Goodrich Petroleum Corp. is buying a 66.7% working interest in producing assets and about 277,000 gross acres in the Tuscaloosa Marine Shale (TMS) for $26.7 million as it continues to build scale in the play and improve its drilling performance.
Holders
Articles from Holders
Sanchez Triples Production from Year Ago
Sanchez Energy Corp., which targets the liquids-rich Eagle Ford Shale, charted first quarter production of 355,000 boe, an increase of 106% from the fourth quarter and 320% from the year-ago period, the company said.
GMX Resources Seeks Protection Through Chapter 11 Filing
GMX Resources Inc. (GMXR) announced Monday that it has filed for Chapter 11 bankruptcy, and is looking to finalize an asset purchase agreement with holders of the company’s senior secured notes to acquire all of GMXR’s operating assets and undeveloped acreage.
XTO, MarkWest Execs Tout Shale Success, Push Public Interaction, LNG Exports
Two oil and natural gas industry executives lauded the economic success brought about by shale gas development, but warned that continuing success depends in large part upon educating the public on hydraulic fracturing (fracking), training future regulators and policy makers, and exporting liquefied natural gas (LNG).
TCEQ Planning Barnett Shale Permitting Rule Changes
The Texas Commission on Environmental Quality (TCEQ) is considering revisions to requirements for the Air Quality Standard Permit for Oil and Gas Handling and Production Facilities, which are used to authorize oil and gas facilities in the Barnett Shale of North-Central Texas.
Equal Takes Atlas as Partner in Mississippian Lime
Atlas Resource Partners LP (ARP) has entered into a joint venture (JV) agreement with subsidiaries of Canada’s Equal Energy Ltd. in the core area of the Mississippian Lime, a formation in Oklahoma and Kansas rich in oil and natural gas liquids (NGL).
Plains All American Planning Mississippi Lime Pipeline
Plains All American Pipeline (PAA) plans to build a 170-mile pipeline between Alfalfa County, OK, and its Cushing, OK, storage facility to service increasing Mississippi Lime crude oil production in northern Oklahoma and southern Kansas, the Houston-based company said.
Range Lawsuit Status Uncertain as Cecil Township Amends Ordinances
Elected officials in Cecil Township, PA, voted unanimously on Monday to adopt changes to two of its ordinances governing Marcellus Shale development but are still waiting to hear if Range Resources Corp. will drop a lawsuit it filed against them in October over the changes.
Range Sues One Pennsylvania Township, Awaits Another’s Next Move
Range Resources Corp. has filed suit against a Pennsylvania township, alleging that the municipality violated state meetings law by not giving proper notice before making sweeping, prohibitive changes to its Marcellus Shale drilling ordinance.
Analysts Say ‘Play the Range;’ November Surges
November natural gas staged a furious end-of-week rally Friday as traders factored in cooler weather and holders of short positions may have figured that the outlook couldn’t get much better and decided to cover. November jumped 17.2 cents to $3.703 and December rose 14.6 cents to $3.960. November crude oil surged $2.57 to $86.42/bbl.