Latest Futurology Stories

AUSTIN, Texas, June 25, 2012 /PRNewswire/ -- TAP Management Austin TX reviews the supply of oil from the nation's top oil-producing states. According to the Energy Information Administration, Texas, Alaska, California, North Dakota and Oklahoma accounted for roughly 56 percent of the United States' domestic oil production levels in 2011. Overall, oil production from these states increased in 2011, with Texas and North Dakota experiencing the largest gains. In fact, North Dakota...

PLATTEVILLE, Colo., June 22, 2012 /PRNewswire/ -- Synergy Resources Corporation (NYSE MKT: SYRG), a domestic oil and gas exploration and production company focused in the Denver-Julesburg Basin (the "D-J Basin"), today announced the completion of its mid-year reserve analysis. The evaluation was prepared with an effective date of February 29, 2012, and reflects development activity during the first six months of the fiscal year. As of February 29, 2012, the Company had estimated...

HOUSTON, June 20, 2012 /PRNewswire/ - Enhanced Oil Resources Inc. (TSX-V: EOR) is pleased to announce that the three well lateral drilling program at the Company's wholly owned Milnesand San Andres oil field has commenced. As previously reported, the Company is initiating the first ever lateral drilling program at the Milnesand San Andres oil field, located in Roosevelt County, New Mexico. The initial program of 3 horizontal wells is expected to take approximately 30 to 45 days...

TULSA, Okla., June 20, 2012 /PRNewswire/ -- CAVU Resources, Inc. ("CAVU"), which trades as OTC:CAVR.PK, announce today that the company filed its first three months 2012 financials with www.otcmarkets.com and will move back to OTC Pink Current Information. During the quarter ended March 31, 2012, CAVU had a net operating gain totaled $750,590. All of the Company's revenues during this period were derived from the sales of the Company's gas and oil revenues and the sale of investment...

HOUSTON, June 19, 2012 /PRNewswire/ -- As a result of strong oil prices and technology advances making domestic shale resources accessible, the US oil and gas industry had a banner year for growth across several categories. Combined exploration and development spending increased 38% in 2011, according to Ernst & Young's annual US E&P benchmark study. Oil reserves grew by 9%, or 1.7 billion barrels, in 2011, while oil production increased 3%. Gas reserves and...

CALGARY, June 12, 2012 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) today reiterated production growth targets for 2012.  We continue to expect to deliver 10% organic production growth through a capital spending program designed to increase crude oil production significantly throughout the year and preserve the value of our core natural gas assets for the future. Approximately 70% of our forecasted $800 million capital spending in 2012 is weighted to crude...

The Millennium Project was honored at the IDG Computerworld 21st Century Achievement Awards as a member of the 2012 Laureate Honors Class, in recognition for its innovative approach to building a Global Futures Collective Intelligence System. (PRWEB) June 08, 2012 The Millennium Project was honored at the IDG Computerworld 21st Century Achievement Awards as a member of the 2012 Laureate Honors Class. “We have been recognized for our innovative approach to collaborative software and...

SALT LAKE CITY, June 7, 2012 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN) announced today that David N. Pierce, the Company's President and CEO will make a presentation at EnerCom's London Oil & Gas Conference on June 14, 2012. The presentation is scheduled for 11:05 a.m. in London; 6:05 a.m. Eastern and will be webcast. A link to the webcast will be available on the homepage of the FX Energy website at www.fxenergy.com. For those unable to participate during the live...

CALGARY, June 5, 2012 /CNW/ - Canadian crude oil production will more than double to 6.2 million barrels per day by 2030 from three million barrels per day in 2011, according to CAPP's 2012 Crude Oil Forecast, Markets and Pipelines Outlook. "Resurging growth in Western Canadian conventional oil production and new oil sands investments are driving the positive outlook," said Greg Stringham, vice-president, markets and oil sands. "Canadian oil is clearly on the global stage and...

Five universities have been selected to participate in the 2013 Exploration Habitat (X-Hab) Academic Innovation Challenge led by NASA and the National Space Grant Foundation. These universities will design habitat systems, concepts and technologies that could be used in future deep space habitats. The selection is the first milestone in a year-long process for these five teams. Throughout the 2012-2013 academic year, the teams will meet a series of milestones to design, manufacture,...