Lime Rock Resources II Closes at $410 Million
Lime Rock, a private equity firm focusing on the global energy sector, today announces the closing of Lime Rock Resources II with $410 million in total capital commitments. Like the first Lime Rock Resources fund, Lime Rock Resources II will seek to acquire, directly operate, and improve lower-risk oil and gas properties in the United States. Together with the Lime Rock Partners funds, which invest...
Geotrace Accelerates Oil and Gas Discovery With Isilon IQ
Isilon(R) Systems, the proven leader in scale-out NAS, today announced that Geotrace, a leading reservoir services provider, has deployed Isilon IQ to power a robust suite of seismic data processing and analysis applications used to accelerate worldwide oil and gas discovery. Using Isilon scale-out NAS, featuring its OneFS(R) operating system, Geotrace has created a single global namespace for both...
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...
ProspEx Resources Announces Kakwa Horizontal Well Results and Establishment of New Operating Area in West Central Alberta
ProspEx Resources Ltd. is providing an operational update with respect to certain projects within its 2009 capital program. “Flow test results from our East Kakwa horizontal well have exceeded expectations, validating the concept of a repeatable horizontal drilling development on our lands”, said John Rossall, President and Chief Executive Officer. “I am also excited to announce that...
La Cortez Energy Update of the Drilling Operations for the Mirto-1 Well in the Maranta Block in the Putumayo Basin in Colombia
La Cortez Energy, Inc. announce the following operational update: Emerald Energy Plc. , the operator of the Maranta Block where La Cortez will hold a 20% working interest, reached the intended total depth of 11,578 ft on the Mirto-1 exploration well, with oil and gas shows recorded across the four target reservoirs. Three of the four potentially hydrocarbon bearing intervals have been flow tested with...
U.S. Energy Corp. Announces Initial Production Results From Their Stoddard #1 Well in Texas
U.S. Energy Corp. a natural resources exploration and development company with interests in molybdenum, oil and gas, and real estate assets, today announced that its partner, Houston Energy, L.P. (“HE”) has advised the company that an initial production test from the Stoddard #1 well (first well drilled with HE) in Southeast Texas resulted in approximately 3.9 MMCF and 240 barrels of oil...
Bridge Resources Corp. Provides Update on USA Drilling Program
Bridge Resources Corp. through its new wholly-owned subsidiary Bridge Energy Inc. has submitted applications to drill five wells in the Boise Basin, Idaho commencing in Q4, 2009. The wells range in depth from 4,500 to 7,000 feet and will be targeting both shallow gas and deeper oil reservoirs. Several older wells flowed gas to surface at measured rates up to 400,000 cubic feet per day and two of the...
Commencement of Bowmore Appraisal Well Drilling Operations in UK North Sea
Stratic Energy Corporation, a Canadian-incorporated international oil and gas business focused on adding value principally through the appraisal, development and production of existing discoveries, supplemented by a low to moderate risk exploration program announces that operator Nippon Oil Exploration and Production U.K. Limited commenced drilling operations on the 15/24a-J Bowmore appraisal well...
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...
Additional Coal Applications Submitted to Saskatchewan Government
Micron Enviro Systems, Inc. announce that it has applied for additional coal permits that are contiguous to existing coal permits currently held by the Company. These applications are located within the “Durango Trend” of the coal deposits in Saskatchewan, Canada. This area is the host for the most recent discovery by Goldsource Mines Inc., whose stock price rose from $0.30 to over $19/share...
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American Mining Corporation announce that it has signed a binding letter of intent to enter...
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