Quantcast
Last updated on April 24, 2014 at 21:24 EDT

Latest Petroleum geology Stories

2013-07-22 16:21:23

TORONTO, July 22, 2013 /CNW/ - Eco (Atlantic) Oil & Gas Ltd. ("Eco Atlantic" or the "Company") (TSXV: EOG) (NSX: EOG) provides technical interpretation of Murombe-1 well drilled by HRT Participações em Petróleo S.A ("HRT") in the Walvis Basin, offshore Namibia. HRT announced on Friday July 18, 2013 that the Murombe-1 well, the second offshore well in their exploratory drilling campaign has been concluded and is considered as a dry hole. This well was targeting the Murombe...

2013-07-22 08:21:57

HOUSTON, July 22, 2013 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) (the "Company"), an international drilling contractor and drilling services and rental tools provider, is electing to provide selected preliminary financial data for the three month period ended June 30, 2013, to prospective investors in connection with its previously announced offering of senior notes. The Company does not generally release preliminary results and does not expect to provide similar...

2013-07-18 12:21:44

SPOKANE, Wash., July 18, 2013 /PRNewswire/ -- Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the production results from its recent drilling program at the East Slopes Project in Kern County, California. The Company drilled seven successful development wells during May and June 2013. All of these wells are now on production. The table below shows the current production rates:...

2013-07-15 12:22:34

STW Energy to Provide Oil and Water Based Drilling Rig Wash & Preparation and Tank and Tank Bottom Cleaning Services in the Cline, Wolfcamp, and Eagle Ford Formations Beginning Week of July 15 MIDLAND, Texas, July 15, 2013 /PRNewswire/ -- STW Resources Holding Corp. (OTC QB: STWS) announced today the formation and $2 million funding of a new subsidiary, STW Energy Services, LLC. It will begin operations during the week of July 15, deploying two complete crews and equipment to provide...

2013-07-15 08:22:43

SALT LAKE CITY, July 15, 2013 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN) today reported that it has finalized a new five-year, up to $100 Million Senior Reserve Based Lending Facility. BNP Paribas ("BNPP") acted as Coordinating Mandated Lead Arranger. ING Bank ("ING"), present in FX Energy's previous syndicated financing, acted as Mandated Lead Arranger. The initial commitment of the facility amounts to $65 Million. FX Energy can seek additional commitments up to $100 Million...

2013-07-11 20:20:28

HOUSTON, July 11, 2013 /PRNewswire/ -- Gastar Exploration Ltd. (NYSE MKT: GST) ("Gastar") announced today that it has agreed to provide Cubic Energy an additional extension on the closing of the previously announced sale of Gastar's East Texas properties. The closing of the transaction has been extended to July 31, 2013 with a termination date also of July 31, 2013 in order to allow Cubic Energy additional time to finalize financing. As compensation for the additional extension of...

2013-07-10 12:23:02

Three additional AAPG members voted in to serve on association's executive committee. TULSA, Okla., July 10, 2013 /PRNewswire-USNewswire/ -- The American Association of Petroleum Geologists (AAPG) announced today that longtime Association member Lee Krystinik has assumed the role of president effective July 1. In his new role, Krystinik will serve a one-year term and lead AAPG's executive committee, which acts as the Association's board of directors. The executive committee...

2013-07-10 08:21:10

FORT WORTH, Texas, July 10, 2013 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of June 2013. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 75,200 producing a rig utilization rate of 80%, compared to 70% and 76% in May 2013 and June 2012 respectively. During the month, Basic's fluid service truck count decreased by six to 968. Fluid service truck hours...

2013-07-09 16:21:10

HAMILTON, Bermuda, July 9, 2013 /PRNewswire/ -- Nabors Industries Ltd. (NYSE:NBR) today announced that it expects second quarter operating results to fall below consensus estimates. Operating Income is projected to be in the range of $88 to $91 million. The shortfall is most pronounced in two business lines: Rig Services and Completion and Production Services. Within Rig Services, lower sales of capital equipment and reduced service and rental activity impacted financial...

2013-07-09 08:22:56

ALBANY, New York, July 9, 2013 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Oilfield Equipment Market (Drilling Equipments, Field Production Machinery, Pumps and Valves and Other) - Global and U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global market for oilfield equipment was valued at USD 93.74 billion in 2012 and is expected to reach USD 117.37...