Tag: Dallas Texas
EP Energy sells Texas, LA shale production for $420 million to Covey Park Energy
Daily production will increase to 200mmcf/day, total proved reserves will be 2 TCF Covey Park Energy LLC says it is buying all of EP Energy’s assets located in the Haynesville and Bossier shales, located in East Texas and Western Louisiana. Covey Park Gas LLC, a subsidiary of the Dallas-based independent oil and gas exploration and production company, […]
Midland/Odessa housing market hammered along with oil, gas economy
Overall, Texas housing market still favors sellers, especially in major metro economies Housing markets are slumping in communities that were recently flush from the US shale oil fracking boom, especially the the West Texas cities of Midland and Odessa. Home sales have also slowed in El Paso, and, more recently, in Houston, as well as North Dakota, epicenter […]
West Texas jury says a deal is a deal in $60 million oil leases law suit
West Texas Tiburon Land claimants awarded $33.1 million verdict, second set of claimants receive $28 million A West Texas jury has awarded more than $60 million to investors who claimed they were defrauded by an Abilene oil man and his co-defendants, according to the lawyer representing one group of claimants. Plaintiffs claimed they shared in the first 30,000 acres of […]
Exxon Mobil acquires 48,000 acres in Permian Basin
XTO Energy operates 11 horizontal, 4 vertical rigs across Permian Basin Exxon Mobil has executed two agreements to obtain horizontal development rights in 48,000 acres in the core of the Permian Basin, the company announced Thursday. The two agreements include an acquisition and farm-in adjoining XTO Energy’s existing acreage position in Martin and Midland Counties, providing rights to all intervals […]
Williams rejects Energy Transfer Equity $53B bid
Williams says Energy Transfer Equity undervalues company The Williams Cos. rejected a $53 billion buyout offer from Energy Transfer Equity, but said that it may still put the natural-gas pipeline company up for sale. Its stock jumped more than 26 per cent in premarket trading. Williams said ETE’s bid significantly undervalues the business, but that it was […]
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