U.S. Energy Corp., a diversified natural resource company with interests in molybdenum, oil and gas, gold, and real estate, today provided a review of 2007 results and an update on current operations for its primary business segments.
Review of 2007 Accomplishments
The year ended December 31, 2007 was the most profitable in U.S. Energy Corp.’s history, due [...]

JC Data Solutions, Inc., a Manufacturer and Distributor of document management systems, announced today that it will provide Automated Clearing House Deposit (ACH) services for a Dallas-area independent energy company engaged in the exploration, production, development and acquisition of crude oil and natural gas.
The software, designed by JCDS for the Oil & Gas Industry, connects [...]

Chesapeake Energy Corporation announced that it has acquired or has agreed to acquire approximately 8,500 net undeveloped leasehold acres in the heart of the Barnett Shale play in Tarrant County, Texas, from Four Sevens Resources Co., Ltd., Sinclair Oil & Gas Company and several of their affiliates and partners. In addition, Chesapeake announced that it [...]

Oil giants ConocoPhillips and Exxon Mobil Corp. are set to withdraw from their joint venture projects in Venezuela’s Orinoco basin.
The two companies refused to sign deals Tuesday that would see the Venezuelan government taking majority stakes in their Orinoco projects.
Four other oil majors, U.S.-based Chevron Corp.; Britain’s BP Plc; France’s Total SA; and Norway’s Statoil [...]

In Texas, it seems they’ll drill for oil and gas just about anywhere.
The state’s thirst for petroleum products was underscored on Tuesday when the Chesapeake Energy began drilling operations at an unlikely location — the Dallas/Fort Worth (DFW) International Airport.
Roughnecks lowered a massive gold drill bit into the soil near one of the runways [...]

Caesar Petroleum Systems, LLC participated in the presentation of a technical paper related to shale gas economics at the 2007 Society of Petroleum Engineers (SPE) Hydrocarbon Economics and Evaluation Symposium (HEES), being held in Dallas, Texas, April 1-3. The conference theme was titled “Unconventional Economics.”
SPE Paper 108053, “A Probabilistic Approach to Shale Gas Economics,” was [...]

Houston - Accounting, tax and business advisory firm Grant Thornton LLP announced recently that, according to its 2007 Survey of Upstream U.S. Energy Companies, the top concern among energy executives is the uncertainty of natural gas and oil prices in the near future.
More than 80 companies (40 percent public and 60 percent private) responded to [...]

HOUSTON – Texas, as everyone knows, does everything big. Its giant oil and gas fields dominate America’s energy patch. It is now the nation’s largest wind producer, with more than 2,000 turbines gathering some of the country’s strongest currents. It gets the booby prize for being the biggest producer of greenhouse gases.
And now [...]

TXU Corp. received permission Wednesday to move forward with plans to construct a coal-fired power plant in Central Texas. The plant is one of three that the company’s prospective new owners still plan to build.
A federal judge in Austin approved a settlement Wednesday among TXU, the Justice Department and Alcoa Inc. that allows TXU to [...]

WACO — On the eve of hearings on six of the 11 coal-burning power plants that TXU wants to build in a hurry across the state, a judge in Austin ruled that Governor Rick Perry never had the authority to fast-track permits for the new plants in the first place.
It is unclear whether Goliath will [...]