Latest oil production Stories
HOUSTON, May 9, 2013 /PRNewswire/ - Enhanced Oil Resources Inc. (TSX.V: EOR; OTCQX: EORIF) (EOR or the "Company") is pleased to provide the following update regarding the Company's year-end 2012 oil and gas reserves and operations results for the first quarter of 2013. The Company's key business objectives for 2013 are to continue our focus towards increasing oil production and oil reserves at the Crossroads and Milnesand oil fields, to further evaluate the infill potential at...
FRISCO, Texas, April 29, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the three months ended March 31, 2013. Financial Results for the Three Months Ended March 31, 2013 Comstock reported a net loss from continuing operations of $24.5 million or 52¢ per share for the first quarter of 2013 as compared to net income from continuing operations of $1.4 million or 3¢ per diluted share for...
FORT WORTH, TX, March 8, 2013 /PRNewswire/ - Breezer Ventures Inc. (BRZV) (OTCQB:BRZV.PK) ("Breezer" or the "Company") is pleased to provide an update of its operations in the Jackson Oil and Gas Leases located in Texas. In March 2012, the Company drilled on Well #6 into the Moran zone. The Company achieved initial production and is currently studying how to increase the oil production. In April 2012, the Company signed a joint venture agreement with Tristar Energy Group...
Fat worms confirm that researchers from Michigan State University have successfully engineered a plant with oily leaves -- a feat that could enhance biofuel production as well as lead to improved animal feeds. The results, published in the current issue of The Plant Cell, the journal of the American Society of Plant Biologists, show that researchers could use an algae gene involved in oil production to engineer a plant that stores lipids or vegetable oil in its leaves – an uncommon...
Oil sands production increases 35% in 2012 -- Proved bitumen reserves at the end of 2012 were more than 1.7 billion barrels (bbls), up 18% from 2011. -- Economic bitumen best estimate contingent resources at year end were 9.6 billion bbls, a 17% increase over 2011. -- Combined oil sands production at Foster Creek and Christina Lake averaged nearly 90,000 barrels per day (bbls/d)...
FRISCO, Texas, Feb. 11, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the three months and year ended December 31, 2012. Comstock also announced that it is restating results for the first three quarters of 2012 to reflect a change in the method used to account for the Company's crude oil derivative financial instruments. Financial Results for the Three Months and Year Ended December 31,...
FRISCO, Texas, Oct. 29, 2012 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the three months and nine months ended September 30, 2012. Financial Results for the Three Months and Nine Months Ended September 30, 2012 Low natural gas prices continue to adversely impact the Company's financial results for the third quarter of 2012 as Comstock reported a net loss of $26.0 million or 56 cents per...
All financial figures are unaudited and in Canadian dollars (CDN$) unless noted otherwise. All financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRS"). This news release includes forward-looking statements and information within the meaning of applicable securities laws. Readers are advised to review "Forward-Looking Information and Statements" at the conclusion of this news release. Readers are also referred to...
DENVER, Aug. 2, 2012 /PRNewswire/ -- Cimarex Energy Co. (NYSE: XEC) today reported second-quarter 2012 net income of $64.3 million, or $0.74 per diluted share. This compares to second-quarter 2011 earnings of $166.7 million, or $1.94 per diluted share. Second-quarter 2012 net income includes an unrealized non-cash gain on derivative instruments associated with 2012 oil hedges of $10.1 million ($0.07 per share after-tax) and a loss on early extinguishment of debt of $16.2 million...
FRISCO, Texas, July 30, 2012 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the three months and six months ended June 30, 2012. Financial Results for the Three Months and Six Months Ended June 30, 2012 Low natural gas prices continue to adversely impact the Company's financial results in the second quarter of 2012 as Comstock reported a net loss of $10.3 million or 22¢ per share as compared to...
