Dallas

There are billions of dollars worth of assets on the market and “plenty of money” available to Dallas-based Exco Resources Inc. as it pursues several potential acquisitions in the gas market, Exco Resources Inc. CEO Doug Miller said during a conference call with analysts Wednesday.

Al Armendariz, the head of the Environmental Protection Agency’s (EPA) Dallas office, resigned Monday following public outcry over his remarks supporting a “crucify them” approach to enforcement of the oil and natural gas industry.

Al Armendariz, the head of the Environmental Protection Agency’s (EPA) Dallas office, resigned Monday following public outcry over his remarks supporting a “crucify them” approach to enforcement of the oil and natural gas industry.

Increasing reliance on natural gas-fired power generation in the Dallas-Fort Worth Metroplex has created a ready and willing market on the demand side of the Tolar Hub in Tolar, TX, while gas from the Barnett Shale and other area shale plays ensures abundant supply, according to hub operator NorTex Midstream Partners LLC.

Increasing reliance on natural gas-fired power generation in the Dallas-Fort Worth Metroplex has created a ready and willing market on the demand side of the Tolar Hub in Tolar, TX, while gas from the Barnett Shale and other area shale plays ensures abundant supply, according to hub operator NorTex Midstream Partners LLC.

Joining the months-long trend in the industry of transitioning from dry natural gas targets to more liquids-rich plays due to market economics, Dallas-based Matador Resources Co. said recently its 2012 plans will target the Eagle Ford Shale of South Texas while ramping down the development of its Haynesville Shale acreage in North Louisiana.

Dallas-based Pioneer Natural Resources Co. has agreed with a subsidiary of Carmeuse Holding S.A. (Luxembourg) to acquire its U.S. industrial sands business, Carmeuse Industrial Sands (CIS), for $297 million, giving it a large supply of sand for hydraulic fracturing (fracking) activities.

Dallas-based Pioneer Natural Resources Co. has agreed with a subsidiary of Carmeuse Holding S.A. (Luxembourg) to acquire its U.S. industrial sands business, Carmeuse Industrial Sands (CIS), for $297 million, giving it a large supply of sand for hydraulic fracturing (fracking) activities.

Dallas-based Exco Resources Inc. is dropping more than half of its drilling rigs in the Haynesville Shale this year, cutting one rig in the Marcellus and deferring well completions in natural gas plays. However, CEO Doug Miller said Friday there are “huge opportunities” to buy distressed properties, which the company intends to pursue.