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lol. the lithium would be for someone else.
don't work too hard. tgif
hmmmm,
what's next
Lithium
ps ~ glad that you adopted your new tag line, so...
what's next
i bet he would answer all questions and i would think that he is a nice person. i work on the west coast and when i have had time to call, which is twice, i've gotten his voice mail. i will try again.
REVISED: lalitha, interesting news. i don't know how to value the soon to be westar oil myself and this confuses the issue even more.
any word regarding my previous question about selling shares even if we have not been credited with the divy at the time of sell? anything else you can share? tia
anyone ask ir stephen taylor about the status of the 6 wells in erath county?
"Terax has also elected to extend its current leasehold interests as well as bring back online the wells located in Erath County. Currently there are six wells which have been drilled and are set to be reworked on the Erath lease. It is expected that production will be established in the next 30 days. The expected net cash flow from the rework of these six wells is in excess of $750,000 per month. The new company will be named Westar Oil and Gas Inc. Upon conclusion of the exchange and upon completion of certain purchase contracts which both Terax and Westar are in the process of finalizing, the combination is expected to result in a company with net cash flow in excess of 12 million dollars per year and reserves in excess of 150 million dollars. The assets will consist of properties located in Texas, Nevada, Arkansas, Mississippi, and Oklahoma".
lol ctb, ask him about the parallel's (the ramping up) of his postings on the rb and the fact that questions were always avoided while new postings were written. shortly after he was banned.
i think God also came into play on his postings.
you know my saying:
what's next
good morning all. fish, we (most) are trashing jc as we all know what kind of standup individual he is; and we are trashing cb's greed (and any other skeletons he may be harboring) to detriment of us shareholders.
if you disagree with my statements, care to elaborate?
futhermore, those who tooted their horn agianst the rs in some fashion and now have embraced it... well, i think you all blink. is it fear? with that written, of course, i haven't read many postings lately due to work my sched. so i may have missed reasons for the change. this is not a SLAM.
could see a pr monday a.m., sometime tuesday, or maybe today, from sec filing:
TERAX ENERGY, INC.: SC 14F1, Sub-Doc 1, Page 1
--------------------------------------------------------------------------------
TERAX ENERGY, INC.
One Galleria Tower
13355 Noel Road, Suite 1370
Dallas, TX 75240
Tel: (972) 503-0900
INFORMATION STATEMENT PURSUANT TO
SECTION 14(f) OF THE SECURITIES EXCHANGE ACT OF 1934
AND RULE 14f-1 THEREUNDER
This Information Statement is being mailed on or about May 1, 2007, by Terax Energy, Inc. (the "Company") to the holders of record of shares of its common stock, $0.001 par value per share as of the close of business on April 27, 2007. This information statement is provided to you for information purposes only. We are not soliciting proxies in connection with the items described in this Information Statement. You are urged to read this Information Statement carefully. You are not, however, required to take any action.
You are receiving this Information Statement in connection with the appointment of one new member to the Company’s Board of Directors, in connection with the Company’s entry into a Purchase and Sale Agreement with Westar Oil, Inc. (“Westar”) pursuant to which the Company agreed to sell 55% of the issued and outstanding shares of common stock of the Company. At the initial closing the Company sold 9% of its issued and outstanding common stock at a price of $0.21 per share for a consideration of $129,780. Pursuant to the terms of the Purchase and Sale Agreement a second closing will be held, provided that as of July 15, 2007, there shall not be any bankruptcy or insolvency proceeding against the Company, pursuant to which the Company will sell to Westar 46% of its issued and outstanding common stock at a price of $0.21 per share.
This Information Statement is being mailed to stockholders of the Company pursuant to Section 14(f) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Rule 14f-1 thereunder.
--------------------------------------------------------------------------------
hopefully, we will see this start to up tick in anticipation of the news & symbol change.
good, let the stock run up in anticipation. who did you speak with on stephen taylor's cell number and what q & a was conducted. tia
thanks. when you read the pr's together with the increase in the o/s, it does amount to a split.
for that reason, i want to know that if we trade any of our shares after the symbol change should the divy, i.e. extra share, is not issued directly into our account's once the change occurs; if we still get the divy based upon being a shareholder of record.
anyone? if you call westar or stephen taylor, please ask this important question.
a man, who was it that you'd spoke to... what did that person share with you?
tia
here you go:
Stephen Taylor
Taylor Capitol, Inc.
