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Last updated on April 16, 2014 at 17:34 EDT

Latest Extraction of petroleum Stories

2014-01-16 00:20:20

CAMARILLO, CA, Jan. 15, 2014 /PRNewswire/ - BNK Petroleum Inc. (the "Company" or "BNK") (TSX: BKX), is providing an update on its Tishomingo Field, Caney oil shale operations in Oklahoma as well as its Polish shale gas project. Oklahoma - Tishomingo Field BNK's strategy for its 2013 Caney drilling program was to prove the productivity of the Caney formation in our Tishomingo field. The Company's efforts were focused on increasing the oil rate of each consecutive well, reducing...

2014-01-06 08:21:52

BEDFORD, Texas, January 6, 2014 /PRNewswire/ -- PetroTech Oil and Gas Inc. (OTC: PTOG) (the "Company" or Petrotech") today announced that PTOG and their partner on this program have acquired all of the necessary equipment to rework four wells on the Nowata lease in Oklahoma. The company has spent more than $182,000.00 to date including Pump Jacks and Tank Barrels. They have repaired all the infrastructure, built new pads, and roads, and have hired the contractor to complete...

2013-12-09 16:23:24

TORONTO, Dec. 9, 2013 /PRNewswire/ - Eagleford Energy Inc. (OTCBB: "EFRDF") ("Eagleford Energy" or the "Company"), announces that together with its wholly owned subsidiary, Eagleford Energy, Zavala Inc., ("Eagleford Energy") has entered into a Joint Development Agreement with Stratex Oil and Gas Holdings, Inc., ("Stratex") (OTCBB: STTX) to facilitate the exploration and development of the oil and gas resources within and underlying the Matthews Lease, a 2629 acre tract of land in...

2013-10-29 11:09:11

After 10 years of production, shale gas in the United States cannot be considered commercially viable, according to several scientists presenting at the Geological Society of America meeting in Denver on Monday. They argue that while the use of hydraulic fracturing and horizontal drilling for "tight oil" is an important contributor to U.S. energy supply, it is not going to result in long-term sustainable production or allow the U.S. to become a net oil exporter. Charles A.S. Hall,...

2013-10-24 08:26:36

BEDFORD, Texas, October 24, 2013 /PRNewswire/ -- PetroTech Oil and Gas, Inc. (OTC: PTOG) announces they have ordered New Oil Production Tanks, and roads are being set at their new acquisition in Nowata, Oklahoma. Salt-water tanks have already been delivered and the reworking of the first five wells of their new acquisition of the 80-acre lease in Nowata, Oklahoma is under way. The lease known, as the Brown lease, has 12 existing oil and gas wells and one disposal well that...

2013-10-15 12:22:12

SPOKANE, Wash., Oct. 15, 2013 /PRNewswire/ -- Daybreak Oil and Gas, Inc. (OTC: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that its second consecutive successful oil well has been drilled in the recently-acquired Twin Bottoms Field Project in Lawrence County, Kentucky. The Gerald Grove H-3 well was drilled to a measured depth ("MD") of 4,461 feet and a true vertical depth ("TVD") of 1,175 feet. Logs and other measurement data indicate that...

2013-09-04 08:24:00

First Discovery in West Africa an Important Milestone CALGARY, Sept. 4, 2013 /CNW/ - Elephant Discovery Oryx Petroleum Corporation Limited ("Oryx Petroleum" or the "Corporation") today announced that the E-1 exploration well targeting the Elephant (formerly Xiang) prospect in the Haute Mer A license area in Congo (Brazzaville) discovered natural gas and crude oil. The Elephant discovery will be tested in early 2014 as part of the multi-well drilling and testing program in...

2013-05-20 12:22:27

SPOKANE, Wash., May 20, 2013 /PRNewswire/ -- Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the third well in the current drilling program at the East Slopes Project in Kern County, California. The Sunday #5 well was drilled to 2,044 feet and encountered approximately 20 feet of oil pay in the Vedder Sand. The Company owns a 37.5% working interest in the Sunday #5 well. This drilling rig has been moved...

2013-05-15 08:24:50

INVER GROVE HEIGHTS, Minn., May 15, 2013 /PRNewswire/ -- Blue Earth Resources, Inc. (OTCPINK: BERI), through its wholly-owned Petro Resources subsidiary, has completed a material expansion of its Louisiana acquisition announced on May 8, 2013. The initial acquisition involved a 37.5% WI (working interest) in Spider Field leases in DeSoto Parish, LA. BERI has now acquired an additional 25% WI in these 14 Spider Field wells for consideration of 8 Million shares of restricted common stock of...

2013-04-30 08:23:52

CALGARY, Alberta, April 30, 2013 /PRNewswire/ -- Madalena Ventures Inc. (TSXV: MVN) (the "Company" or "Madalena") is pleased to provide information on the Company's unconventional shale resources on its three land blocks within the Neuquen basin, Argentina. These resources were evaluated by Ryder Scott Petroleum Consultants Ltd. ("Ryder Scott") in a report dated effective December 31, 2012 (the "Resource Report"). All of the Company's international properties, which are...