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Latest Extraction of petroleum Stories

2011-05-01 00:09:03

Texas has produced more oil than any other state, and to date remains the largest daily producer. Big K Energy has been utilizing the most advanced exploration and production technologies for oil recovery from the first oil boom in Texas. More importantly Big K Energy is taking advantage of significant opportunities for incremental recovery in advanced exploration and production technologies. A report on oil production in Texas states, "On average only 35 percent of original oil in place...

2011-04-12 07:00:00

DENVER, April 12, 2011 /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 First Quarter 2011 Operations Update Completion Operations During the first quarter 2011, Gasco recompleted one natural gas well (1.0 gross / 0.3333 net) in the Uinta Basin. The Company is on schedule to commence drilling operations on two wells to...

2011-04-11 21:15:00

CALGARY, April 11 /PRNewswire-FirstCall/ - (TSX: PMT) - Perpetual Energy Inc. ("Perpetual" or the "Corporation") is pleased to confirm that its dividend to be paid on May 16, 2011 in respect of income received by Perpetual for the month of April 2011, for shareholders of record on April 25, 2011, will be $0.03 per share. The ex-dividend date is April 20, 2011. The April 2011 dividend brings cumulative dividends (including distributions paid since the inception of Perpetual's predecessor,...

2011-04-11 15:56:00

BELLEVUE, Wash., April 11, 2011 /PRNewswire/ -- Westmont Resources, Inc. (OTCQB: WMNS) ("Westmont"), today announced that it is in final negotiations to widen its investments into its EcoRecovery4 system ("ER4"). The company previously announced an MOU Agreement with Parker Technology Inc for the inclusion of their Heavy Oil Extraction technology as the core component of ER4. Westmont is in final negotiations to increase its investment in Parker and its innovative oil extraction method....

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....


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.