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Offers news related to the petroleum industry as of June 19-25, 2006. Management changes at Cano Petroleum; Expansion plans of Kinder Morgan Energy Partners on its natural gas storage field in Dayton, Ohio; Overview of Ness Energy International's new funding agreements with institutional investors.

The article discusses the positive effect of Donald Trump's victory on oil and gas industry in Texas. It further mentions that Trump has voiced his support on issues including support for hydraulic fracturing, increase in domestic oil and natural gas production and inclusion of pipelines as part of infrastructure development.

The article offers information on the signs of recovery showed by the energy sector in Texas through the agreement made by the Organization of the Petroleum Exporting Countries (OPEC), reducing production to promote the prices of oil worldwide. Topics mentioned include the improvement of the conditions in the oil and gas industries, the outlook index for exploration and production companies, and the production of natural gas in the U.S.

The article focuses on the growth in the oil and gas industry in Fort Worth, Texas. Topics discussed include the trend of the gas and oil industry in the city, the productivity of the industry, its development, its sales and prices, its struggles, its legal obligations, its success story, and its commitment to the future.

An interview with Robert Bryce, a Texas-based journalist and writer, is presented. When asked about what surprised him during the research, he mentions the length of time "energy independence" has been bandied about in the U.S. and how integrated the energy market is. He finds the Republicans as more realistic on energy policy. He believes that the energy industry tries to communicate the reality of the situation but voters have been conditioned to hate Big Oil and not believe anything the industry says.

This article features H. Bryan Poff, one of the many founders of the Fort Worth Petroleum Club in Texas. At 97, Poff still drills away after starting in the oil business in 1929. His latest well, near Desdemona, is his first in the Barnett Shale. Some of his oil field successes in Texas were a well in Cooke County in 1957 that produced a half a million barrels over the next 20 years and several successful fields in Kentucky. A brief biography on Poff is included.

An interview with John Richels, president of Devon Energy Corp., is presented. When asked about the company's plans with Barnett Shale, he answered that in 2007, they are set to drill 500 oil wells in the area. He mentions that their drilling increased from what they predicted due to better efficiencies on the rigs, better rig designs and use of automated equipment. He adds that they make decisions based not on short term prices of gas but on long term supply and demand fundamentals. INSET: Devon's water recycling program.

The article features Michael Powell, the man responsible for the online "Powell Barnett Shale Newsletter" which was first sent out for free in 2003. Powell is a Fort Worth, Texas oilman who spent 41 years in the oil and gas business, and according to the author, he likes doing research on matters related to oil and gas and just suddenly decided to share his work with others in the business. He was asked to evaluate the Barnett Shale in 1999, 2000 and 2003. His newsletter has a plenty of readers beyond the official 1,000 plus recipients.

The article discusses the Texas Right of Way Associates, a full service right of way acquisition firm in the oil and gas service industry that was established by brothers Don Valden and Ted Valdez. The continuing development of the Barnett Shale in Texas has increased the demand for right of way agents. The Texas Right of Way Associates specializes in the Barnett Shale. It has turned into a family run business which has made the Valdez family closer.

The article reports that oil and gas veterans, William L. Adams and Charles W. Seely, were named Fort Worth Oil Legends at the Texas Alliance of Energy Producers' luncheon at Fort Worth, Texas. Adams was the CEO of Union Pacific Resources Co. and Seely was head of Armer Oil Co. The two leaders, who were considered as a tribute to the industry and community, experienced the economics ups and downs of the energy industry during the first half of the 20th century.

Presents news on the petroleum industry and trade in Texas as of April 2006. Bids taken by the Dallas-Fort Worth International Airport from some of the world's largest energy companies for the right to search for oil and gas; Launch of a fuel terminal in North Texas by Willie Nelson and fellow biodiesel supporters Morgan Freeman, Earth Biofuels and Motiva Enterprises; Plan of the Kroger Co. to sell E85 fuel at 18 of its fuel stations in Texas.

Presents news briefs related to oil and gas companies in Texas as of February 2006. Plan of Quicksilver to invest on exploration and drilling activities in the Barnet Shale; Increase in the oil and gas reserves of Encore Acquisition; Plan of XTO to spend on drilling and production in 2006.

