Credo Petroleum Announces Drilling on Its First Horizontal Bakken Well

Credo Petroleum Corporation, an oil and gas exploration and production company with significant assets in the Mid-Continent and Rocky Mountain Regions, today provided an update on its horizontal Bakken drilling project. Credo entered the horizontal Bakken oil play in 2008 as part of its ongoing strategy to focus on developing oil production and reserves. To date, the company has acquired 6,100 gross... 

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Kentucky USA Energy, Inc. Expands New Albany Shale Prospect with New Farm-out Acquisition

Kentucky USA Energy, Inc. announced that the Company has entered into a farm-out agreement with Thomasson Petroleum Enterprises, Inc. (“TPE”) to acquire from TPE certain drilling rights on farm-out acreage that has been selected in Todd, Muhlenberg and Christian counties in western Kentucky. This additional farm-out acreage is adjacent to the Company’s existing leasehold property associated with... 

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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... 

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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... 

Marathon Announces Natural Gas Discovery in New Area of Oklahoma

As part of the Company’s targeted expansion into key resource plays of North America, Marathon Oil Corporation announced that it has participated in a successful step-out discovery well on the Brickyard prospect, located in the northeast area of the Anadarko Basin, targeting the Woodford Shale resource play in Canadian County, Oklahoma. The Cana No. 1-15H discovery well was drilled to a true... 

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Southern Star Energy Announces New Cotton Valley Well Discovery From A.S. Burt 20-1 Well and Drilling Ahead to Test Haynesville Shale

Southern Star Energy Inc., a fast-growing exploration and production company with reserves and production from leases located in northern Louisiana, today announced that it has successfully drilled and logged the targeted Cotton Valley interval in its A.S. Burt 20-1 Well with positive results. The well reached planned intermediate pipe depth of 9,530 feet on November 10, 2008. Subsequent to logging... 

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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... 

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Three Forks/Sanish Well Produces Over 1,750 Barrels A Day

XTO Energy Inc. announced production results from wells drilled in multiple regions on its newly acquired property base. In the Bakken Shale play of North Dakota, the Company has now completed 5 wells with average production rates of 673 barrels of oil equivalent per day, primarily producing from the Middle Bakken shale section. In addition, a Three Forks/Sanish discovery well, the DeAngelis 41x-21,... 

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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... 

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Apache’s WKAL-C-1X Discovery Tests 4,746 Barrels of Oil Per Day on the West Kalabsha Concession in Egypt’s Western Desert

Apache Corporation reported that the WKAL-C-1X discovery on the West Kalabsha concession established the westernmost production in Egypt’s Western Desert. The well flowed 4,746 barrels of oil and 4.4 million cubic feet of gas per day in a test of the Jurassic Safa formation. The WKAL-C-1X is located in the Faghur Basin, eight miles northwest of Apache’s 2006 Faghur-1 ST1 discovery and...