Gateway Energy Acquires Net Profits Interest in Madisonville Gas Field
Gateway Energy Corporation announced that it has acquired a 9.1% net profits interest in certain leases and wells in the Madisonville, Texas gas field for $762,450. The effective date of the acquisition is September 1, 2008. The NPI covers production from certain identified leases and wells owned by operated by Redwood Energy Production, L.P. (“Redwood”) in the Madisonville Field insofar...
Cadre Services Expands Operations to Northern Louisiana
Cadre Services, Inc announced the expansion of its operations to Northern Louisiana. The new regional operation, with facilities in Bossier City, will provide the full complement of Cadre services to customers in this growing energy-producing region. These services include oilfield construction, pipeline services, pump and fabrication services and material products. Joe Cucinotta has been named Location...
Superior Well Services, Inc. Agrees to Acquire Oilfield Service Assets from Diamondback Holdings, LLC
Superior Well Services, Inc. announced that it entered into a definitive asset purchase agreement to acquire certain oilfield service assets from Diamondback Holdings, LLC, a privately-owned company. Pursuant to the terms of the agreement, Superior will acquire Diamondback’s pressure pumping, fluid logistics and completion, production and rental tools business lines for $270.0 million in cash,...
Wentworth Energy and Marathon Oil Sign Three-Year Lease and Joint Operating Agreement
Wentworth Energy, Inc. announced that it has signed a three-year Lease and a Joint Operating Agreement with Marathon Oil Company to explore approximately 9,000 acres of Wentworth Energy’s mineral block in Freestone County, Texas. The agreements give Marathon the right to drill deep gas wells on the minerals and the opportunity to partner with Wentworth Energy on drilling upper zones (above 8,500...
EAST TEXAS DRILLING REPORT, OCTOBER 8
DEVELOPMENTAL Panola County # In a lease 11.1 miles west of Carthage, in a wildcat field, the R.D. Browning GU Well No. 6 will be drilled by AC Exploration. The well will be drilled to 10,200 feet in the Morgan, E Survey, A-469. The well may also be drilled in the Beckville (Travis Peak) Field, the J.G.S. (Rodessa Gloyd) Field, the Fairplay, Northeast (Travis Peak) Field, the Carthage (Pettit, Lower)...
Gastar Exploration Updates PEL 238 Drilling Program New South Wales, Australia
Gastar Exploration Ltd. is pleased to provide an operational update on recent drilling and completion activities on its PEL 238 property located in New South Wales, Australia. PEL 238 DRILLING PROGRAM Gastar, along with Eastern Star Gas Limited (ASX:ESG – News), the operator of the PEL 238 Gunnedah Basin Coal Seam Gas Joint Venture, has recently completed the drilling and fracture stimulation...
EAST TEXAS DRILLING REPORT, AUGUST 27
DEVELOPMENTAL Cherokee County # Marathon Oil will drill the Dixon “A” Well No. 5 in the White Oak Creek (Travis Peak) Field to 12,500 feet, 7.2 miles west of Alto in the Self, I Survey, A-793. # The Barnes Gas Unit 1 Well No. 4 will be drilled by Southwestern Energy Production in the Overton (Cotton Valley Sand) Field. The well will bottom at 12,550 feet and is 3.7 miles northeast of Mixon...
Latest Mining News
Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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