NYTEX Energy Holdings Inc. has acquired 5,447 leasehold acres in North Texas to commence development of the Mississippi Lime oil formation at depths between 4,000 and 5,000 feet.

Nova Scotia, Canada-based Corridor Resources Inc. has spud the vertical Will DeMille O-59 shale gas appraisal well, an offset to the Will DeMille G-59 horizontal well drilled in 2010, in order to advance the Frederick Brook Shale program.

Praxis Mutual Funds has called on oil and gas companies to provide additional disclosures regarding the environmental and financial risks associated with their hydraulic fracturing (natural gas drilling) operations.

Southern Union Company has approved construction of the $235 million Red Bluff Project, a 200 MMcf/d natural gas processing plant and associated gathering, compression, and treating facilities, through its midstream segment, Southern Union Gas Services (SUGS).

Research and consulting firm Wood Mackenzie dispels talk that the oil and gas business is a “sunset industry” in a new report titled “The changing face of upstream value.”

Days after the July 14 announcement by Australia’s BHP Billiton Ltd. of its acquisition of Houston-based Petrohawk Energy Corp. for US$15.1 billion, analysis about future trends in the highly attractive unconventional resources space began to surface.

On Monday, natural gas champion Chesapeake Energy unveiled its three pronged plan to transform the US transportation fuels market and reduce OPEC Oil imports.

San Antonio, Tex.-based Cross Border Resources Inc. (OTCQX: XBOR) has executed a participation agreement in the Big Star Six Shooter project targeting 320 gross acres within the Wolfberry Trend, Dawson County, Texas.

Canadian natural gas company Progress Energy Resources Corp. has agreed to sell 50% of its working interest in certain British Columbia shale assets to Malaysian national oil company, Petronas, for $1.1 billion.

ConocoPhillips told the financial community in New York on March 22 that it plans to sell an additional $5-$10 billion of non-core assets over the next two years.

Murphy Oil Corp., through its wholly owned subsidiary, Murphy Oil Co. Ltd., has commenced operation at the Tupper West natural gas processing facility in northeastern British Columbia.

There is a new oil play to watch in southeast Texas that may be of interest to those fascinated by the Eagle Ford shale.

Calgary-based Talisman Energy has signed an agreement with South Africa’s Sasol Limited on Dec. 20 to create a strategic partnership to develop the Farrell Creek assets in Talisman’s Montney Shale play in northeastern British Columbia. Talisman will sell a 50% working interest in its Farrell Creek assets to Sasol for a total consideration of Can$1.05 billion (about US$1.03 billion).

Argentina has approved plans for a pipeline to transport natural gas from Bolivia to Argentina’s northeast, which will reduce that region’s reliance on fuel oil, diesel, and LPG, according to the state regulatory agency, Enargas.