Ph# (973) 351-3868
Cell# (973) 216-3563
Fax# (973) 453-8385
E-mail: STEPHTAYL9@AOL.COM
i suggest you call his cell phone number. let us know what he says to your questions pls. tia
why does it have to be tomorrow on (pending) news...while conducting dd, most pr's say the 2nd wk of jul. i saw one piece that i came across mentioning jul 15th.
head fake going on right now. nasd does take time and i do think the paper work has been submitted for the symbol change.
what i'd like to know ~ if the divy has not been credited yet at the time of the symbol change, will the transfer agt do so if we decide to trade any portion of our shares once the symbol change goes into effect (as it should show us, investors of record).
in any case i'm looking for monday morning news regarding: "Westar has also announced that it will be closing on the purchase of a controlling interest in a public oil and gas company for $150 Million Dollars. This acquisition is set to close on the second week of July. The source of funds used to close the purchase will be from a senior secured loan. No shares of Westar will be issued as part of this purchase".
i do not see the shares to be restricted p/sec 144 as i once thought as scraft says the shares are free trading from the get go.
anybody agree...? thoughts? anyone spoken with the transfer agt or have thier contact info?
what's up with ltg being put in the dog house? i musta missed something righteous.
lol ltg... bio, you know... times are different and i agree. been kinda civil with mrdsee and i've got no beef.
i hate like heck that people's investments may have tanked and or are (currently) in the toliet regardless of who they are.
i'm in agreement on defending one's investment.
go get 'em mrditbme.
that's what i'm talking about...c'mon. a long ways to go before the luv runs out.
anybody ask ir if we can trade our shares as soon as the symbol change goes into affect and still be credited with a divy share? ...or, if trading will be halted for a period of time until the transfer agent issues the divy.
anybody know who the transfer agent is? contact info? tia. rook
ops my my bad mrdsee!!! i seem to recall mrditbme being banned or totally disappearing unexpectedly on the rb under same moniker VIVIDLY like yesterday.
farmLose1234, be sure to read the royalty part as you'll probably get a kick out it... get it? kick. Barnett Shale is a geological formation with natural gas deposits. Millions of years ago, during the Mississippian age, three oceans covered Texas. When these oceans receded, it left an enormous amount of organic material. Over time and under intense geologic pressure, this sediment hardened and became hydrocarbons, which eventually produced oil and gas. The Barnett Shale covers about 5,000 square miles and portions of at least 14 counties in North Texas.
Natural gas production in the Barnett Shale has grown sharply in recent years, accounting for 12 percent of Texas’ total production in 2006. Industry observers expect activity to continue for the next 20 to 30 years; however, advances in drilling technology may extend the life of the Barnett Shale even longer.
Barnett Shale Play is currently one of the most exciting natural gas plays in the United States and Barnett Shale Drilling activity is considered extremely active.
Barnett Shale is … What is the Barnett Shale?
The Barnett Shale is a geological formation of economic significance. It consists of sedimentary rocks of Mississippian age in the U.S. State of Texas. The formation is estimated to stretch from the city of Dallas west and south, covering 5,000 square miles (13,000 km²) and at least 17 counties. It is the second largest oil field in the United States.
Some experts have suggested the Barnett Shale may be the largest onshore natural gas field in the United States. The field is proven to have 2.1 trillion cubic feet (59 km³) of natural gas, and is widely estimated to contain as much as 30 trillion cubic feet of natural gas resources. Oil has also been found in lesser quantities, but sufficient (with recent high oil prices) to be commercially viable.
The Barnett Shale is known as a “tight gas” reservoir, indicating that the gas is not easily extracted. The shale is very hard, and was virtually impossible to produce gas in commercial quantities from this formation until recent improvements were made in hydrofracture technology (and recent price increases in natural gas prices made the technology economically feasible).
Barnett Shale Gas
Shale gas is conventional natural gas that is produced from reservoirs predominantly composed of shale with lesser amounts of other fine grained rocks rather than from more conventional sandstone or limestone reservoirs. The gas shales are often both the source rocks and the reservoir for the natural gas, which is stored in three ways:
* adsorbed onto insoluble organic matter called kerogen
* trapped in the pore spaces of the fine-grained sediments interbedded with the shale
* confined in fractures within the shale itself
In the Mid-Continent, numerous shales contain hydrocarbons, including natural gas. Shales include the Barnett Shale, Woodford Shale, Fayetteville Shale, and the Caney Shale.
Economic Benefits of the Barnett Shale | Barnett Shale Money
A recent study reported…
Barnett Shale is contributing more than $5 billion annually to local coffers and has created about 55,000 permanent Barnett Shale jobs in North Texas.
The economic benefits from the Barnett Shale — approximately 5 percent of total economic output.
The Barnett Shale is like the icing on the cake for a city already performing quite well.
Barnett Shale may be responsible for an average of 108,000 jobs and $10.4 billion in output each year through 2015. The economic stimulus from the Barnett Shale ripples through the economy in the form of personal income from jobs, investment and royalty and bonus payments, and from increased tax receipts generated by retail, property and hotel/motel occupancy taxes and local permits and fees.