In this article, the author reflects on business enterprises including oil and gas servicing firms located in Texas's Fort Worth and Tarrant County, and compares profit generated by these companies in 2012 and 2013.

The article offers news briefs on energy. According to the "Powell Shale Digest," the Barnett Shale continues to increase production despite natural gas prices remaining low. Freese and Nichols has acquired Richardson-based Nicol and Associates, a provider of engineering services to the oil and gas industry.

The article discusses various reports published within the issue, including an interview with oil company Shell former head John Hofmeister, the legislative and regulatory issues faced by the oil industry, and a profile of the Moncrief family, who received a Texas Business Hall of Fame award.

The article reports that Chesapeake Energy Corp. will cite new natural gas and oil discoveries and stronger drilling activity at current projects that will significantly boost capital spending and increase its 2008 and 2009 production forecasts. The new major natural gas discoveries are located in the Haynesville Shale and the Anadarko Basin in Oklahoma and Texas, as the company stated. Chesapeake is expecting its 2008 average daily production rate to be 2.37 billion cubic feet equivalent.

The article reports on the investment activities of oil and gas companies XTO Energy Inc. and Carrizo Oil & Gas Inc. On February 12, 2008, XTO Energy entered into agreements worth $1 billion to acquire producing properties in the Eastern and San Juan regions in Texas and to purchase acreage positions in the Woodford, Fayetteville and Barnett shales. To raise cash for its leasing and drilling program in the Barnett Shale, Carrizo Oil announced on February 11, 2008 that it is offering 1.9 million shares of stock to potential investors.

An interview with Donna Warndof, director of public affairs at Texas Independent Producers and Royalty Owners Association (TIPRO), is presented. When asked about TIPRO, she describes the purpose of the advocacy group. She cites some of the legislative areas she had worked on in 2008. She also presents information on the activities being planed for the TIPRO convention.

The article reports that Range Resources Corp., a Fort Worth, Texas oil and gas company, has been added to Standard & Poor's S&P 500 index. Range replaced Tribune Co. which is going private, in the index. The index includes 500 of the largest publicly traded companies in the U.S. The firm, added to the index on December 17, 2007, is worth around $7 billion. Video game retailer GameStop Inc. was also added to the index in December 2007.

This section offers news briefs on the petroleum industry in Texas as of December 17, 2007. Range Resources Corp. has acquired natural gas and oil properties from DTE Energy Co. Bentek Energy LLC reported that the volume of Texas natural gas delivered via the interstate pipelines has increased to a record-high 10 billion cubic feet per day. Chesapeake Energy Corp. of Oklahoma City had been named Hydrocarbon Producer of the Year at the Platts Global Energy Awards.

The article discusses the highlights of the Barnett Shale Breakfast Symposium held in Texas on October 25, 2007. According to several speakers at the conference, the Barnett Shale has forced changes in the oil and gas industry in Texas and has also affected how drillings are done. Improved drilling methods and the feud over drilling rights in Fort Worth are also discussed.

The article offers news related to the petroleum industry. A technology that would help in optimizing the output of natural gas from unconventional natural gas reserves has been demonstrated by the U.S. Department of Energy and Pinnacle Technologies Inc. of Houston, Texas. A letter of intent was signed by Petroleum Technology Transfer Council (PTTC) and the American Association of Petroleum Geologies (AAPG) for the AAPG to manage the activities of PTTC. The mineral rights leases and drilling sites of Fort Worth Energy have been sold to XTO Energy Inc.

The article focuses on wholesale fuel company Ricochet Fuel Distributors Inc. in Euless, Texas. According to the author, this company has developed from a one-room operation to a business recognized as one of the fastest-growing, privately held companies in the area. CEO Kelly Brett Roberts said that the supplier of diesel, gasoline, oil and antifreeze is continuing to grow. Ricochet Fuel Distributors has expanded by moving into a bigger building to house its employees and equipment.

