Vena Resources Expands Uranium Drill Program in Lagunillas

Vena Resources Inc. announce that after extensive radiometric and magnetic surveys in the Timpacaya area, several additional uranium targets have been identified. Ongoing exploration activities have resulted in the discovery of new targets in the Timpacaya area where spectrometer/scintillometer radiometric surveys have identified areas with counts per second (CPS) values averaging 934 and the anomalies... 

Cabot Oil & Gas Provides Marcellus Update, East Texas Waiting on Frac Proppant

Cabot Oil & Gas Corporation announced that its Marcellus initiative in northeastern Pennsylvania is gaining momentum and is currently producing over 13 Mcfe per day. Most recently, Cabot completed its first Marcellus horizontal well with a measured depth of 8,925′ and a horizontal leg at 2,000′ using a six-stage frac. The result was a 24-hour average initial production rate of 6.4... 

Tag: frac sand east coast, gas drilling horizontal leg wide, frac sand pennsylvania, marcellus update, marcellus mcf production

J.A.G. Mines Ltd.: Lac St-Jean-Promising Results for Oil and Gas Property

J.A.G. Mines Ltd. would like to present a brief summary of its 2007-2008 oil and natural gas exploration reports realized on Lac St-Jean Property by a team led by Marc Richer-LaFleche, Ph.D., geologist and researcher at the National Institute of Scientific Research (NISR). Lac St-Jean Property consists of 5 oil and gas research permits covering 99,945 hectares, located within an Ordovician sedimentary... 

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... 

Tag: greene county pa oil and natural gas fields, gas wells in greene county pa, fayette county pa natural gas, mining contractors southwestern pa, marathon natural gas fayette pa

Altai Now Owns 100% Interest in the Largest Land Package in Quebec’s St. Lawrence Lowlands Utica Shale Gas Fairway

Altai Resources Inc. announce that it has completed its acquisition of Petro St-Pierre Inc., a Quebec private company and Altai’s minority joint venture partner in its Sorel-Trois Rivieres gas property, St. Lawrence Lowlands, Quebec which was first announced in Altai’s press release of June 16, 2008. For the purchase of all the issued and outstanding shares of PSP, Altai issued 8,200,000... 

Tag: petro st pierre inc

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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Goldnev Announces Initial Results From Its Oil Shale Drilling Program for Pasquia Hills

Mr. Marc Dame, President and CEO of Goldnev Resources Inc., announces that it has completed drilling a total of four of its planned ten core hole exploration and development drilling program on its oil shale permits in Pasquia Hills, Saskatchewan. The remaining six core holes subject to weather conditions are expected to be completed in the next 10 days. As previously announced, on July 30, 2008, Goldnev... 

RJK Explorations Signs Earn-In Option on Altai Resources Shale Gas Permit at Sept – Iles, Quebec

RJK Explorations Ltd. announces that it has signed an Earn-In Option Agreement with Altai Resources Inc. (“Altai”) for a 100% interest in oil and gas Permit # 2008PG6988 totaling 24,042 hectares held by Altai at Sept Iles, on the Upper St. Lawrence, Quebec. The Altai Earn-In Permit contains a well drilled in 1970 that hit gas and initially blew out the cement used to plug the hole. The... 

Rubicon Unit Formed to Explore the Baxter Shale

The formation of the Rubicon Unit affects no change to the previous commercial arrangement entered into between Devon and Samson, which in summary allows Devon to earn up to 50% in the Samson leases whilst Samson retains the balance. To maintain the Rubicon Unit a drilling program has to commence within a specified time frame and to this end Devon has proposed a well to be drilled in Section 28 which... 

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Abraxas Announces Approval of Wyoming Drilling Permits

Abraxas Petroleum Corporation announced that it has received approval on two of its drilling permits in Brooks Draw, Wyoming. Abraxas anticipates receiving approval on three additional permits during the third quarter of 2008. A rig has been scheduled for mid-August and initial plans are to drill one well at a time with evaluation periods in-between. The wells will be drilled horizontally into the...