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... 

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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... 

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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... 

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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... 

First Oil & Gas from the Shenzi Field in Deepwater Gulf of Mexico

BHP Billiton announced that first oil and natural gas production has commenced from the Shenzi development in the deepwater Gulf of Mexico. The tension leg platform (TLP) has a nominal capacity of 100,000 barrels of oil per day and 50 million cubic feet per day of natural gas, on a 100 percent basis. The Shenzi facility is located approximately 120 miles (195 kilometres) off the Louisiana coastline... 

Natural Gas Oversupply and New Pipeline Capacity Promise Bonanza for Northeast Natural Gas Buyers

A new report from BENTEK Energy examines the consequences of rapidly changing natural gas market conditions in the Northeast resulting from continuing increases in domestic production, new pipeline infrastructure and shifts in the sources of natural gas imports. Just issued, Part 3 of BENTEK’s “Catch the Wave™” Market Alert series illustrates important Northeast market developments... 

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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... 

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Capital City Energy Group, Inc. Continues to Expand Reserve Base through the acquisition of Interests in 38 Oil and Natural Gas Wells for more than $1.7 million

Capital City Energy Group Inc. announced that it has expanded its reserve base yet through the strategic acquisition of interests in thirty-eight (38) oil and natural gas wells located in four different Basins in the continental United States that have generated significant amounts of oil and natural gas production. Capital City purchased the interests in the wells for $1,722,086, which are operated... 

Callon Petroleum Company Provides Operations Update

Callon Petroleum Company announced that after previously being shut-in due to third-party downstream transmission line and processing facility damage caused by Hurricanes Gustav and Ike, production has resumed at most of its significant facilities located in the Gulf of Mexico. The Company expects remaining shelf facilities, which are shut-in, to be online within the next several weeks. This should... 

Cabot Oil & Gas Provides Marcellus Update, East Texas Waiting on Frac Proppant

Cabot Oil & Gas Corporation announced that its Marcellus initiative in northeastern Pennsylvania is gaining momentum and is currently producing over 13 Mcfe per day. Most recently, Cabot completed its first Marcellus horizontal well with a measured depth of 8,925′ and a horizontal leg at 2,000′ using a six-stage frac. The result was a 24-hour average initial production rate of 6.4... 

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