The article features Range Resources Corp., one of the top public companies included in the third annual Top 100 edition of the "Fort Worth Business Press." According to the author, the company engages in the exploration, development and acquisition of oil and gas properties in the U.S. It has posted its 18th consecutive quarter of sequential production growth. Range Resources has made three large acquisitions. It pushed into the field of unconventional gas production when it bought lands in Virginia and West Virginia to produce coal bed methane gas.

The article reports on the surface water rights acquired by Fountain Quail Water Management LLC from the Brazos River in Texas. The company plans to resell the rights to its oil and gas company clients drilling in the Barnett Shale. It cites the benefits of using groundwater to drilling companies. It details the water conservation efforts launched by energy companies operating in the Barnett Shale region.

The article announces the collaboration between SMU Cox Executive Education and the American Petroleum Institute (API) to offer continuing education classes to petroleum and natural gas industry professionals. Custom educational solutions adapted specifically for API members' companies training needs will be created and developed by SMU Cox. According executive education associate dean Frank Lloyd, the SMU Cox School of Business provides education programs tailored for the sector.

The article discusses issues tackled at the National Association of Royalty Owners-Texas (NARO) convention that was held on May 31, 2007. A key topic of the convention was the legislative bills passed by the Texas Legislature that affect the gas and oil industry, including House Bill 1920, which addressed the issue of line loss, House Bill 3273, which deals with gas gathering, and House Bill 1574, which requires the removal and/or cleanup of abandoned oil field equipment and power lines.

The article reports that XTO Energy Inc., a Fort Worth, Texas-based independent oil and gas producer, disclosed an 18 percent decline in its 2007 first-quarter profit pointing to lower natural gas prices as the cause. The average price for natural gas in the quarter fell 19 percent. Revenues fell as well, dropping by 4 percent.

The article discusses the spending plans of Exxon Mobil Corp., an oil and gas producer. Rex Tillerson, chairman and chief executive officer, reveals that Exxon will continue high levels of capital spending. The company produces about 3 percent of the world's oil and is projected to expand in mature markets such as North America, Australia and the North Sea, as well as in the Middle East, West Africa, and Russia.

The article reports on the sale of interests of Maverick Oil & Gas Inc. in the Barnett Shale properties in Wise County, Texas. The company did not reveal the buyer of the properties at the request of the purchaser. Since the company's only stake is its interest in the Wise County properties, the company will be out of the Barnett Shale play. The closing of the deal is expected in April 2007.

The article focuses on the increase in oil and gas production costs in Barnett Shale, Texas as of March 2007. According to consulting firm IHS and the Cambridge Energy Research Associates (CERA) which tracks key cost areas for offshore and land-based projects using the IHS/CERA Upstream Capital Costs Index (UCCI), costs increased by 13% more compared to the previous year. Chesapeake Energy Corp., which has adequate financing, recommends working on large projects.

The article focuses on the financial performance of Exxon Mobil for the year ending 2006. The company has posted a profit of $39.5 billion even though earnings in the last quarter of 2006 declined by 4 percent. Exxon's fourth-quarter earnings from oil and gas exploration fell to $818 million. The majority of the company's earnings came from overseas operations.

The article focuses on the North American Prospect Expo (NAPE) to be held at the George R. Brown Convention Center in Houston, Texas beginning February 1, 2007. The event is considered as a marketplace for the buying, selling and trading of oil and gas prospects and producing properties. The success of the event is indicated by the growth in attendance, according to Robin Forte, executive vice president of the American Association of Professional Landmen.

The article presents the author's views on the termination of the U.S drilling rig count. A number of rigs that operates in Texas has increased to 991 in 2006 and have reached 897 in 2005. In a survey by Baker Hughes Inc. in Houston, Texas, the rig counts measures the number of operating drilling rigs in North America.

The article focuses on the Council of Petroleum Accountants Societies (COPAS), the organization of the accounting industry that focuses on energy accounting. It notes that COPAS has 23 different local groups, including one in Fort Worth, Texas. According to group president Jeff Alcott, the demographics of the group have changed as the industry has downsized and outsourced some functions. The group is developing a method to deal with fluctuations in the price of oil country tubular goods (OCTG).

The article reports that Petroleum Technology Transfer Council (PTTC) is seeking support to continue its research and development work for independent oil and gas operators. PTTC lost its federal funding from that U.S. Department of Energy. The organization has played a role in the technology transfer in the shale gas movement. PTTC is visiting various regions across the U.S. for support.

