Aspen Announces Interest in 6 Gas Wells in Oklahoma

Aspen Group Resources Corporation announced that it holds a working interest in 6 gas wells in Oklahoma that have been drilled by Conoco-Phillips. It was recently discovered that Aspen had retained a small interest in the leases from a previous sale, and upon further investigation Aspen received confirmation of its interest. These 6 gas wells were drilled in 2007 and 2008, and Aspen has been advised... 

Tag: oklahoma oil and gas wells for sale, woodford shale drilling

Delta Oil & Gas Generates Profit From Sale of Powell #2 and Isbill #2 Wells, Oklahoma

Delta Oil & Gas, Inc. announce that the sale of its working interests in its Owl Creek Prospect (Powell #2 and Isbill #2 wells) at Garvin County, Oklahoma has closed and has generated sale proceeds of approximately $1,300,000. Delta is very pleased that it was able to generate this amount of funds from this sale and intends to actively seek out new oil and gas drilling prospects with these funds.... 

Tag: oil and gas production for sale in oklahoma

Gulfport Energy Weathers Hurricane Gustav Escaping Major Damage

Gulfport Energy Corporation reports that after inspection of its West Cote Blanche Bay facilities by Company operations personnel, the facilities appear to be intact with no structural or other major damage from Hurricane Gustav. The field is ready to begin startup operations; however, the exact timing of the restart of production will be determined primarily by the availability of necessary third... 

Tag: jackfish lake alberta project, where is jackfish lake alberta projects, jackfish lake oil production alberta

Patterson-UTI Reports Drilling Activity for February 2007

PATTERSON-UTI ENERGY, INC. reported that for the month of February 2007 the Company had an average of 257 drilling rigs operating, including 243 rigs in the U.S. and 14 rigs in Canada. For the two months ended February 2007 the Company had an average of 262 drilling rigs operating, including 247 rigs in the U.S. and 15 rigs in Canada. Average drilling rigs operating reported in the Company’s... 

Anadarko Petroleum 4Q Profit More Than Doubles, Boosted by Sale of Canadian Subsidiary

Anadarko Petroleum Corp. said Tuesday its fourth-quarter profit more than doubled from a year ago, lifted largely by the sale of its Canadian subsidiary. The independent oil and gas producer earned $1.92 billion, or $4.13 per share, in the October-December period, up from $874 million, or $1.87 a share, a year earlier. Revenue climbed to $3.18 billion from $1.92 billion a year ago. The average estimate... 

Nitro Petroleum, Inc. Enters Negotiations on Oklahoma Properties

Nitro Petroleum, Inc. – The Company is pleased to announce it has entered into negotiations on three separate oil and gas projects in Oklahoma. The three production and exploration leases are all located in Nowata County. These leases are identified as the East Mooreland, West Mooreland and Farley. The oil and gas sector in Oklahoma is part of the mid continent oil region that stretched from... 

Southeast Supply Header Adds Significant Market Commitments

Southeast Supply Header, LLC (SESH) has signed three additional shippers to long-term contracts, bringing total commitments to nearly 1 billion cubic feet per day (Bcf/d), the initial proposed capacity on the new natural gas pipeline system that is anticipated to be in service by summer 2008. Southern Company, Tampa Electric Company and EOG Resources, Inc., have committed to a total of 245 million... 

Allis-Chalmers Energy Closes Acquisition of Assets of Oil & Gas Rental Services, Inc.

Allis-Chalmers Energy Inc. announced the completion of its acquisition of substantially all the assets of Oil & Gas Rental Services, Inc., a Louisiana-based corporation that provides rental tools to both offshore and onshore exploration and production companies. The purchase price consisted of $291.0 million in cash and 3.2 million shares of Allis-Chalmers common stock. In connection with this... 

Allis-Chalmers Energy to Acquire Oil & Gas Rental Services

Allis-Chalmers Energy Inc. announced that it has entered into a definitive agreement to purchase substantially all the assets of Oil & Gas Rental Services, Inc., a Louisiana based corporation that provides rental tools to both offshore and onshore exploration and production companies. The consideration for the acquisition of the assets will consist of cash in the amount of $291 million and 3.2... 

Tag: allis chalmers purchases oil and gas, allis chalmers rental services llc

Patterson-UTI Reports Drilling Days for September 2006

PATTERSON-UTI ENERGY, INC. reported that for the month of September 2006 the Company had a total of 8,940 drilling days, or an average of 298 drilling rigs operating, including an average of 289 rigs in the U.S. and 9 rigs in Canada. For the three months ended September 2006, the Company reported a total of 27,725 drilling days, or an average of 301 drilling rigs operating, including an average of...