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Latest Extraction of petroleum Stories

2011-01-03 07:00:00

DENVER, Jan. 3, 2011 /PRNewswire/ -- Earthstone Energy, Inc., formerly Basic Earth Science Systems, Inc. (Earthstone or the Company) (OTC Bulletin Board: BSIC), reported that it has acquired an interest in five producing wells in Montana at a recent auction. The wells, located in the Outlook Field in Sheridan County, were producing a total of approximately 90 gross barrels of oil per day when they were purchased. Earthstone acquired a 26.5% working interest in the five wells for...

2010-11-15 11:19:00

PARIS, November 15, 2010 /PRNewswire-FirstCall/ -- - Flow Rate of 1,600 boepd - Extension of the Onal Field in the Southeast Confirmed Gabon AEE ONAL (operator, 85%) Maurel & Prom is able to confirm the success of the OMOC-N-302 delineation well in the Onal AEE. This well, with a total depth of 1,060 m, has encountered saturated hydrocarbon reserves in the Gres de base formation, with 39 m perforated. During testing on a 32/64'' choke, an eruptive flow rate...

2010-11-10 22:32:00

ALMATY, Kazakhstan, Nov. 10, 2010 /PRNewswire/ -- BMB Munai, Inc. (NYSE Amex: KAZ) announced today that oil production has commenced from a directional wellbore, drilled on the Kariman-3 well. During the first days of test production rates ranged to a high of 250 barrels per day, with stable average production of 170 barrels per day during the past five days using an electric submersible centrifugal pump on the well. The Kariman-3 well was drilled by the Company in 2007, targeting...

2010-11-05 15:47:00

KERRVILLE, Texas, Nov. 5, 2010 /PRNewswire/ -- Quest Oil Corp. (Pink Sheets: QOIL) announced the ongoing workover program on the Hawkeye-Midkiff fields in Eastland County, Texas has resulted in the anticipated increase in daily production. Additional well hook-ups will continue to increase and improve production from the previous week's operations. Mr. Joe Wallen, CEO and Director of Quest Oil commented, "Operations will be ongoing for some time, placing additional wells into...

2010-09-30 06:00:00

CALGARY, Sept. 30 /PRNewswire-FirstCall/ - MegaWest Energy Corp., (the "Company", or "MegaWest"), (OTCBB:MGWSF) is pleased to provide an operations update for field operational activities for its heavy oil operations in Missouri. In September 2009 MegaWest re-started steam injection at its Deerfield, Missouri property and the initial oil production response to steam injection on both the Marmaton River and Grassy Creek projects was positive. Certain equipment upgrades are currently underway...

2010-09-20 00:06:00

PARIS, September 20, 2010 /PRNewswire-FirstCall/ -- Maurel & Prom (operator 100%) announces the success of the second exploration well (SAB-SE-1) drilled in the Sabanero permit. The exploration well found 12 API crude oil in the Carbonera C7 formation. The purpose of this second drilling was to confirm the productivity of the discovery and the thickness of the reservoir. The Sabanero SE-1 exploration well has been drilled to 3,241 ft (988 m) (MD) and found oil in the Carbonera C7...

2010-08-26 06:00:00

Well flows up to 1,077 BOPD from two zones independently without pumps, 850 BOPD comingled; no oil-water contacts identified CALGARY, Aug. 26 /PRNewswire-FirstCall/ - Gran Tierra Energy Inc. ("Gran Tierra Energy") (AMEX: GTE; TSX: GTE), a company focused on oil and gas exploration and production in South America, today announced that it had completed initial testing of the Moqueta-2 delineation well in the Moqueta new field discovery on the Chaza Block in the Putumayo Basin, Colombia. Gran...

2010-07-11 17:10:00

MINNEAPOLIS, July 11 /PRNewswire-FirstCall/ -- Avalon Oil & Gas, Inc., ("Avalon") (OTC Bulletin Board: AOGN) is pleased to announce that it has entered into a letter agreement to acquire an undivided one hundred percent (100%) working interest in a 320-acre leasehold in Vernon County, Missouri. The leasehold contains over 70 wellbores, with over 20 wellbores equipped for production. Vernon County, Missouri has produced oil since 1953. The Shell Oil Company, Phillips Petroleum and...

2010-06-29 15:50:00

DENVER, June 29 /PRNewswire-FirstCall/ -- Kodiak Oil & Gas Corp. (NYSE Amex: KOG), an oil and gas exploration and production company with assets in the Williston Basin of North Dakota and Montana and in the Green River Basin of southwest Wyoming and Colorado, today provided an interim update on its Williston Basin oilfield activities. Kodiak currently operates a two-drilling-rig program in the Williston Basin, with one rig running in Dunn County, N.D. and the second rig drilling...

2010-06-25 10:53:00

OKLAHOMA CITY, June 25 /PRNewswire-FirstCall/ -- The Beard Company (OTC Bulletin Board: BRCO) ("Beard" or "the Company") today provided investors with the following operational update. Dilworth Field. The Dilworth Field infrastructure, including nine production wells, three salt water disposal wells ("SWDWs"), all associated conveyance and manifold piping, free water knockouts, and a 30 gallon-per-minute ("gpm") Amine plant, is now complete with the exception of the final hookup of two...


Word of the Day
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'