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Tag Archives: Haynesville shale

Goodrich Petroleum among recent energy companies delisted from New York Stock Exchange

crude prices rise

Goodrich Petroleum Corp., a Houston-based oil and gas producer, is the latest victim of low oil prices. The price of WTI slipped below $30 yesterday, and an impending rebound doesn’t seem likely. The company noted in a press release Goodrich it was removed from the New York Stock Exchange for “abnormally low price levels,” closing at only 16 cents on ...

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Louisiana oil and gas lease sales slump in September

BATON ROUGE, La. — Sales of oil and gas drilling rights on Louisiana state and local lands fell to $476,400 in September. The state saw relatively lucrative lease sales in June and August despite falling oil prices. NOLA.com/The Times-Picayune reports the Louisiana Mineral and Energy Board awarded 10 leases covering nearly 1,600 acres during the Sept. 9 sale. The four ...

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Encana selling Louisiana assets for $850 million

NEW YORK  — Energy company Encana Corp. is selling its Haynesville natural gas assets in Louisiana in northern Louisiana to GEP Haynesville LLC for $850 million. The assets being sold include about 112,000 acres. Encana will use the proceeds from the sale to reduce debt. GEP Haynesville is a joint venture formed by GeoSouthern Haynesville LP and funds managed by ...

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America Resources Exploration arrives in Haynesville

Notice a lot of down and out oil companies lately looking to divest their assets? That’s exactly where you’ll find America Resources Exploration, Inc. (AREN) looking as it seeks to acquire new assets. It’s a successful strategy if a company can afford it. Buy while prices are low. America Resources recently purchased in two gas wells in Shelby County, Texas. ...

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North Louisiana sees return to Haynesville, “mini-boom” in Cotton Valley

Like many oil and gas companies, Comstock Resources Inc. struggled through the first quarter of 2015. The Frisco-based company announced a $78.5 million loss for the quarter last week, having taken a beating from low commodity prices across the board. During the first quarter, Comstock produced roughly 91 million cubic feet of natural gas per day (MMcf/day) and 115 thousand ...

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Encana looking for buyers, seeks to exit Haynesville

Encana Corp is looking to tighten its portfolio to focus on its key areas in Texas and Canada, but that means getting rid of assets which don’t fall within those areas. Unfortunately, that includes the company’s acreage in the Haynesville Shale. According to Bloomberg, sources have stated that the Canada-based company is looking for prospective buyers for its Louisiana assets, ...

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Louisiana stocks trailing behind nation amidst commodity lows

Although Louisiana hasn’t seen the same hard-hitting slowdown causing jobs to be dropped like hot potatoes across the nation, businesses in the state are still seeing adverse effects of continued low oil prices. A set of 24 publicly traded companies tracked by The Advocate in what the news source calls the Pelican State Portfolio collectively showed a 6.9 percent decrease ...

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