Texas – Page 21 – Oil & Gas 360

Panhandle Oil and Gas Inc.: Big Leases in the Permian; Diversification Across Southern U.S. Plays

June 14, 2017

Founded in Oklahoma City in 1926, Panhandle Oil and Gas (ticker: PHX) boasts a foundation of 255,000 net acres of perpetually owned mineral rights spread primarily over Arkansas, Oklahoma, and Texas. Panhandle is in the position of holding large tracts of prospective acreage without operating that acreage. Instead, Panhandle allows large independent companies to lease and explore its holdings. Of

Yuma Energy Sells Non-Core Assets, Lenders Reaffirm Borrowing Base

May 23, 2017

Yuma Energy, Inc. (ticker: YUMA) said it has sold its wholly owned subsidiary’s El Halcón property for $5.5 million. The assets are located in Brazos County, Texas, and Yuma held an average working interest of approximately 10% (1,557 net acres) producing approximately 140 Boe/d net from 50 Eagle Ford wells and one Austin Chalk well. Yuma also announced that on May 19, 2017 the lenders under its

Permian – Delaware Basin Action Virtually Nonstop Since Oct. 1

January 30, 2017

No slowdown for the Permian Everybody is getting into the action in the Permian basin and in the Delaware portion of the basin in particular. Even Norway’s TGS-NOPEC Geophysical Company (ticker: TGS) has landed in the Permian. TGS announced today that it has commenced field operations on the West Kermit 3D seismic survey in the Delaware Basin. The project will encompass a

Texas Economy Finally Heading Up-ish: Comerica Bank

January 9, 2017

Permian rig count growth a boon to Texas’s overall economy Dallas-based Comerica Bank (ticker: CMA), released its Texas Economic Activity Index last week, saying its measure of the Texas economy advanced for a second consecutive month, gaining 0.4 percentage points in October to a level of 91.0. September’s index reading was 90.6. October’s index reading is 25%, above the index cyclical

What’s Worth More to the State of Texas—Land or Oil?

December 8, 2016

Land tax revenues increasing amid the oil downturn Texas is one of the country’s preeminent wealth generators for both agriculture and oil and gas. In fiscal 2016, the two industries contributed a combined $3.4 billion in tax revenues to the state. The downturn in oil and gas activity has had a significant impact on Texas’ tax receipts, however, and land

How Alberta Mismanaged the Energy Boom Compared to Texas

November 17, 2016

Fraser Institute Study Compares How Texas and Alberta Managed Public Finances between 2004 and 2014 A new report from the Fraser Institute, titled “One Energy Boom, Two Approaches: Fiscal Restraint Has Left Texas in Better Shape than Alberta,” concludes that Alberta’s undisciplined spending and fiscal mismanagement rather than the drop in energy prices was been responsible for its history of deficits

Texas Aug. 2016 Oil & Gas Production Down almost 20% from Aug. 2015

October 27, 2016

Total oil and natural gas production per day has rolled over and started to decline in Texas, according to data recently released by the Texas Railroad Commission. Total oil production for August 2016 was 84.8 MMbls, a six percent decrease from July production at 90 MMbls and an 18% decrease from August 2015 levels of 103.9 MMbls. Gas followed a

Texas’ Top Performers by Basin

October 20, 2016

Most wells testing in the top 20: EOG leads the Eagle Ford, Pioneer leads the Midland, Cimarex leads the Delaware KLR Group released a research note Thursday covering well data provided by the Texas Railroad Commission for the third quarter of the year, noting that activity is down overall, but that test rates are increasing per well. July 2016 production

Texas Plays the Swing Producer Role

October 5, 2016

From the Midland Reporter Telegraph OPEC last week committed to reducing its oil production quota during an informal meeting in Algiers in hopes of reducing the global oil supply and raising prices, which has pressed several nations into dire straits. While the deal won’t be finalized until the cartel’s formal meeting Nov. 30 in Vienna, markets quickly responded and sent

Unit Corporation 2015 Annual Report Cover

Unit Corporation – Day Three Breakout Notes

August 17, 2016

Unit Corporation presents at EnerCom’s The Oil & Gas Conference® During Unit Corporation’s breakout session, management was asked the following questions: Are completions going to follow the rig? How strategic is it to keep 3 segments under the same company? Will there be a division or sale? What pay zone are you kicking out into in the Granite Wash? What

Newfield Exits Texas, High-Grades to the STACK

August 9, 2016

On August 3, 2016, Newfield Exploration (ticker: NFX) announced the signing of two separate purchase and sale agreements to divest all of its assets in the Maverick Basin of Texas for $390 million. The transaction is expected to close in the third quarter of 2016 and covers 35,000 acres of unconventional and conventional assets in Dimmit and Atascosa counties. EnCap-backed

EnerCom Conference Presenter Focus: Denbury Resources

August 4, 2016

Denbury Resources will be presenting at EnerCom’s The Oil & Gas Conference® in Denver, on Tuesday, August 16, 2016. Denbury Resources is an upstream oil and gas operator primarily focused on carbon dioxide enhanced oil recovery methods. The company’s portfolio of assets is split between the Rocky Mountain region and the Gulf Coast region. Denbury operates mature fields by utilizing

Premium Content