AGR Tools Enters LOI to Acquire 700 Acre Oil Lease in Tennessee – MarketWatch (press release)

AGR Tools Enters LOI to Acquire 700 Acre Oil Lease in Tennessee
MarketWatch (press release)
DALLAS, TEXAS, May 30, 2012 (MARKETWIRE via COMTEX) — AGR Tools Inc. (or "AGR" or the "Company") (otcqb:AGRT) (OTN:AGRT) has entered into a letter of intent with Consolidated Oil and Gas (or "COGC") to acquire a 80% ownership interest in the 700 acre
AGR Tools Continues to Rally (AGRT)SmallCap Network

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Iraq Pressures Western Oil Companies In Dispute With Kurdistan – International Business Times


International Business Times
Iraq Pressures Western Oil Companies In Dispute With Kurdistan
International Business Times
Iraqi officials on Tuesday said their country's next oil lease auction will restrict companies' ability to sign contracts with Iraq's semi-autonomous northern region of Kurdistan. The Iraqi Oil Ministry inserted a clause that gave ministers the

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2 Railroad Commission seats headed toward runoffs – San Angelo Standard Times


Fort Worth Star Telegram
2 Railroad Commission seats headed toward runoffs
San Angelo Standard Times
By AP AUSTIN — A pair of runoff elections will decide the Republican nominations for two seats up for grabs on the Texas Railroad Commission, which has nothing to do with trains but regulates oil and gas exploration statewide.
Texas Railroad Commission chairman headed to runoff; agency oversees oil, gas The Republic
Primary Results: Two Railroad Commission Races Headed For a RunoffStateImpact Texas
Craddick wins Railroad Commission GOP nominationAustin American-Statesman
Fort Worth Star Telegram –Midland Reporter-Telegram
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Texas Railroad Commission candidates fire at feds – Austin American-Statesman


abc13.com
Texas Railroad Commission candidates fire at feds
Austin American-Statesman
Mix it together and you've got the Republican primary for the Texas Railroad Commission, an agency that doesn't' have anything to do with railroads but regulates the state's vital oil and gas industries. The board has three rotating members.
At the Texas Railroad Commission, the public comes lastFort Worth Star Telegram

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Chesapeake puts East Texas oil assets up for sale – MarketWatch


Globe and Mail
Chesapeake puts East Texas oil assets up for sale
MarketWatch
Chesapeake, the second-largest natural gas producer in the US, is selling 57000 net acres of leaseholds and producing wells in the Woodbine Sand play in east Texas. Chesapeake's attempt to sell the land, a source of crude oil and natural gas liquids,
Now For Sale at Chesapeake: Drilling Leases In East TexasWall Street Journal (blog)
Chesapeake Valuation Seen Luring Major Oil Merger Deal: Real M&ASan Francisco Chronicle
Chesapeake looking to sell some East Texas acreage: adviserReuters

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Bakken Oil Weakens Prior to Tesoro’s North Dakota Refinery Work – Bloomberg

Bakken Oil Weakens Prior to Tesoro's North Dakota Refinery Work
Bloomberg
Bakken oil weakened to the widest discount in more than six weeks versus US benchmark West Texas Intermediate prior to a planned shutdown at Tesoro Corp. (TSO)'s refinery in Mandan, North Dakota. The 58000-barrel-a-day refinery will halt the crude unit
Canada crude-Heavy oil lower on refinery workReuters UK

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Oil hits 6-month low as risk aversion sweeps markets – Chicago Tribune


AFP
Oil hits 6-month low as risk aversion sweeps markets
Chicago Tribune
NEW YORK (Reuters) – Oil dropped more than 3 percent on Wednesday to the lowest level in nearly six months as fears about the euro zone crisis sparked an erosion in risk appetite across markets. Prices for Brent and US West Texas Intermediate futures
Oil Declines a Second Day as US Stockpile Gain LikelyBusinessWeek
Oil Trades Near Weekly Low as U.S. Supplies Seen RisingBloomberg
Oil stays below $90 as Spain worries intensifyEconomic Times
AFP
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Repsol’s likely departure a blow to Cuba’s oil hopes – Reuters


