The mission of NARO is to encourage and promote exploration and production of minerals in the United States while preserving, protecting, advancing and representing the interests and rights of mineral and royalty owners through education, advocacy and assistance to our members, to NARO chapter organizations, to government bodies and to the public.
(Bloomberg) -- The era of the monster frack has arrived in North America, and Chesapeake Energy Corp. is singing its praises.
Chesapeake said Thursday at an analyst conference that it set a record for fracking by pumping more than 25,000 tons of sand down one Louisiana natural gas well, a process the shale driller christened "propageddon.” The super-sized dose of sand -- known as "proppant" -- is able to prop open bigger and more numerous cracks ...
Comstock Resources Inc. (NYSE: CRK) is unloading conventional gas assets in South Texas with proceeds earmarked for the Haynesville Shale, the company said Oct. 17.
The Frisco, Texas-based agreed to sell the properties to an undisclosed company for $28 million. The sale includes 9,904 net acres of legacy gas assets in Duval, Hidalgo, Kenedy, McMullen and Zapata counties, Texas.
Proceeds from the sale will fund additional 2016 drilling in the Haynesville, where the company recently restarted operations.
“This sale ...
U.S. Rep. Charles Boustany, R-Lafayette, has introduced the Ending Legacy Lawsuit Abuse Act, which he said would prevent plaintiffs’ lawyers for legacy oil and gas lawsuits from “venue shopping” for friendly courts.
“It’s no secret our oil and gas industry is struggling. Legacy lawsuits destroy jobs while enriching plaintiff lawyers who abuse the system,” Boustany said in a statement issued Tuesday. “We must put a stop to these unfair lawsuits which extort oil ...
The Haynesville Shale may yet swing a comeback—perhaps to rival the likes of Elvis, Brando or at the very least, Burt Reynolds in “Gator.”
Haynesville talk routinely spills over into A&D conversations otherwise dominated by the Permian Basin and Oklahoma Stack. And increasingly, industry experts are giving a nod to the legacy natural gas play virtually left for dead as the Marcellus Shale warped production toward the northeast.
While there’s no swooning ...
Range Resources Corp. (NYSE: RRC) said Sept. 16 that it completed its $4.2 billion merger with Houston-based Memorial Resource Development Corp.
The value of the all-stock transaction, which included the assumption of Memorial Resource's debt, was about $200 million less than originally reported when the deal was announced May 16.
The deal shifts Fort Worth, Texas-based Range’s focus outside of the Appalachian Basin to the Gulf Coast.
Two private equity firms and a Canadian pension plan have acquired substantially all of J-W Energy Co.'s upstream and midstream oil and gas assets, plus acreage in the Haynesville Shale and the Rockies, which will be part of a joint venture (JV) between the two firms.
In a statement Monday, the two firms -- Dallas-based Aethon Energy Management LLC and New York-based RedBird Capital Partners LLC -- said they were joining the Ontario Teachers' ...
After more than two years of political controversy and courtroom disputes, Helis Oil & Gas Co. of New Orleans started drilling an exploratory well Wednesday (June 29) in south-central St. Tammany Parish. A company spokesman said the drilling began shortly after 2 p.m. at the site east of Louisiana 1088 and north of Interstate 12, northeast of Manderville.
"We are in, just now," spokesman Greg Beuerman said. "we're pleased, obviously. It's been a long process, one that we understood ...
LINCOLN PARISH, La. -
Times are tough in the oil and gas patch these days.
Oversupply means low prices. That's good for consumers but bad for the energy business. Drilling has been cut back and thousands of people in Louisiana are out of work.
It's an area called Terryville -- a rich energy field centered that stretches across parts of Lincoln Parish, Bienville Parish and Jackson ...
In one of the first corporate takeovers since commodity prices nosedived in 2014, Range Resources Corp. (NYSE: RRC) has agreed to acquire Memorial Resource Development Corp. (NASDAQ: MRD), giving Range a strong Gulf Coast presence.
However, analysts don’t view the deal signaling a wave of M&A activity from distressed E&Ps.
Fort Worth, Texas-based Range said May 16 it entered a definitive merger agreement to acquire all of Memorial Resource Development’s outstanding stock in ...
The crash in oil prices has taken its toll. The number of rigs drilling for oil and gas in the U.S. fell today to the lowest level in more than 75 years of records. The animation below shows the deployment of rigs over five years, culminating in the collapse of 75 percent of the rig count. watch now...
