohmann, Charleston Daily Mail, W.Va. Jul. 22--CHARLESTON, W.Va. -- Chesapeake Energy Corp. this fall will launch www.Shale.TV, an online video channel to promote the benefits of natural gas production, according to several news reports. The move comes as Chesapeake faces growing opposition as it drills for natural gas in a field known as the Barnett Shale in some heavily populated areas around Fort Worth, Texas, according to The Wall Street Journal. Chesapeake also is...

By Jim Fuquay, Fort Worth Star-Telegram, Texas Jul. 18--Chesapeake Energy on Thursday announced its third sale of natural gas assets this year when it said BP America agreed to pay $1.75 billion in cash for about 90,000 acres of production in Oklahoma's Woodford Shale. Oklahoma City-based Chesapeake, one of the biggest producers in the Barnett Shale, said it will use the proceeds to focus on the Barnett Shale, the Haynesville Shale in Louisiana and the Marcellus Shale in the Appalachians,...