Christian Science Monitor
Repsol's likely departure a blow to Cuba's oil hopes
Reuters
No other company I've known would have had the staying power Repsol has had," said Cuba oil expert Jorge Pinon at the University of Texas in Austin. Cuba says it may have 20 billion barrels of oil in its offshore fields, which offers the promise of
Repsol 'almost certain' to end offshore oil drilling in CubaChristian Science Monitor

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Keystone readies S.E. Texas linkage – San Antonio Express


FuelFix
Keystone readies S.E. Texas linkage
San Antonio Express
By Dan Wallach BEAUMONT — A crude oil pipeline that will run 485 miles from Cushing, Okla., to Southeast Texas should be under construction by late summer and operational in late 2013. TransCanada, the builder of the Keystone Pipeline, is looking for
Keystone readies SE Texas linkageBeaumont Enterprise
Keystone XL Will Increase Gas PricesCare2.com (blog)

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Fracking at top of Chevron, Exxon meetings – Reuters


Nanaimo Daily News
Fracking at top of Chevron, Exxon meetings
Reuters
at the two largest US oil companies has also grown. Familiar groups of protesters descended on the respective annual meetings in California and Texas, and each had the added flavor of the Occupy movement that spread across the country last year.
Chevron sued in Canada over Ecuador caseFinancial Times
Chevron taken to task at shareholders meetingContra Costa Times

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National Oilwell Varco to buy CE Franklin for C$240 million – Reuters

National Oilwell Varco to buy CE Franklin for C$240 million
Reuters
(Reuters) – Oilfield production equipment distributor CE Franklin Ltd (CFT.TO) CFK.N said it will be bought by National Oilwell Varco Inc (NOV.N) for about C$240 million ($233.08 million) in cash as the US oilfield equipment maker expands its footprint
National Oilwell's Latest Acquisition: CE FranklinWall Street Journal (blog)
National Oilwell Varco to buy CE Franklin for C$240 mlnReuters Africa
National Oilwell Varco to Acquire CE Franklin for CAD$12.75 Per Common ShareMarketWatch (press release)

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Oil Prices Head For Biggest Monthly Drop Since 2008 – Huffington Post


CNBC.com
Oil Prices Head For Biggest Monthly Drop Since 2008
Huffington Post
By CHRIS KAHN 05/30/12 05:10 PM ET NEW YORK — The price of oil is headed for its biggest monthly decline since December 2008. Oil has dropped more than 16 percent so far in May, erasing all of its gains for the year. That's helped lower gas prices and
Oil prices drop below $88 to 7-month lowCNNMoney
Oil's Dive: Nice at the Pump but What About the Economy?CNBC.com
Oil prices decline 16 pct in May on expectations of slowing global demandWashington Post
Atlanta Journal Constitution
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Waiting For Gas Prices To Dip Lower? You Shouldn’t – Washington Post


KIMA CBS 29
Waiting For Gas Prices To Dip Lower? You Shouldn't
Washington Post
Iran has backed away from its threats to shut down the Strait of Hormuz, and oil prices have dipped below $100 a barrel. The average price for a gallon of regular unleaded is now $3.64, and you — optimistic, intelligent travel-planner that you are
Gas prices expected to fall further heading into summerNiagara Gazette
Gasoline Price Falls for 13th Consecutive DayPatch.com
Gas drops 4 cents a gallon on Long IslandNewsday
The Mercury –KETK
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OPEC’s Continued Overproduction May Destabilize Oil Markets -Iran – Wall Street Journal


Moneycontrol.com
OPEC's Continued Overproduction May Destabilize Oil Markets -Iran
Wall Street Journal
LONDON (Dow Jones)–OPEC's overproduction has negatively impacted oil prices and could destabilize markets going forward, Iran's representative with the group said Wednesday. Coming ahead of a crucial June 14 meeting of the Organization of Petroleum
Oil prices still very high in fragile global economy: IEA chief economistPlatts
Where Are Oil Prices Heading?Citybizlist (press release)
Why the Saudi's Are Making Me Eat My Words About the Oil PriceCountingPips
THISDAY Live –Zawya (registration)
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Oil edges above $91 amid Iran nuclear concerns – BusinessWeek


