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Latest Geology of Texas Stories

2008-08-04 15:00:49

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...

2008-08-02 06:00:22

By Jack Money, The Oklahoman Aug. 2--Chesapeake Energy Corp.'s unrealized hedging loss of $3.4 billion during its second quarter raised more than a few eyebrows this week. Simply put, the company encountered the loss -- really, just on paper -- because natural gas was selling for more than the price the company locked in with its delivery contracts during the time. Hedging, company officials admit, is a difficult concept to grasp, especially for people who work outside the energy...

2008-07-30 06:00:49

By Paul Davidson U.S. natural gas reserves are far more plentiful than previously estimated, says an industry study being released today -- a discovery that heralds a potential remedy to the energy crisis. The report says the U.S. has up to 50% more natural gas reserves than earlier projections because of higher-than-expected yields from 22 shale formations in 20 states. The industry says the findings should prod policymakers to provide incentives to wean the nation from $4 gasoline...

2008-07-27 03:00:30

By Jim Fuquay, Fort Worth Star-Telegram, Texas Jul. 27--Nearly seven miles into the unexplored territory of Dallas County, Trinity East Drilling of Fort Worth has sunk a well that is testing the easternmost boundary of the Barnett Shale. About 50 miles to the south, Range Resources has explored similar terrain, with two wells in far western Ellis County and a third planned. And in between, skirting just west of a geological fault line, the Ouachita Thrust, are several more. Each follows...

2008-07-25 03:00:43

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...

2008-07-24 18:00:54

By Jim Fuquay, Fort Worth Star-Telegram, Texas Jul. 24--Range Resources of Fort Worth reported record revenues in the second quarter, but showed a $35 million net loss driven by a non-cash 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 the shortfall was the result of the write-off of its investment in expiring...

2008-07-24 09:01:05

Capital City Energy Group, a diversified oil and natural gas company, has acquired an interest in the Fayetteville Shale, a non-conventional reservoir, located in Van Buren and Cleburne Counties in Arkansas. The company has said that it is participating in drilling activity on more than 30,000 acres in these counties. To date, Capital City has participated in drilling 29 producing wells on the properties. Drilling activity is increasing at the rate of eight to 10 new producing wells per...

2008-07-24 03:00:54

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,...

2008-07-23 12:01:10

XTO Energy has entered into definitive agreements with multiple parties to purchase producing properties located in the eastern and San Juan regions of its acreage positions in the Marcellus, Fayetteville, Barnett, and Haynesville shales, for a total consideration of about $1.3 billion, of which $1 billion was closed during the second quarter. From the producing properties, XTO Energy's internal engineers estimate proved reserves of 185 billion cubic feet of natural gas equivalent (Bcfe) of...

2008-07-23 03:00:54

By Jim Fuquay, Fort Worth Star-Telegram, Texas Jul. 23--XTO Energy continued its aggressive expansion Tuesday, announcing an additional $2.1 billion in acquisitions as it reported higher second-quarter earnings and boosted its outlook for 2009. The Fort Worth-based company "is bearing down on being the largest gas producer ever in the United States," Chairman Bob Simpson said during a conference call with financial analysts. Simpson said the company's daily production averaged 2.2...


Latest Geology of Texas Reference Libraries

Edwards Plateau
2013-04-19 19:37:49

The Edwards Plateau is an area of west-central Texas which is bordered by the Balcones Fault towards the south and the east, the Llano Uplift and the Llano Estacado towards the north, and the Chihuahuan Desert and Pecos River towards the west. San Angelo, San Antonia, Del Rio, and Austin make a rough outline of the area. The eastern part of the plateau is the Texas Hill Country. The trees of this savanna include a juniper-oak mix and a mesquite-acacia mix scattered over the fairly short...

Tenontosaurus
2013-01-29 09:53:30

Image Caption: Head of Tenontosaurus, Institut de paléontologie humaine, Paris, France. Credit: Rémih/Wikipedia (CC BY-SA 3.0) Tenontosaurus, meaning “sinew lizard”, is a genus of medium to large sized ornithopod dinosaur. The genus is known from the late Aptian to Albian ages of the middle Cretaceious period sediments of western North America, dating roughly between 115 to 108 million years ago. It was formerly thought to be a ‘hypsilophodont’, but since Hypsilophodontia is no...

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