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Latest Petroleum geology Stories

2014-10-21 12:25:32

VANCOUVER, Oct. 21, 2014 /PRNewswire/ - TANZANIA MINERALS CORP. (the "Company" or "TZM") (TSX-V: TZM.V) (FRANKFURT: TM0.F) is pleased to announce that it has acquired from Twigg Gold Ltd. ("Twigg") a 75% and 90% interest in the Igurubi and Msasa gold projects, respectively. Acquisition of Gold Assets TZM has acquired Twigg's 75% interest in the Igurubi Project and Twigg's 90% interest in the Msasa Project for a consideration of CAD $350,000 and 7 million common shares upon...

2014-10-21 08:26:00

LAKEWOOD, Colo., Oct. 21, 2014 /PRNewswire/ -- Pershing Gold Corporation (OTCQB: PGLC) ("Pershing Gold" or the "Company") is pleased to announce that its ongoing step-out core drilling program at Relief Canyon in Pershing County, Nevada continues to expand new high-grade gold zones in the North Target area, notably, RC14-203 (Relief Canyon 2014 drill hole 203) reported 0.119 ounces per ton ("opt") gold ("Au")/4.070 grams per tonne ("gpt") Au over 58.1 feet....

2014-10-20 20:23:32

CAMARILLO, CA, Oct. 20, 2014 /PRNewswire/ - BNK Petroleum Inc. (the "Company" or "BNK") (TSX: BKX) is providing an update on its Tishomingo Field, Caney shale oil operations in Oklahoma as well as its Polish shale gas project. Tishomingo Field, Oklahoma The Company's latest Caney shale oil well, the Hartgraves 1-5H well (100% interest) is flowing back after being completed with the Company's largest hydraulic stimulation to date. Over the last 5 days the well has been flowing at...

2014-10-14 16:23:29

Realigning Board of Directors Pursuant to Strategic Initiatives HOUSTON, Oct. 14, 2014 /PRNewswire/ -- Lucas Energy, Inc. (NYSE MKT: LEI) ("Lucas" or the "Company"), an independent oil and gas company with its operations in Texas, today announced that it has completed the sale of its 100% working interest in oil and gas leases and wells/wellbores in Madison County, Texas for $700,000. The cash transaction includes approximately 450 net mineral acres primarily in the Buda and Glen...

2014-10-13 16:21:42

SALT LAKE CITY, Oct. 13, 2014 /PRNewswire/ -- American Sands Energy Corp. (OTCBB: AMSE, "AMSE" or the "Company"), an oil sands exploration and development company operating in Utah, is pleased to provide investors with an update on the permitting process for its Sunnyside Project. The Company originally submitted its Notice of Intention to Commence Large Mining Operations ("NOI") on March 5, 2014 and has been working with the state regulators through the permitting process. "Last...

2014-10-13 12:22:37

SALT LAKE CITY, Oct. 13, 2014 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN), today reported that drilling, coring and logging of the Karmin-1 well have been completed. Results of these operations show 30 meters of gas-saturated Rotliegend sandstone with porosity of up to 30%. The well flowed at a rate up to 6.7 mmcfg/d on a 22/64" choke with no water. It will now be completed for production and is expected to start producing early in 2016. PGNiG, the operator and 51% owner of...

2014-10-13 08:22:40

HOUSTON, Oct. 13, 2014 /PRNewswire/ -- OneSubsea(TM), a Cameron (NYSE:CAM) and Schlumberger (NYSE:SLB) company, has been awarded a subsea production systems contract totaling more than $270 million for the Lakach deepwater project offshore Mexico. This is the first deepwater subsea field to be developed by Pemex. The scope of supply for the seven well system includes subsea production equipment and tooling. OneSubsea will also provide installation and commissioning services....

2014-10-10 08:21:27

FORT WORTH, Texas, Oct. 10, 2014 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of September 2014. Basic's well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 71,800 producing a rig utilization rate of 71%, compared to 74% and 69% in August 2014 and September 2013, respectively. During the month, Basic's fluid service truck count increased by 21 to 1,045. Fluid...

2014-10-08 20:20:52

HOUSTON, Oct. 8, 2014 /PRNewswire/ -- Fossil Oil Company announced that they have successfully drilled to a total depth of 10,700' and tested the T. L. Smith # 1 Well in Lincoln County, Mississippi. http://photos.prnewswire.com/prnvar/20141008/151120 "Formula for Fossil Oil's success: Rise Early, Work Hard, Strike Oil!" said Dennis R. Kittler, President and Founder of Fossil Oil Company. This deep Lower Tuscaloosa Denkman Sand was drilled by D & D Drilling Company of...

2014-10-08 08:22:12

HOUSTON, Oct. 8, 2014 /PRNewswire/ -- Virtus Oil and Gas Corporation (OTCBB: VOIL) ("Virtus" or the "Company") today announced that the seismic reprocessing and interpretation efforts of its recently purchased 47 miles of 2D seismic data in the Parowan Project now reaches completion today. Key Findings Virtus recently purchased the 2D data to complement its existing seismic library in order to better understand the geology and delineate its acreage footprint within the Parowan project....


Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.