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Latest Piceance Basin Stories

2011-07-25 07:00:00

DENVER, July 25, 2011 /PRNewswire/ -- Delta Petroleum Corporation (Delta or the Company) (NASDAQ Capital Market: DPTR), an independent oil and gas exploration and development company, announced today that the 2C-433D well began producing hydrocarbons on Wednesday, July 20, at a choke-restricted rate of 5.4 million cubic feet of gas per day (MMcf/d) with 8360 psi of flowing tubing pressure. Gas sales from the well began on Thursday, July 21. The well continues to produce at a choke...

2011-07-21 17:56:00

DENVER, July 21, 2011 /PRNewswire/ -- Antero Resources announced today that its proved reserves at June 30, 2011 increased 10% to 3.6 Tcfe while proved, probable and possible reserves (3P) increased by 37% to 14.3 Tcfe. Antero also announced that it has increased its natural gas hedge position since May 2011 to 465 Bcfe with an average NYMEX-equivalent price of $5.92 per MMBtu. Proved Reserves At June 30, 2011, Antero added 194 Bcfe of proved reserves through the drill bit and 168 Bcfe...

2011-07-06 05:50:00

DENVER, July 6, 2011 /PRNewswire/ -- Delta Petroleum Corporation (Delta or the Company) (NASDAQ Capital Market: DPTR), an independent oil and gas exploration and development company, announced today the initiation of a strategic alternatives process. Carl Lakey, Delta's President and CEO stated, "With the June 28 closing of the $43.2 million sale of non-core, non-operated assets located in Texas and the DJ Basin, Delta has now completed the transformation to become essentially a pure...

2011-06-17 07:00:00

DENVER, June 17, 2011 /PRNewswire/ -- Delta Petroleum Corporation (Delta or the Company) (NASDAQ Capital Market: DPTR), an independent oil and gas exploration and development company, announced today that it has entered into a Purchase and Sale Agreement (PSA) with Wapiti Oil & Gas, L.L.C. (Wapiti) to sell its remaining non-operated interests in various non-core assets for $43.2 million. The transaction is expected to close by the end of June. The non-operated, non-core assets to be...

2011-05-31 06:00:00

DENVER, May 31, 2011 /PRNewswire/ -- Antero Resources today announced a revised 2011 capital budget and outlook and updated its hedge position. 2011 Capital Budget Antero's board of directors has approved a $126 million increase in the Company's capital budget for 2011. Antero's revised capital budget for 2011 is $685 million and includes $519 million for drilling and completion, $86 million for the construction of gathering pipelines and facilities and $80 million for leasehold...

2011-04-12 14:52:00

HOUSTON, April 12, 2011 /PRNewswire/ -- Sharewell Energy Services, a division of Sharewell L.P. announced today that it just completed the drilling of a well in the Rocky Mountain area with its proprietary Electro-Magnetic Measurement While Drilling System (EM MWD) (Electro-Trac(TM)) to a depth in excess of thirteen thousand feet (13,000 feet). This is a record depth for Sharewell's state-of-the-art EM MWD technology. Electro-Trac(TM) successfully steered and surveyed the above well to a...

2011-03-08 11:58:00

LAFAYETTE, La., March 8, 2011 /PRNewswire/ -- United Vision Logistics is pleased to announce the opening of the first United Vision Logistics terminal in Darlington, Pa. The new terminal, which opened in September, will service the Marcellus Shale, expanding the company's operations in the U.S. energy exploration and production industry. "We're excited to bring United Vision Logistics' proficiency and trusted service into the Marcellus Shale, one of the most promising natural gas...

2011-02-23 06:00:00

DENVER, Feb. 23, 2011 /PRNewswire/ -- Antero Resources announced today that its proved reserves at December 31, 2010 increased 183% to 3.2 Tcfe. From all sources, Antero estimates that it replaced 4,447% of production in 2010 with 3,643% of the reserve replacement occurring through the drill bit and the booking of natural gas liquids (NGLs). Finding and development costs from all sources, including acquisitions, leasehold additions and all price and performance revisions averaged $0.28...

2011-02-17 06:30:00

TULSA, Okla., Feb. 17, 2011 /PRNewswire/ -- Williams (NYSE: WMB) announced today that its total proved natural gas and oil reserves as of Dec. 31, 2010, were approximately 4.5 trillion cubic feet equivalent (Tcfe) - including international reserves of approximately 0.2 Tcfe. Approximately 94 percent of total proved reserves are natural gas, with approximately 59 percent proved developed and 41 percent proved undeveloped, reflecting a continuation of the increase in the ratio of...

2010-12-02 06:00:00

DENVER, Dec. 2, 2010 /PRNewswire/ -- Antero Resources today announced that it has acquired Bluestone Energy Partners, a privately held West Virginia natural gas producer. The Bluestone assets include producing properties with 19 MMcfd of gross operated production (13 MMcfd net including non-operated production) from 93 operated vertical and 3 operated horizontal wells, gathering and compression assets and approximately 40,000 net acres in the Marcellus Shale play in West Virginia and...


Word of the Day
tesla
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.