Latest Oilfield terminology Stories
HOUSTON, May 20, 2013 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that Maryann T. Seaman, Senior Vice President and Chief Financial Officer, will address attendees at the following event: Event: UBS Global Oil and Gas Conference Four Seasons Hotel Austin 98 San Jacinto Blvd. Austin, TX 78701 Thursday, May 23, at 10:25 a.m. EDT Presentation: Live webcast and...
SPOKANE, Wash., May 20, 2013 /PRNewswire/ -- Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the third well in the current drilling program at the East Slopes Project in Kern County, California. The Sunday #5 well was drilled to 2,044 feet and encountered approximately 20 feet of oil pay in the Vedder Sand. The Company owns a 37.5% working interest in the Sunday #5 well. This drilling rig has...
FORT WORTH, Texas, May 15, 2013 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of April 2013. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 73,700 producing a rig utilization rate of 72%, compared to 74% and 78% in March 2013 and April 2012, respectively. During the month, Basic's fluid service truck count increased by seven trucks to 974. Fluid...
SPOKANE, Wash., May 15, 2013 /PRNewswire/ -- Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the results of the second well in the current drilling program at the East Slopes Project in Kern County, California. The Bear #6 well was drilled to 2,153 feet and we estimate there is approximately 25 feet of oil pay in the Vedder Sand. This drilling rig will now be moved to the Black #2 well location. The Company...
Company's first exploratory well undergoing completion. NEWPORT BEACH, Calif., May 15, 2013 /PRNewswire/ -- Citadel Exploration, Inc. (OTCBB: COIL) ("Citadel") is pleased to announce it has achieved initial success on its first well, the North Tejon Ranch 1-19. The well encountered the targeted oil sand and is currently undergoing completion. Testing of the 1-19 will commence in the coming weeks. The drilling rig will now move a few miles southeast to Citadel's next...
-- Project Continues Strategic Transformation of the Noble Fleet ZUG, Switzerland, May 14, 2013 /PRNewswire/ -- Noble Corporation (NYSE: NE) today announced that the Company has been awarded a drilling contract by Statoil for a newbuild ultra-high specification jackup for use in the United Kingdom sector of the North Sea. The initial contract is for four years and is anticipated to commence during the third quarter of 2016. The total estimated value of the four year primary term...
COEUR D'ALENE, Idaho, May 13, 2013 /PRNewswire/ -- Star Gold Corp. ("Star Gold" or the "Company") (OTCQB: SRGZ) announces that a drill rig has been mobilized onto the Longstreet Property to commence drilling at the Main Zone. The drill program will include 5,400 feet of reverse circulation style drilling for approximately eighteen (18) holes. These holes and their respective positions are essentially the same as those recommended in the Technical Report by Agnerian Consulting in...
AUSTIN, Texas, May 13, 2013 /PRNewswire/ -- FieldPoint Petroleum Corporation (NYSE/MKT: FPP) announced today that, with its industry partners, drilling has begun on the Irby #1 vertical Wilcox test well that will be drilled to a depth of approximately 8,900 feet to the prospective reservoir. If successful, the well should be drilled and completed within the next 60 to 90 days and FPP will own a 10% working interest in the well. FPP also announced that it has signed an operating...
ZUG, Switzerland, May 7, 2013 /PRNewswire/ -- Noble Corporation (NYSE: NE) today announced that Jeffrey L. Chastain, Vice President - Investor Relations and Corporate Communications, Noble Drilling Services Inc., will present at the Citi Global Energy and Utilities Conference in Boston on Tuesday, May 14, 2013, at 12:20 p.m. Central Daylight Time. A live webcast and presentation slides will be available at the time of the presentation in the "Investor Relations" section of the...
HOUSTON, May 7, 2013 /PRNewswire/ -- Tesco Corporation (TESCO), the leader in top drives and rig mechanization, has completed the testing phase of two innovative products, the HXI 150 ton top drive and Hydraulic Compact CASING DRIVE SYSTEM (TM) (HCCDS(TM)), Julio Quintana, Tesco Corporation President and Chief Executive Officer, announced today. (Logo: http://photos.prnewswire.com/prnh/20130507/DA08236LOGO) The HXI 150t, the 12(th) of TESCO's high-tech top drive line, features the...
