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Latest Extraction of petroleum Stories

2011-04-06 06:00:00

San Angel Exploration Well Encounters Gas Shows, Testing Initiated; Canangucho-1 Exploration Well Plugged and Abandoned and Moqueta-5 Delineation Well Expected to Spud This Week CALGARY, April 6 /PRNewswire/ - Gran Tierra Energy Inc. (NYSE AMEX: GTE; TSX: GTE) ("Gran Tierra Energy"), a company focused on oil and gas exploration and production in South America, today announced a drilling and operations update in the Putumayo and Lower Magdalena Basins of Colombia, an acreage update...

2011-02-21 12:16:00

PARIS, February 21, 2011 /PRNewswire-FirstCall/ -- A program to drill stratigraphic* wells has begun on the CPO 17 license (Hocol-Operator 50% and Maurel & Prom 50%) in Colombia. This drilling campaign is targeting different geological objectives present in this license. The first well drilled to a depth of 864mt has shown the presence of "in situ" oil in the Basal Oligocene Sands. *Stratigraphic wells are drilled with lighter mining-type equipment. These lower cost drilling...

2011-02-18 07:00:00

HUNTSVILLE, Tenn., Feb. 18, 2011 /PRNewswire/ -- Miller Petroleum, Inc. dba Miller Energy Resources ("Miller") (Nasdaq: MILL) a high growth oil and natural gas exploration, production and drilling company announced today that it has received approximately $1.5 million from the Cook Inlet Pipe Line Company ("CIPL") as its 2010 true-up payment. Last November, the Regulatory Commission of Alaska ("RCA") approved a pipeline tariff settlement between Miller's Alaskan subsidiary, Cook Inlet...

2011-02-16 08:30:00

SEATTLE, Feb. 16, 2011 /PRNewswire/ -- The purpose of this press release is to briefly outline the accomplishments of Sand and Shale Oil Recovery (SASOR) and the assets it has accumulated over the nearly five years of its existence. To date nearly $2 million USD has been invested in its development both in patented and patent pending unconventional energy development and conservation devices. The Company is a private entity with two major shareholders: Thomas B. O'Brien and John N....

2011-02-07 07:51:00

HOUSTON, Feb. 7, 2011 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) today announced its 2011 capital investment program and expectations for production growth. In addition, Newfield disclosed initial drilling results from a new oil resource play, located in the Arkoma Basin's Woodford Shale play in Oklahoma. Newfield plans to invest approximately $1.7 billion in 2011. The planned budget excludes capitalized interest and overhead of approximately $170 million. This budget...

2011-01-05 13:07:00

PARIS, January 5, 2011 /PRNewswire-FirstCall/ -- - Update on Production in Nigeria - Update on the Appraisal of the OMOC-North Field in Gabon NIGERIA In Nigeria, operated production levels (oil + condensate) varied between 15,000 boepd and 30,000 boepd (with 20.25% attributable to Maurel & Prom) during the fourth quarter of 2010. This fluctuation was due to technical issues linked to production starting up again after the fields had been shut down for 15 months....

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...