We are talking about substantial Barnett Shale Money for the DFW economy.
Other Barnett Shale Money Notes:
Barnett Shale Revenue to local governments, excluding Barnett Shale royalty and Barnett Shale lease payments, was about $227.7 million as of 2006 and will likely increase in the future.
Nearly 6 percent of private employment in the region as of 2006 is attributed to the Barnett Shale.
Barnett Shale is contributing $3 billion per year as of 2006 in retail sales in the region.
Every county in the Barnett Shale has gained jobs and income with Tarrant, Wise and Johnson counties as of 2006 leading the pack.
The financial and quality of life enhancements from the Barnett Shale are flowing to people across the region from many different socioeconomic backgrounds.
While some of the effects of the Barnett Shale may be transitory, the investment of payments currently being received stands to permanently change the economy.
Barnett Shale Texas
Where is the economic impact of the Barnett Shale? The Barnett Shale is thriving economically in …
Barnett Shale Clay County
Barnett Shale Cook County
Barnett Shale Denton County
Barnett Shale Erath County
Barnett Shale Hill County
Barnett Shale Hood County
Barnett Shale Jack County
Barnett Shale Johnson County
Barnett Shale Montague County
Barnett Shale Palo Pinto County
Barnett Shale Parker County
Barnett Shale Tarrant County
Barnett Shale Young County
Counties that either have active drilling for, or the potential to have, Barnett Shale production include the following:
Bosque (potential)
Comanche (potential)
Cooke (active)
Denton (active)
Ellis (potential)
Erath (active)
Hamilton (potential)
Hill (active)
Hood (active)
Jack (potential)
Johnson (active)
Montague (potential)
Palo Pinto (active)
Parker (active)
Somervell (potential)
Tarrant (active)
Wise (active)
So How Large is the Barnett Shale? importance … significance …
Barnett Shale natural gas formation near Fort Worth has almost 10 times the reserves originally estimated just eight years ago — more than enough to supply the entire country for a year.
The new estimate of 26.2 trillion cubic feet is several times the 3.4 trillion cubic feet estimated as recently as 1996, and it means the Barnett Shale drilling boom that has seen more than 3,000 wells sunk north and west of Fort Worth since 1999 will likely continue.
Barnett Shale drilling in this natural gas field’s sweet spots – under Wise, western Denton and northern Tarrant counties – is still expanding at a breakneck pace, such economic growth is expected to continue for years.
Devon Energy Corporation is one of the world’s leading independent oil and gas exploration and production companies. Devon’s operations are focused primarily in the United States and Canada; however, the company also explores for and produces oil and natural gas in select international areas. We also own natural gas pipelines and treatment facilities in many of our producing areas, making us one of North America’s larger processors of natural gas liquids.
This is what Devon Energy has to say about the Barnett Shale and it’s activity in the Barnett Shale:
A decade ago the Barnett Shale formation in north Texas represented a geological puzzle that had gone unsolved for more than 40 years. Geoscientists knew vast energy reserves were sealed inside the tight, black rock formed from organic deposits 325 million years ago. The challenge was recovering them.
The Barnett is not particularly deep or impervious to the drill bit, but it would take more than conventional thinking to recover the gas locked inside the stingy shale known for its low porosity and high complexity.
Devon Energy is a pioneer in the Barnett, using innovations in technology to literally crack open the shale to release the natural gas sealed inside. Engineers are using a method known as fracturing to foster permeability in the shale. Crews inject a mixture of fresh water and sand into the rock at high pressure to fracture the surrounding formation and release gas trapped inside. The technology has given Devon access to vast reserves, transforming this challenging play surrounding Fort Worth into one of the nation’s most important natural gas producing fields.
Devon has drilled more than 1,300 wells into the Barnett Shale since 2002 and has produced more than 800 billion cubic feet of natural gas equivalent. Use of fracturing technology has helped Devon increase its Barnett production from 200 million cubic feet of natural gas equivalent per day in 2002 to more than 600 million today. Devon accounts for nearly half of the field’s overall daily production of 1.4 billion cubic feet of natural gas equivalent.
In all, Devon has more than 2,500 wells in the field, which includes a growing number of wells in the geologically challenging non-core area, where the company uses innovations such as horizontal drilling and advanced seismic technology to ensure each well reaches its full production potential. Devon is optimistic about its future production growth in the Barnett Shale as we continue to expand our ability to recover gas reserves contained under a dominant lease position of more than 733,000 net acres.
