Law360, Houston (December 17, 2012, 8:10 PM ET) -- A Houston-based energy investment affiliate of Carlson Capital LP and Bluescape Resources announced Monday that it had acquired a piece of upstream oil and gas company Texas American Partners LLC for $140 million, adding to its North American portfolio. Parallel Resource Partners LLC, the general partner to a private equity fund focused on making controlled investments in "distress-driven opportunities in the North American upstream oil and … [Read more...]

AUSTIN, TEXAS – Texas American Resources Company (“TARC” or the “Company”) today announced the successful completion of its first operated Eagle Ford well, the Haug-Kieschnick 33-102H, with a 30-day average initial production rate of 599 Boepd.  This well has a lateral length of approximately 4,200’ with 16 frac stages and is located in the oil-window of the Eagle Ford Shale in La Salle County.  TARC’s second operated well, the Haug-Krueger 33-104H, was also successfully … [Read more...]

AUSTIN, TEXAS — Texas American Resources Company ("TARC" or the "Company") today announced that its affiliate TARH E&P Holdings, L.P. ("TARH") has entered into a definitive agreement to sell its Denver-Julesburg (DJ) Basin properties to Bill Barrett Corporation for $150 million. The sale includes the Company's existing production, proved reserves, and Niobrara oil development opportunities on its approximate 28,000 net acres of leasehold in Weld and Adams Counties, Colorado and Laramie … [Read more...]

AUSTIN, TEXAS — Texas American Resources Company ("TARC" or the "Company") today announced that its initial Niobrara well, the Talmadge 44-17H, produced at a peak 24-hour rate of 446 barrels of oil per day. The well, located in Laramie County, Wyoming, was drilled to a total measured depth of 11,498 feet with a lateral length of 4,518 feet and was fracture stimulated with 12 stages. David Honeycutt, President and CEO of TARC said, "The Talmadge well is a good first start for our company in … [Read more...]

AUSTIN, TEXAS — Texas American Resources Company ("TARC" or the "Company") today announced that its affiliate TARH E&P Holdings. L.P. ("TARH") has completed a farmout on a portion of its Eagle Ford and Buda acreage in South Texas. This transaction is strategically important as it will allow the Company to develop a portion of its lease acreage that was otherwise subject to continual drilling obligations or primary lease term expirations. If all options in the farmout agreements are … [Read more...]