Tuesday, May 22, 2012

Williams Sells Off Assets In The Barnett Shale

WPX aka Williams Gulf Coast Production has sold off their assets in Flower Mound and across the Barnett Shale to KKR Kohlberg, Kravis & Roberts and their partner Premier Natural Resources.

The sale includes approximately 27,000 acres in the Barnett shale in north Texas and eastern Oklahoma. The deal also includes approximately 66,000 acres in the Arkoma shale in western Arkansas and eastern Oklahoma.

Read more here: http://www.star-telegram.com/2012/04/02/3854910/kkr-natural-resources-buys-more.html#storylink=cpy

Read more here: http://www.star-telegram.com/2012/04/02/3854910/kkr-natural-resources-buys-more.html#storylink=cpy
Click here to read article in the Star Telegram.
Click here to read article at Yahoo Finance.

Click here for Premier Natural Resources website.

Sunday, May 20, 2012

"Special" Flower Mound Town Council Meeting, Tuesday, May 22nd

A "special" Town Council meeting will be held Tuesday, May 22nd from 6:00pm to 8:00pm. The meeting will take place at Fire Station # 1 located at 3838 Forums Drive, FM, TX.

The meeting is not on the town calendar but is on the agenda and minutes page in the government section of the town website. Click here to see agenda.

This meeting will be conducted by the new town council. Please pay attention to the items to be discussed.

Item #5 is a discussion about the newly adopted charter amendments and item #14 is about the newly adopted Oil and Gas Ordinance along with pending litigation.

Friday, May 18, 2012

Atlas Resources Acquires Titan Operating Barnett Shales Assets

Atlas Resource Partners acquired Titan Operating Barnett shale assets. This includes proved reserves in the Barnett shale in the Fort Worth basin and what Atlas claims could be 335 potential undeveloped drilling locations. Nothing has been said whether this includes the Hilliard and Powell sites here in Flower Mound but most likely it does.

Wow, 335 potential undeveloped drilling locations? It is hard to believe that there could possibly that many locations that have not been drilled in this area.

Good thing we have a strong Oil and Gas Ordinance in Flower Mound. Let's hope it stays that way.

Click here to read article.
Click here to read about Atlas' Corporate Executives.

Monday, May 7, 2012

Gas Drilling and Lakeside DFW????

Is there a possibility gas drilling leases could be signed at Lakeside DFW?

Lakeside DFW developer Realty Capital has a history signing leases under their developments.

Click here, here, here, here, here, here, and here to see lease mineral deed info on Realty Capital properties just in Denton County.

Two weeks ago, Titan postponed the hearing for the Titan Powell Pad Site (barely 1000 feet south from Shadow Ridge Middle School) against the Town of Flower Mound until the elections are over. Lakeside DFW could easily be accessed from Powell site. This would bring drilling very close to Shadow Ridge Middle School and Bluebonnet Elementary.

Right now is the time to take a hard look at the candidates that are running for election.

Do you want those candidates that have a record of supporting gas drilling companies but are promising to do the right thing now?

Candidates who have lost their direction and being supported and endorsed by past council members and residents who are pro drilling?


Do you want those that have a proven track record of protecting the town and have delivered everything they promised like Mayor Northern, Council Member Filidoro and Council Member Lyda?