A $200 million purchase of several properties in the Barnett Shale of North Texas and the Arkoma Basin will help Fort Worth-based independent XTO Energy Inc. increase its proved reserves by 154 Bcfe, the company said last week. The sellers were not disclosed.
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XTO Ups Gas Target with Barnett Shale, Arkoma Basin Purchase
With the $200 million purchase of several properties in the Barnett Shale of North Texas and the Arkoma Basin, Fort Worth-based independent XTO Energy Inc. will increase its proved reserves by 154 Bcfe, the company said Monday. The sellers were not disclosed.
XTO Adds Gas-Rich Reserves in TX, LA; Kerr-McGee Ups Ante in North Slope, Brazil
Fort Worth-based XTO Energy Inc. said Thursday it will spend $249 million to buy a set of natural gas-rich assets in East Texas and northern Louisiana with estimated proved reserves of 182 Bcfe. Kerr-McGee Corp. also is in the acquiring mood, announcing new lease agreements in the North Slope basin of Alaska and offshore Brazil.
XTO Adds 83 Bcf of Proved Reserves in Several Domestic Deals
Fort Worth-based independent XTO Energy Inc. said Wednesday it has added an estimated 83 Bcf of proved reserves in several transactions that increased its positions in Texas, Arkansas, New Mexico and Colorado.
XTO Adds 83 Bcf of Proved Reserves in Several Domestic Deals
Fort Worth-based independent XTO Energy Inc. said Wednesday it has added an estimated 83 Bcf of proved reserves in several transactions that increased its positions in Texas, Arkansas, New Mexico and Colorado.
Quicksilver’s 2Q Revenues Increase as Profits Stumble
Due to a host of items that negatively affected its results, Fort Worth, TX-based Quicksilver Resources Inc. reported second quarter 2003 net income of $1.1 million, or 5 cents per diluted share, a substantial decline from the company’s 2Q2002 results of $3.7 million (18 cents per diluted share).
Quicksilver’s 2Q Revenues Increase as Profits Stumble
Due to a host of items that negatively affected its results, Fort Worth, TX-based Quicksilver Resources Inc. reported second quarter 2003 net income of $1.1 million, or 5 cents per diluted share, a substantial decline from the company’s 2Q2002 results of $3.7 million (18 cents per diluted share).
Encore Adds to Gas-Rich Holdings with $52M Purchase
Fort Worth-based independent Encore Acquisition Co. said late Wednesday it will acquire $52.2 million of gas-rich North Louisiana acreage, which holds estimated proven reserves of 37 Bcfe — 14 Bcfe proved developed. The new properties, purchased from a group of private sellers, are non-operated and located in the Elm Grove Field in Bossier Parish.
Encore Adds to Gas-Rich Holdings with $52M Purchase
Fort Worth-based independent Encore Acquisition Co. said last Wednesday it will acquire $52.2 million of gas-rich North Louisiana acreage, which holds estimated proven reserves of 37 Bcfe — 14 Bcfe proved developed. The new properties, purchased from a group of private sellers, are non-operated and located in the Elm Grove Field in Bossier Parish.
Feds Hint of More Indictments from Project Alpha
A Fort Worth-based Securities and Exchange Commission (SEC) official on Thursday said investigations were ongoing into “others” who may have been involved in a series of complex energy trades better known at Dynegy Inc. as Project Alpha, adding that “further action is likely,” after three former Dynegy employees were charged with criminal fraud.