Through Devon’s pioneering effort, the Barnett Shale formation has emerged as the largest natural gas field in Texas. Within the past four years, Devon has made significant advances in developing and enhancing production from the Barnett, which has potential to remain one of the country’s most vital energy resources for years to come. Devon’s accomplishments in the Barnett are an example of how technology and innovation are helping to meet growing energy demands by finding new ways to tap North America’s remaining reserves.
Chesapeake Energy Corporation is the third largest independent producer of natural gas in the U.S. Headquartered in Oklahoma City, the company’s operations are focused on exploratory and developmental drilling and corporate and property acquisitions in the Mid-Continent, Permian Basin, South Texas, Texas Gulf Coast, Barnett Shale, Ark-La-Tex and Appalachian Basin regions of the United States.
This is what Chesapeake Energy has to say about the Barnett Shale and it’s activity in the Barnett Shale:
The Barnett Shale in north-central Texas became economically. feasible for
development in the … Today, companies in the Barnett Shale are bringing up more …
Chesapeake’s investment in the
Barnett Shale
Acreage and acquisitions: More than
200,000 acres, with emphasis on
Johnson, Tarrant and western Dallas
counties
Drilling costs: A typical well costs an
average $2.5 million, for a 2007 drilling
budget of $1 billion
Capital expenditures: Invested more
than $2.8 billion at year-end 2006, with
an additional $1 billion investment
planned for 2007
Employees/jobs: Our Barnett-area
employee base should exceed 1,300 in
2007, which includes rig crews and field
office employees in Cleburne, Joshua,
DFW, East Tarrant and our corporate
offices in Fort Worth
Taxes: Paid more than $33 million in
Johnson and Tarrant counties since
2004 for schools, roads and other
government programs.
The keys to success in the Barnett Shale:
• Acreage: Chesapeake’s leasehold in the core area of the
Barnett Shale represents the best-potential production in
the region.
• Data: extensive 3-D seismic teamed with the highly skilled
engineers and the industry’s most successful drillers result
in a 98% success rate.
• Technology: Our horizontal drilling technology, noise,
light, water, security and traffic management techniques
reduce neighborhood inconveniences and are environmentally
friendly.
• People: Our people, whether they work in north-central
Texas or across the nation, are dedicated to making their
communities better places.
Chesapeake Energy and Barnett Shale Development:
Site selection and preparation: 3-D
seismic testing, road and drill pad
construction on two to five acres of
land.
Drilling: Each well takes three to four
weeks to drill in an around-the-clock
operation. Average vertical depth is 1.5
miles and the horizontal reach from the
vertical well bore can be nearly a mile.
Completing the well: Hydraulic
fracturing, or “frac,” begins a process
that takes several days. Water mixed
with sand is pumped under high
pressure, creating fractures in the rock
and releasing additional gas volumes.
Production equipment is then installed,
including storage tanks for produced
water, meters, pumps and safety
equipment. This takes about a week.
Marketing the gas: Small-diameter
gathering pipelines are installed, very
similar to utility lines. Access to
transmission lines could take two to
three weeks.
Reclaiming the site: Site is restored,
landscaped, fenced and regularly
monitored.
Major elements of a mineral lease agreement:
• Length of lease
Initial lease term typically three to five years, which means
drilling activities must begin within that time frame
Lease expires with no drilling by end of term. After drilling,
lease is held for productive life of the well
?? Surface-use agreement
Determines uses and compensation for using an area on
the surface to access the minerals below
?? Bonus payment
A per-lot or per-acre, one-time payment made up front to
secure the lease
?? Royalty payment
Payments are based on the percentage of natural gas
produced and sold that is shared with the mineral owners.
Payments vary, based on market price of natural gas and
volumes produced.
Payments usually decline by 50 percent after first year,
reflecting normal production decline.
Patterson-UTI Energy, Inc. is one of many Barnett Shale companies who provides onshore contract drilling services to exploration and production companies in North America. The Company has approximately 340 currently marketable land-based drilling rigs that operate primarily in oil and natural gas producing regions of Texas, New Mexico, Oklahoma, Arkansas, Louisiana, Mississippi, Colorado, Utah, Wyoming, Montana, North Dakota, South Dakota and western Canada. Patterson-UTI Energy, Inc. is also engaged in the businesses of pressure pumping services and drilling and completion fluid services. Additionally, the Company has an exploration and production business.
Who is EOG Resources?
EOG Resources, Inc. is one of the largest independent (non-integrated) oil and natural gas companies in the United States with proved reserves in the United States, Canada, offshore Trinidad and the United Kingdom North Sea. EOG Resources, Inc. is listed on the New York Stock Exchange and is traded under the ticker symbol “EOG.”
