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Latest Petroleum geology Stories

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...

2014-01-15 16:21:31

HOUSTON, Jan. 15, 2014 /PRNewswire/ -- Northern Offshore, Ltd. (Oslo Bors: NOF.OL) today announced that in follow up to the company's previous announcement on December 9, 2013, its subsidiary, Northern Offshore International Drilling Company Ltd., has executed a long-term drilling contract with an affiliate of CAMAC Energy Inc. (NYSE MKT: CAK), for the drillship Energy Searcher. The contract commits to an initial period of one year, with an option to extend the contact for an...

2014-01-14 08:22:28

FORT WORTH, Texas, Jan. 14, 2014 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of December 2013. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 62,400 producing a rig utilization rate of 61%, compared to 62% and 61% in November 2013 and December 2012, respectively. During the month, Basic's fluid service truck count increased by 14 to 1,003. Fluid...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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