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Latest Conasauga shale Stories

2014-08-12 12:23:02

LONDON, August 12, 2014 /PRNewswire/ -- The Permian basin is quick becoming the most watched shale basin in the country, with company after company snapping up acreage and drilling aggressively. Companies like Occidental Petroleum, Pioneer Natural Resources, Apache Corporation, and Energen Corporation, all have significant acreage in prolific parts of the Permian basin. Oil rigs are shifting away from other plays and into the Permian basin, setting up West Texas for a...

2014-05-23 08:22:07

NEW YORK, May 23, 2014 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today that its oil and gas exploration and production subsidiary, HighMount Exploration & Production, LLC, is pursuing strategic alternatives, including a potential sale of the business. At March 31, 2014, HighMount's total assets, primarily comprised of natural gas and oil reserves, had a carrying value of approximately $1.1 billion (excluding deferred tax assets). HighMount had long-term debt and other...

2008-11-10 18:00:19

Gastar Exploration Ltd. (AMEX:GST) and (TSX:YGA) today reported financial and operational results for the three and nine months ended September 30, 2008. Financial Results Net income for the third quarter of 2008 was $3.0 million, or $0.01 per basic and diluted share, compared to a net loss of $5.5 million, or $0.03 per basic and diluted share, for the third quarter of 2007. The third quarter of 2008 included a $3.4 million, or $0.01 per share, unrealized natural gas hedging gain....

2008-11-07 15:00:18

TRAVERSE CITY, Mich., Nov. 7 /PRNewswire-FirstCall/ -- Aurora Oil & Gas Corporation today reported a net loss for the quarter ended September 30, 2008, of $16.7 million or ($0.16) per basic and diluted common share. The loss includes a write-off of goodwill in the amount of $16.0 million. Excluding this one-time charge, the net loss for the quarter totaled $0.7 million or ($0.01) per basic and diluted common share, as compared to a net loss of $3.3 million or ($0.03) per basic and...

2008-11-06 18:00:18

APALACHICOLA, Fla., Nov. 6 /PRNewswire-FirstCall/ -- Phillip Ware, President and Chief Executive Officer of Coastal Caribbean Oils & Minerals, Ltd. (BULLETIN BOARD: COCBF.OB) ("Coastal Caribbean" or the "Company"), announced today that the Company's wholly owned subsidiary, Coastal Petroleum Company ("Coastal"), and Western Standard Energy Corp. ("Western Standard") have finished completion efforts on the shallow gas prospect well drilled last year on Coastal's Valley County, Montana...

2008-11-05 09:00:28

Eden Energy is pleased to provide a corporate update on the Company's drilling program at the White River Dome field in Colorado. The Company drilled 4 wells in the White River Dome field in 2008. As of November 3, 2008 two of the 4 wells are tied-in to sales and are flowing through restricted chokes. The remaining two wells are expected to be tied-in by mid to late November. As of November 3, 2008 the Company was producing approximately 2400 mcfd gross from its White River Dome wells....

2008-10-22 09:00:36

Petrohawk Energy has announced a natural gas field discovery in the Eagle Ford Shale in south Texas. The new field in La Salle County, Texas, was discovered after extensive regional subsurface and seismic mapping, geochemical analysis and petrophysical studies. The discovery well, the STS 241-1H, was drilled to an approximate true vertical depth of 11,300ft, during which extensive coring and open hole logging was performed. A 3,200ft lateral was drilled and subsequently fracture stimulated...

2008-10-06 12:00:36

Chesapeake Energy has announced its wholly owned subsidiary, Chesapeake Energy Marketing, has entered into a 10-year agreement for transportation of 375 million cubic feet per day of natural gas and an option to transport an additional 125 million cubic feet per day on the Fayetteville Express Pipeline. The Fayetteville Express Pipeline is a new 42-inch, 187-mile pipeline system to be constructed by Kinder Morgan Energy Partners and Energy Transfer Partners. The pipeline system that will...

2008-09-30 12:00:42

RICHMOND, Va., Sept. 30 /PRNewswire-FirstCall/ -- Dominion announced today that it closed its agreement to assign drilling rights to 114,259 acres in the Marcellus Shale prospect to Antero Resources for about $347 million ($205 million after tax), or about $3,037 per acre. Dominion will receive a 7.5 percent royalty interest on future natural gas production from the assigned acreage. After-tax proceeds will be used initially to reduce outstanding short-term debt. Longer term, the proceeds...


Word of the Day
cacodemon
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'
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