Rex Energy Corporation Provides Operational Update For ASP Flood Pilot Projects and Marcellus Shale Activities

Rex Energy Corporation provided an operations update today on its two major projects, the ASP flood pilot projects in the Illinois Basin and the Marcellus Shale project in the Appalachian Basin. In the company’s Alkali-Surfactant-Polymer (“ASP”) flood project, injection of the ASP chemicals is continuing in the two pilot projects in the Lawrence field. The company’s Bridgeport Sandstone ASP... 

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Occidental to Develop Major New Texas Enhanced Oil Recovery Assets, Increasing U.S. Production

Occidental Petroleum Corporation announced an agreement with SandRidge Energy to develop a West Texas hydrocarbon gas processing plant and related pipeline infrastructure that will provide carbon dioxide (CO2) for use in Oxy’s enhanced oil recovery (EOR) projects. The new CO2 resources are expected to expand Oxy’s Permian production by a minimum of 50,000 barrels of oil per day within... 

PACO Oil & Gas Inc. Acquires Oklahoma-Based McGill Gas Lease

PACO Oil & Gas Inc. an exploration company focused on purchasing under valued oil and gas leases — has completed negotiations to acquire the McGill gas lease properties located in Okalahoma. PACO Oil & Gas reports that the property has one gas well in the Rowe Formation that is expected to produce up to 100 mcf of gas per day. The company is currently waiting on completion of highway... 

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Baseline Oil & Gas Announces Strategic Acquisition

Baseline Oil & Gas Corp., an independent oil and gas exploration and development company, announced today that it has entered into a definitive Purchase and Sale Agreement with a private company and individuals to acquire certain oil and natural gas properties in the Eliasville Field (also referred to as the Stephens County Regular Field) located in Stephens County, Texas, some 90 miles west of... 

GSPC-JEL-GGR Consortium Commences Drilling the KG#15 Well

GeoGlobal Resources Inc. (AMEX: GGR) announced today that the drilling of the KG#15 exploratory well has commenced. The KG#15 is the third exploratory well to be drilled from the KG#8 well platform using the Saipem Perro Negro 3 jack-up drilling rig and is intended to further delineate the extent of the KG Structure. The KG#15 will be drilled directionally to an intended total vertical depth (“TVD”)... 

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