Oil and Gas Industry News for Mineral Owners

North Texas gas drilling is quiet – for now

2008-12-29T22:28:00Z

A column ran in the Fort Worth Star-Telegram about one mineral owner who held out from leasing his property to oil and gas companies after feeling his offer was too low. For the full story click here.

Railroad Commission changes pooling interpretation

2008-12-29T22:20:00Z

In Texas, the Fort Worth Business-Press ran a story about the Mineral Interest Pooling Act (MIPA) and how it affected oil and gas companies and mineral owners of the Barnett Shale. For the full story click here.

EnCana to reduce rigs to five in Piceance Basin

2008-12-22T20:49:50Z

The energy sector's slowdown has ensnared one of Colorado's top natural gas producers, forcing it to slash drilling rigs by half on the formerly booming Western Slope. For the full story click here.

Petroleum industry rocked by economic conditions

2008-12-22T17:40:56Z

A huge drop in the prices of oil and natural gas, consumers driving less and a tight lending market have the oil and gas industry in a bind at the end of a roller coaster year. For the full story click here.

City Council keeps 600-foot setback in ordinance revisions

2008-12-22T17:30:43Z

Fort Worth City Council members moved away from a previously considered revision to the city’s natural gas drilling ordinance that would have reduced setbacks to 525 feet, from the original 600 foot setback requirement. For the full story click here.

Plunging oil prices squash firms' plans for drilling projects

2008-12-21T17:53:00Z

Nationwide, oil markets have had their sharpest-ever increases and their steepest drops this year, all within a few months. Now, with a global recession at hand and oil consumption falling, the market's extreme volatility is making it harder for energy executives to plan ahead. As a result, exploration spending, which had risen to a record this year, is being slashed. For the full story click here.

Clearville residents want others to learn about gas storage

2008-12-21T17:46:00Z

In Bedford County, PA complex issues such as eminent domain and property rights are in the forefront as a group of landowners takes a stand against one of the largest energy companies in the world and what they say are unfair practices. For the full story click here.

Pennsylvania raises Marcellus Shale drilling fees ninefold

2008-12-17T23:08:56Z

The Pennsylvania Environmental Quality Board approved a request by the state Department of Environmental Protection, which evaluates and issues the permits, to increase fees from a flat $100 to a base of $900 for a 1,500 foot well, with an additional $100 for every 500 feet beyond that. For the full story click here.

Disagreement over bonus payments for mineral owners

2008-12-16T22:54:00Z

In East Texas, San Augustine residents are compalining that Houston-based Crimson Exploration is not honoring signed bank drafts in exchange for signed mineral leases to the rights to explore parts of the Haynesville Shale. For the full story click here.

Barnett Shale deals are dropping but still out there

2008-12-14T22:42:00Z

Tarrant County lease offers are dwindling in comparision to the boom only a few months ago; however, according to one Texas publication, there are still leases being signed and carried out. For the full story click here.