Another recent study, this one by the American Petroleum Institute (API), a national association that represents the oil and gas industry, has shown how drilling and spending on shale oil and gas boomed in 2011. This report stated that 10,731 shale oil and natural gas wells were drilled and $65.5…
Good news for Texas mineral owners and the Texas oil and gas industry in the form of more investment in our shale resources! An new oil and gas company out of Fort Worth, Texas, Titan River Energy, has announced they will use $100 million from a capital commitment to drill…
The reaction to the death of Venezuelan strongman Hugo Chavez has varied around the world. His antagonism towards the US was well known and vocal. But now that he is gone, the oil and gas industry is curious about what will happen to Petroleos de Venezuela SA (PDVSA), the Venezuelan…
Recently, DCP Midstream and DCP Midstream Partners confirmed plans to build a cryogenic plant in South Texas to service the Eagle Ford shale. The cryogenic plant will provide natural gas processing services. The construction will be by a joint venture owned two thirds by DCP Midstream and one third by…
Pioneer Natural Resources Co. (PNR) has 155,000 gross acres in the Barnett Shale play- two thirds in the liquids-rich area and one third in the dry gas area. PNR has operated this area since 2007. Pioneer, a company out of Dallas, started divesting procedures for these shale play properties in…
The Texas Petro Index is put out by the Texas Alliance of Energy Producers, an organization that represents the interests of the oil and gas industry in Texas with the state and federal government. The TPI is a composite index of upstream economic indicators and was created by economist Karr…