American Petroleum Institute‘s Chief Economist John Felmy has warned policymakers that unnecessary duplicate regulations could obstruct the development of unconventional oil and gas plays in the US. He pointed out at a news conference in Washington, DC that these plays have already created jobs and helped improve economic conditions in…
Another company is increasing its presence in South Texas in the Eagle Ford Shale. Penn Virginia Corporation has increased its holdings by 4,100 net acres in Gonzales and Lavaca counties for $10 million. This brings the company to 31,000 net and 41,100 gross acres in the Eagle Ford. In Gonzales…
Sanchez Energy Corporation, a fast growing independent oil and gas company based in Houston, Texas, announced recently that it will accelerate its 2012-2013 drilling in the Eagle Ford shale play. This shale play covers 11 million acres from the Mexican border in South Texas to East Texas near Louisiana and…
The Texas Petro Index is put out by the Texas Alliance of Energy Producers, an organization that represents the interests of the oil and gas industry in Texas with the state and federal government. The TPI is a composite index of upstream economic indicators and was created by economist Karr…
As we’ve seen time and time again, at least in Texas, state government is in the best position to regulate the energy industry in areas such as hydraulic fracing. Texas has done a good job of using its laws and its court system to deal with the issue in a…
There is good news for anyone wanting to make a career in the growing field of gas development! This year, after more than a dozen years, students will be able to study for a degree in natural gas engineering at Texas A&M University, Kingsville. When the university’s engineering program started…
Texas gas retailers are in for a tough time. The federal Court of Appeals for the DC Circuit ruled earlier this year in favor of the Environmental Protection Agency (EPA) on a challenge to the introduction of a higher corn ethanol blend in gasoline. The new higher blend would contain…
A few recent cases involving Chesapeake Energy Corporation backing away from potential oil and gas leases are raising alarms. Obviously a contract is only as good as its enforceability. It goes without saying that landowners need to be diligent so that they are not taken advantage of by large oil…
The United States Geological Survey (USGS) released a new estimate last week on the US’s oil and gas reserves. The new estimate for 2012 is part of the Reserve-Growth Assessment Project. It found 32 billion barrels of crude oil, 291 trillion cubic feet of natural gas, and 10 billion barrels…
The Denbury case was one of the most important developments in Texas oil and gas law in the past year, and this blog reviewed the March, 2012 Texas Supreme Court ruling here. In summary, the Denbury case involves a landowner who objected to a private energy company’s use of the…