Lucas Energy, Inc. (NYSE MKT: LEI) (“Lucas” or the “Company”), an independent oil and gas company with its operations in central Texas, today announced that its wholly-owned subsidiary, CATI Operating, LLC (“CATI”), entered into an agreement with its senior lender, as evidenced by a promissory note, to borrow $1 million, effective August 15, 2016. The Company plans to use the funds to participate in the drilling and completion of certain
25+/‐ unleased net mineral acres in Church District, Wetzel County, West Virginia. EQT Corporation has a 2‐inch diameter, gathering system field line crossing the property and the Columbia Pipeline Group has a 12‐inch diameter transmission/trunk line crossing the property. Statoil USA, Southwestern Production Company, Vantage Energy, Rice Drilling LLC and Chesapeake Appalachia all have notable wells within 12 miles of this acreage. Statoil USA: NE Joliffe Exec Est. Unit has 1 producing well
LandLine News enjoyed having a booth at Summer NAPE 2016. We came with ten YETI tumblers and two different YETI coolers to give away to twelve lucky winners. All winners have been emailed and will be receiving their prize soon! Many people who came by were interested in the acreage from sale from CX Energy and freebies provided by our sponsor, Pettigrew & Pettigrew Land Services. If are interested in becoming
Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or “the Company”) today announced the signing of a definitive purchase and sale agreement to acquire approximately 18,000 net acres primarily in southern Canadian and northern Grady Counties in Oklahoma for $136.5 million. The Company anticipates the transaction will close by the end of September, subject to completion of due diligence, satisfaction of customary closing conditions and obtaining certain consents. Highlights Enhances Midcontinent position
Continental announced today that it has signed a definitive purchase and sale agreement with an undisclosed buyer to sell non-strategic properties in North Dakota and Montana for $222 million. The sale includes 68,000 net acres of leasehold primarily in western Williams County, North Dakota, and 12,000 net acres of leasehold in Roosevelt County, Montana. The sale also includes net production of approximately 2,800 barrels of oil equivalent (Boe) per day.
The current profit decline in the oil and gas industry is driving every business to significantly cut overhead costs. You, too, have probably already cut costs in every seemingly feasible area of your business; however, one area has been most certainly overlooked in your budget downsizing. Have you considered that you might be spending more than needed to send your Royalty and Working Interest payees information and money? What if there
Tuesday, August 23, 2016 Petroleum Club Total Plaza 1201 Louisiana, Houston, TX 77002 TOP FLOOR VALET PARKING AVAILABLE Luncheon (11:15am-1:00pm) Topic: OCS lease sales & the contracts involved in bringing an OCS prospect on line for first production Speakers: Bill Moore, Statoil Credits: NADOA/CDOA – pending CPLTA – pending Menu: Mixed Greens with house dressing Stuffed Pork Chops Classic Cheese Cake REGISTER: www.altahouston.org
Friday, November 18, 2016 8:30 am – 4:30 pm Full list of locations to be determined. Fees: Exam: $60.00 (Members) $75.00 (Non-Members) – Payable to NALTA
Review Dates: Monday & Tuesday, November 14th & 15th, 8:00 am – 5:00 pm (2 day review) Apache Corporation 2000 Post Oak Blvd., Main Floor – Room 108 Houston, TX 77056 Fees: Study Group & Review: $50.00 – Payable to ALTA Please reserve your spot for the review by sending an email to Lori at email@example.com.