Worth

Fort Worth-based Quicksilver Resources Inc. reported 2010 net income of $435.1 million ($2.45/share) compared to a net loss of $557.5 million (minus $3.30 share) for 2009. The 2009 net loss was primarily attributable to a $656 million after-tax impairment charge on oil and gas properties. For 2010 production averaged 355.2 MMcfe/d, up 9% from 2009, primarily driven by higher volumes from the Barnett Shale. The 2010 production volumes were 79% natural gas, 20% natural gas liquids (NGL) and 1% crude oil and condensate. Sales of natural gas, NGLs and crude oil totaled $856.3 million, up about 7% from 2009, mainly due to a 9% increase in production coupled with increased realized prices for NGLs and crude oil, which were offset in part by lower gas prices. The company is active in the Barnett Shale of North Texas, The greater Green River Basin in Colorado and Wyoming and the Wind River Formation in Oklahoma, as well as in northwestern Montana, Alberta coalbed methane and the Horn River Basin in British Columbia.

Fort Worth-based Range Resources Corp. is pulling up stakes in the Barnett Shale of North Texas and redeploying its efforts and capital in the Appalachian Basin’s higher-return Marcellus Shale, the company said.

Enterprise Products Partners LP (EPD) has offered to buy Duncan Energy Partners LP (DEP), of which it already owns a majority, through a unit-for-unit exchange in a deal worth about $2.42 billion.

A moratorium on Marcellus Shale permits could be back on the table in Maryland.

Thirty Texas lawmakers recently wrote to Gov. Rick Perry seeking an emergency proclamation for additional air monitors in the Dallas-Fort Worth area to track emissions from Barnett Shale natural gas activity.

The roundup of energy patch rustlers in North Texas continues with investigators now having accounted for more than $1 million worth of stolen petroleum products, according to the Wise County Sheriff’s Office.

The roundup of energy patch rustlers in North Texas continues with investigators now having accounted for more than $1 million worth of stolen petroleum products, according to the Wise County Sheriff’s Office.

The roundup of energy patch rustlers in North Texas continues with investigators now having accounted for more than $1 million worth of stolen petroleum products, according to the Wise County Sheriff’s Office.

Texas State Sen. Wendy Davis (D-Fort Worth) has filed several natural gas-related bills to potentially be considered during the 82nd session of the Texas Legislature, which begins Jan. 11.