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Latest Petroleum geology Stories

2014-02-11 08:23:59

- 2013 Proved Reserves 167.3 MMBoe, Representing 77% Growth DENVER, Feb. 11, 2014 /PRNewswire/ -- Kodiak Oil & Gas Corp. (NYSE: KOG), an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota, today announced preliminary unaudited operational and financial results for the fiscal year ended December 31, 2013. (Logo: http://photos.prnewswire.com/prnh/20131007/LA93138LOGO) Kodiak has prepared the preliminary operational and...

2014-02-11 08:23:58

THE WOODLANDS, Texas, Feb. 11, 2014 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) today announces the closing of the previously announced sale of its business offshore Malaysia to SapuraKencana Petroleum Berhad, receiving total proceeds of approximately $898 million. The Share Purchase Agreement was originally executed with SapuraKencana on October 22, 2013, with an effective date of June 30, 2013. Proceeds from the sale will be used to reduce short-term borrowings under...

2014-02-10 16:23:36

FORT WORTH, Texas, Feb. 10, 2014 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of January 2014. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 74,500, producing a rig utilization rate of 69%, compared to 61% and 67% in December 2013 and January 2013, respectively. During the month, Basic's fluid service truck count remained unchanged at 1,003. Fluid...

2014-02-10 04:20:34

After Producing a Record 10.6 MMBOE, 1P Reserves Increased 5% to 55.7 MMBOE, 2P Reserves Increased 81% to 133.1 MMBOE, and 3P Reserves Increase 94% to 217.0 MMBOE all on a Company Interest Basis CALGARY, Feb. 9, 2014 /PRNewswire/ - Gran Tierra Energy Inc. ("Gran Tierra Energy") (NYSE MKT: GTE; TSX: GTE), a company focused on oil exploration and production in South America, today announced the results of a qualified independent reserve evaluation of the company's reserves by GLJ...

2014-02-03 08:21:38

SALT LAKE CITY, Feb. 3, 2014 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN) reported that the road and location work at the Company's Tuchola-4K well has been completed. Rigging up is in process and drilling is expected to begin in approximately two weeks. Tuchola-4K is an offset location to the Tuchola-3K discovery well drilled in 2013. The Company plans to drill and test the Tuchola-4K well during the first half of 2014. Approximately 110 square kilometers of high definition 3D...

2014-01-29 16:23:45

Drilling Operations Continue, With New Oil Discoveries in Colombia CALGARY, Jan. 29, 2014 /PRNewswire/ - Gran Tierra Energy Inc. ("Gran Tierra Energy") (NYSE MKT: GTE) (TSX: GTE), a company focused on oil and gas exploration and production in South America, today provided a summary of the prospective resource potential of its exploration portfolio in Peru, in addition to a drilling update for its operations in Colombia and Brazil. "Over the last several years, Gran Tierra Energy...

2014-01-27 08:21:38

Banan Drilling Completed and Testing Program Commences CALGARY, Jan. 27, 2014 /CNW/ - Oryx Petroleum Corporation Limited ("Oryx Petroleum" or the "Corporation") today announces an update on its drilling activities at Banan and Demir Dagh in the Hawler license area in the Kurdistan Region of Iraq. Oryx Petroleum is the operator and has a 65% participating and working interest in the Hawler license area. Commenting today, Henry Legarre, Oryx Petroleum's Chief Operating Officer,...

2014-01-21 20:20:36

Working interest Bretaña 2P reserves of 61.5 million barrels of oil and 3P reserves of 113.9 million barrels of oil CALGARY, Jan. 21, 2014 /PRNewswire/ - Gran Tierra Energy Inc. ("Gran Tierra Energy") (NYSE MKT: GTE) (TSX: GTE), a company focused on oil exploration and production in South America, today announced the results of a qualified independent reserve evaluation of the company's Peru reserves by GLJ Petroleum Consultants Ltd. ("GLJ") effective December 31, 2013....

2014-01-20 12:20:23

ST-JOHN'S, Jan. 20, 2014 /CNW/ - The Research & Development Corporation (RDC) is investing $2.4 million in 11 research and development (R&D) projects that capitalize on Newfoundland and Labrador's proximity to a harsh, ocean environment. The total value of the research projects is more than $7.9 million, including investments from the private sector and federal funding agencies. "Living and working in a harsh operating environment challenges us to find innovative ways to...

2014-01-16 00:20:20

CAMARILLO, CA, Jan. 15, 2014 /PRNewswire/ - BNK Petroleum Inc. (the "Company" or "BNK") (TSX: BKX), is providing an update on its Tishomingo Field, Caney oil shale operations in Oklahoma as well as its Polish shale gas project. Oklahoma - Tishomingo Field BNK's strategy for its 2013 Caney drilling program was to prove the productivity of the Caney formation in our Tishomingo field. The Company's efforts were focused on increasing the oil rate of each consecutive well, reducing...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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