The article reports on an oil and gas lease agreement secured by Quicksilver Resources of Fort Worth and Marshall R. Young Oil Co. of Brownfield, Texas from the city council of Arlington. Under the agreement, 27.7 percent royalty on oil and natural gas sold the by companies will be given to the council. The agreement is compared to the deal between Chesapeake Energy Corp. and the Dallas/Fort Worth International Airport. The total area being leased by Quicksilver and its partner Young is 4,800 net acres.

The article reports on the joint venture formed by Lone Star Technologies of Dallas with Hunan Valin Steel Tube & Wire Co., a steelmaker in China, to improve its ability to supply local oil and gas producers with oilfield steel products and to gain better access to the Chinese market. As part of the agreement, Lone Star will initially acquire a percentage in one of Valin Tube and Wire's subsidiaries, Hengyang Valin MPM Steel Tube Co.

Presents news briefs on petroleum industry in Fort Worth, Texas, as of July 2006. Acquisition of Master Wireline LP by Gray Wireline Service; Decision of ConocoPhillips to exercise its option to acquire a certain percentage of interest in the Rockies Express Pipeline project; Appointment of E. Marc Cuenod Jr. as head of the energy division at Wells Fargo Energy Group in Houston.

Presents news briefs on the petroleum industry in the U.S. Decision of El Paso Corp. to extend the binding open season for a project under development by its subsidiary Continental Connector Pipeline Co.; Acquisition of the Bowie Dozer Service of Bowie and Decatur by Stallion Oilfield Services Ltd.; Speakers for the midyear meeting of the Independent Petroleum Association of America.

Presents news briefs on the oil and gas industry in Texas as of May 22, 2006. Agreement entered into by Petrosearch Energy Corp. with Exxon Mobil Corp. and others that calls for all the parties to participate in drilling within the Barnett Shale project; Relocation of the Williams Exploration & Production office in Fort Worth; Investment made by Chevron Corp. in a Texas-based company that is building one of the first large-scale biodiesel plants in the U.S.

Presents news briefs on energy industry in Texas. Move of oil and gas producer XTO Energy to add price hedges for future sales of natural gas and oil production through 2008; Committee appointed by the Texas Railroad Commission to help it with a study to determine whether viable competition exists in the Texas natural gas pipeline industry; Rank of Tarrant County in natural gas production in February 2006 based on data from the Texas Railroad Commission.

Presents news briefs on the oil and gas industries in Texas as of May 8, 2006. Acquisition of all the common stock of Globe Well Service by Basic Energy Services; Decision of Lone Star Steel Co. to enter into a strategic alliance with Apolo Tubos e Equipamentos; Addition of Kyle D. Vann to the board of directors of Crosstex Energy GP and James C. Crain to the corporate board of directors of the company.

Presents news briefs on the Texas oil and gas industry as of April 24, 2006. Agreement of Bill Barrett Co. of Denver, Colorado to buy CH4 Corp., an independent oil and gas producer; Announcement by Spindletop Oil & Gas Co. that it has drilled its Olex #5 well in the Newark, East gas field of North Texas; Lawsuit filed against Cano Petroleum over a fire near its pumps in the Texas Panhandle.

Presents news briefs on the oil and trade industry in the U.S. as of April 2006. Deal signed by Encore Acquisitions with ExxonMobil for the development of seven natural gas fields in West Texas; Bond sale by natural gas producer XTO Energy; Plans of Platinum Energy Resources to acquire Tandem Energy Holdings.

Presents news briefs on the oil and gas industries in Texas as of March 20, 2006. Update on the operations of Midland-based Parallel Petroleum Corp. in 2006 including the drilling work in the Barnett Shale; Impact of brush fires in Panhandle on the operations of Fort Worth-based Cano Petroleum.

Presents updates on the petroleum industry in Texas as of March 13, 2006. Appointment of petroleum engineer and attorney Roger Williams as CEO at Wentworth Oil Sands Inc.; Entry of Lexington Resources into a definitive exploration agreement with Dylan Peyton LLC.