Posts Tagged ‘texas-based’

Memorial to buy offshore California blocks

by on November 20, 2012 7:28 am BST
Under the agreement, Texas-based Memorial will pay a purchase price of $271 million for the blocks, including $3 million of working capital and other adjustments.Known as the Beta properties, the acquisition comprises a 51.75% operating interest in three Pacific Outer Continental Shelf blocks covering the Beta field, located

Oil States treated to strong quarter

by on October 31, 2012 9:26 pm BST
The Arlington, Texas-based company posted net income of $103.8 million in the three months to September, up from $91.8 million in the year-ago period.The company also achieved a offshore projects backlog of $597 million, as the “outlook remains robust and bidding and quoting activity is very strong,

Strike to begin fracking in Texas

by on September 18, 2012 6:28 am BST
The Australia-listed player has a 27.5% stake in the Eagle Landing joint venture, which operates the 151.3-square kilometre project within the northern Lavaca and southern Fayette counties in Texas. Four Texas-based companies hold the remaining interests in the venture.The frac programme is scheduled to start at the

Pemex in deal for fracking ‘alternative’

by Forex Rooton August 10, 2012 5:45 pm BST
The Texas-based start-up said its technology uses no water but rather heat to open up hard-to-reach oil and gas reservoirs, an approach which it claims will avoid adverse environmental impacts.Water supplies, as well as contamination fears, have been a major concern by companies and environmentalists