The Henderson News (Henderson, Tex.), Vol. 90, No. 10, Ed. 1 Sunday, April 21, 2019 Page: 2 of 14
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C-
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The optimism about the
-A
$71.82 and $64.24 on the New
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very close to last year’s price.
However, with the acquisi-
Well; Field; Survey; Type;
Wood; Valence Operating
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1
1H;
1H;
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LOCAL
Vickie & Jose Luis Martinez 1903.571.0609 | 408 Millville Dr. • Henderson
Source: National Weather Service
across East Te
M i H i
X I /
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SUBSCRIBE
TODAY!
CALL
903-657-2501
• Consider and take action on review
phases of additional projects for Down-
town
• Proclamation for National Historic
Preservation Month
• Activities for Preservation Month of
• Consider and take action on present
application for Vacant Board Position
• Consider and take action on present
tit); Castleberry, WH/38; Gas;
10,760; Within White Oak
Hearne
Robertson;
Resources Mngt Co.
has
exports
rise,
NE Yantis
Wood; Valence Operating
Co.; Hudie Morgan-Alexander
Alex Mills is the former President
of the Texas Alliance of Energy Pro-
ducers. The opinions expressed are
F®
« VS?!
$ UTHealth
East Texas
Yantis
COMPLETIONS
(County; Operator; Lease/
pa
*4?
c
CARPENTRY I
L j
ALEX
MILLS
Z I 1
Sunday: Sunny, with a
high near 81. South wind 5 to
15 mph, with gusts as high as
25 mph.
Sunday Night: Mostly
clear, with a low around 60.
Monday: Mostly sunny,
with a high near 81.
Monday Night: Mostly
cloudy, with a low around 63.
Tuesday: A 20 percent
chance of showers and thun-
derstorms after 8am. Mostly
cloudy, with a high near 79.
Tuesday Night: A 30 per-
cent chance of showers and
thunderstorms. Mostly cloudy,
with a low around 62.
Wednesday: A 30 percent
chance of showers and thun-
derstorms. Mostly cloudy, with
a high near 76.
fa
Hearne Size; Flow Rate (24 Hrs.);
Upshur; Sabine Oil & Gas Location)
Corp.; Hill LC-Landers (AW)
PAGE 2 — THE HENDERSON NEWS — Sunday, April 21,2019
HONESTYAWARD
H
Gilmer
Wood; Valence Operating
Co.; Scottish Rite 2H; Como
I. 125; 1049 Mcf; 12.5 Miles SE
Groesbeck
Nacogdoches; Sonerra
Resources Corp.; Shooting
Star 1; Nacogdoches, E. (Pet-
tit); 10,828; 0.750; 62 Mcf; 15
Miles SE Nacogdoches
Panola; CCI East Texas
Upstream LLC; Kyle, J.R. ‘A’
5; Carthage (Pettit, Lower
Gas); 9,450; 0.750; 44 Mcf;
6.7 Miles SE Carthage
Panola; CRD Operating
LLC; Howe 4; Carthage (Pet-
tit, Lower); 10,165; 18/64; 40
Mcf; 7 Miles NW Beckville
Panola; Sabine Oil & Gas
Corp.; Jester Gas Unit 1H;
Carthage (Haynesville Shale);
II, 053; 2.5; 26494 Mcf; 16.59
Miles NE Carthage
Panola; Sheridan Produc-
tion Co. LLC; Hull Unit A
A44; Carthage (Travis Peak
6296); 9,634; 1; 676 Mcf; 3.5
Miles E Carthage
San Augustine; XTO
Energy Inc.; BSI Raptors DU
Hi; Carthage (Haynesville
Shale); 14,986; 2.100; 6169
Mcf; 16.2 Miles W San Augus-
tine
San Augustine; XTO
Energy Inc.; Hilltoppers-
Banana Slugs Alloc. H2; Car-
thage (Haynesville Shale);
14,583; 2.1; 10687 Mcf; 3.5
Miles SE Chinero
San Augustine; XTO
Energy Inc.; BSI Keydets DU
Bi; Carthage (Haynesville
Shale); 14,003; 2.375; 9608
Mcf; 12 Miles SW San Augus-
tine
San Augustine; XTO
Energy Inc.; Hilltoppers-
Banana Slugs Alloc. B2; Car-
thage (Haynesville Shale);
13,998; 2.1; 14849 Mcf; 3-5
Miles SE Chireno
Smith; Breitburn Operat-
ing LP; Chapel Hill 1 (Alloca-
tion) 1H; Chapel Hill (Cotton
Valley); 11,290; 2; 9980 Mcf;
9.5 Miles NW Overton
Smith; Dallas Production
Inc.; Bingham 1; Manziel Bros.
