Latest Petroleum production Stories

DENVER, March 13, 2013 /PRNewswire/ -- Double Eagle Petroleum Co. (NASDAQ: DBLE) announced today that the Company's Niobrara exploration well 41-12N had an initial production rate of 467 barrels of oil equivalent (BOE) per day. The production was composed of 334 barrels of oil and 800,000 cubic feet of natural gas per day. The aforementioned production rate does not include any potential production from the deeper gas formations of the Frontier and Dakota. The Company is awaiting...

VANCOUVER, March 13, 2013 /PRNewswire/ - Bear Creek Mining (TSX Venture: BCM/ BVL: BCM) ("Bear Creek" or the "Company") is pleased to announce results for the five (5) diamond drill holes (1105.3 meters) from its Phase I drill program on the Sumi project. Highlights of the results are: -- Drill hole SU-5 returns 17 meters averaging 3.6 g/t Au and 3.2 g/t Ag from 50.65 to 68 meters depth. -- Drill hole SU-2 returns 50 meters averaging 0.98 g/t Au...

HOUSTON, March 13, 2013 /PRNewswire/ -- Dril-Quip, Inc. (NYSE: DRQ) today announced that Dril-Quip Asia Pacific Pte Ltd, its wholly owned subsidiary, in conjunction with its local representative UMW Petrodril (Malaysia) Sdn. Bhd., has been awarded a contract to supply drilling and production equipment and related services to Sabah Shell Petroleum Company Limited for the Shell Malikai TLP project located offshore Malaysia in approximately 1,800 feet of water. Dril-Quip will...

ZUG, Switzerland, March 12, 2013 /PRNewswire/ -- Noble Corporation (NYSE:NE) today announced that David W. Williams, Chairman, President and Chief Executive Officer, will present at the Howard Weil 41(st )Annual Energy Conference in New Orleans, Louisiana, on Tuesday, March 19, 2013 at 8:00 a.m. Central Daylight Time. Presentations from this conference are not being webcast; however, a copy of Noble's presentation materials will be available on or prior to the presentation in the...

LNG industry outlook with 2017 forecasts as well as capacity analysis and details of all operating and planned regasification terminals for Asia Pacific, Euorpe and Japan covered in these reports. DALLAS, March 12, 2013 /PRNewswire-iReach/ -- With the development of China's economy and improvement in urbanization levels, the demand for natural gas and LNG in China is expected to maintain the rapid increase in the coming years. Nowadays, firewood and coal are still used as fuels in...

Building on 37-year History Manufacturing Space Shuttle External Tanks NEW ORLEANS, March 12, 2013 /PRNewswire/ -- Applying technologies originally developed for high technology government programs to our national energy and economic priorities, Lockheed Martin (NYSE: LMT) is leveraging its expertise in the manufacture of Space Shuttle external tanks to meet the rapidly growing demand for liquefied natural gas (LNG) tanks for storage and transportation. Lockheed Martin has received...

~ New study finds that U.S. economy is better off using natural gas in manufacturing than exporting natural gas as LNG WASHINGTON, March 12, 2013 /PRNewswire/ -- America's Energy Advantage (AEA) today called on the Department of Energy to use a new report from consultants at Charles River Associates (CRA) to overcome the rebuttable presumption for LNG exports created by the Natural Gas Act. The report examines the economic trade-offs between LNG exports and manufacturing in the...

Production increased 92% from fourth quarter 2011 to 42.5 MMcfe per day HOUSTON, March 11, 2013 /PRNewswire/ -- Gastar Exploration Ltd. (NYSE MKT: GST) ("Gastar") today reported financial and operating results for the three and twelve months ended December 31, 2012. Net income attributable to Gastar's common shareholders for the fourth quarter of 2012 was $2.9 million, or $0.05 per diluted share. Excluding the impact of an unrealized hedging loss of $1.5 million, adjusted net...

AUSTIN, Texas, March 11, 2013 /PRNewswire/ -- Laredo Oil, Inc. ("Laredo Oil") (OTCBB: LRDC) announced today that Stranded Oil Resources Corporation ("SORC") has awarded Frontier-Kemper Constructors, Inc., A Tutor Perini Company, a contract to commence the Enhanced Oil Recovery ("EOR") project under its licensing agreement with Laredo Oil. Laredo Oil will manage the project on behalf of SORC. Mark See, Chairman and CEO of Laredo Oil, stated, "We have doubled our workforce to 12...

TSX, NYSE MKT: BXE CALGARY, March 11, 2013 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce the well test results of its most recent long reach Fahler horizontal liquids rich natural gas well. At Ferrier, the Company drilled its first long reach Fahler horizontal liquids rich natural gas well (100% working interest) to a total depth of 5,205 meters with a horizontal length of 2,845 meters. The well was...