Aztec Announces Partnership Update for Its Closed VIII Drilling Program
Aztec Oil & Gas, Inc. announced the progress of two of its partnerships formed under the Aztec VIII Oil & Gas Drilling Program which is now closed to subscriptions. The Aztec VIII-B Partnership closed June 17, 2009 and the Aztec VIII-C Partnership closed on August 31, 2009. Aztec Energy LLC acts as Managing General Partner for both partnerships and Aztec Drilling & Operating LLC acts...
Rooster Petroleum, LLC Commences Drilling at Eugene Island Block 28
Rooster Petroleum, LLC, is pleased to announce the commencement of drilling of the Rooster #A-3 Well. It is the first well to be drilled by the Company on Eugene Island Block 28. The planned total vertical depth of the well is 12,500 ft and is expected to take 30-40 days to drill and complete. The current infrastructure currently located on Block 28 should allow for all production to be available for...
Crosstex Energy Acquires Eunice Natural Gas Liquids Processing Plant, Fractionation Facility for $42 Million
The Crosstex Energy companies, Crosstex Energy, L.P. and Crosstex Energy, Inc., announced that the Partnership has acquired the Eunice natural gas liquids (NGLs) processing plant and fractionation facility from Phillip Morris for approximately $42 million, which includes $18 million of assumed debt. Previously, Crosstex managed the plant and facility, which are located in south central Louisiana, under...
Fleming Gulf’s Global Mining Technology Forum 1st -2nd March 2010, Dubai -UAE
There is a real need of a highly modified technology for the mining industry today. Being an informational economy, we recognize the increasing availability of information given to us through various resources. On the other hand, we now have tools to enable us to garner great value from that information quite readily. New information products can better inform decision processes. As businesses are...
U.S. Energy Corp. to Drill Third Prospect With Houston Energy L.P.
U.S. Energy Corp., a natural resources exploration and development company with interests in molybdenum, oil and gas, geothermal, and real estate assets, today announced that it has entered into a third Participation Agreement with Houston, Texas-based Houston Energy L.P. to acquire a 25% working interest in an oil prospect located in southeast Louisiana. Houston Energy has estimated that the prospect...
Murphy Oil Announces Samurai Discovery in the Gulf of Mexico
Murphy Oil Corporation announced an oil discovery at the Samurai prospect located in Green Canyon Block 432 in the Gulf of Mexico. The well was drilled in approximately 3,400 feet of water to a total depth of near 31,700 feet. The well encountered in excess of 120 feet of net pay in high quality Miocene Sands. Murphy holds a 33.33% working interest in the discovery. Other equal partners include the...
Meridian Reports Status Update On Weeks Bay No. 15 Well
The Meridian Resource Corporation announced that the Weeks Bay No. 15 well was recently placed on production. This well, located in Iberia Parish in the Weeks Island field, was sidetracked and drilled to approximately 8,900 feet measured depth and logged approximately 43 feet of overall prospective oil pay in the Miocene sand section. The well was put online last week and has produced at an average...
U.S. Energy Enters Into Additional Oil and Gas Participation Agreement With Houston Energy L.P.
U.S. Energy Corp., a natural resources exploration and development company with interests in molybdenum, oil and gas, geothermal, and real estate assets, today announced that it has entered into an additional Participation Agreement with Houston, Texas-based Houston Energy L.P. (HE) to acquire a 11.11% working interest in an oil and gas prospect located in Southeast Texas. HE, a privately held independent...
Cobalt International Energy and Sonangol Forge Major Partnership
Cobalt International Energy, L.P. and Sonangol, E.P. jointly announced the formation of a major partnership in the deepwater Gulf of Mexico and the deepwater offshore Angola. Cobalt will assign 25% of its working interest in 11 Gulf of Mexico deepwater leases to the U.S. subsidiary of Sonangol P&P, Sonangol Exploration and Production International Ltd. Additionally, Cobalt and Sonangol have agreed...
Ecopetrol and Anadarko Signed an Agreement to Undertake Oil Exploratory Activities in Brazil
Ecopetrol S.A., through its Brazilian subsidiary, Ecopetrol Oil Gas do Brasil Ltda., signed a Participation Agreement with Anadarko’s subsidiary, Anadarko Exploracao e Producao de Petroleo e Gas Natural Ltda. Through this agreement, Ecopetrol Oil Gas do Brasil Ltda. will have a 50% participation in the BMC-29 Concession in Brazil. The BMC-29 Concession is an offshore concession located in the...
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