Junior exploration and production company Crimson Exploration (CXPO:NASDAQ) announced Monday that it has started production of two wells in the Eagle Ford Shale.

A recent ruling on the Marcellus shale could bring the legality of thousands of oil leases into question.

Investment bank Raymond James recently announced that it was reiterating its Strong Buy rating for service provider Basic Energy Services (BAS:NYSE) and changing the company's target price to C$30.00.

The Eagle Ford play in southeast Texas presents local refineries with the opportunity to get crude oil at lower costs than using imported oil.

Financial services firm Dundee Securities recently reiterated its Neutral rating and C$2.40 target share price for oil and gas company RMP Energy (RMP:TSX).

At the Marcellus Shale Coalition's Shale Gas Insight conference on Thursday, legislative leaders announced that several legislative proposals would be introduced in the fall.

Energy services company Key Energy Services Inc. (KEG:NYSE) has a bullish outlook for next year in part because because of strong land fundamentals in the U.S., according to investment bank Raymond James.

The horizontal wells drilled by junior oil and gas company RMP Energy (RMP:TSX) in the Montney formation indicated test rates of 1,863 barrels of oil equivalent per day (boe/d), 1,413 boe/d and 434 boe/d.