GeoBio Energy, Inc. today July 14, 2011 announced that it has signed a definitive agreement for the purchase of Lary Archer & Associates, Inc. Archer is head quartered in Weatherford, Texas, approximately 60 miles west of Dallas/Fort Worth International Airport. Archer provides services to the natural gas industry with a large array of specialty trailer mounted equipment, safety devices, mobile-nitrogen production units and flow monitoring equipment. Read more »

Chesapeake Energy Corporation rejected an inaccurate and misleading article in the Sunday, June 26, 2011 edition of the New York Times that accused the company of exaggerating natural gas shale wells’ productivity and industry reserve estimates of future well performance despite numerous available sources verifying the estimates. Read more »

Oil prices were roaring Thursday July 7, 2011 morning on bullish inventory and analyst reports and upbeat economic news.

West Texas Intermediate (WTI) light sweet crude oil for August delivery was spiking by $2.22 to $98.87 a barrel, while the September Brent crude contract was gaining $2.84 to $116.07, despite a weaker euro and stronger dollar. Read more »

Gas and oil drilling is a quickly growing industry, but Mahoning Valley landowners looking to capitalize should proceed with caution, according to a local lawyer and a nonprofit oil and gas leasing organization.

Many oil businesses, including Oklahoma City-based Chesapeake Energy Corp., one of the largest oil companies in the U.S., are using a newer tactic which, while perfectly legal, potentially could cost landowners thousands of dollars. Read more »