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Last updated on April 21, 2014 at 12:39 EDT

Latest Petroleum geology Stories

2014-02-20 12:22:42

Continues expansion by adding crews and equipment to Permian Basin and Eagle Ford operations in January MIDLAND, Texas, Feb. 20, 2014 /PRNewswire/ -- STW Resources Holding Corp. (OTC QB: STWS) ("STW" or the "Company") announced today that its 75% owned subsidiary STW Energy has expanded operations in South Texas and has increased Permian Basin services by adding additional crews and equipment. STW Energy has added salespeople, and 20 field operations employees to meet the high...

2014-02-19 08:24:04

SALT LAKE CITY, Feb. 19, 2014 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN) announced today that drilling is underway on the Company's Tuchola-4K well. The well is located approximately 800 meters west of the Company's Tuchola-3K discovery that was completed in 2013. That well tested at a rate of approximately 5 million cubic feet per day with traces of condensate from a dolomite section in the Ca1 Zechstein formation at a depth of approximately 2,700 meters. The primary...

2014-02-18 16:21:11

LAFAYETTE, La., Feb. 18, 2014 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced exploration discoveries at its deep water Amethyst and deep gas Tomcat prospects. Stone operates and owns a 100 percent working interest in both discoveries. The deep water Amethyst exploration well in Mississippi Canyon block 26 encountered approximately 90 feet of net hydrocarbon pay in one interval which suggests a commercial discovery. Analysis of logging, coring and fluid data...

2014-02-18 12:23:14

ONE YEAR EXTENSION GRANTED ON COOPER TORONTO, Feb. 18, 2014 /CNW/ - Eco (Atlantic) Oil & Gas Ltd. ("Eco Atlantic" or the "Company") (TSX-V: EOG, NSX: EOG) is pleased to announce that it has received an updated Gross Prospective Unrisked Resource Lead Report ("Report") prepared by Gustavson Associates LLC ("Gustavson") of Colorado, USA, on Block 2012A ("Cooper") in the Walvis Basin, offshore Namibia. The Report was prepared in accordance with Canadian National Instrument 51-101...

2014-02-18 08:24:20

SALT LAKE CITY, Feb. 18, 2014 /PRNewswire/ -- Richfield Oil & Gas Company (OTCQX: ROIL) ("Richfield" or the "Company"), an independent exploration and production company, has completed an extensive study of data related to its Liberty #1 discovery well in the Central Utah Overthrust. The study reviewed large volumes of data collected through services provided by Weatherford International, Halliburton, and Baker Hughes, as well as prominent energy scientists and laboratories. Based...

2014-02-18 08:24:05

LONDON, Feb. 18, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report: World Subsea Hardware Market Forecast 2013-2017 Subsea Hardware spend forecast to double to $124 billion Douglas-Westwood forecast spend during 2013-2017 to double to $124 billion compared to the preceding five-year period. Deepwater activity is booming in the 'Golden Triangle'; Brazil, West Africa and the Gulf of Mexico, which is forecast to account for 44% of total subsea hardware...

2014-02-14 20:20:35

VANCOUVER, Feb. 14, 2014 /PRNewswire/ - New Zealand oil and gas producer TAG Oil Ltd. (TSX: TAO) and (OTCQX: TAOIF) is pleased to provide its financial and operating results for the three and nine months ended December 31, 2013. TAG currently has 64,402,052 common shares outstanding (68,085,386 fully diluted) and at December 31, 2013 the Company had cash of $68.5 million, working capital of $71.2 million and no debt. "We continue to make significant progress on our strategy to...

2014-02-11 08:23:59

- 2013 Proved Reserves 167.3 MMBoe, Representing 77% Growth DENVER, Feb. 11, 2014 /PRNewswire/ -- Kodiak Oil & Gas Corp. (NYSE: KOG), an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota, today announced preliminary unaudited operational and financial results for the fiscal year ended December 31, 2013. (Logo: http://photos.prnewswire.com/prnh/20131007/LA93138LOGO) Kodiak has prepared the preliminary operational and...

2014-02-11 08:23:58

THE WOODLANDS, Texas, Feb. 11, 2014 /PRNewswire/ -- Newfield Exploration Company (NYSE: NFX) today announces the closing of the previously announced sale of its business offshore Malaysia to SapuraKencana Petroleum Berhad, receiving total proceeds of approximately $898 million. The Share Purchase Agreement was originally executed with SapuraKencana on October 22, 2013, with an effective date of June 30, 2013. Proceeds from the sale will be used to reduce short-term borrowings under...

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...