Kodiak Oil & Gas Corp., an oil and gas exploration and production company with assets in the Green River Basin of southwest Wyoming and Colorado and the Williston Basin of North Dakota and Montana, today provided a Vermillion Basin production update and announced the pending completion of rig mobilization in its Bakken oil play.
Vermillion Basin [...]
Basic Earth Science Systems, Inc. provided an update in its most recent Annual Report To Shareholders concerning the status of the well being drilled on its Banks Prospect farmout in McKenzie County, North Dakota. The Wil E. Coyote 2H-9 is operated by Panther Energy Company, LLC. (Panther). Under the previously disclosed farmout agreement Basic has [...]
Samson Oil & Gas Limited announced that the Leonard #1-23H well had reached a depth of 10,137 feet, penetrating the Bluell Formation objective and was logged. The evaluation of these logs suggested that there was insufficient porosity developed in the objective to justify drilling a horizontal lateral.
Leonard #1-23H (10% working interest) Bakken objective
Following the evaluation [...]
Teton Energy Corporation and the other working interest owners at the Goliath Prospect (American Oil & Gas, Inc. (50%), Sundance Energy Australia Limited (5%) and privately held Evertson Energy Partners LLC (20%) have signed a participation agreement with Red Technology Alliance LLC (”RTA”), which gives RTA the option to fund 100% of the drilling, completion [...]
Ryland Oil Corporation provide an update on its exploration activities on its 345,000 gross and net acres in SE Saskatchewan. The Company has commenced its multi-rig, 13 well drilling program which was previously announced, and is on track. In addition to continuing to explore the unconventional reservoirs targeted in previous drilling activity, Ryland has [...]
American Oil & Gas, Inc. announced today that it has sold approximately 11,130 net acres, including its 75% working interest ownership in a well that was drilled in late 2007, but not yet completed, for proceeds of $5.3 million. There were no proved reserves or production associated with this property sale.
Pat O’Brien, CEO of American [...]
Northern Oil and Gas, Inc. announced the company recently participated in the successful drilling and completion of an additional eight oil producing wells in the emerging Bakken trend of North Dakota. The eight wells began producing at an average initial rate of 768 BOPD.
– The EN-Person-1102H-1 well, located in Mountrail County, ND was operated by [...]
Continental Resources, Inc. announced that it has recently added 36,000 net acres to its holdings in North Dakota Bakken, including 32,000 net acres in Mercer County, adjacent to other Continental acreage. The Company’s total acreage position is now 577,000 net acres in the Bakken shale play of North Dakota and Montana.
The Company also announced [...]
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 [...]
Petrostar Petroleum Corporation announced a new discovery well (A3) in an area of SE Saskatchewan not being currently drilled by other producers.
The well encountered 19m of pay locked in a sandstone formation with excellent porosity and good permeability. A3 is expected to flow on its own (light oil), and may not require stimulation. The importance [...]