(Pettit); 8,655; N/A; 3 Bbls/5
Mcf; 6.5 Miles E Winona
Smith; Swann-McElroy
(Alloc); Breitburn Operating
LP 1H; Overton (Cotton Val-
ley Sand); 11,743; 1.125; 2957
Mcf; 1.75 Miles SE Troup
■l '■ J ■■■■■
[Residential and Commercial]
__ _______Over 20 Years Experience^
International energy issues become more complex
4.4 million with some 10 million b/d of
b/d (40 per- production, and Saudi Ara-
cent) of the bia, the remaining top pro-
national total ducer along with the U.S., has
in 2018.
T h
increase
grown much closer, creating
e some tension in Washington
in since President Trump pub-
production licly called on OPEC to rescind
allowed its policy to reduce production.
to OPEC and Russia imple-
also. mented the cuts and prices
The Energy began to rise, again. There has
Information been indications recently that
Administration said on Tues- Russia will be pushing for new
- 2018 until October when they
HISD courtesy photo ■* ■
Wylie Primary School awarded one student from each class with the Honesty Award but rose again to its current able to stop the price from did not seek to participate in
for this last six weeks. Pictured is (back row, from left) Jasmine Montelongo, Krislynn level. falling further. Officials from the shale revolution in the U.S.
Bell, Cash Jackson, Damien Stanley, Abbie Brooks and Francisco Castillo Rodriguez, The volatility in price was Russia were invited to attend However, with the acquisi-
(front row, from left) Lena Valdez, Jordan Del Angel, Naomi Olguin, Cohen Fllint, created by a surplus of oil. The the meeting, and eventually tion of Anadarko, one of the
increased production in the agreed to participate in the leaders in shale exploration
U.S. was a significant factor, production cuts of some 1.2 and production in Texas and
Annual U.S. crude oil produc- million b/d. It was the first U.S., Chevron will be a major
tion averaged a record 10.96 time Russia had agreed with player in the future,
million barrels per day (b/d) in OPEC to cut production.
2018, 1.6 million b/d (17 per- The relationship between
cent) higher than 2017. Texas Russia, which is one of the
was the largest producer with three largest oil producers solely of the author.
