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Last updated on April 16, 2014 at 8:06 EDT

Latest Petroleum Stories

2014-02-26 08:21:39

HOUSTON, Feb. 26, 2014 /PRNewswire/ --PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today announced that it will make a presentation on March 4, 2014 at the Raymond James 35(th) Annual Institutional Investors Conference. Representing the Company at the conference will be Andy Hendricks, Chief Executive Officer. The presentation will be webcast live beginning at approximately 1:40 p.m. Eastern Time. To access the webcast, go to www.patenergy.com prior to the scheduled start time....

2014-02-25 23:22:32

The global market for enhanced oil recovery (EOR) technologies was valued at $21 billion in 2012 and was estimated at $22.6 billion for 2013. BCC Research expects the market to grow to $34.4 billion by 2018, and register a five-year compound annual growth rate of 8.8% from 2013 to 2018. Wellesley, Mass (PRWEB) February 25, 2014 According to a new technical market research report Enhanced Oil Recovery: Technologies and Global Markets, from BCC Research (http://www.bccresearch.com), the...

2014-02-25 20:20:52

- The reserve replacement ratio was 139%. For each barrel produced, the company added 1.39 barrels to its reserves. - In the past five years, Ecopetrol has increased reserves by 74%. - The average life of Ecopetrol's reserves remained constant at 8.1 years. - Of the outstanding balance, 72.7% is crude and 27.3% is gas. BOGOTA, Colombia, Feb. 25, 2014 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announced today its proven reserves (1P, according to the...

2014-02-25 20:20:44

CUT BANK, MT, Feb. 25, 2014 /PRNewswire/ - Mountainview Energy Ltd. (TSXV: MVW) ("Mountainview" or the "Company") provides an operational update on its two-well drilling program. Operational Update Mountainview has successfully completed the 32 stage fracture treatment on both the Reistad 23-14-1H (the "Reistad 23 well") and the Reistad 26-35-1H (the "Reistad 26 well") from the Company's second multi-well pad in its 12 Gage project in Divide County, ND. The wells were...

2014-02-25 14:11:33

Rice University lab builds rig to evaluate oil, gas wells in fracturing operations A tabletop device invented at Rice University can tell how efficiently a nanoparticle would travel through a well and may provide a wealth of information for oil and gas producers. The device gathers data on how tracers – microscopic particles that can be pumped into and recovered from wells – move through deep rock formations that have been opened by hydraulic fracturing. Drilling companies use...

2014-02-25 08:34:35

CITGO Employees Visit Old Quarry Middle School to Discuss Refining Processes, Environmental Stewardship and Career Opportunities LEMONT, Ill., Feb. 25, 2014 /PRNewswire/ -- CITGO Lemont Refinery employees recently visited Old Quarry Middle School to present information on the refining process, environmental stewardship and career opportunities within the petroleum industry to more than 300 eighth-grade students. "We can always count on the local CITGO employees for classroom...

2014-02-25 08:24:12

HOUSTON, Feb. 25, 2014 /PRNewswire/ -- Lucas Energy, Inc. (NYSE MKT: LEI) ("Lucas" or the "Company"), an independent oil and gas company with its operations in Texas, today announced that it has agreed to participate in the drilling of two wells in Madison County, Texas with an independent operator. The wells will be drilled to a vertical depth of approximately 12,000 feet targeting the Buda and Glen Rose horizons as well as other prospective formations which may be encountered. The...

2014-02-25 04:21:16

CAMARILLO CA, Feb. 24, 2014 /PRNewswire/ - BNK Petroleum Inc. (the "Company" or "BNK") (TSX: BKX), is providing an update on its Polish shale gas project and it's Tishomingo Field, Caney oil shale operations in Oklahoma. Poland In Poland, the Company has successfully drilled, cased and cemented its Gapowo B-1 horizontal well with excellent gas readings regularly recorded throughout the lateral. The well successfully drilled the targeted over-pressured, gas charged, organic-rich...

2014-02-24 16:26:26

HOUSTON, Feb. 24, 2014 /PRNewswire/ -- -- Delivers 40 Percent Year-Over-Year Total Company Crude Oil Growth and 9 Percent Total Company Production Growth -- Reports Strong Year-Over-Year Increases in Adjusted Non-GAAP Net Income Per Share, Adjusted EBITDAX and Discretionary Cash Flow -- Realizes 16 Percent ROE and 12 Percent ROCE -- Increases Eagle Ford Potential Reserves by 45 Percent to 3.2 BnBoe, Net After Royalty -- Achieves 264 Percent...

2014-02-24 16:21:52

LAFAYETTE, La., Feb. 24, 2014 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced financial and operational results for the fourth quarter and year-end of 2013. Some of the highlights include: -- Adjusted net income before one-time charges was $143.2 million, or $2.88 per share, for the year ended December 31, 2013; net income after one-time charges was $117.6 million, or $2.36 per share, for the year ended December 31, 2013; -- Net daily...


Latest Petroleum Reference Libraries

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2010-10-07 16:05:32

The Seismometer is an instrument designed to measure the motions of the ground. This includes seismic waves generated by earthquakes, nuclear explosions, and other seismic sources. Records of these activities allow seismologists to map the interior of the Earth, and locate and measure the size of the different sources. There are also seismographs, which is sometimes used in place of the word seismometer. However, a seismograph is the older instrument in which the measuring and recording...

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