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Last updated on April 16, 2014 at 11:16 EDT

Latest Petroleum geology Stories

2013-09-09 08:21:25

HOUSTON, Sept. 9, 2013 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today that the international rig count for August 2013 was 1,267, down 38 from the 1,305 counted in July 2013, and up 6 from the 1,261 counted in August 2012. The international offshore rig count for August 2013 was 309, down 11 from the 320 counted in July 2013, and up 9 from the 300 counted in August 2012. The average U.S. rig count for August 2013 was 1,781, up 15 from the 1,766 counted in...

2013-09-04 08:24:16

SALT LAKE CITY, Sept. 4, 2013 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN) today reported that drilling has started at the Lisewo-2 well. The Lisewo-2 well is a development well that targets the Lisewo structure previously discovered by the Lisewo-1 well. Lisewo-2 is intended to accelerate production from the structure. The Lisewo production facility, scheduled to begin producing about the end of September, is designed to serve both Lisewo-1 and Lisewo-2, in addition to the...

2013-09-04 08:24:00

First Discovery in West Africa an Important Milestone CALGARY, Sept. 4, 2013 /CNW/ - Elephant Discovery Oryx Petroleum Corporation Limited ("Oryx Petroleum" or the "Corporation") today announced that the E-1 exploration well targeting the Elephant (formerly Xiang) prospect in the Haute Mer A license area in Congo (Brazzaville) discovered natural gas and crude oil. The Elephant discovery will be tested in early 2014 as part of the multi-well drilling and testing program in...

2013-09-03 16:24:26

Favorably Amends Credit Facility SPOKANE, Wash., Sept. 3, 2013 /PRNewswire/ -- Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that it has acquired a 25% working interest in approximately 6,100 acres in two large contiguous acreage blocks in the Twin Bottoms Field in Lawrence County, Kentucky. App Energy, LLC ("App") is the operator of the project and owns the remaining 75% working interest. Pursuant to a...

2013-09-03 16:24:05

LAFAYETTE, La., Sept. 3, 2013 /PRNewswire/ -- PetroQuest Energy, Inc. (NYSE: PQ) announced today that on September 2, the Company's Executive Vice President - General Counsel, Chief Administrative Officer and Secretary, Daniel G. Fournerat, passed away suddenly at his home of natural causes at the age of 59. Mr. Fournerat previously served as Senior Vice President, General Counsel and Secretary. He served on the Board of Directors of the Company from September 1998 until October...

2013-09-03 04:20:23

TSX, NYSE MKT: BXE CALGARY, Sept. 3, 2013 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce it has successfully closed the previously announced asset sale (the "Asset Sale")  and  joint venture (the "Joint Venture") with the Canadian subsidiaries of Daewoo International Corporation ("Daewoo") and Devonian Natural Resources Private Equity Fund ("Devonian"). Under the terms of the associated agreements, Bellatrix...

2013-08-28 16:21:42

HOUSTON, Aug. 28, 2013 /PRNewswire/ -- Hyperdynamics Corporation (NYSE:HDY) announced today the resignation of Paul C. Reinbolt, Executive Vice President and Chief Financial Officer. Mr. Reinbolt will remain with the Company through December 31, 2013. Ray Leonard, Hyperdynamics' President and CEO, commented, "Hyperdynamics has been fortunate to have had the benefit of Paul's years of financial expertise during a critical phase of the Company's development. We appreciate his service...

2013-08-27 08:28:54

SALT LAKE CITY, Aug. 27, 2013 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN) today reported that drilling has commenced on the Gorka Duchowna-1 exploration well. The well is a planned test of the Main Dolomite and Carboniferous horizons at a projected depth of 2,700 meters; the well is expected to reach total depth in the fourth quarter. The Gorka Duchowna-1 well is located in the northwest quadrant of the 240,000 acre Block 246 concession, where FX Energy is the operator and holds a...

2013-08-22 12:29:38

TORONTO, Aug. 22, 2013 /CNW/ - Eco (Atlantic) Oil & Gas Ltd. ("Eco Atlantic" or the "Company") (TSX-V: EOG, NSX: EOG) is pleased to announce that it has received final approval from Namibia's Ministry of Mines and Energy (the "Ministry") for the inclusion of all oil and gas rights on its Skeleton Coast License #31 which is a transition license that is both onshore Huab Basin and extends offshore Walvis Basin. The License, which the Company recently named "Daniel", covers Blocks...

2013-08-15 00:20:25

CALGARY, Alberta, August 15, 2013 /PRNewswire/ -- Oando Energy Resources Inc. ("OER" or the "Company") (TSX:OER), a company focused on oil exploration and production in Nigeria, today announced financial and operating results for the quarter ended June 30, 2013. The unaudited financial statements, notes and management's discussion and analysis (MD&A) pertaining to the period are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at...