The Meridian Resource Corporation announced initial production test results on its Davis A-388 No. 1 well, located in Polk County, Texas in the Company’s East Texas Austin Chalk Play. The well was recently tested at gross daily flow rates as high as 19 million cubic feet of natural gas per day (“Mmcf/d”) and 3,200 barrels [...]

Oil prices climbed for a third day Wednesday as fears deepened that Tropical Storm Gustav could enter the Gulf of Mexico as a powerful hurricane and disrupt oil and natural gas production.
On its current trajectory, Gustav could also damage fuel refineries along the vulnerable Gulf Coast and push gasoline prices higher at the pump in [...]

ION Geophysical Corporation announced today that it has successfully completed the acquisition phase of a multi-client seismic imaging project using its FireFly® cableless land acquisition system. The project was completed on time and under budget in a remote, environmentally sensitive area of northwest Colorado by the seismic contractor Geokinetics Inc., which ION selected to acquire [...]

Enterprise Products Partners L.P. announced that its affiliates have signed new long-term agreements with major producers in the Barnett Shale region that will utilize approximately 900 million cubic feet per day of capacity on the partnership’s 1.1 billion cubic feet per day (“Bcfd”) Sherman Extension natural gas pipeline. The partnership also announced that it will [...]

Swift Energy Company announced that it has signed an agreement to purchase from Crimson Energy Partners, L.P., a privately held company, oil and natural gas interests in Dimmit County in South Texas for $47 million. The interests in Crimson’s Briscoe “A” lease and wells are located on 5,140 acres adjacent to existing Swift Energy production [...]

Acergy S.A. announced today the award of a contract valued at approximately $60 million from BP Norge AS on behalf of the Skarv licensees.
The contract is for the installation of ten dynamic flexible risers systems, two dynamic umbilicals and a Direct Electrical Heating dynamic cable. Installation is due to commence in the second half of [...]

Frontier Oil Corporation announce that Leo J. Hoonakker was promoted to the position of Vice President – Treasurer. He will report to the Vice President - Corporate Finance.
Hoonakker has worked for Frontier and its predecessor companies for over 20 years and as Treasurer of Frontier Oil Corporation since 2005. Prior to joining Frontier, Hoonakker was [...]

TransAtlantic Petroleum Corp. announced that it is changing its operating strategy from a prospect generator to a vertically integrated project developer. To execute this new strategy, the Company has agreed in principle to acquire Longe Energy Limited (”Longe”), an entity associated with the Company’s Chairman, N. Malone Mitchell 3rd, in conjunction with a private placement [...]