At December 31, 2006, EOG’s estimated net proved natural gas reserves were 6,095 Bcf and estimated net proved crude oil, condensate and natural gas liquids reserves were 118 million barrels. Approximately 60 percent of EOG’s reserves on a natural gas equivalent basis were located in the United States, 20 percent in Canada, 20 percent in Trinidad and less than 1 percent in the United Kingdom North Sea. At year-end 2006, EOG had approximately 1,500 employees.
Who is Encana?
EnCana is a leading North American natural gas producer and a technical and cost leader in the in-situ recovery of oilsands bitumen.
Among the largest holders of oil and gas resource lands in onshore North America
Natural gas represents over 80% of production
A technical and cost leader in in-situ recovery of oilsands bitumen
Approximately 6,500 staff
Encana in the Barnett Shale: Our U.S. subsidiaries have assembled a significant land position in the prolific Barnett Shale play in the Fort Worth basin.
With about 160,000 net acres of undeveloped land, they are applying horizontal drilling and multi-stage reservoir fracturing to unlock the potential of one of our newest resource plays.
Natural gas production averaged 101 million cubic feet per day (MMcf/d) in 2006.
Who is Crown Exploration?
Crown Exploration, Ltd. is an energy entity based in Carrollton, Texas. Our Oil & Gas Drilling history includes over 100 wells with 90 of those wells spanning our premier area, the Barnett Shale of North Texas. Since 2001 our revenues from production to-date totals over $55,000,000.
Crown specializes in all aspects of exploration and Natural Gas Drilling with special emphasis on the Barnett Shale play of North Texas.
Here is what Crown says about the Barnett Shale:
The Barnett Shale Formation
Drilling for Natural Gas Reserves in the Barnett Shale
Nestled directly beneath the booming metropolis of Fort Worth and north central Texas lies the Barnett Shale formation. This night-black rock oozes natural gas and is considered the largest natural gas field in Texas and one of the most important gas fields in the nation. Formed from organic deposits millions of years ago, it consists of a wedge of rock packed with an estimated 30 Trillion cubic feet of gas.
Fort Worth, Texas sits proudly atop huge deposits of gas in the Barnett Shale. New exploration technology such as Horizontal Drilling has made the Barnett Shale gas more accessible, even below populated areas.
The Barnett Shale is actually three distinct shale formations in north-central Texas formed by three separate oceanic events some 300 to 600 million years ago. During these events, Texas was actually under a very shallow ocean that stretched up the Central Plains as far north as Canada. Because the ocean bed was less than 100 feet deep, it is theorized to have had an extraordinary phytoplankton and zooplankton population, and with that, massive coral reef beds were created by filtering the plankton population.
When the oceans receded, the shale was formed around the life existing in the oceans. Today, anaerobic bacteria are alive inside the shale formation, feeding on the decomposed coral reef.
Unlike most natural gas formations which are found in sandstone or limestone, the Barnett holds its gas in shale. Finding a way to get the gas out of the shale has puzzled scientists for decades as traditional drilling methods fell short. Today that’s all changed. Thanks to the recent advances in drilling technology described below, the Barnett Shale is now one of the largest producing natural gas fields in the United States.
Gas hides within microscopic pores of the Barnett Shale. The fracturing process helps get the gas out of the rock and lessens the chance of a “near miss”.
Fracturing is a drilling innovation that allows for the expulsion of gas through the wellbore. During the process, water is pumped forcefully down the wellbore, and fractures, (or breaks-up) the rock. The more the rock is crunched, the more gas is liberated. Once the gas is released, it comes back up through the wellbore. The gas is then separated from the water, the water is hauled away, and the gas is sold.
Horizontal Drilling is ideal for exploring under a city. Since the gas reserves of the Barnett Shale are positioned beneath densely populated areas, the horizontal drilling method allows operators to drill under parks, schools or housing.
In Horizontal Drilling, the drilling rig can be erected in a vacant field, while the bit probes more than a mile beneath the surface. The operators drill down vertically, then the flexible drill pipe makes a 90 degree turn and continues horizontally for thousands of feet.
Horizontal Drilling in the Barnett Shale:
As of 2007, recent advances in the technology of horizontal drilling have opened up the potential of the Barnett Shale as a major producer of natural gas. Horizontal drilling has changed the way oil and gas drilling is done by allowing producers to drill horizontally beneath neighborhoods, schools and airports. Since much of the gas in the Barnett Shale is lodged beneath the City of Fort Worth, this new drilling technology has created a boom for the city. The new technology has brought in a tremendous number of independent producers both large and small.
