OKLAHOMA CITY -- In conjunction with its 2008 Annual Meeting of Shareholders, Chesapeake Energy Corporation (NYSE:CHK) today provided an update on its activities in its significant Haynesville Shale discovery in Northwest Louisiana and East Texas. In the past month, the company has successfully completed two additional horizontal wells in the...
The Company: Chesapeake Energy, the third-largest natural gas provider in the United States. The Filing: Form 8-K filed on July 2, 2008 The Finding: Plains Exploration and Production is purchasing a 20 percent stake in Chesapeake Energy's emerging play, Haynesville Shale, for $1.65 billion. Despite its...
PLANO, Texas -- Xtreme Oil & Gas, Inc. (Pink Sheets: XTOG) is pleased to announce that it has entered into a contract to purchase and develop approximately 936 acres in the Haynesville Shale. Xtreme's target in the Haynesville Shale is to acquire 50,000 acres. Xtreme Oil & Gas...
HOUSTON, Aug. 26 /PRNewswire-FirstCall/ -- Plains Exploration & Production Company ("PXP" or the "Company") announces that a representative of the Company is scheduled to present at the 2008 Lehman Brothers CEO Energy/Power Conference on Tuesday, September 2, 2008 at 4:20 p.m. Eastern time. A live webcast...
CARENCRO, La., Aug. 21 /PRNewswire-FirstCall/ -- OMNI ENERGY SERVICES CORP. announced today that it has been awarded a contract with a leading seismic data acquisition company to perform a major seismic drilling project in the north Louisiana Haynesville Shale area. The contract will generate approximately $5 million in...
The Louisiana Mineral Board posted its second highest mineral lease sale on record this month, thanks in large part to interest generated by a natural gas discovery in the northwest portion of the state. The Mineral Board on Wednesday collected $93.8 million, nearly double the $48.7 million...
Increased production and higher prices for oil and natural gas boosted second-quarter profits for Devon Energy, and the company announced it has 73 trillion cubic feet of gas in place in the Haynesville Shale. Devon revealed it has 483,000 net acres in the Haynesville of eastern Texas...
DENVER and HOUSTON, Aug. 5 /PRNewswire-FirstCall/ -- DCP Midstream Partners, LP , or DCP, and M2 Midstream LLC, or Momentum, today announced they have signed an agreement to pursue development of a new large diameter natural gas pipeline to move gas from the emerging Haynesville Shale play in North...
HOUSTON, Aug. 5 /PRNewswire-FirstCall/ -- Mainland Resources, Inc., a Nevada corporation (the "Company") (OTC Bulletin Board: MNLU; 5MN-Frankfurt) and Petrohawk Energy Corporation ("Petrohawk") have signed a definitive binding agreement for the joint development of the Haynesville Shale on Mainland Resources' properties ("the Leases") in De Soto Parish, Louisiana...
The Barnett Shale of north Texas is the still the king of the unconventional natural gas plays in the country, but Aubrey McClendon said another play could ultimately have a worldwide reach. The Haynesville Shale area of northwestern Louisiana and far eastern Texas has been on the...
MEMPHIS, Tenn., July 31 /PRNewswire-FirstCall/ -- International Paper has agreed to sell approximately 13,000 net acres of subsurface mineral rights located in the Haynesville Shale natural gas formation in northwest Louisiana to Chesapeake Energy Corporation for approximately $263 million, subject to various adjustments at closing. The transaction...
Wall Street News Alert's "stocks to watch" thismorning are: American Capital Partners Limited, Inc. (PINKSHEETS: APRJ),Exxon Mobil Corporation (NYSE: XOM), Chesapeake Energy Corporation (NYSE: CHK) and Schlumberger (NYSE: SLB). To receive FREE Stock Alerts, text the word "STOCK" in the subject line to79704. There is important news coming...
HOUSTON, July 8 /PRNewswire-FirstCall/ -- Goodrich Petroleum Corporation announced today the pricing of its previously announced offering of 3,000,000 shares of its common stock pursuant to a registration statement filed with the Securities and Exchange Commission. All of the shares offered will be...
CHICAGO -- Zacks.com announces the latest list of top performing Zacks #1 Rank ("strong buy") stocks. The stocks on the prestigious list with the highest returns last week were Somanetics Corporation (NASDAQ: SMTS), GMX Resources, Inc. (NASDAQ: GMXR), America's Car-Mart, Inc. (NASDAQ: CRMT), The9 Limited (NASDAQ: NCTY)...
OKLAHOMA CITY -- Chesapeake Energy Corporation (NYSE:CHK) today announced that it intends to commence a public offering of 25 million shares of its common stock. Chesapeake intends to use the net proceeds from the offering to temporarily repay outstanding indebtedness under its revolving bank credit facility which...
OKLAHOMA CITY -- Chesapeake Energy Corporation (NYSE:CHK) today announced the appointment of V. Burns Hargis to the Chesapeake Board of Directors effective September 15, 2008, to serve until the 2009 annual meeting of shareholders when he will stand for election by Chesapeake's shareholders. Mr. Hargis currently serves...
HOUSTON, July 7 /PRNewswire-FirstCall/ -- Goodrich Petroleum Corporation ("GDP") today announced that it has commenced an underwritten public offering of 3.0 million shares of its common stock. The underwriters for the offering will also have the option to purchase up to 450,000 additional shares...
SALT LAKE CITY -- Questar Corporation (NYSE:STR) today provided revised estimates of net probable and possible reserves and petroleum resource potential for affiliates Questar Exploration and Production Company (Questar E&P) and Wexpro Company Wexpro. The company last provided estimates for Questar E&P non-proved reserves in July 2006,...
DALLAS -- Mainland Resources Inc. (OTCBB: MNLU) has been rated Speculative Buy with a price target of $7.00 by Beacon Equity Research Analyst, Lisa Springer, CFA. The full report is available at http://www.beaconequity.com/adpages/MNLU. Anyone interested in receiving alerts regarding Mainland Resources Inc. research...
The Wednesday, July 2, 2008 Sidewinder Video Report CHICAGO -- The Sidewinder Report, the www.onn.tv daily options news program recorded live on the floor of the Chicago Board Options Exchange, today examined options trading in the following securities: Chesapeake Energy Corp CHK ...
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