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Latest Petroleum geology Stories

2014-06-03 08:23:14

HOUSTON, June 3, 2014 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported that for the month of May 2014, the Company had an average of 200 drilling rigs operating in the United States and two rigs in Canada. For the two months ended May 31, 2014, the Company had an average of 199 drilling rigs operating in the United States and two rigs in Canada. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the...

2014-06-02 20:21:22

Bretaña-1WD Recovers Oil in Transition Zone, Increases Recoverable Oil Potential CALGARY, June 2, 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 provided an operations update for its 2014 work program. "Gran Tierra Energy's 2014 drilling campaign is well under way, and initial well test results are providing valuable insights for the Bretaña and Moqueta...

2014-06-02 16:22:26

HOUSTON, June 2, 2014 /PRNewswire/ -- Oceaneering International, Inc. (NYSE:OII) announced it has acquired AIRSIS Inc., a provider of remote asset management software services. AIRSIS' revenue for 2013 was approximately $7 million, and its future financial results will be included in Oceaneering's Subsea Projects segment. This acquisition is expected to enhance Oceaneering's current asset tracking service offered on offshore drilling rigs and vessels engaged in subsea activities....

2014-05-30 04:21:02

Exploration programme and funding plans continue to advance Q1 2014 results published SAINT HELIER, Jersey, May 30, 2014 /PRNewswire/ - During the first quarter of 2014, LONGREACH OIL AND GAS LIMITED (TSXV: LOI) (the Company or Longreach) outlined detailed results of its first exploration well in Morocco, Koba-1, and commenced drilling of its second exploration well, Kamar-1, which subsequent to the quarter-end encountered two prospective natural gas zones in the Sidi Moktar...

2014-05-29 08:23:36

AUSTIN, Texas, May 29, 2014 /PRNewswire/ -- FieldPoint Petroleum Corporation (NYSE/MKT:FPP) today provided an update on recent drilling activity. Phillip Roberson, FieldPoint President and CFO, stated, "I am pleased to report that the Ranger Project, with our drilling partner Riley Exploration Group, LLC, is well underway. We have now completed the drilling of three horizontal wells, and we have just started the horizontal leg of the fourth well. As previously stated, we plan to...

2014-05-28 08:23:40

SALT LAKE CITY, May 28, 2014 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN), today announced its internal estimate of gas volumes for the Tuchola field. The field is located in the Edge license in north central Poland, where the Company holds 100% working interest in 730,000 acres (2,937 square kilometers). The dynamic flow test data indicate 20 billion cubic feet (Bcf) of gas in place, although a pressure buildup at the end of the test could indicate a somewhat higher figure. This...

2014-05-23 12:22:23

HOUSTON, May 23, 2014 /PRNewswire/ -- Parker Drilling Company (NYSE:PKD), an international provider of contract drilling and drilling-related services and rental tools to the energy industry, acquired a 1500 horsepower posted barge rig for its Gulf of Mexico drilling fleet in a transaction valued at approximately $12.25 million, using cash on hand. Built in 2011, the ready-to-work rig features drilling depth capacity of 18,000 feet, a top drive, three mud pumps, and living quarters...

2014-05-23 08:21:59

SALT LAKE CITY, May 23, 2014 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN), today announced that it has completed the flow portion of the dynamic reservoir test on the Tuchola-4K well located on its Edge license in north central Poland, where the Company holds 100% working interest. The well produced at a steady rate of approximately 15 million cubic feet of gas per day (Mmcf/d) and flared a total of 60 Mmcf over a four day period. The flow rate and the flowing wellhead pressure...

2014-05-20 20:20:58

HOUSTON, May 20, 2014 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) today announced that the parties have agreed to terminate the non-binding memorandum of understanding regarding the sale of interest in the Leviathan licenses, offshore Israel, to Woodside Petroleum. Following termination of the agreement, working interests in the Leviathan Project remain as follows: Noble Energy as operator (39.66 percent), Delek Drilling (22.67 percent), Avner Oil Exploration (22.67 percent), and...

2014-05-20 16:22:11

HOUSTON, May 20, 2014 /PRNewswire/ -- Hercules Offshore, Inc. (Nasdaq: HERO) announced that it has signed a five year drilling contract with Maersk Oil North Sea UK Limited for a newbuild jackup rig to be owned and operated by Hercules Offshore. Total contract value is approximately $420 million, which includes approximately $9 million of mobilization fees. Contract commencement is expected in mid-2016. Hercules Offshore has also signed a rig construction contract with Jurong...


Word of the Day
penuche
  • A fudgelike confection of brown sugar, cream or milk, and chopped nuts.
'Penuche' is a variant of 'panocha,' a coarse grade of sugar made in Mexico. 'Panocha' probably comes from the Spanish 'panoja, panocha,' ear of grain.
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