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Odessa American in Odessa, Texas

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Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Dec 08, 2013

Page

10

Texas oil and gas production and permits for Sept Oct 2013

Texas averaged 822 active land rigs as of Nov 15 2013 about 49 percent of US rigs. Over the last year Texas produced 666 million barrels of oil and 6.3 trillion cubic feet of natural gas. Preliminary September 2013 crude oil production reached 53.9 million barrels and gas well gas 463.98 billion cubic feet. The Railroad Commission set December 2013 gas production allowables at 7.73 billion cubic feet. October 2013 drilling permits totaled 1,735 with 1,517 oil and gas wells. Total 2013 year to date well completions stand at 21,432.

Austin Texas United States Commission Texas Railroad Commission Oil and Gas Division Texas Oil and Gas

Gift Card Buying Tips From BBB for Holidays

Patton, Regional Director of BBB Permian Basin, urges buyers to choose gift cards wisely. Review BBB Business Reviews, read fine print, beware fees and expiration dates, inspect cards, keep receipts, prove purchase, use promptly, and report lost or stolen cards to issuers.

Patton Permian Basin Better Business Bureau Bbb.org National Retail Federation NRF Central Texas BBB

Venezuelan businessman charges dropped in kickback scheme

Venezuelan businessman Alireza Etessami had three conspiracy and wire fraud charges dismissed after restitution payments. The 2011 arrest was part of a seven defendant case over a scheme that funneled more than $20 million to secure oil transport contracts from Venezuela to Houston. Etessami was said to know of the kickbacks and to assist sending money to another defendant. Four co-defendants pleaded guilty.

Houston Alireza Etessami Venezuela Etessami

Phillips 66 Opens $2 Billion Share Buyback Program

Phillips 66 board approves a new $2 billion share repurchase plan and notes total authorizations of $5 billion since Q3 last year. The Houston refiner aims to boost earnings per share by reducing shares outstanding, while critics claim repurchases may not lower share counts due to potential secondary issuances for employee compensation.

Phillips 66 Houston Houston Company

U S Rig Count Rises to 1775 With Oil and Gas Rigs Up

Baker Hughes reports US active rigs up 12 this week to 1775 with 1397 drilling for oil and 375 for gas. Minor changes include Louisiana and Pennsylvania down two rigs each while Colorado and North Dakota down one. The peak was 4530 in 1981 and the low 488 in 1999.

Houston Oilfield Baker Hughes Inc Oil and Gas West Virginia Louisiana Pennsylvania Colorado North Dakota Arkansas Kansas New Mexico Ohio Wyoming

Permian Basin Drilling Report Sees Numerous New Drills

The Texas Railroad Commission approved multiple permit applications from Nov 28 through Dec 4 across Districts 70, 8 and 8A. Listed are Abaco Operating LLC Patricia Dawson New Drill. Apache Copeland 27 Glasscock New Drill. Brigham Resources Hall 28 Pecos New Drill. Devon Janice Ector New Drill. Energen San Jacinto NS 36-37 Glasscock New Drill. EP Energy University East Crockett New Drill with six permits. and many more from Cimarex, ConocoPhillips, Diamondback, Occidental, OXY USA, Parsley Energy, Pioneer, SandRidge, and XTO Energy among others.

Texas Railroad Commission Abaco Operating LLC Patricia Dawson New Apache Corporation Copeland Glasscock Frances Gunn Howard Weatherby Reagan Nichols Sau Sid North Approach Operating LLC Pangea West Crockett Athion Fe Operating LLC Clark 1 New Drill Brigham Resources Operating LLC Hall 28 Pecos New Dall ConocoPhillips Company University Andrews Andrews Devon Energy Production Co. LP Janice Ector Diamondback E&p LLC US Mason Eagle Rock Operating Company LLC Richter Louis Ward Elco Oil & Gas Hasty Tom Green Endeavor Energy Resources LP Mabee Midland Cordes Upton Energen Resources Corporation Sabine Laredo Petroleum Inc JE Cox-Blanco Alloc J.E.W Glass 191 Merit Energy Company Reed Brothers DE Midenergy Operating LLC Earnest ‘T Midland Oil and Gas Inc Richardson Edwin S Explorations Inc James T. Padgitt Occidental Permian Ltd Cogdell Canyon Reef Kent South Curtis Ranch OXY USA Inc Crane University Carol Martin OXY USA Wtp LP Sharon Ridge Canyon Scurry Parsley Energy Operations LLC Shackelford Piedra Operating LLC Holt Ranch Pioneer Natural Resources USA Inc Brooks ‘A Donald L Hutt C Lemon Cowden ‘F Louder Pitts Energy Co Primexx Operating Corporation Reeves Resolute Natural Resources Co. LLC Harrison State Saga Petroleum LLC of Colorado Shipley Queen Sand SandRidge Exploration and Production LLC Munger Nix Leona C. Andrews University Lockhart Leona A. Andrews Santo Petroleum LLC Geraldine Kepler Lubbock Steller Energy & Investment Corp Stewart

Also Mentioned on This Page

Karnes la Salle Gonzales de Witt Dimmit Gaines McMullen Tarrant Webb Johnson Panola Wise Denton Wheeler Freestone District Rrc San Antonio Refugio East Texas San Angelo Lubbock Area North Texas Panhandle THE Associated Press PHILL U.S Alabama Alaska Arizona Tennessee California Middle Upper Florida Lower N.E Georgia Hawaii Far West Idaho Winois North Indiana Kentucky S. Louisiana Washington State Maryland Michigan Montana Canada Nebraska Barre Taes Gost Tae STS Sons Sues West Texas West Texas Sour Permian Basin Drilling Report Burlington Resources Oil & Gas Co Waddell WN Waddell, W.N Capstone Natural Resources LLC White J.M Chevron U.S.A. Inc Lupin Four Corners Cimarex Energy Co Buckin Chute COG Operating LLC TXL Armstrong N Culberson Wetherbee Captain Call Sallie 13 Pegasus Field EOG Resources Inc Gemini Loving EP Energy E&p Company LP University East EXCO/HGI JV Assets LLC Sugg Farmar Irion Forge Energy LLC Hunt Oil Company JM Cox Resources LP Jesse McArthur Kinder Morgan Production Co. LLC Yates Thompson J. Cleo Okapi Abel G.W. Glass Richard W Unitex Oil & Gas LLC Ellis-Gray W&t Offshore Inc Chablis, Martin XTO Energy Inc San Pedro Ranch Railroad Commission Odessa Hobbs N. FM
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