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Latest Fossil fuel Stories

2013-02-08 16:21:00

HOUSTON, Feb. 8, 2013 /PRNewswire/ -- Fossil Oil Company, LLC announces its newest gas/condensate discoveries by first drilling the deep, 3D seismic-based Cook Mountain well in Liberty Co., TX, and a second oil/gas discovery by drilling a dual-stacked, horizontal well into the Buda and Georgetown formations in Brazos Co., TX. The Bandit #1 Well is a deep 15,000' Cook Mountain (Yegua Sand) formation that tested on a conservative 7/64(th) choke flowing 140 Barrels of Oil and 1.3...

2013-02-06 00:20:31

CALGARY, Feb. 5, 2013 /PRNewswire/ - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to release a summary of the Company's year-end 2012 reserves as reported by the independent engineering firm McDaniel and Associates Consultants Ltd. ("McDaniel"). YEAR-END 2012 RESERVES 2012 Year-End Reserve Highlights -- Perpetual added 19.5 MMBoe of proved and probable reserves in 2012, excluding production, net dispositions and...

2013-01-22 08:24:59

FRISCO, Texas, Jan. 22, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) announced today that its proved oil and natural gas reserves as of December 31, 2012 were estimated at 39 million barrels of crude oil and 477 billion cubic feet ("Bcf") of natural gas or 712 billion cubic feet of natural gas equivalent ("Bcfe") as compared to total proved reserves as of December 31, 2011 of 1,311 Bcfe. The Company's proved oil reserves increased 22% in 2012 and now...

2013-01-15 16:21:37

LAFAYETTE, La., Jan. 15, 2013 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced its estimated year-end 2012 proved reserves were 129 Mmboe (million barrel equivalents) or 773 Bcfe (billion cubic feet of natural gas equivalent), as compared with 100 Mmboe or 602 Bcfe at year-end 2011, representing a 28% increase in its estimated proved reserves. From all sources, Stone replaced approximately 288% of production in 2012. The estimated proved reserves were 35% oil, 14% natural...

Researchers Use Ice Cream To Make Fossil Fuels
2012-12-17 18:15:35

Lawrence LeBlond for redOrbit.com - Your Universe Online The next time you are eating your favorite ice cream sundae or are in the shower lathering up your body with soap; try to think about how those two vastly different items could change the world around you. Now think of certain chemicals that are found in both of them and wonder what they have in common. To help you out, scientists at the University of Manchester have conducted a study showing how ice cream and soap can turn our...

2012-12-06 08:22:39

LONDON, Dec. 6, 2012 /PRNewswire/ -- As a result of growth in Asia-Pacific gas reserves, investments in Canada's oil sands and the dramatic increase of US shale reserves, worldwide oil and gas reserves increased in 2011. Worldwide oil reserves grew by 1% in 2011, while gas reserves rose by 4%. Oil and gas revenues experienced 27% growth in 2011. Underpinning this growth was an increase in combined exploration and development spending of 19% in 2011 to US$384b,...

2012-11-06 11:14:22

Climate change and extreme weather events grab the headlines, but there is another, lesser known, global change underway on land, in the seas, and in the air: acidification. It turns out that combustion of fossil fuels, smelting of ores, mining of coal and metal ores, and application of nitrogen fertilizer to soils are all driving down the pH of the air, water, and the soil at rates far faster than Earth's natural systems can buffer, posing threats to both land and sea life. "It's a...

2012-11-06 08:21:22

DENVER, Nov. 6, 2012 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) announced today that it has entered into an agreement to sell for $294 million certain non-core long-lived oil and gas properties in Texas. The sale is expected to close before year-end 2012 and is subject to satisfactory completion of customary due diligence. The properties have current production of approximately 2,550 barrels equivalent per day (75% oil) and proved reserves of 9.4 million barrels equivalent. About...

Renewable Energy Use Up, Overall Energy Down In 2011
2012-10-25 15:04:40

Brett Smith for redOrbit.com - Your Universe Online As Americans consumed less energy last year than the year before, that energy was--more than ever before--generated by renewable energy sources, according to a series of flow charts released by the federally funded Lawrence Livermore National Laboratory. The laboratory said that a shift to more energy efficient technologies in the transportation and residential sectors was behind the drop in energy consumption, from 98 quadrillion...

2012-10-15 07:22:35

WASHINGTON, Oct. 15, 2012 /PRNewswire/ -- America's policymakers need to consider whether energy independence is really necessary to achieve adequate, reliable and affordable energy supplies, according to a new report from Deloitte. (Logo: http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a)(Logo: http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-b) The report - "Energy Independence and Security: A Reality Check" - explains that the United States already enjoys significant energy...