Carrizo Oil & Gas, Inc. and Avista Capital Partners announced that they have entered into a joint venture to pursue growth opportunities in the Marcellus Shale. Under the terms of the agreement, Carrizo and Avista have each committed to contribute up to $150 million in cash and properties to acquire and develop acreage in the [...]

Chesapeake Energy Corporation and BP America announced the execution of a Letter of Intent for a joint venture whereby BP will acquire a 25% interest in Chesapeake’s Fayetteville Shale assets in Arkansas for $1.9 billion. The assets have current daily net production of approximately 180 million cubic feet of natural gas equivalent and include approximately [...]

Chesapeake Energy Corporation announced that it has closed the sale of its Arkoma Basin Woodford Shale assets to BP America Inc. for approximately $1.7 billion in cash.
Aubrey K. McClendon, Chesapeake’s Chief Executive Officer, commented, “We are pleased to announce the completion of the sale of our Arkoma Woodford properties to BP. This transaction was an [...]

STW Resources, Inc. (“STW”) announced that it has brought on the following influential outside directors to advise it on its oil and gas water recycling operations. “These directors are key legislative and industry advisors who bring unique contributions to STW’s future success,” said Stanley T. Weiner, STW’s Chairman and Chief Executive Officer.
The Honorable Bill Carter [...]

ReoStar Energy Corp has just published the results of its operations for the Fiscal Year (FY) ended March 31, 2008. The Company’s previous fiscal year-end for 2007 reflects activity only for the three months ending March 31, 2007 due to the accounting treatment of the partnership interests merged into the Company. In certain instances, the [...]

Storm Cat Energy Corporation provided an update of its operations in the Company’s Arkansas Fayetteville Shale acreage.
The first three of the Company’s 2008 Fayetteville development program wells are now on production and tied into sales, two of which have undergone State of Arkansas Form 13 testing. Each well continues to produce significant volumes of fracturing [...]

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 [...]

The Arkansas Department of Environmental Quality is working to establish guidelines for drilling companies along the Fayetteville Shale.
Companies must now obtain permits from the state’s Oil and Gas Commission to drill for natural gas in the formation, which stretches across much of northern Arkansas. They also must get letters of authorization from the state to [...]

The Arkansas Department of Environmental Quality is revamping proposed regulations that would provide uniform rules for drilling companies along the Fayetteville Shale, Director Teresa Marks said Friday.
Over the next few weeks the department will work with industry representatives and others to revamp the regulations that were first proposed earlier this month, Marks told members of [...]

EESV announced that the recent Integration Hearing before the Arkansas Oil & Gas Commission (”AOGC”) resulted in a favorable Order for EESV and its partners. As a result of the completion of this final administrative step required for drilling, EESV’s Fayetteville Shale investment is moving forward. Drilling in the Fayetteville Shale should commence on or [...]