Fayetteville Shale: EPEX Edge Petroleum Update 10/16/08

Edge Petroleum is out with an update on the Fayetteville Shale.

In the Fayetteville/Moorefield Shale play in Arkansas, we plan to participate with our partners in the drilling of at least two to three wells early in 2009. The proposed locations are near recently completed wells with initial rates in excess of 2 MMcfe per day. In addition, we continue to seek a permit from the Arkansas Oil & Gas Commission to re-inject produced water into an existing well. Once granted, we plan to bring three shut in wells with working interests from 80% to 100% back online. These wells, which tested at very favorable initial gas rates remain shut-in due to excessive water production from an underlying water-bearing formation.

http://www.edgepet.com/fw/main/default.asp?DocID=82&reqid=1212826

XTO Energy CFO Sells Stock

Independent oil and gas producer XTO Energy Inc.'s executive vice president and chief financial officer Louis Baldwin has sold 535,700 shares of the company’s common stock.

It hasn't been certain whether this was involuntary like last weeks dumping by Chesapeake Energy's CEO.

XTO Energy is very active in the Marcellus Shale, Bakken Shale, and Haynesville Shale

http://finance.yahoo.com/q/it?s=XTO