Irish Times
Oil edges above $91 amid Iran nuclear concerns
BusinessWeek
By PABLO GORONDI The price of oil rose slightly to above $91 a barrel Tuesday amid concerns that tensions over Iran's nuclear program could escalate as sanctions tighten this summer. By early afternoon in Europe, benchmark oil for July delivery was up
Oil price gains may signal end of slumpCalgary Herald
OIL FUTURES: Crude Slumps As Spain Worries Trump Greece OptimismWall Street Journal
Oil: Price up to near $92 on Greece vote optimism, IranTulsa World

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How to Invest in Oil Stocks During the Fracking Phenomenon with Absolute … – San Francisco Chronicle (press release)

How to Invest in Oil Stocks During the Fracking Phenomenon with Absolute
San Francisco Chronicle (press release)
Over 40 years ago, oil well drillers found a way to turn their vertical drills perpendicular, and access even more fossil fuels horizontally underground. This super drilling technique, known to insiders as "fracking," is breathing new life into the oil

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Craddick, Chisum in Railroad Commission runoff – Austin American-Statesman


Fort Worth Star Telegram
Craddick, Chisum in Railroad Commission runoff
Austin American-Statesman
The Associated Press AUSTIN, Texas — Attorney Christi Craddick and state Rep. Warren Chisum will head to a July runoff in the Republican race for a seat on the Texas Railroad Commission, which has nothing to do with trains but regulates oil and gas
Runoffs appear likely in two Railroad Commission racesFort Worth Star Telegram
Craddick wins Railroad Commission GOP nominationKSWO
Christi Craddick to face Warren Chisum in runoff for Railroad CommissionMidland Reporter-Telegram

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Craddick, Texas Rep. Chisum head to runoff for Republican nomination to … – The Republic


Fort Worth Star Telegram
Craddick, Texas Rep. Chisum head to runoff for Republican nomination to
The Republic
AP AUSTIN, Texas — Attorney Christi Craddick and state Rep. Warren Chisum will head to a July runoff in the Republican race for a seat on the Texas Railroad Commission, which has nothing to do with trains but regulates oil and gas exploration
Christi Craddick to face Warren Chisum in runoff for Railroad CommissionMidland Reporter-Telegram
Craddick wins Railroad Commission GOP nominationKFDM-TV News
Runoffs appear likely in two Railroad Commission racesFort Worth Star Telegram

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Lucas Oil Pro Motocross Championship Heads To Colorado’s Thunder Valley – PaddockTalk


Off-Road.com (blog)
Lucas Oil Pro Motocross Championship Heads To Colorado's Thunder Valley
PaddockTalk
Last weekend in Texas, the 2008 Lucas Oil Pro Motocross Champion refused to give in to the relentless pressure being applied by Red Bull KTM's Ryan Dungey, fending off his rival to start the season with back-to-back overall victories.
Video: Stewart Holds Off Dungey at Lucas Oil Pro Motocross ChampionshipOff-Road.com (blog)
2012 Freestone AMA Motocross | ResultsUltimate MotorCycling | News and Reviews
Freestone Motocross Highlights VideoMotorcycleUSA.com (blog)
Dirt Rider Magazine (blog)
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Oil be damned! Texas Energy Network snaps up Verizon LTE spectrum – TeleGeography


FuelFix (blog)
Oil be damned! Texas Energy Network snaps up Verizon LTE spectrum
TeleGeography
Texas Energy Network (TEN), a provider of communication services to the oil and natural gas industry, has announced that it has purchased an allocation of 700MHz A and B block wireless spectrum in the south Texas region known as the Eagle Ford Shale,
Hotels booming along with oilFuelFix (blog)
Texas Energy Boom a Credit PositiveBond Buyer
This Is What Happens When Your Small Local Town Finds Oil (Hint: $)The Atlantic
Daily Markets –Albany Times Union
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Chesapeake Valuation Seen Luring Major Oil Merger Deal: Real M&A – BusinessWeek


Globe and Mail
Chesapeake Valuation Seen Luring Major Oil Merger Deal: Real M&A
BusinessWeek
Kimberly Brasington, a spokeswoman for Irving, Texas-based Exxon, and Russell Johnson, a spokesman for San Ramon, California-based Chevron, declined to comment on potential acquisitions. Jonathan French, a spokesman for Shell in London,
Chesapeake Energy: Everything You Need To Know About The 'World's Biggest Fracker'StateImpact Texas
Billionaire Raider Carl Icahn: Just What Chesapeake Energy Needs?TIME

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