Latest Petroleum geology Stories

http://www.datasite.com - The US oil and gas sector could soon see a raft of merger and acquisition (M&A) activity as a result of the new regulations brought in following the Deepwater Horizon oil spill in the Gulf of Mexico. New York, US (PRWEB) May 16, 2013 Click here to read the full article: http://bit.ly/15F8gLj The US oil and gas sector could soon see a raft of merger and acquisition (M&A) activity as a result of the new regulations brought in following the Deepwater...

CALGARY, Alberta, May 16, 2013 /PRNewswire/ -- Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER), a company focused on oil exploration and production in Nigeria, today announced results from the successful completion and testing of the Ebendo 5 well. The completion and testing of the Ebendo 5 well, which is expected to contribute an additional 2,500 barrels of oil per day ("bopd") gross (1,069 bopd net to OER), follows the successful resumption of 3,200 bopd gross (1,368 bopd...

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...

VANCOUVER, May 14, 2013 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), reports that TAG's 100%-controlled Ngapaeruru-1 exploration well has reached a total depth of 1417 meters after successfully drilling through the Waipawa and Whangai source rock formations, the main objective of the well. Excellent mud gas shows - which indicate the presence of gas zones or soluble gas in oil - were recorded between the intervals of 1140 - 1295m (155m gross hydrocarbon column)....

-- 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...

Canada’s Minister of Natural Resources Joe Oliver is in Europe to argue that the European Union’s Fuel Quality Directive unfairly stigmatizes Alberta Oil Sands products. Friends of Science point to the climate change hypocrisy in the EU when one compares their terms for ‘carbon neutral’ wood pellets shipped from Canada or the carbon footprint of EU beer consumption vis a vis oil sands’ emissions. Calgary, Alberta, Canada (PRWEB) May 08, 2013 “Despite a tradition of common...