Natural gas development has sent millions of dollars to North Texas cities that sit on top of the rich Barnett Shale gas play, but those cities aren’t putting the cart before the horse. For full story, click here
Chesapeake Energy Corp. will scale back natural gas output 13 percent on wells in North Texas and elsewhere as the Oklahoma energy company grapples with low commodity prices. Chief executive Aubrey McClendon stated: As a result of recession-related reduced demand and abundant U.S. production, natural gas prices have remained soft in recent months. For full [...]
Victory Energy Corporation today announced updates on drilling and production progress at its Canyon Sandstone natural gas field in the Texas Permian Basin. Jon Fullenkamp, President and CEO of Victory Energy Corporation, stated: In the last 14 months, Victory has successfully acquired and drilled eleven producing wells. For full story, click here
The gas industry in Texas continues to expand at a brisk pace. The Texas Petro Index, which is a compilation of economic indicators in the oil and gas industry, was 279.6, setting another record. For full story, click here
By Duncan Sutherland – Exclusive to Gas Investing News Post-Ike news In the wake of Hurricane Ike, a steady flow of updates on production, refining and transportation infrastructure has been forthcoming. Overall, it seems the storm was relatively gentle to energy companies, reserving its wrath for the population centres of the Texas Gulf Coast. Natural [...]
Pantera Petroleum reported that it has started Commercial Natural Gas Sales From Its Sibley 84 #1 Well in West Texas. Pantera Petroleum’s CEO, Chris Metcalf said: We are very pleased to have successfully brought the Sibley 84 #1 into production at the natural flow rates we are seeing without the added step of acidization. For more [...]
By Duncan Sutherland – Exclusive to Gas Investing News Natural gas has been hit hard lately, losing approximately 40 per cent of its price in the last one month itself; a number eclipsing even the oil price collapse. A report in the business section of the Globe and Mail has a an in-depth article detailing [...]
Atmos Energy and M.J. Sheridan have been fined $80K by a state regulator after finding violations related to a fatal gas-related explosion in a Dallas suburb. For more news, click here
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