The letters — one in English, the other in Spanish — arrived in the same envelope.
The English version offered to lease mineral rights from homeowners in the Rolling Hills neighborhood for 22.5 percent royalties and a $300 signing bonus.
The Spanish version offered the same bonus, but only 20 percent in royalties.
“I was appalled,” said homeowner [...]
Orbit has almost completed Phase I of well activation for the Orbit Petroleum Partnership Joint Venture according to Mike Hughes, Production Superintendent for Orbit Petroleum, Inc.
This program was begun in late 2005 with the drilling of the test well, the James McFarland A#5 to confirm the Company’s prior test of commercial viability of the deeper [...]
Dallas-based TXU faces a possible lawsuit over its plans for a coal-burning power plant in Central Texas – a lawsuit financed by a Dallas oilman and developer with ties to top GOP officeholders and Texas environmentalists.
Albert Huddleston, a major campaign donor to President Bush and Gov. Rick Perry, is also a partner with musician [...]
Abraxas Petroleum has closed on the sale of certain non-core assets located in South Texas for a total consideration of $12 million, subject to closing adjustments. The effective date of the sale was August 1, 2006.
The non-core assets were located in the Three Rivers (Edwards) Field of Live Oak County, Texas and represented less than [...]
Lexington Resources, Inc.’s (OTC Bulletin Board: LXRS; Frankfurt, Berlin: LXR) (the “Company”), announces the following with respect to drilling project interests in progress:
Oklahoma
New Well interest - Gates 2-19 horizontal Coal Bed Methane (”CBM”) well: Following from the successful Gates 1-19 horizontal coal bed methane (”CBM”) gas well recently completed by Orion Exploration, LLC, the Company [...]
Greater Sooner Holdings, Inc. has announced that the Texas Railroad Commission has authorized the Company as a registered oil and gas Operator in the state of Texas. With this important step now complete, the Company is enabled to execute field operations to produce the estimated $285,000,000 in probable reserves from Clayton Field project area in [...]
