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Latest oil reserves Stories

2014-03-13 08:23:40

TORONTO, March 13, 2014 /PRNewswire/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today the release of its audited consolidated financial results for the full year and quarter ended December 31, 2013, together with its Management Discussion and Analysis ("MD&A"). These documents will be posted on the Company's website at www.pacificrubiales.com, SEDAR at www.sedar.com, the SIMEV website at www.superfinanciera.gov.co/web_valores/Simev, and the...

2014-03-12 08:23:04

Fourth Consecutive Discovery in Hawler License Area CALGARY, March 12, 2014 /CNW/ - Oryx Petroleum Corporation Limited ("Oryx Petroleum" or the "Corporation") today announces that the successful testing of the BAN-1 exploration well has confirmed the Corporation´s fourth consecutive oil discovery in the Hawler license area in the Kurdistan Region of Iraq. Oryx Petroleum is the operator and has a 65% participating and working interest in the Hawler license area. Commenting...

2014-03-11 08:22:56

Testing Achieves Expected Flow Rates and Confirms Reservoir and Fluid Characteristics CALGARY, March 11, 2014 /CNW/ - Oryx Petroleum Corporation Limited ("Oryx Petroleum" or the "Corporation") today announced the successful testing of the DD-4 appraisal well on the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq. Oryx Petroleum has a 65% participating and working interest in the Hawler license area. Commenting today, Henry Legarre, Oryx Petroleum's...

2014-02-21 08:22:07

232 Million Barrels of Proved plus Probable (2P) Reserves; NPV of US$2.24 billion Average Production First Quarter to Date 19,700 bopd CALGARY, Feb. 21, 2014 /PRNewswire/ - Bankers Petroleum Ltd. ("Bankers" or the "Company") (TSX: BNK, AIM: BNK) is pleased to provide the results of its December 31, 2013, independent reserves evaluation. Evaluations were conducted by RPS Energy Canada Ltd. (RPS) for the Patos-Marinza oilfield, Albania, and by DeGolyer and McNaughton Canada Ltd....

2014-02-20 08:24:55

BEDFORD, Texas, February 20, 2014 /PRNewswire/ -- PetroTech Oil and Gas, Inc. (OTC: PTOG) (the "Company" or "PetroTech) announced today it will leverage its expertise in natural resource development in enhanced oil recovery and launch LP.US Management Group, Inc. The partnership allows The Company to secure a leadership position in the rapidly developing marketplace around legalized Cannabis and Hemp production. LP U.S. Management Group, Inc. which owns...

2014-02-20 08:24:05

2013 F&D Costs of $0.53 per Mcfe and 307 Percent Organic Reserve Replacement Ratio HOUSTON, Feb. 20, 2014 /PRNewswire/ -- Ultra Petroleum Corp. (NYSE: UPL) today reported 3.61 trillion cubic feet equivalent (Tcfe) of total proved natural gas and crude oil reserves for the year-ended December 31, 2013. The pre-tax estimated future net cash flows discounted at ten percent (PV-10) of the company's proved reserves is $4.1 billion. Ultra replaced 307 percent of 2013 production and...

2014-02-20 08:22:41

TORONTO, Feb. 20, 2014 /PRNewswire/ - Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) announced today the results of an independent evaluation of the Company's reserves in reports effective December 31, 2013, which show that the Company's net 2P reserves grew by 20% when compared to December 31, 2012. José Francisco Arata, President of the Company commented: "We look at these reserves reports for 2013 as a clear demonstration of the robustness of our...

2014-02-19 16:22:10

HOUSTON, Feb. 19, 2014 /PRNewswire/ -- Sanchez Energy Corporation (NYSE: SN) today announced that the well results for the Sante North 1H well that were filed with the Texas Railroad Commission indicating that the well produced 150 barrels of oil, 104,000 cubic feet of natural gas and 766 barrels of water during a 24-hour test on January 26, 2014 were based on a partial well test. Sanchez Energy noted that, out of the 22 stages of the Sante North 1H well that had been fracture...

2014-02-18 12:23:14

ONE YEAR EXTENSION GRANTED ON COOPER TORONTO, Feb. 18, 2014 /CNW/ - Eco (Atlantic) Oil & Gas Ltd. ("Eco Atlantic" or the "Company") (TSX-V: EOG, NSX: EOG) is pleased to announce that it has received an updated Gross Prospective Unrisked Resource Lead Report ("Report") prepared by Gustavson Associates LLC ("Gustavson") of Colorado, USA, on Block 2012A ("Cooper") in the Walvis Basin, offshore Namibia. The Report was prepared in accordance with Canadian National Instrument 51-101...

2014-02-13 08:22:21

Proved bitumen reserves up 8% -- Combined oil sands production at Foster Creek and Christina Lake averaged almost 103,000 barrels per day (bbls/d) net in 2013, up 14% from 2012. -- Production at Christina Lake increased 55% to more than 49,000 bbls/d net in 2013. Christina Lake phase D reached full capacity in 2013, about six months after first production. Phase E is expected to achieve full capacity in...