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Permian Basin benefits from shift to more lucrative liquids-rich plays
With oil prices hovering around $90 to $100 a barrel and new technologies for extracting hydrocarbons, the prolific Permian Basin of West Texas and Southeastern New Mexico is enjoying a renaissance.
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Haynesville Shale surpasses Barnett as US's largest shale gas producerThe Haynesville Shale in Louisiana surpassed the Barnett Shale in Texas as the nation's highest production shale gas play in 2011, according to the US Energy Information Agency. |
Haynesville Shale surpasses Barnett as nation's top-producing shale gas play
It seems that we don't hear as much about the Haynesville Shale these days.
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Management changes at Comstock Resources include retirement of COOAfter overseeing the growth of the company's exploration and development activities, including the Haynesville Shale drilling program, Mack D. Good, chief operating officer of Comstock Resources Inc., has announced his plans to retire effective March 15. |
Haynesville drilling drives up Comstock Resources' reserves 45%Comstock Resources Inc. said Jan. 24 that its proved oil and natural gas reserves as of Dec. 31, 2010 were estimated at 1,026 bcf of natural gas and 4.2 million barrels of crude oil or 1,051 bcfe, an increase of 45% as compared to total proved reserves as of Dec. 31, 2009 of 726 bcfe. |
GE gets in on natural gas boom with Dresser acquisition
Addison, Tex.-based Dresser Inc., majority-owned by private equity firms Riverstone Holdings LLC and First Reserve Corp., has agreed to be acquired by GE for $3 billion.
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Comstock delayed in completing Haynesville and Bossier shale wells |
TPG Capital forms Petro Harvester to acquire conventional oil, gas assetsPrivate investment firm TPG Capital has formed a new venture, Petro Harvester Oil & Gas LLC, to invest in oil and gas producing properties in North America, starting with the Mississippi Salt Basin assets of Comstock Resources. |