I read an article today saying that Russia Today has been publishing articles critical of hydraulic fracturing in an effort to suppress U.S. shale production and help Russia regain its footing as the world’s largest gas producer. I had never heard of Russia Today, so I looked it up –…
The Wall Street Journal reported that Sanchez Energy Corp is in talks to buy Anadarko’s leases and production in the Eagle Ford, partnering with Blackstone Group LP, for $3 billion to $3.5 billion. Separately, Sanchez Energy is selling $181 million of “non-core” Eagle Ford leases, about 15,000 acres, to Carrizo…
Apache has announced that it is sitting on as much as 75 trillion cubic feet of rich gas and 3 billion barrels of oil under 352,000 acres in southern Reeves County. It calls its prospect the “Alpine High.” The hydrocarbons are in a 4-5,000-foot thick segment encompassing 2-3,000 locations in…
Chesapeake Energy announced last week that it is selling (giving away?) all of its interest in the Barnett Shale to Saddle Barnett Resources, LLC, a company backed by First Reserve. First Reserve is a global private equity investment firm. The Barnett Shale is the birthplace of the shale revolution in…
One of the speakers at our firm’s recent oil and gas seminar for land and mineral owners was Chris Atherton, President of EnergyNet, Inc. EnergyNet is an online auction site for oil and gas assets- mineral and leasehold interests. It now controls 75% of the online auction business for oil…
Stabilis Energy has a facility in George West, about an hour south of San Antonio in the Eagle Ford field, that can produce up to 120,000 gallons of liquified natural gas a day. It opened in March 2015. The US Department of Energy has now given Flint Hills Resources permission…
Haynes and Boone has published a list of the companies who have filed bankruptcy in the current downturn. View it here. 31 of the 63 companies listed are based in Texas. Yesterday Swift Energy, which filed for bankruptcy protection on the last day of 2015, announced that it has emerged…
Aubrey McClendon, the founder of Chesapeake Energy, died in a car crash last Wednesday, a day after he was indicted on federal charges of conspiring to rig the price of oil and gas leases. Numerous articles have reviewed his life and legacy. Russell Gold, senior energy writer for the Wall…
The Texas Land & Mineral Owners Association Newsletter recently published an article disclosing that the Zavala County Appraisal District has denied agricultural-use special appraisal value for land used for oil-pad sites and frac ponds. One owner who challenged the re-appraisal got the District to agree that, if a well pad…