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Last updated on April 20, 2014 at 8:28 EDT

Latest Petroleum production Stories

2014-01-29 12:22:38

HAMILTON, Bermuda, Jan. 29, 2014 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) announced today plans to appoint Mr. William Restrepo as Chief Financial Officer (CFO) following his upcoming departure from Pacific Drilling S.A. (NYSE: PACD). "Nabors has been seeking to fill the CFO role with someone possessing financial management and operational skills and experience who can meaningfully add to our senior management team. We believe William Restrepo is that person. He brings...

2014-01-29 08:23:37

According to EY's Oil & Gas Center's US quarterly outlook HOUSTON, Jan. 29, 2014 /PRNewswire/ -- The continuing surge in US oil and natural gas production - primarily from unconventional resources, such as shale gas and light, tight oil, made the US the oil and gas industry's largest source of growth. The US looks to be a net exporter of gas within the next 2-3 years, while net oil import dependency has been sharply reduced. (Logo:...

2014-01-28 16:21:58

RADNOR, Pa., Jan. 28, 2014 /PRNewswire/ -- The Board of Directors of PVR GP, LLC, the general partner of PVR Partners, L.P. (NYSE: PVR) ("PVR"), today declared a quarterly distribution of $0.55 per common unit payable in cash on February 13, 2014 to common unitholders of record on February 7, 2014. (Logo: http://photos.prnewswire.com/prnh/20110224/PH54022LOGO ) PVR Partners, L.P. (NYSE: PVR) is a publicly traded limited partnership which owns and operates a network of natural gas...

2014-01-28 16:20:58

TULSA, Okla., Jan. 28, 2014 /PRNewswire/ -- The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has increased the partnership's quarterly cash distribution to 58.5 cents per unit for the period Oct. 1 through Dec. 31, 2013, representing the 47(th )distribution increase since its initial public offering in 2001. The fourth-quarter 2013 distribution is 17% higher than the fourth-quarter 2012 distribution of 50 cents per unit and represents a 5% increase over the...

2014-01-28 08:22:38

HOUSTON, Jan. 28, 2014 /PRNewswire/ -- Recently, Energy Water Solutions and EP Energy (NYSE: EPE) have contracted to deploy movable water recycling facilities in the Eagle Ford Shale close to Cotulla, Texas in LaSalle County. As part of this effort, a produced water unit mobilized in April 2013 has been effectively cleaning produced water to meet the standards for hydraulic stimulation operations. (Photo: http://photos.prnewswire.com/prnh/20140128/DA53855) John Jensen, Executive...

2014-01-27 16:21:30

DENVER, Jan. 27, 2014 /PRNewswire/ -- -- Net daily production recently surpassed 750 MMcfe/d including 15,000 Bbl/d of liquids Fourth quarter 2013 average net daily production is estimated to be 675 to 680 MMcfe/d, above the midpoint of previously announced guidance range -- First 10 Marcellus Shale wells with shorter stage lengths (SSL) had an average 120-day wellhead production rate of 7.9 MMcf/d, 27% above the Company's type curve --...

2014-01-27 08:22:09

HOUSTON, Jan. 27, 2014 /PRNewswire/ -- Evolution Petroleum Corporation (NYSE MKT: EPM) today announced that it has entered into an agreement with a large independent oil and gas operator to install its patented GARP® artificial lift technology on 10 of the operator's wells. All of the wells are located in the Giddings Field in central Texas, with an option to extend to additional wells. The GARP® technology is marketed by NGS Technologies, a wholly owned subsidiary of Evolution...

2014-01-27 08:22:05

HOUSTON, Jan. 27, 2014 /PRNewswire/ -- Sanchez Energy Corporation (NYSE: SN) ("Sanchez Energy" or the "Company"), a rapidly growing independent oil and gas company targeting onshore U.S. Gulf Coast oil resource plays with a current focus on the Eagle Ford Shale and the Tuscaloosa Marine Shale, today provided an update on its fourth quarter 2013 operations and year-end 2013 reserves. Summary Highlights -- Sanchez Energy reported fourth quarter 2013 production of approximately...

2014-01-27 08:21:54

DENVER, Jan. 27, 2014 /PRNewswire/ -- Cartasite, a global provider of fleet safety and asset security products for the oil and gas industry, is pleased to announce the expansion of its Houston, Texas office. Kevin Partridge, formerly a Business Development Manager of the Energy Sector at Delorme Publishing and an Eagle Information Mapping Sales Director, joins Cartasite as Regional Sales Manager and will oversee management of the Houston office. "I'm very much looking forward to...

2014-01-24 23:22:54

The FT Synthesis, the heavy duty Nueman & Esser (NEA) compressors, a 3-Stage Aerzen Compressor, and associated power and processing equipment are a focus of the global oil and gas industry and its rapid expansion. Freiberg, Germany (PRWEB) January 24, 2014 Faith Asset Management Germany GmbH & Co. KG (FAM Germany), in conjunction with Niagara Worldwide, announces the orderly sale of all equipment at the former CHOREN Fischer-Tropsch Synthesis Refinery in Freiberg, Germany to make...