Terrawest Energy Corp. Announces Natural Gas Discovery

Petromin Resources Ltd., a progressive international Petroleum and Natural Gas Exploration and Production Company announce that Terrawest Energy Corp. (TWE) has tapped into what may be a massive new unconventional natural gas resource in China. The company discovered significant gas-bearing shale and multiple coal seams in its LHG 08-03 well drilled in November 2008. TWE holds a 47% interest in a production... 

Tag: terrawest energy group, coal shale gas equipment, terra west resources, energy and capital top natural gas, urumqi burning gas corp china

Evolution Petroleum Reports Drilling Results in the Giddings Field

Evolution Petroleum Corporation reported recent drilling results for two wells in the Giddings Field in central Texas. In mid-January, the Company completed the Hilton-Yegua #1RE as a re-entry into an existing well in the Burleson County area of the Giddings Field. The re-entry included drilling a new vertical section from 3,000′ depth to a total vertical depth of 10,500′ and then drilling... 

Tag: gas lease pennsylvania, chesapeake energy marcellus shale production unit wetzel, vialogy, grimes county austin chalk, current gas lease rates pennsylvania

Epsilon Energy Ltd. Updates Its Shares Purchased to Date Under Its Normal Course Issuer Bid

Epsilon Energy Ltd., announced that it had purchased 1,000,000 of its Common Shares through a combination of open market and block trades at an average cost of $0.83 per Common Share between October 1, 2008 and November 7, 2008. Under terms of the Normal Course Issuer Bid approved by the Toronto Stock Exchange (“TSX”) on September 29, 2008, Epsilon may purchase up to a total of 2,000,000... 

Tag: chemist vacancy in maaden phosphate, bakken drilling project, chemist jobs in maaden mining company mining, maaden vacancies, maaden phosphate company saudi arabia vacancies

Carrizo Oil & Gas, Inc. and Avista Capital Partners Announce Formation of Joint Venture in Marcellus Shale

Carrizo Oil & Gas, Inc. and Avista Capital Partners announced that they have entered into a joint venture to pursue growth opportunities in the Marcellus Shale. Under the terms of the agreement, Carrizo and Avista have each committed to contribute up to $150 million in cash and properties to acquire and develop acreage in the Marcellus Shale play, including the dedication of all of their respective... 

Tag: natural gas avista, carrizo marcellus acquisition, avista oil and gas, avista capital partners, marcellus shale joint development

Waratah Announces Exploration Target in the Range 205 to 415 Billion Tonnes of Coal at Its Galilee Basin Project

Waratah Coal Inc announce a coal exploration target of 205 – 415 Billion tonnes in its Galilee Basin tenements and tenement applications. The exploration target has been declared following a broader tenement study using current and historical data. This data includes exploration drilling from the known resources previously declared by Waratah and others. Additionally it draws on petroleum well... 

Sharon announces acquisition of oil and gas leases on the Eagleford Shale trend in Texas

Sharon Energy Ltd. reported that the Company has acquired, over the last three months, approximately 5,400 gross acres in the Eagleford Shale play, located in Texas. Sharon and its partner have 4,250 net acres. Sharon has a 50 % working interest in the net acres and is the Operator of the project. Sharon’s acreage is on trend with the recently announced gas discovery by Petrohawk Energy Corporation... 

Tag: acres needed per shale oil well, eagleford lease prices, la salle county texas oil gas, artesia wells texas oil, shale gas acquisition trend

Mainland Resources, Inc. and JV Partner Spud First Haynesville Shale Well on the Company’s DeSoto Parish, Louisiana Property

Mainland Resources, Inc., a Nevada corporation reports that its JV Partner and operator has commenced drilling operations on the first JV well to evaluate potential of the Haynesville Shale gas formation on Mainland’s Louisiana leases. Mainland Resources, Inc. holds interest in approximately 2,695 net acres, which form part of the East Holly Field in DeSoto Parish, northwest Louisiana. The Griffith... 

Tag: how many gas wells will be drilled in desoto parish

Allied Energy Begins Production Operations in Southeast Ohio

Allied Energy, Inc. announced that it has commenced production operations for its developments in Washington and/or Athens Counties, Ohio. The Humphrey #1 (first well) has been completed for production and turned into the line producing on the 10th of October. Although no assurances can be made, we believe this well could produce in the 70,000 cubic feet of gas per day range, which equates to monthly... 

Petrohawk Reduces 2009 Capital Budget, Focused on Haynesville and Fayetteville Development

Petrohawk Energy Corporation announced that it will reduce its 2009 capital budget by a third and reallocate spending to more heavily weight projects with the highest internal rates of return and highest potential for reserve growth, namely, development in the Haynesville and Fayetteville Shales. The shift allows the Company to further affirm its strong capitalization. The 2009 capital budget, which... 

Tag: waddell zinc company, haynesville seismic, conocophillips haynesville, petrohawk, independent oil and gas capital budgets

Mooncor Commences Activity in Southwestern Ontario Shales and Updates Strategy for British Columbia, Alberta and Saskatchewan Shale Opportunities

Mooncor Oil & Gas Corp., update the Corporation’s shale gas activities in southwest Ontario, Saskatchewan, Alberta and British Columbia. Southwest Ontario Shales Mooncor has executed a farm-in agreement to participate in a non-operated well targeting a Silurian pinnacle reef formation located in Lambton County of southwestern Ontario The Silurian pinnacle reef anomaly has been identified...