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Latest Petroleum geology Stories

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...

2014-01-13 08:22:36

HOUSTON, Jan. 13, 2014 /PRNewswire/ -- Houston American Energy Corp. (NYSE MKT: HUSA; "Houston American" or the "Company") today provided an update on its drilling operations in Iberville Parish, Louisiana and announced that it had acquired an interest in an additional prospect. In Iberville Parish, Louisiana, Houston American holds a 3% working interest in a 13,888 foot well that has been drilled and completed. The well tested at a daily rate of 384 barrels of approximately 37...

2014-01-08 16:22:09

SAN ANTONIO, Jan. 8, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today announced it has renewed its drilling contracts with Ecopetrol for all eight of its drilling rigs in Colombia effective January 1, 2014. Pioneer recently operated six rigs for Ecopetrol under contracts that expired on December 31, 2013. The renewed contracts have a one-year fixed term and a slight improvement in day rates as compared to the current contracts. "We are very pleased to renew these...

2014-01-07 23:23:29

Geometrics’ high resolution 3D P-Cable seismic system was chosen for special research project by the Texas Bureau of Economic Geology to image subsurface stratigraphy and fault structures as part of the Gulf Coast Carbon Center’s multi-year geologic characterization effort to identify potential CO2 storage sites beneath the Texas portion of the Gulf of Mexico and to evaluate potential environmental impact to reduce possible risks related to offshore storage projects. San Jose, CA...

2014-01-07 12:22:01

LONDON, Jan. 7, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report: Review of the Russian drilling rigs market 2012 Please note: The report is Russian version. It will provide the English version in 6-8 business days. In 2012, The Russian market of drilling rigs showed a negative trend development due to low drilling rigs consumption and the presence of active rigs stockpile. According to experts, the market volume in 2012 compared to 2011 decreased...

2013-12-30 16:20:48

LAFAYETTE, La., Dec. 30, 2013 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today provided an update on its three deep water/deep gas wells being drilled. Drilling operations at the deep water San Marcos prospect, located on Mississippi Canyon 983, have been completed, and the rig is in the process of being released. The well was drilled to approximately 28,500 feet without encountering commercial hydrocarbons and will be plugged and abandoned. Stone holds a 25% non-operated...


Word of the Day
jument
  • A beast of burden; also, a beast in general.
'Jument' ultimately comes from the Latin 'jugum,' yoke.
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