In 2005-2007 horizontal drilling in the Barnett Shale extended south into Johnson, Hill, and Bosque counties, with a 100% success rate on completed wells. An experimental vertical well is being drilled in McLennan County (near Waco) to assess the potential for development along the Ouachita Fold, a geological barrier which defines the southern limit of the Barnett Shale. Lease bonuses paid to landowners in the southern counties range from $200-$2000 per acre with royalty payments in the 18%-25% range, much greater than what was being offered as few as 3 years ago. One lease in Johnson County now has 19 wells permitted. New drilling permits in Johnson County are being approved at an average rate of 60 per month, and Hill County at a rate of 20 per month.
In addition, the gas pipeline network needed to transport the gas to market is being aggressively expanded. The completion of a 42″ natural gas transmission pipeline through Hill County will open up new areas for drilling. Barnett Shale Money? Barnett Shale Investing? Hundreds to thousands of individuals, businesses, landowners, school districts, universities, cities, counties and others have negotiated leases with Barnett Shale Drilling Companies in order to reap their share of the Barnett Shale Money. Fort Worth, Arlington, TCU and DFW Airport are a few who’ve made headline news regarding Barnett Shale Gas Drilling.
The financial reach of the Barnett Shale touches all facets of life, generating a $5 billion local economic impact and more than 55,000 jobs. DFW Metroplex Barnett Shale.
The Texas Railroad Commission recent reported the following Barnett Shale Gas financial footprint on Texas:
108,000 – Jobs to be gained each year by Barnett Shale activity through 2015
$10.4 billion – Generated each year in Barnett Shale gas drilling, exploration and development, pipeline construction, royalties and other payments
$227.7 million – Direct and indirect revenue to local governments, excluding royalty and lease payments, through 2006
$153 billion – Real gross product generated by the Barnett Shale in the
14-county region by 2015
$3 billion – Retail sales that the Barnett Shale is contributing per year
6,000 – Producing natural gas wells in the Barnett Shale
20-30 years – How long the Barnett Shale is expected to produce activity
whichever/sumaria, i like the the numbers but i'm still rankled about this r/s mess.
thanks for the advisement on the book read.
sumaria, i have heard similiar stories to yours, go fig :)
hey whichever. big, lol. we try to get him naps at around 8 to 9p and then get him up for just a wee bit again so he can try to sleep through the night when he is finally put to bed. i don't know if that's the right approach or not... but it's working most nights. ideas are welcomed. anyone :) ???
REVISED: you just don't get it, do you! apologize to whichever. no, just forget about it because it'll be empty at this point. and yes, your INEPTNESS! either ask for help or stfu...
oh, btw ~ why do i have to conduct your dd?
winnottolose, you owe whichever an apology for your ineptness and remark. just my 2c's.
Hahahaha.... so the format is a bit jumbled :) Filing Operator: PROCO OPERATING CO., INC. (679595) District: Statewide
Prod Month: Mar 2007 Lease Type: Both
Showing: 1 - 20 of 28 results
Oil/Condensate (Whole Barrels) Gas/Casinghead Gas - MCF
Lease Type District RRC Identifier Field Name Lease Name Gas
Well
ID Commingle
Permit No. On Hand
Beginning of Month Production Disposition On Hand
End of Month Formation
Production Disposition
Volume Code Volume Code
Gas 7B 095424 DIVERSE-BENNETT (GRANT) BENNETT 1 33 24 57 01 0 84 84 02
Gas 7B 111938 DOMINEY (CADDO) DOMINEY 2 15 0 15 0
Gas 7B 120106 DOMINEY (CADDO) SANTA FE-ATCHISON 5A 20 0 20 0
Gas 7B 122426 GORMAN,EAST (MARBLE FALLS-LOWER) BURNS,J.C. 4 12 0 12 0
Gas 7B 064099 GRAFORD (BEND CONGLOMERATE) KEECHI CREEK FARM 1 0 0 0 455 63 01
