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Latest Oil well Stories

2014-10-31 00:20:13

LONDON, Oct. 30, 2014 /PRNewswire/ -- Drilling fluids play an important role in the drilling process for bore wells, mineral extraction and oil and gas extraction. These fluids, also known as drilling mud are used to carry rock cuttings to the surface, and lubricate and cool the drill bits and also maintain stability of the well. In addition, drilling fluids also function as biocides and weighing agents, emulsifiers, defoamers, filtration reducers, shale inhibitors, corrosion...

2014-10-30 20:21:07

FORT WORTH, Texas, Oct. 30, 2014 /PRNewswire/ -- Lonestar Resources, Ltd. (ASX:LNR, OTCQX: LNREF) is pleased to provide an update on its financial and operational results for the three months ended September 30, 2014 (3Q14). Third Quarter Highlights -- Lonestar reported a 56% increase in net oil and gas production to 4,669 BOEPD in 3Q14, vs. 2,997 BOEPD in 3Q13, 81% of which was crude oil and NGL's. Lonestar's 3Q14 production also represented a 29% sequential...

2014-10-30 16:24:38

MIDLAND, Texas, Oct. 30, 2014 /PRNewswire/ -- Mexco Energy Corporation (NYSE MKT: MXC) today announced the purchase of various royalty interests at a price of $1,000,000 covering approximately 1,800 wells in 27 counties of Texas. Of these oil and gas reserves, approximately 77% is natural gas and 23% oil. Mexco believes that there is potential for further development of a number of these royalties especially through horizontal and vertical drilling and fracturing. These royalty...

2014-10-29 16:24:33

LONDON, Oct. 29, 2014 /PRNewswire/ -- Noble Corporation plc (NYSE: NE) today reported third quarter 2014 net income from continuing operations of $147 million, or $0.57 per diluted share, compared to $140 million, or $0.54 per diluted share, for the second quarter of 2014. For the third quarter of 2013, net income from continuing operations totaled $165 million, or $0.64 per diluted share. Results for the third quarter of 2013 included a net pre-tax gain of $63 million, or $0.24 per...

2014-10-29 16:23:51

HOUSTON, Oct. 29, 2014 /PRNewswire/ -- Superior Energy Services, Inc. (NYSE: SPN) today announced net income from continuing operations of $85.7 million, or $0.55 per diluted share, and net income of $79.9 million, or $0.51 per diluted share, on revenue of $1,209.0 million for the third quarter of 2014. These results compare with the third quarter of 2013 net income from continuing operations of $67.5 million, or $0.42 per diluted share, and net income of $69.8 million, or $0.43 per...

2014-10-29 12:24:45

DUBLIN, Oct. 29, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Global and Chinese Horizontal Directional Drilling Industry Report 2014" report to their offering. http://photos.prnewswire.com/prnvar/20130307/600769 The Global and Chinese Horizontal Directional Drilling Industry Report 2014 is a professional and in-depth study on the current state of the global horizontal directional drilling industry with a focus on the Chinese situation. The report provides a...

2014-10-29 08:24:34

LAKEWOOD, Colo., Oct. 29, 2014 /PRNewswire/ -- Pershing Gold Corporation (OTCQB:PGLC) ("Pershing Gold" or the "Company") is pleased to announce that the ongoing step-out core drilling program at Relief Canyon in Pershing County, Nevada has hit additional significant intercepts of high-grade gold in the North Target Area, located to the North of the existing North Pit. As shown in Table 1, RC14-225 (Relief Canyon 2014 drill hole 225) contains 55.0 feet of 0.117 ounces per ton ("opt")...

2014-10-28 08:26:25

LONDON, Oct. 28, 2014 /PRNewswire/ -- Noble Corporation plc (NYSE:NE) announced today that the Company's Board of Directors has authorized the Company to pursue the development of a master limited partnership (MLP). The MLP would be comprised of interests in select rigs chosen from Noble's existing fleet. If realized, the Company would expect to file a registration statement with the Securities and Exchange Commission relating to the initial public offering of common units in the...

2014-10-27 08:24:57

CALGARY, Oct. 27, 2014 /PRNewswire/ - (TSX:PMT) - Perpetual Energy Inc. ("Perpetual", the "Corporation" or the "Company") is pleased to announce the signing of a definitive purchase and sale agreement to divest of several non-core heavy oil properties in eastern Alberta for gross proceeds of $21.6 million, excluding certain closing adjustments and transaction costs. A deposit of $3.24 million has been paid to Perpetual, with the remaining disposition proceeds due at closing which...

2014-10-27 08:23:30

TORONTO, Oct. 27, 2014 /PRNewswire/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) announced today an update of its exploration activities for the first nine months of 2014. During the first nine months of 2014, the Company continued with its exploratory drilling activity in Colombia and Peru, drilling a total of 39 wells, comprised of 17 exploration wells, 19 appraisal wells and three stratigraphic wells. Of this total, 28 wells discovered economic...


Word of the Day
maffling
  • To stammer.
  • Present participle of maffle, to stammer.
  • A simpleton.
The word 'maffle' may come from a Dutch word meaning 'to move the jaws' or a French word meaning 'having large cheeks'.