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Latest Extraction of petroleum Stories

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...

2010-06-07 07:00:00

EQU: TSX, NYSE CALGARY, Alberta, June 7, 2010 /PRNewswire-FirstCall/ - Equal Energy ("Equal", "we", "our") has signed a letter of intent to sell its non-core, non-operated deep sour gas interests in west central Alberta for estimated proceeds of $25 million. This divestiture includes the Ricinus well which has been mostly shut-in since July, 2009 due to low gas prices. First quarter 2010 production relating to this divestiture was negligible, while the assets contributed approximately 900...

2010-05-25 07:32:00

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...

2010-05-13 09:59:00

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...

2010-05-03 15:10:00

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...