Devon Energy Obtains Approval for Second Jackfish Oil Sands Production Project

Devon Energy Corporation announced today that it has received regulatory approval for the company’s second oil sands project in Canada. Construction of the 100 percent Devon-owned Jackfish 2 project will begin immediately. Once fully operational in 2012, Jackfish 2 will produce about 35,000 barrels of oil per day through a recovery method known as Steam Assisted Gravity Drainage, otherwise known... 

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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... 

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