By Tom Randall, Julian Burgess and Blacki Migliozzi
FIND OUT WHAT NEW TAXES THE OIL AND GAS INDUSTRY WILL BE PAYING
The oil and gas industry was told through the special session process that it would not be the target of new or increased taxes. Despite those proclamations, the end result puts even more Louisiana producers and suppliers at risk.
The night before Aubrey McClendon died, the oil-and-gas pioneer was expected at a private dinner here with potential business partners. Among them: Vicente Fox, the former president of Mexico.
Around sunset, the group gathered in a wood-paneled dining room at the exclusive Beacon Club. A waiter brought plates of sea bass and lamb. Three bottles from McClendon’s wine collection were opened, including a 2010 Napa Valley red bearing the logo of his business, American Energy ...
Some of you may have already heard about the ramifications of the state of Louisiana’s present budgetary troubles, read the following for Governor Edwards' proposal for tax hikes, educational & medical cuts, etc. This is the text version of a televised speech that Governor Edwards gave on 2/11/2016.
Even worse, TOPS payments have been temporarily suspended until further notice http://www.fox8...
As global oil prices continue to plummet, data suggests northwest Louisiana could be as much a victim as many of the traditional oil parishes along the southern coast of the state.
Louisiana Workforce Commission totals for the week ending Dec. 26 show 2,398 initial unemployment claims, down from 2,675 claims filed the previous week but up from 1,566 claims filed for the same week in 2014. That latter figure reflected the initial downturn in the oil and gas industry in ...
SHREVEPORT, La. - 2008 was a good year for northwest Louisiana. Natural gas was being pumped from the newly explored Haynesville Shale--turning ordinary people into millionaires overnight. During its peak, more than 100 rigs were operating in the shale.
But at the start of the decade, the excitement tapered off as gas prices fell from $13 to less than $2--showing there was no longer a big financial gain to be made from the deep gas. By 2011, most of ...
NEW ORLEANS (AP) — Two companies are looking at building large facilities along the Mississippi River south of New Orleans where they can export natural gas to the world market, another sign of the expanding footprint of the natural gas industry in Louisiana.
Until now, the area around Lake Charles has been the center of a boom in the market to import and export natural gas with 10 projects in various stages of development there. Two large ...
When your oil company or Oil & Gas purchaser goes broke ...
A royalty and mineral owner's perspective and action plan for when you receive notice from the United States Bankruptcy Court. Continue to read ...
By Texas Land & Mineral Owners Association
Memorial Resource Development Corp. (MRD) entered into separate transactions to acquire or lease certain acreage adjacent to its existing operating areas in North Louisiana, the company said Sept. 21.
The company entered a definitive purchase and sale agreement with a third party to acquire about 45,807 gross (45,121 net) acres in Jackson and Lincoln parishes. This transaction is scheduled to close in this year’s fourth quarter, and its effective date is Aug. 1. Click here to continue to ...
Our Fuel Yourself with Knowledge program around the state starts with our Coushatta meeting with great educational evening events on September 14th 6:30-8:30pm. You can register on line for this free event in Coushatta by CLICKING HERE.
The venue for this event is:
Coushatta Country Club, 843 Bogan Lane, Coushatta, LA
Our Fuel Yourself with Knowledge program around the state starts with our Mansfield meeting with great educational evening events on August 18th 6:30-8:30pm. You can register on line for this free event in Mansfield by CLICKING HERE.
The venue for this event is:
Charlie's Cafe, 12805 Hwy 171, Mansfield, LA
FUEL YOURSELF WITH KNOWLEDGE events are free, dinner is complimentary, however these evernt have limited space . So register now. RSVP online at www.naro-us.org/events, or with Dee Copeland, NARO Member Coordinator, 1800-558-0557.
Texas-based Comstock Resources weeks ago offered a sliver of hope the Haynesville Shale may be getting renewed attention from the industry.
The independent energy company announced plans to suspend its oil-directed drilling activity in shale plays in Texas and Mississippi and move two rigs to Northeast Louisiana where it would start up drilling for natural gas in the Haynesville Shale. Comstock expects to spend $161 million drilling 14 horizontal wells in the Haynesville and overlaying Bossier Shale, ...