392 02
Gas 7B 109329 HART RANCH (STRAWN) HART RANCH 4 0 0 0 190 26 01
164 02
Gas 7B 113531 HART RANCH (STRAWN) HART RANCH 5 37 0 37 287 40 01
247 02
Gas 7B 066384 J. V. T. (STRAWN 2400) PADGETT RANCH 2 0 0 0 0
Gas 7B 091076 J. V. T. (STRAWN 2400) PADGETT RANCH 3 0 0 0 209 29 01
180 02
Gas 7B 096302 J. V. T. (STRAWN 2400) PADGETT RANCH 5 0 0 0 256 35 01
221 02
Oil 7B 01384 KIRK MARBLE FALLS UNIT 20 33 53 1 1 04
Gas 04 GAS VOLUME TOO SMALL TO SELL
Gas 7B 097984 MINERAL WELLS, S. (CONGL. 4270) HART RANCH 1 0 0 0 448 62 01
386 02
Gas 7B 091655 MINERAL WELLS, SOUTH (STRAWN LO) MARQUESS, F.H. 1 68 0 52 01 16 1,066 1,066 02
Gas 7B 126494 MORENCO (MARBLE FALLS) BROWN,T. 2 94 0 94 0
Gas 7B 074185 PALO PINTO CO. REG. (GAS) GREEN, WILEY T. 1 0 0 0 187 26 01
161 02
Gas 7B 090663 PALO PINTO CO. REG. (GAS) PADGETT, J.W. 4 0 0 0 364 50 01
314 02
Gas 7B 090803 PALO PINTO CO. REG. (GAS) PADGETT, J. W. 3 0 0 0 905 125 01
780 02
Gas 7B 098637 PALO PINTO CO. REG. (GAS) GREEN, WYLIE T. 2 0 0 0 0
Gas 7B 110187 PALO PINTO CO. REG. (GAS) NASH 1 26 2 28 304 42 01
262 02
Gas 7B 159541 PALO PINTO CO. REG. (GAS) PADGETT RANCH 7 0 0 0 618 85 01
533 02
Oil 7B 29511 PICKWICK (MARBLE FALLS) HART RANCH 20 147 157 01 10 1,600 221 01
1,379 02
Oil 7B 01962 ROYSTON STEELE, J. J. ESTATE 138 178 164 01 152 1 1 04
Gas 04 GAS VOLUME TOO SMALL TO SELL
Gas 7B 115337 SODA SPRINGS (STRAWN) YOUNGBLOOD, M. 1 14 0 14 43 43 02
Gas 7B 091448 TJB (CONGL 4200) PADGETT RANCH 4 0 0 0 140 20 01
120 02
Gas 7B 102467 TJB (CONGL 4200) PADGETT RANCH 10 0 0 0 0
Oil 7B 28955 V.M. (FLIPPEN) W. I. COOK CHILDRENS HOSPITAL 233 90 178 01 145 0
Oil 09 30322 NEWARK, EAST (BARNETT SHALE) MURPHY, VIVIAN 61 202 168 01 95 2,078 306 01
1,772 02
Oil 09 30512 NEWARK, EAST (BARNETT SHALE) NASH 26 0 26 0
Filing Operator: PROCO OPERATING CO., INC. (679595) District: Statewide
Prod Month: Apr 2007 Lease Type: Both
Showing: 1 - 20 of 27 results
Oil/Condensate (Whole Barrels) Gas/Casinghead Gas - MCF
Lease Type District RRC Identifier Field Name Lease Name Gas
Well
ID Commingle
Permit No. On Hand
Beginning of Month Production Disposition On Hand
End of Month Formation
Production Disposition
Volume Code Volume Code
Gas 7B 095424 DIVERSE-BENNETT (GRANT) BENNETT 1 0 0 0 0
Gas 7B 111938 DOMINEY (CADDO) DOMINEY 2 15 0 15 0
Gas 7B 122426 GORMAN,EAST (MARBLE FALLS-LOWER) BURNS,J.C. 4 12 0 12 0
Gas 7B 064099 GRAFORD (BEND CONGLOMERATE) KEECHI CREEK FARM 1 0 0 0 462 64 01
398 02
Gas 7B 109329 HART RANCH (STRAWN) HART RANCH 4 0 0 0 162 22 01
140 02
Gas 7B 113531 HART RANCH (STRAWN) HART RANCH 5 37 0 37 245 34 01
211 02
Gas 7B 066384 J. V. T. (STRAWN 2400) PADGETT RANCH 2 0 0 0 0
Gas 7B 091076 J. V. T. (STRAWN 2400) PADGETT RANCH 3 0 0 0 150 21 01
129 02
Gas 7B 096302 J. V. T. (STRAWN 2400) PADGETT RANCH 5 0 0 0 166 23 01
143 02
Oil 7B 01384 KIRK MARBLE FALLS UNIT 53 22 75 1 1 04
Gas 04 GAS VOLUME TOO SMALL TO SELL
Gas 7B 097984 MINERAL WELLS, S. (CONGL. 4270) HART RANCH 1 0 0 0 560 77 01
483 02
Gas 7B 091655 MINERAL WELLS, SOUTH (STRAWN LO) MARQUESS, F.H. 1 16 2 18 964 964 02
Gas 7B 126494 MORENCO (MARBLE FALLS) BROWN,T. 2 94 0 94 0
Gas 7B 074185 PALO PINTO CO. REG. (GAS) GREEN, WILEY T. 1 0 0 0 194 64 01
130 02
Gas 7B 090663 PALO PINTO CO. REG. (GAS) PADGETT, J.W. 4 0 0 0 271 37 01
234 02
Gas 7B 090803 PALO PINTO CO. REG. (GAS) PADGETT, J. W. 3 0 0 0 652 90 01
562 02
Gas 7B 098637 PALO PINTO CO. REG. (GAS) GREEN, WYLIE T. 2 0 0 0 0
Gas 7B 110187 PALO PINTO CO. REG. (GAS) NASH 1 28 0 28 263 36 01
227 02
Gas 7B 159541 PALO PINTO CO. REG. (GAS) PADGETT RANCH 7 0 0 0 312 43 01
269 02
Oil 7B 29511 PICKWICK (MARBLE FALLS) HART RANCH 10 161 155 01 16 1,612 222 01
1,390 02
Oil 7B 01962 ROYSTON STEELE, J. J. ESTATE 152 118 181 01 89 1 1 04
Gas 04 GAS VOLUME TOO SMALL TO SELL
Gas 7B 115337 SODA SPRINGS (STRAWN) YOUNGBLOOD, M. 1 14 0 14 47 47 02
Gas 7B 091448 TJB (CONGL 4200) PADGETT RANCH 4 0 0 0 429 59 01
370 02
