Latest Petroleum geology Stories

HOUSTON, Dec. 4, 2012 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of November 2012, the Company had an average of 206 drilling rigs operating, including 198 rigs in the United States and 8 rigs in Canada. For the two months ended November 30, 2012, the Company had an average of 206 drilling rigs operating, including 199 rigs in the United States and 7 rigs in Canada. Average drilling rigs operating reported in the Company's monthly...

SPOKANE, Wash., Nov. 27, 2012 /PRNewswire/ -- Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to give an operational update on its drilling plans for the East Slopes Project in Kern County, California. As part of the long-term oil development plan for this project area, the Company plans to drill five development wells and one exploration well. A drilling rig will arrive on location by the middle of December 2012. All six...

SAN FRANCISCO, Nov. 27, 2012 /PRNewswire/ -- Worthington Energy, Inc. (WGASD : OTCBB) ("Worthington" or the "Company"), an energy company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties, takes this opportunity to provide an updated progress report on the status of the Company's I-1 Well. "I am thrilled to report that production from the Company's I-1 Well is flowing through the pipeline and registering through our sales meter at...

HOUSTON, Nov. 27, 2012 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) today announced a discovery at the Big Bend exploration prospect in the deepwater Gulf of Mexico. The well, located in 7,200 feet of water on Mississippi Canyon Block 698, was drilled to a total depth of 15,989 feet. Open-hole logging identified approximately 150 feet of net oil pay in two high-quality Miocene reservoirs. Charles D. Davidson, Noble Energy's Chairman and CEO, said, "The discovery at Big Bend is...

HOUSTON, Nov. 26, 2012 /PRNewswire/ -- Cameron (NYSE:CAM) announced today that it has received an order from STX Offshore & Shipbuilding Co., Ltd., totaling approximately $275 million, to supply a complete drilling equipment package for a 12,000 foot ultradeepwater drillship. STX Offshore & Shipbuilding Co., Ltd. has a contract to build a new drillship from Sigma Drilling Ltd., of which Vantage Drilling Co. is a partner. This order represents Cameron's first...

HOUSTON, Nov. 23, 2012 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that it will make a presentation on November 29, 2012 at the Jefferies 2012 Global Energy Conference. Representing the Company at the conference will be Andy Hendricks, Chief Executive Officer. The presentation will be webcast live beginning at approximately 3:30 p.m. Central Time. To access the webcast, go to www.patenergy.com prior to the scheduled start time. Replay of the webcast...

HOUSTON, Nov. 19, 2012 /PRNewswire/ -- Harvest Natural Resources, Inc. (NYSE: HNR) announced today the commencement of drilling operations on the Dussafu Tortue Marin-1 (DTM-1) exploration well located in the Dussafu Marin PSC, offshore Gabon, West Africa. This exploration well will be drilled utilizing the Scarabeo 3 semi-submersible drilling unit owned and operated by Saipem S.p.A. Harvest operates the Dussafu PSC, holding a 66.667 percent interest. The DTM-1 well will be drilled...

Company achieves 62% increase in production revenue New infrastructure build on track plus four new wells drilled with excellent results. VANCOUVER, Nov. 15, 2012 /PRNewswire/ - TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF), today announced its financial results for the quarter ended September 2012. Q2-2013 and Recent Operating Highlights -- Production revenue increased 62% to $21.44 million for the six months ended September 30, 2012, compared to...

FORT WORTH, Texas, Nov. 15, 2012 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of October 2012. Basic's well servicing rig count remained unchanged at 431. Well servicing rig hours for the month were 78,600 producing a rig utilization rate of 72%, compared to 71% and 78% in September 2012 and October 2011, respectively. During the month, Basic's fluid service truck count increased by 11 trucks to 951. Fluid...

TSX, NYSE MKT: BXE CALGARY, Nov. 13, 2012 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX: BXE) is pleased to announce that it has entered into an agreement to acquire additional highly prospective Cardium and Notikewin/Falher lands and production in the Willesden Green area of Alberta. The assets to be acquired complement and are adjacent to Bellatrix's core area in the Ferrier/Willesden Green Cardium light oil resource play in West Central...