Latest Barrel of oil equivalent Stories

TORONTO, April 30, 2012 /PRNewswire/ - Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) announced today that it has signed a binding agreement with InterOil Corporation (NYSE: IOC; POMSoX: IOC) whereby it can acquire a 10% net participating interest in the PPL237 Petroleum Prospect License and the Triceratops structure located within PPL237, onshore in Papua New Guinea for an estimated total investment of up to approximately U.S.$345 million. The investment will...

TORONTO, April 27, 2012 /PRNewswire/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today that it has reached an agreement with BPZ Resources, Inc. ("BPZ") (NYSE: BPZ) (BVL: BPZ) to enter into a series of transactions ultimately resulting in the acquisition of beneficial ownership of a 49% undivided participating interest (the "Participating Interest") in the Z-1 exploration and development block ("Block Z-1"), offshore in Peru. Under the terms...

DENVER, April 26, 2012 /PRNewswire/ -- Kodiak Oil & Gas Corp. (NYSE: KOG), an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota, today announced preliminary unaudited financial and operational results for the first quarter ended March 31, 2012. Kodiak has prepared the preliminary information based on the most current information available to management. Its normal closing and financial reporting processes with respect to...

HOUSTON, April 25, 2012 /PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE: COG) today announced the successful commencement of Marcellus production in its 7-mile step-out to the east at the Zick well pad, and success with longer laterals in the Lathrop area. Additionally, the Company reported three Marmaton well results, along with the performance of a down-spacing test in the Eagle Ford. Marcellus Production Update: Late in the first quarter, Cabot commenced free-flowing...

TORONTO, April 16, 2012 /PRNewswire/ - PetroMagdalena Energy Corp. (TSXV: PMD), a company focused on oil and gas exploration and production in Colombia, today announced today an update on its ongoing exploration program. Luciano Biondi, Chief Executive Officer, commented: "We are pleased to announce the continuation of our successful exploratory and development drilling program. The Copa 4 development well at Cubiro has extended the mapped reservoir area with higher formation...

TORONTO, April 11, 2012 /PRNewswire/ - Further to the release of PetroMagdalena Energy Corp's (TSXV: PMD) financial results yesterday, the Company wishes to provide additional information on its reserves, which are based on an independent reserve and resource assessment report prepared by Petrotech Engineering Ltd. ("Petrotech") following all industry standard procedures and in conformity to the COGE guidelines, as reported in the Company's NI 51-101 Form F1, filed on SEDAR at...

TORONTO, April 10, 2012 /PRNewswire/ - PetroMagdalena Energy Corp. (TSXV: PMD) has filed today its audited consolidated financial statements for the year ended December 31, 2011, together with its Management's Discussion and Analysis ("MD&A"), Forms 51-101 F1, F2, F3 and F4, and its Annual Information Form, for the corresponding period. These documents will be posted on the Company's website at www.petromagdalena.com and at www.sedar.com under the Company's SEDAR profile....

HOUSTON, March 25, 2012 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) will discuss the following operational highlights on Monday, March 26, during its presentation at the Howard Weil 40th Annual Energy Conference: Gross production reached 60 thousand barrels per day (MBbl/d) from the Aseng field offshore West Africa. Through mid-March, Aseng has produced 7.3 million barrels of oil with nearly 100% run time. Current production in the DJ Basin has reached a record 74 thousand...

CALGARY, Alberta, March 21, 2012 /PRNewswire/ - Equal Energy Ltd. ("Equal" or "the Company") (TSX: EQU) (NYSE: EQU) is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2011. Don Klapko, President and Chief Executive Officer commented, "I am pleased to report during 2011, Equal successfully executed on a number of key strategies, putting us in the best financial and operating shape we have seen in years. With a...

SCOTTSDALE, Ariz., March 21, 2012 /PRNewswire/ -- American Standard Energy Corp ("American Standard" or the "Company") (OTCBB: ASEN), a domestic oil and gas exploration and production company, today announced results for the twelve months ended December 31, 2011. Results compare the current period to our historical recast financial information in which certain information for the year ended December 31, 2010 includes the assets, liabilities, revenues and expenses of the properties acquired...