Latest Barrel of oil equivalent Stories

CALGARY, Alberta, December 5, 2011 /PRNewswire/ -- Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX: CPG) is pleased to announce a $1.1 billion capital development budget for 2012. Execution of the budget is expected to increase average daily production by approximately 10 percent to 80,000 boe/d, with a 2012 exit rate of greater than 85,000 boe/d. In addition, the Company is upwardly revising its 2011 exit rate to more than 80,000 boe/d from 77,500 boe/d...

HOUSTON, Nov. 9, 2011 /PRNewswire/ -- Evolution Petroleum Corporation (NYSE Amex: EPM) today reported results for the first fiscal quarter ended September 30, 2011 ("Q1-12"), with comparisons to the three months ended June 30, 2011 ("Q4-11") and the prior year quarter ending September 30, 2010 ("Q1-11"). Q1-12 net income was $1.1 million or $0.04 per basic share, and $1.0 million or $0.03 per diluted share attributable to common stockholders. This compares to basic and diluted net income...

CALGARY, Nov. 3, 2011 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX: PWT) (NYSE: PWE) ("PENN WEST") is pleased to announce its results for the third quarter ended September 30, 2011 ------------------------------ Over the last two years, Penn West has demonstrated the ability to add value through the application of horizontal multi-stage technology to our assets. From the beginning of 2010 to year end 2011, we anticipate increasing our light-oil production to 51 percent of our...

LAFAYETTE, La., Nov. 1, 2011 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced financial and operational results for the third quarter of 2011. Some of the highlights include: Net daily production for the third quarter of 2011 averaged 34.2 MBoe (205 MMcfe) per day. Volumes were impacted by greater-than-expected downtime due to Gulf of Mexico (GOM) shut-ins from Tropical Storm Lee, Appalachian shut-ins from Hurricane Irene, and unplanned third party pipeline downtime in...

HOUSTON, Oct. 27, 2011 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") today announced preliminary results for the third quarter of 2011 and provided an updated financial outlook for the fiscal year 2011. Drilling and Production During the third quarter of 2011, Oasis completed and placed on production 22 gross operated wells (17.4 net) in the Bakken and Three Forks formations. Of the 22 gross operated wells completed during the third quarter, nine were...

CALGARY, Oct. 26, 2011 /PRNewswire/ - Equal Energy Ltd. ("Equal" or the "Company") (TSX: EQU): (NYSE: EQU) announces that it has entered into definitive agreements to sell several non-core properties in Canada for a total cash consideration of $49.35 million (the "Asset Dispositions").  The proceeds from the Asset Dispositions will be used to reduce outstanding debt. Don Klapko, President and CEO commented, "We are pleased to advance the sale of non-core assets with the...

HOUSTON, Sept. 7, 2011 /PRNewswire/ -- Evolution Petroleum Corporation (NYSE Amex: EPM) today reported year-end reserves, operations update and financial results for its fourth quarter and fiscal year-ended June 30, 2011 ("Q4-11" and "FY-11", respectively), along with its capital plan for 2012. Year end Reserves - Assigned by independent reservoir engineers at June 30, 2011 Proved Reserves (net to EPM): Proved reserves increased by 1.4 million barrels of oil equivalent (MMBOE) to 13.8...

CALGARY, Alberta, August 31, 2011 /PRNewswire/ -- NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES Crescent Point Energy Corp. ("Crescent Point" or the "Company") is pleased to announce that it has acquired approximately 750 boe/d of production and more than 78 net sections of lower-risk land in North Dakota, U.S., through two strategic acquisitions (the "Acquisitions"). As a...

CUT BANK, MT, Aug. 30, 2011 /PRNewswire/ - Mountainview Energy Ltd. (TSXV: MVW) ("Mountainview" or the "Company") is pleased to announce that 5,975,753 of the outstanding warrants have been exercised for a total of $1,912,241.  These warrants were issued with the RTO Private Placement completed on February 14, 2011 and expired on August 14, 2011. The Company will use the proceeds from the exercise of these warrants to fund horizontal Bakken and Three Forks drilling...

Completion of Glacier Phase III Expansion Results in 22% Production Growth & Lower Operating Costs. Glacier Phase IV Program Underway (TSX: AAV, NYSE: AAV) CALGARY, Aug. 11, 2011 /PRNewswire/ - Advantage Oil & Gas Ltd. ("Advantage" or the "Corporation") is pleased to announce our financial and operating results for the three months ended June 30, 2011. The following table summarizes the unconsolidated financial and operating highlights for Advantage:...