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Latest Petroleum geology Stories

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...

2014-05-19 12:22:43

Successful tests of targeted Cretaceous and Jurassic reservoirs at Demir Dagh-3; Inconclusive results at Demir Dagh-5 CALGARY, May 19, 2014 /CNW/ - Oryx Petroleum Corporation Limited ("Oryx Petroleum" or the "Corporation") today announces the test results for the Demir Dagh-3 well ("DD-3") and Demir Dagh-5 well ("DD-5") appraisal 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...

2014-05-16 12:23:56

HOUSTON, May 16, 2014 /PRNewswire/ -- Hyperdynamics Corporation (NYSE: HDY) today announced the settlement of litigation in London involving AGR Well Management Ltd ("AGR"). AGR provided project management services for Hyperdynamics' subsidiary, SCS Corporation Ltd. ("SCS"), in connection with the drilling of the Sabu #1 well offshore Guinea in 2011-2012. SCS will receive U.S. $17.7 million from the escrow account previously established by the parties. The claims by SCS and the...

2014-05-14 12:25:54

DALLAS, May 14, 2014 /PRNewswire/ -- The report "Oil and Gas Accumulator Market by Type (Bladder, Diaphragm and Piston), Application (Blowout Preventer, Mud Pumps and Offshore rigs), Geography - Global Trends & Forecast to 2018", defines and segments the global Oil and Gas Accumulators Market with an analysis and forecast of the revenue. The Oil and Gas Accumulators Market will grow from an estimated $0.78 Billion in 2013 to $1.31 Billion by 2018, with a CAGR of 10.9%....

2014-05-14 08:24:54

VANCOUVER, May 14, 2014 /PRNewswire/ - Cayden Resources Inc. (TSX.V:CYD) ("Cayden" or the "Company") is pleased to announce results for 9 additional drill holes from the Pena de Oro target at the Company's El Barqueno Gold Property in Jalisco State, Mexico. Drilling highlights include 26 meters of 2.35 g/t Au in Hole 50, 30 meters of 1.61 g/t Au in Hole 49, 38 meters of 1.47 g/t Au and 0.67% Cu in hole 52, and 70 meters of 0.80 g/t Au and 0.49% Cu in hole 54. The results...


Word of the Day
lunula
  • A small crescent-shaped structure or marking, especially the white area at the base of a fingernail that resembles a half-moon.
This word is a diminutive of the Latin 'luna,' moon.
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