Latest Petroleum Stories

SPOKANE, Wash., April 23, 2013 /PRNewswire/ -- Daybreak Oil and Gas, Inc. (OTCBB: DBRM) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce the initiation of a six well drilling program at the East Slopes Project in Kern County, California, where the Company currently owns a working interest in 11 producing oil wells. As part of the long-term development plan for this project area, the Company plans to drill five development oil wells and one exploration...

Current Production is in Excess of 6,000 BOE/d HOUSTON, April 23, 2013 /PRNewswire/ -- Sanchez Energy Corporation (NYSE: SN), a fast growing independent oil and gas company targeting the liquids-rich Eagle Ford Shale, Pearsall Shale, Austin Chalk, and Buda Limestone, today provided an operations update on the Company's activities. Summary Highlights Estimated first quarter 2013 production of 355 MBOE, an increase of 106% over the previous quarter and an increase of 320% as...

TSX-V Ticker: SWA SWA.WT VANCOUVER, April 23, 2013 /PRNewswire/ - Sarama Resources Limited ("Sarama" or the "Company") is pleased to report that recent reverse-circulation ("RC") and diamond drilling at its South Houndé Project in south-western Burkina Faso has extended high-grade mineralisation in the southern area of the MM Prospect to a vertical depth of 260m.  Associated infill drilling has also confirmed the geological continuity and grade distribution of the interpreted...

Higher demand, drilling cuts, lower storage levels raise gas prices 50 percent above record lows, according to Ernst & Young quarterly oil and gas update HOUSTON, April 23, 2013 /PRNewswire/ -- Cutbacks in US natural gas drilling and production and higher North American demand combined to decrease storage levels and raise prices above $4/mmbtu in the first quarter of 2013, according to Ernst & Young Oil & Gas Center's quarterly analysis. Gas-directed drilling fell in 2012...

10th Maghreb, Mediterranean, MidEast Upstream Conference highlights new developments PARIS, April 23, 2013 /PRNewswire/ -- With the potential to satisfy all of Europe's gas-LNG needs, with much unexplored terrain and new oil-gas finds the Maghreb, Mediterranean & MidEast region remains a target zone for future opportunity and will continue to shape the dynamics of the global upstream industry. All new discoveries, production developments, gas-LNG finds, state oil/gas policies and...

HOUSTON, April 23, 2013 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today regretfully announced the passing of Kenneth R. Peak, a member of the Company's Board of Directors. The Company wishes to extend its deepest condolences to the family, friends and colleagues of Mr. Peak. Mark S. Siegel, Chairman of Patterson-UTI, stated, "It is with great sadness that we mourn the passing of Ken Peak. Ken was an accomplished businessman and a board member, who brought valuable...

WASHINGTON, April 22, 2013 /PRNewswire-USNewswire/ -- American Fuel & Petrochemical Manufacturers (AFPM) President Charles T. Drevna issued the following statement today as the association submitted comments on the Department of State's (DOS) Draft Supplemental Environmental Impact Statement (SEIS) for TransCanada's May 2012 Presidential Permit application for the proposed Keystone XL pipeline: (Logo: http://photos.prnewswire.com/prnh/20120125/MM41823LOGO) "After over four...

How does the diesel engine impact the earth? WASHINGTON, April 22, 2012 /PRNewswire-USNewswire/ -- Diesel power is part of a sustainable clean energy future because it is the most energy-efficient internal combustion engine, it has near-zero emissions and is fully capable of using renewable biodiesel fuels. (Logo - http://photos.prnewswire.com/prnh/20120201/MM46474LOGO) "Clean Diesel Power for Earth Day and Everyday" Diesel Direct Earth Day Newsletter Diesel Engines Power...

HOUSTON, April 22, 2013 /PRNewswire/ -- Parker Drilling Company (NYSE-PKD), an international drilling contractor and drilling services and rental tools provider, announced today the acquisition of International Tubular Services Limited and certain affiliates (ITS), subsidiaries of ITS Tubular Services (Holdings) Limited, a privately held international rental tools and well services company. In line with Parker's strategic goal to offer additional integrated products, services and...

Fueling Good Gets Better with Custom-Blended Fuel HOUSTON, April 22, 2013 /PRNewswire/ -- Maximizing engine performance and drivability are two key benefits of an enhanced gasoline recently introduced by CITGO Petroleum Corporation. Known as TriCLEAN gasoline, this custom blend includes more nitrogen cleaning agents to keep vital engine parts clean for a smoother running engine that maximizes mileage and minimizes emissions. TriCLEAN is specifically tailored for and available...