East Texas Drilling Report
For activity April 21 (Haynesville Shale); Hopper,
DEVELOPMENTAL BF/296; Gas; 12,000; 15.5
(County; Operator; Lease/ Miles SE Marshall
Well; Field; Survey; Type; Nacogdoches; Sonerra (Rodessa Hill, LO.); Walker,
Depth; Location) Resources Corp.; Moon Pie J/607; Oil; 8,500; 5.9 Miles
Gregg; Breitburn Operat- 36; Nacogdoches; Mora,
ing LP; Bumpus, John Gas JM/827; Oil/Gas; 650; 15
Unit 2; Willow Springs (Pet- Miles SE Nacogdoches
Robertson; Wildhorse 1H; Como (Rodessa Hill, LO.);
Resources Mngt Co. LLC; Bar- Walker, J/607; Oil; 8,000; 5
Harrison; Rockcliff Ener- wise EF Unit 1H; Giddings Miles NE Yantis
gy Operating LLC; Abney (Eagleford); Nixon, GA/31;
1215 HV Unit A 1H; Carthage Oil/Gas; 9,000; 10.2 Miles SE Co.; Wheeler-Smart 1H; Como
(Haynesville Shale); Mitchell, Hearne (Rodessa Hill, LO.); Walker,
GW/471; Gas; 12,000; 5 Miles Robertson; Wildhorse J/607; Oil; 8,000; 5 Miles NE
SW Waskom Resources Mngt Co. LLC;
Harrison; Rockcliff Ener- Terry EF Unit 1H; Giddings
gy Operating LLC; Abney (Eagleford); Nixon, GA/31;
1215 HV Unit A 2H; Carthage Oil/Gas; 9,000; 10.2 Miles SE Well; Field; Depth; Choke
(Haynesville Shale); Mitchell,
GW/471; Gas; 12,000; 5 Miles
SW Waskom Corp.; Hill LC-Landers (AW) Limestone; XTO Energy
Harrison; Sabine Oil & 1H; Gilmer (Cotton Valley Inc; Kennedy A-West Oaks
Gas Corp.; Furrh GR-Furrh Sands); Esparcia, MA/149; Allocation 1H; Freestone
WK (AW) 1H; Carthage Oil/Gas; 11,850; 8.5 Miles SW (CV-Bossier Cons.); 11,167;
■■
Aiden Fletcher and Ryan Sabella. They are pictured with principal Deana Griffith.
Agendas
MAIN STREET ADVISORY BOARD regu- Buildings update
lar meeting, 5:30 p.m. April 23 at Hen- • Consider and take action on planting
derson Civic Center Board Room. of additional landscaping on W. Main
• Consider and act on approval of Board St. update
Minutes for March 26, 2019
• Consider and act on financials
• Coordinator’s Monthly Report
• All Board Members encouraged to
attend Annual Main Street Training
• Review Historic District Map
• Discuss the required On-Line Train- May
ing for Open Meetings Act for Board
Members
• Consider and act on recommendations
to purchase of Christmas Wreaths due to recommendation for reappointments for
increase in prices effective June 1 five Board Members with terms Expiring
• Consider and take action on Irrigation June 1,2019
System in Pocket Park Update • Meeting update - next meeting is May
• Consider and take action on Art Work 7,2019
in Storefront Windows in Downtown •Adjourn.
The world of international
energy politics became even
more intriguing recently with
Russia participating in OPEC,
the President of the United
States calling on OPEC to
increase production because
gasoline “is too high,” the
rapid increase in oil and natu-
ral gas production and exports
in the U.S. making it a net
exporter for the first time, and
the acquisition of a leading oil
company by Chevron.
A key factor in all of these day exports of crude oil rose production targets allowing for
activities is the price of crude to 2 million b/d, nearly dou- some increases.
oil, which has been up and ble the 1.2 million b/d rate in
down and up again dur- 2017. Natural gas exports have future oil and natural gas
ing the past year. Oil closed increased 14 percent in 2018 production in the U.S. was
on Wednesday on the inter- over 2017 and a remarkable enhanced this week with the
national Brent exchange at 274 percent since 2008. announcement of Chevron
The increase in exports paying $33 billion for a leading
York Mercantile Exchange from the U.S. contributed independent, Anadarko Petro-
to the oversupply in the last leum Corp. Chevron, like many
The road has been bumpy, quarter of 2018, which caused other major integrated energy
Prices continued to rise in prices to soften. companies, had a strategy for
The member of OPEC met years of searching for bigger
dropped to a low in December to talk about options avail- reserves around the world, and
for this last six weeks. Pictured is (back row, from left) Jasmine Montelongo, Krislynn level.
The volatility in price was
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Moore, Dan & Griffin, Ashton. The Henderson News (Henderson, Tex.), Vol. 90, No. 10, Ed. 1 Sunday, April 21, 2019, newspaper, April 21, 2019; Henderson, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1236809/m1/2/?q=Lamar+University: accessed June 4, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Rusk County Library.