B.C. Provincial Government halts mineral exploration in Flathead Valley
Max Resource Corp. has learned that the Government of British Columbia intends to halt all ongoing mineral exploration work and prohibit any future mine development in the Flathead Valley in Southeastern B.C. In his Throne Speech of February 9, 2010, which outlines the B.C. Government’s legislative agenda for the upcoming session, BC Lieutenant-Governor Steven L. Point announced that the Province...
Chesapeake Energy Corporation Announces $2.25 Billion Barnett Shale Joint Venture with Total E&P USA, Inc.
Chesapeake Energy Corporation announced the execution of an agreement for a $2.25 billion joint venture with Total E&P USA, Inc., a wholly-owned subsidiary of Total S.A. (NYSE:TOT, FP:FP) (“Total”), whereby Total will acquire a 25% interest in Chesapeake’s upstream Barnett Shale assets. Total will pay $800 million in cash at closing and will pay an additional $1.45 billion by funding 60%...
Credo Petroleum Announces Drilling on Its First Horizontal Bakken Well
Credo Petroleum Corporation, an oil and gas exploration and production company with significant assets in the Mid-Continent and Rocky Mountain Regions, today provided an update on its horizontal Bakken drilling project. Credo entered the horizontal Bakken oil play in 2008 as part of its ongoing strategy to focus on developing oil production and reserves. To date, the company has acquired 6,100 gross...
The Start-up of Ledong Promotes CNOOC Limited’s Gas Production Growth
CNOOC Limited announced today that Ledong (LD) 22-1, an independent gas field of the Company, has successfully commenced production. Currently, it is producing approximately 30 thousand cubic feet of natural gas per day via 5 wells. About 47 kilometers eastern of the producing field Yacheng 13-1 and 20 kilometers western of LD 15-1 gas field, LD 22-1 is located in the Yinggehai Basin of the Western...
CBM Asia Development Acquires Interest in South Sumatra Production Sharing Contract
CBM Asia Development Corp. announces that it has signed a Letter of Intent (“LOI”) with Batavia Energy Inc. (“Batavia”) to acquire 48 percent of South Sumatra Energy Inc. (“SSE”) which, together with PT Medco CBM Sekayu (“PT Medco”), holds a Production Sharing Contract (“PSC”) for coalbed methane on a 58,349 hectare block located in the South...
Goodrich Petroleum Announces Haynesville Shale Well Results
Goodrich Petroleum Corporation, an independent oil and gas exploration and production company today announced results on three Haynesville Shale wells. The Company has completed its initial horizontal Haynesville Shale well in East Texas, the J.K. Williams 7H, which tested at a rate of 7.0 MMcf per day on a 34/64 inch choke with 2,800 psi. The well is located in the Company’s Beckville/Minden...
AB Resources Gears Up to Aggressively Exploit the Marcellus Shale
AB Resources LLC has taken steps to enhance the technical expertise required to explore and develop the Company’s extensive acreage position in the Marcellus Shale formation. The Marcellus Shale, a gas-productive formation spread across Pennsylvania and West Virginia, has become the premier natural gas play in the Appalachian Basin. AB Resources is poised to become a leading operator in Marcellus...
Addax Petroleum receives notification for international exports from the Kurdistan Region of Iraq
Addax Petroleum Corporation, an international oil and gas exploration and production company today announced that it has received formal notification from the Kurdistan Regional Government of its decision to commence the export of crude oil. The notification requests that Addax Petroleum and Genel Energy International Ltd prepare to truck oil from the Taq Taq field to the Khurmala export station on...
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...
Cubic Energy, Inc. Participates in Additional Chesapeake Horizontal Haynesville Shale Well
Cubic Energy Inc. said it has accepted a proposal to participate in the horizontal drilling of Chesapeake’s Clingman Acres 11H well. This well is located in the Johnson Branch Field of Caddo Parish, Louisiana, and will be horizontally drilled to a measured depth of 17,000 feet, followed by a Haynesville Shale completion. The Clingman Acres 11H is located in Section 11, Township 15 North –...
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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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