Latest Extraction of petroleum Stories

KNOXVILLE, Tenn., May 9, 2012 /PRNewswire/ -- Miller Energy Resources ("Miller") (NYSE: MILL) announced today that it has promoted David B. Wright to Executive Vice President - Tennessee Operations. Mr. Wright will oversee the day-to-day operations in Tennessee as well as the long term strategies for development of Miller's Tennessee acreage, emphasizing new oil production from the Mississippian Lime. He has over 30 years of experience in the oil and gas industry in Tennessee, and...

VANCOUVER, British Columbia, May 8, 2012 /PRNewswire/ -- Lexaria Corp (LXRP-OTCQB) (LXX-CNSX) (the "Company" or "Lexaria") is pleased to announce that a rig is on-site at the Belmont Lake Oilfield to perform workovers on the 12-1 and 12-3 wells. Fortunately, the Mississippi River has fallen below flood-stage earlier this spring than it has during the last several years, and as a result field access has already been achieved - nearly three months earlier than last year. These were...

DENVER, April 24, 2012 /PRNewswire/ -- Gasco Energy, Inc. (NYSE Amex: GSX) today provided an interim operations update on its Riverbend Project in Utah's Uinta Basin and on its California projects in the San Joaquin Basin. Riverbend Project Operations Update Green River Oil Well Completion OperationsAs previously announced, during Q1-12 Gasco successfully completed two Green River Formation oil wells, the Federal #34-19 and the Federal #23-30. The wells are on artificial lift...

HOUSTON, TX, April 11, 2012 /PRNewswire/ - Enhanced Oil Resources Inc. (TSX-V: EOR) is pleased to provide the following update regarding the Company's operations for April. As previously reported, the Company's primary goals for 2012 are to add production and reserves through infill drilling at the Milnesand oil field, located in Chavez County, New Mexico, to evaluate the Chaveroo oil field for potential infill drilling and to further the planning and permitting of a 41 mile...

Block "F" Exploration Well on Ardenica Structure is Currently Drilling CALGARY, April 10, 2012 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK) (AIM: BNK) is pleased to announce the following first quarter operational update. Production and Oil Prices The average first quarter 2012 production was 14,120 barrels of oil per day ("bopd"), 2% higher than the fourth quarter 2011 rate. Oil sales from the Patos-Marinza oilfield in Albania during the...

HOUSTON, TX, March 9, 2012 /PRNewswire/ - Enhanced Oil Resources Inc. (TSX-V: EOR) is pleased to provide the following update regarding the Company's operations activity for March. As previously reported the Company's goal for 2012 is, among other things, to add production and reserves through infill drilling at the Milnesand and Chaveroo oil fields, located in Chavez and Roosevelt Counties, New Mexico and to further the approval and construction of a 41 mile CO2 pipeline, by...

NEW YORK, Feb. 23, 2012 /PRNewswire/ -- Lighthouse Petroleum, Inc. (OTC Pink: LHPT) is pleased to announce it has closed and fully paid for a participation interest in a 12,000 ft. well located in St. Helena Parish, Louisiana. Management was on site Wednesday, February 22, 2012 for the beginning of operation. The current plan of operation calls for the local operator to install a submersible pump in the well. Management believes the submersible pump, which has the capacity of...

TOPEKA, Kan., Feb. 13, 2012 /PRNewswire/ -- Nikron Technologies, Inc. (OTC Pink: NKRN) has developed cutting edge technology which relates to high temperature steam generators for use in the production of heavy oil. As much as 60-80% of oil contained in mainland U.S. reservoirs has been left behind because it was too difficult and expensive to extract up until now. Nikron presents a cost effective solution to oil recovery which eliminates the costs and uncertainties associated...

SANTA BARBARA, CA, Feb. 6, 2012 /PRNewswire/ - Underground Energy Corp. ("Underground", "UGE" or the "Company") (TSX VENTURE: UGE) today announced that it has signed a drilling contract with Houston-based Key Energy Services to secure a drilling rig for the initial portion of the Company's 2012 drilling program. The contract provides for drilling and completing a minimum of five wells with an option for an additional five wells. The rig is expected to move to the first location...

ST. PETERSBURG, Fla., Jan. 25, 2012 /PRNewswire/ -- US Natural Gas Corp (OTCQB: UNGS), an energy exploration company with operations in the Appalachian Basin, is pleased to announce that it has reached terms to acquire two producing oil wells adjacent to the Company's current leasehold base in Edmonson County, KY. (Logo: http://photos.prnewswire.com/prnh/20110303/HS58643LOGO ) The GV No. 1 was drilled and completed in September 1987 to a total depth of 1257' with production...