I recently came upon a new Haynesville shale website that has info on Louisiana regulatory hearings, public education programs scheduled in Shreveport and elsewhere, and background information and maps from geologists. The most interesting part of the site? The many discussion groups that have been formed, that are arranged by parish. (There is also one for East Texas, where the Haynesville is known as the Lower Bossier. In recent weeks, Penn Virginia Corp. brought in a well that tested 8 million a day from the Lower Bossier/Haynesville shale.) Of note: A person on the site asked, "If people are able to get a 25% royalty from these oil companies, why don't these landowners negotiate for 100%?" There's a whole lotta learnin' to do! Go to http//haynesvilleshale.ning.com. It's a window into the Haynesville gold rush. --Leslie Haines, Editor in chief, Oil and Gas Investor, email@example.com
Oil major Exxon Mobil said Jan. 31 it would create three new separate E&P companies, effective April 1, in an effort to double its profit by 2025.
Stallion Oilfield Services completed the acquisition of Basin Wastewater Solutions, a Carlsbad, N.M.-based provider of rig site potable water and wastewater recycling services for the Permian market.
Energy XXI said it will terminate its previously announced partnership with Orinoco Natural Resources as a result of the Cox Oil transaction.