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...
Capital City Energy Group, Inc. Continues to Expand Reserve Base through the acquisition of Interests in 38 Oil and Natural Gas Wells for more than $1.7 million
Capital City Energy Group Inc. announced that it has expanded its reserve base yet through the strategic acquisition of interests in thirty-eight (38) oil and natural gas wells located in four different Basins in the continental United States that have generated significant amounts of oil and natural gas production. Capital City purchased the interests in the wells for $1,722,086, which are operated...
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...
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...
Atlas Energy Resources’ Production of Natural Gas from Marcellus Shale Wells Exceeds 4 Bcf
Atlas Energy Resources, LLC announced that it has completed the drilling of 98 wells to the Marcellus Shale formation, of which 90 wells, some of which have been online for two years, currently have normalized production approaching 25 million cubic feet (“Mmcf”) per day into a pipeline. The remaining 8 wells will be turned into line by the end of year. The aggregate production from these wells...
Chief Oil & Gas Welcomes Delivery of New Drilling Rig
Chief Oil & Gas and Union Drilling, Inc. unveiled the new AC QuickSilver drilling system in Lycoming County, Pennsylvania, the first-of-its-kind rig designed for horizontal natural gas drilling in the Marcellus Shale. “This is an exciting time for Chief Oil & Gas and the Commonwealth of Pennsylvania,” said William Buckler, Senior Vice President of Operations for Chief Oil &...
Vortex Resources Corp. to Acquire Barnett Shale Properties
Vortex Resources Corp. announced today that it has signed a Memorandum of Understanding (the “MOU”) to enter into a definitive asset purchase agreement with Blackhawk Investments Limited (“Blackhawk”), based in London, England. Blackhawk will exercise its exclusive option to acquire all of the issued and allotted share capital in Sandhaven Securities Limited (“SSL”), and its underlying...
Precision Drilling Trust and Grey Wolf, Inc. Announce Definitive Merger Agreement
Precision Drilling Trust and Grey Wolf, Inc. announced that their Board of Trustees and Board of Directors, respectively, unanimously approved a definitive merger agreement pursuant to which Precision will acquire Grey Wolf. The combination of Precision and Grey Wolf will have land drilling operations in virtually every conventional and unconventional oil and gas basin in the lower 48 United States...
New ‘Voyager’ Company to Explore Natural Gas Midstream Opportunities
Tenaska Capital Management, LLC (TCM), has announced the formation of Voyager Midstream, LLC, a Houston-based company dedicated to developing, acquiring and managing midstream natural gas industry assets in a market where growth opportunities are increasing. Voyager Midstream, staffed by a team of natural gas industry veterans, will focus nationwide on investments in the broad midstream sector of the...
Bronco Drilling Company, Inc. Announces Second Quarter Results
Bronco Drilling Company, Inc., announced financial and operational results for the three months ended June 30, 2008. Revenues for the second quarter of 2008 were $69.8 million compared to $62.3 million for the first quarter of 2008 and $74.7 million for the second quarter of 2007. Net income for the second quarter of 2008 was $4.3 million compared to $8.1 million for the previous quarter and $8.7 million...
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American Mining Corporation announce that it has signed a binding letter of intent to enter...
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