Chesapeake Energy Corporation and BP America Announce Fayetteville Shale Joint Venture

Chesapeake Energy Corporation and BP America announced the execution of a Letter of Intent for a joint venture whereby BP will acquire a 25% interest in Chesapeake’s Fayetteville Shale assets in Arkansas for $1.9 billion. The assets have current daily net production of approximately 180 million cubic feet of natural gas equivalent and include approximately 540,000 net acres of leasehold which the... 

Tag: chesapeake bp venture, chesapeake energy joint venture in germany, gas field in fayetville ar chesapeakk, imformation about the fayetteville shale in arkansaw, shale gas acquisitions and joint ventures

Victory Energy Evaluates Horizontal Drilling Technology for Gas Wells

Victory Energy Corporation (OTC BB:VYEY.OB) announced today it has engaged consultants, industry experts in horizontal drilling technology, for the Canyon Sandstone formation. The horizontal drilling evaluation is for the Corporation’s gas play in the Texas Permian Basin. The consultants are optimistic that horizontal drilling can be successfully adopted for the Canyon Sandstone formation due... 

Tag: victory gas news

Parallel Petroleum provides production and work-in-progress updates

Parallel Petroleum Corporation has announced its estimated second quarter 2007 production, work-in-progress well operations, a change in its method of recognizing proved undeveloped (PUD) reserves related to its horizontal drilling gas projects and revised proved reserves as of March 31, 2007. Estimated Second Quarter 2007 Production Parallel’s estimated net daily production for the second quarter... 

Chesapeake Energy Corporation Announces Transaction with Four Sevens Resources Co., Ltd. and Sinclair Oil & Gas Company in the Fort Worth Barnett Shale

Chesapeake Energy Corporation announced that it has acquired or has agreed to acquire approximately 8,500 net undeveloped leasehold acres in the heart of the Barnett Shale play in Tarrant County, Texas, from Four Sevens Resources Co., Ltd., Sinclair Oil & Gas Company and several of their affiliates and partners. In addition, Chesapeake announced that it has entered into a Land Services Agreement... 

Tag: four sevens oil and gas, gateway land services on behalf of chesapeake exploration, gateway land services oklahoma, energy corp tarrant texas, gateway land services oklahoma city

Teton Energy Appoints Dominic Bazile to Chief Operating Officer

Teton Energy Corporation announced the appointment of Dominic J. Bazile II to the position of Executive Vice President and Chief Operating Officer. The appointment became effective on February 1, 2007. “We are pleased to have Dominic’s expertise and experience at Teton,” stated Karl F. Arleth, the Company’s President and Chief Executive Officer. “Dominic comes to us with...