Capital raised for Bellatorum Resources’ latest fund will be used to purchase oil and gas royalties in Texas, including in the Permian Basin, Eagle Ford Shale, Haynesville Shale, and Barnett Shale plays.
Pipeline operator Williams Companies Inc. said on Nov. 23 it will take ownership of some of Chesapeake Energy Corp’s assets in exchange for accepting lower gas gathering fees from the bankrupt shale producer.
EOG’s newly unveiled Dorado natural gas play has an estimated net resource potential of 21 Tcf in 700 ft of stacked pay in the Austin Chalk and Eagle Ford Shale formations.
The Houston-headquartered company said Nov. 5 that the Dorado play has an estimated net resource potential of 21 Tcf in 700 ft of stacked pay.
Marathon Oil reported a loss of $317 million, or 40 cents per share, for the quarter ended Sept. 30, compared to a profit of $165 million, or 21 cents per share, a year earlier.
Railroad Commission candidate Chrysta Castañeda loses her bid to become the first Democrat to win a Texas statewide office in decades in a clear loss to Republican James “Jim” Wright.
Clear Fork Royalty Fund LP retained EnergyNet for the sale of an overriding royalty interest package in the Eagle Ford Shale in Burleson County, Texas, through an auction closing Oct. 29.
The oil and gas rig count, an early indicator of future output, rose for the fifth week in a row, increasing 13 to 282 in the week to Oct. 16, energy services firm Baker Hughes Co. said in its closely followed report on Oct.16.