Sanchez Production Skyrocketing on South Texas Acquisition

Sanchez Energy Corp. has revised its spending and operations guidance following the closing of the acquisition of South Texas assets from Hess Corp.

June 5, 2013


Thomas F. Darden has retired from the Quicksilver Resources Inc. board chairmanship and from his officer position effective Wednesday, the company said. He will remain on the board as a director and chairman emeritus and will continue to work for Quicksilver through the end of the year. He will be focused on pursuing a joint venture in British Columbia’s Horn River Basin, something that the Fort Worth, TX-based company has sought for some time (see Shale Daily, May 8). Darden is to retire from Quicksilver on Dec. 31 but will continue to advise the company on the Horn River development and other projects, the company said. W. Yandell Rogers was elected chairman Wednesday. He has served as an independent director since March 1999.

May 17, 2013

Wal-Mart Squeezes Out ExxonMobil as No. 1 on Fortune 500

ExxonMobil Corp. fell from its No. 1 position on the Fortune 500 of top revenue earners last year to No. 2 behind Wal-Mart Stores, Fortune reported on Monday.

May 7, 2013
Halcon Making Big Plans in New Eagle Ford Shale Play

Halcon Making Big Plans in New Eagle Ford Shale Play

Halcon Resources Corp. said it has acquired more than 50,000 net acres of leasehold in an Eagle Ford Shale play in East Texas, and plans to eventually triple its presence and invest $100 million there this year.

April 16, 2013

Moniz: Fracking Natural Gas Provides Bridge to Zero-Carbon Future

Department of Energy (DOE) Secretary-designate Ernest J. Moniz fielded questions about his position on hydraulic fracturing (fracking), natural gas exports and climate change during his confirmation hearing Tuesday before the Senate Energy and Natural Resources Committee.

April 10, 2013

Goldman Lifts U.S. Natural Gas Price, Rig Forecast

Goldman Sachs on Friday joined two other analyst houses in boosting U.S. natural gas price forecasts, recommending that investors position themselves for “higher prices over the course of 2013.” The gas rig count also is predicted to surpass the 500 mark by the end of the year.

April 8, 2013
EOG Partnering with ZaZa, Range in Eaglebine

EOG Partnering with ZaZa, Range in Eaglebine

EOG Resources Inc. has struck a joint exploration and development agreement with Eaglebine formation partners ZaZa Energy Corp. and Range Resources Corp. in Walker, Grimes, Madison, Trinity and Montgomery counties, TX.

March 26, 2013
Marcellus Changing Game For Some Producers; Some Still Lag

Marcellus Changing Game For Some Producers; Some Still Lag

The Marcellus Shale today is the largest U.S. natural gas production region, with output of more than 7 Bcf/d, which has led to a “significant, positive” impact on early movers, but some operators continue to underperform share-wise in the play, according to IHS Inc.

March 19, 2013


Wyoming has hired a new oil/natural gas supervisor, Grant Black, a 30-year geology veteran who will assume his new position May 1. The state has been without a permanent supervisor at the Wyoming Oil and Gas Conservation Commission (OGCC) since long-time incumbent Tom Doll resigned last year after a run-in with Gov. Matt Mead (see Shale Daily, June 18, 2012). Department veteran Bob King has filled in on an interim basis. Once the oil/gas supervisor in Arkansas (1999-2004), Black holds geology degrees from the University of Oklahoma and Oklahoma State University.

March 18, 2013

Santa Fe Expands Barnett Position, Moves Forward With Drilling Plans

Santa Fe Petroleum Inc. announced Thursday that it had acquired additional leased acres in North Central Texas for oil and natural gas drilling, expanding its position in the Barnett Shale.

February 15, 2013