Oil and Gas Industry News for Mineral Owners

North Texas gas drilling is quiet – for now

Sarah Finley — Mon, 29 Dec 2008 22:28:00 +0000

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

Sarah Finley — Mon, 29 Dec 2008 22:20:00 +0000

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

Bill Sinclair — Mon, 22 Dec 2008 20:49:50 +0000

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

Sarah Finley — Mon, 22 Dec 2008 17:40:56 +0000

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

Sarah Finley — Mon, 22 Dec 2008 17:30:43 +0000

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

Sarah Finley — Sun, 21 Dec 2008 17:53:00 +0000

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.