Latest Extraction of petroleum Stories

HUNTSVILLE, Tenn., May 25 /PRNewswire-FirstCall/ -- Miller Petroleum, Inc. dba Miller Energy Resources ("Miller") (Nasdaq: MILL) announced today that it has completed the rework of its West McArthur River Unit (WMRU) 1A well which initially tested at 33 BOED and is now in full production. This marks the third straight successful well recompletion on three attempts for Miller in Alaska this year. Earlier in 2010, Miller announced the successful recompletion of the WMRU-5 and WMRU-6 wells...

Cusip: #585168 107 CALGARY, May 12 /PRNewswire-FirstCall/ - MegaWest Energy Corp., (the "Company" or "MegaWest"), (OTCBB:MGWSF) is very pleased to announce that its thirty day trailing average production rate has reached approximately 250 barrels of oil per day ("bopd"). During this 30-day period oil production rates have ranged from a low of 170 bopd to a recent high of 348 bopd. Oil production rates indicate that the steam drive process is performing as designed in each of the Company's...

FRISCO, Texas, May 3 /PRNewswire-FirstCall/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the three months ended March 31, 2010. Financial Results for the Three Months Ended March 31, 2010 Comstock reported net income of $7.3 million or 16 cents per diluted share for the first quarter of 2010 as compared to 2009's first quarter net loss of $5.7 million or 12 cents per share. The improved profits for the first...

Bankers announces third Drilling Rig CALGARY, April 12 /PRNewswire-FirstCall/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to announce that the Production Sharing Contract ("PSC") for Block "F" has been finalized. As announced on December 4th, 2009, the main terms and conditions for a production sharing agreement for the Block "F" exploration acreage application had been accepted by the National Agency of Natural Resources of Albania ("AKBN")....

Current production exceeds 9,500 bopd CALGARY, April 7 /PRNewswire-FirstCall/ - Bankers Petroleum Ltd.("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to announce the following operational and corporate updates. Production First quarter 2010 production averaged 8,282 bopd from the Patos Marinza oilfield in Albania, a 14% increase from the fourth quarter 2009 production of 7,234 bopd. Total current production is in excess of 9,500 bopd. Bankers average wellhead oil price for...

CALGARY, Alberta, March 29, 2010 /PRNewswire-FirstCall/ - Enterra Energy Trust ("Enterra" or the "Trust") provides an operations update on its Cardium play in Alberta, and its Circus Viola and Hunton plays in Oklahoma and other developments. In mid-March, the first of two planned 2010 Cardium oil well tests in the Lochend area of Alberta was spudded. We anticipate that drilling will be completed on the first well in April, to be followed by a multi-stage fracture stimulation and test...

PARIS, March 17, 2010 /PRNewswire-FirstCall/ -- TANZANIA: Bigwa Rufiji Mafia exploration license Maurel & Prom 60% operator PetroQuest 20% Hollick 20% OBJECTIVES Mafia Deep drilling began 4 August 2008. The initial target depth was 4,600 m. While drilling was underway, interpretation of well data led to the reinterpretation of the seismic data and the target was changed to approximately 5,600 m depth. The gas targets...

DALLAS, March 16 /PRNewswire-FirstCall/ -- Pilgrim Petroleum Corporation (Pink Sheets: PGPM) (FWB: PHV), an independent oil and gas company based in Dallas, Texas, is pleased to announce the reactivation of Scavenger Oil Recovery's services including its Nitrogen Membrane Injection System. The device is deployed in a portable unit, designed to be mobile for use in both "huff and puff" and "dedicated drive" marginal well development scenarios. The technology has been previously field tested...

FRISCO, Texas, Feb. 8 /PRNewswire-FirstCall/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the three months and year ended December 31, 2009. Reported results for the year ended December 31, 2008 reflect the Company's offshore operations, which were sold during 2008, as discontinued operations. Financial Results for the Three Months Ended December 31, 2009 Comstock reported a net loss of $6.8 million or 15 cents per...

Trading Symbol: NRS VANCOUVER, Dec. 16 /PRNewswire-FirstCall/ - Norwood Resources Ltd. (the "Company') wishes to update shareholders regarding the status of current drilling and testing operations for the San Bartolo-1X2 sidetrack well in Nicaragua. The current depth of the well is 6340'. As previously released, the objective of this sidetrack well is to evaluate fluid content and potential productive oil flow rates from up to four (4) priority pay zones identified on logs from the Upper...