Gas 7B 102467 TJB (CONGL 4200) PADGETT RANCH 10 0 0 0 0
Oil 7B 28955 V.M. (FLIPPEN) W. I. COOK CHILDRENS HOSPITAL 145 99 176 01 68 0
Oil 09 30322 NEWARK, EAST (BARNETT SHALE) MURPHY, VIVIAN 95 141 179 01 57 1,907 263 01
1,644 02
Oil 09 30512 NEWARK, EAST (BARNETT SHALE) NASH 26 0 26 0
hi lalitha, excellent. i am also encouraged by the behavior here. why wait for the symbol change if there's news, let it flow...
REVISED: yeah, I'm hoping real soon like tomorrow. in any case, looking for texg/westar news on the other o&g acquisition coming up...should be an annoucement. plus any other news whatever it may be.
darn scraft, if it does take a while...meaning past the 15th, hopefully we get other news to fuel and propel the sp.
REVISED: scraft see msg 1099... i guess the 5 days was from the date of that posting with advisement that it may take a little longer, we should be close!
thoughts anyone....
ndu, thanks for the update. when did the 5 day clock begin? any word on an 8k being filed?
nice bio/ltg!
i do think that everyone is expecting the symbol change and divy to be issued to include the mm's who should be ready for the run up.
everyone is expecting more news from westar's announced closing on the purchase of a controlling interest in a public oil and gas company for $150 mil. which is set to close on the second week of july.
on the call to stephen taylor, at least ask the ir guy when the paperwork that began the 5 day clock occurred. also ask that once the symbol changes and if one's texg portfolio isn't credited from the get go if you can trade your shares in some fashion with the knowledge you'll still gain a free trading share.
ndu, call the ir stephen taylor on his cell number and ask when the symbol change is suppose to go into affect. contact info: Stephen Taylor
Taylor Capitol, Inc.
Ph# (973) 351-3868
Cell# (973) 216-3563
Fax# (973) 453-8385
E-mail: STEPHTAYL9@AOL.COM
REVISED: yo fish, i don't want to this to hit in the 1's, PERIOD! what about the good 'ole hunting and fishing licenses I'd always buy at a local walmart somewheres in east texas, not to mention all the tackle and whatnot?
that's going to be two of us, once i get home. shee-et, make that a bacardi 151 drink!
one word came to mind when the pre was announced and that word is still in my mind.
orchestrated
ops revised ~ jc personally told me the conversion of the preferred is 1% every 90 days or 200k shares. should cb convert the preferred's like clockwork and the max shares allowed it would take him 8+yrs to convert.
i'm not the only one he'd mentioned this to either.
yeah, right. jc speaking sideways again. nothing in the 8k/def supporting that.
5 c's of credit
the five key elements a borrower should have to obtain credit:
character (integrity), capacity (sufficient cash flow to service the obligation), capital (net worth), collateral (assets to secure the debt), and conditions (of the borrower and the overall economy).
good morning all. no joke, i thought the same.
for a good laugh read rb post: 111456
sweeeeeeeeeeeeeet... so we just wait on the transfer agt to bring our acct up to speed with our new share count and then we can trade? i'm using scottrade and in the past similar situations that has been the norms. thanks scraft.
scraft, i'm not sure how this will play out and you are right as stephen taylor did say they are free trading. but if they are restricted it could be a yr hold right? not sure...thoughts anyone. can someone call the ir guy like on his cell number to clarify.
anyone with the transfer agent info and has anybody contact them? if so please share. tia.
you mean vote shares bought up to jul 9, right?
lalitha, my only worry here is the sp does go down. i would have preferred and wanted the cash divy instead. it makes sense that the distributed shares will be restricted from transfer for one year pursuant to sec rule 144.
what's next...