Endeavour Launches Onshore U.S. Exploration Campaign
Endeavour International Corporation announced that the first exploration well of a new onshore exploration program focused in South Texas has resulted in a commercial discovery and the company’s first production in the United States. The initiative reflects a shift in strategy by Endeavour to pursue opportunities with shorter cycle times and lower costs that complement its growing North Sea asset...
Index Oil and Gas Announces Production Begins From Cochran No. 1 Discovery in South Texas
Index Oil and Gas Inc. announced that the Cochran #1 exploratory well in the Garwood prospect located in Colorado County, Texas has commenced production from two intervals. As of January 4, 2009, the well was flowing at a daily rate of more than 6.1 million cubic feet of gas and 100 barrels of oil plus approximately 300 barrels of water through an 18/64-inch choke at 3,766 pounds per square inch flowing...
Providence Drills Well on Its Val Verde Prospect
Providence Resources, Inc., announced that it has commenced drilling the Carson 10-1 exploration well on its leases in Val Verde County, TX. The vertical well was spud on January 2, 2009 and is expected to reach a target depth of 16,000 feet in approximately 45-60 days of drilling. The primary objective is the Ellenberger Formation, a gas bearing zone between 14,500 and 16,000 feet identified by Providence...
Flint announces new construction contract for StatoilHydro’s Leismere Oilsands Project
Flint Energy Services Ltd. announced the Company has been awarded a $50 million (Canadian dollar) construction contract by StatoilHydro Canada Limited, the Canadian business unit of StatoilHydro, for work on the Leismer Oilsands Demonstration Project located near Fort MacMurray, Alberta. The contract will involve the site construction of the central plant’s mechanical components for the new...
Surge Global Plans On Drilling First Well On Acreage Leased in Crane County, Texas
Surge Global Energy, Inc. announce that its wholly owned subsidiary, Surge Energy Resources, Inc., has concluded leasing approximately 640 acres in Crane County, Texas at a cost of about $140,000. Surge plans on drilling its first oil & gas discovery well on those leases within the next 30 days at a drilling cost of approximately $450,000. The Surge Texas Prospect was leased in conjunction with...
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,...
Sunset Island Group Signs LOI To Acquire Oil Field
Sunset Island Group announced that it has signed a letter of intent to acquire several oil and gas leases in Texas. The leases, located in southwest Texas, will cover approximately 26,000 acres in the Maverick Oil Basin. “We feel very pleased to be able to acquire a property in such a rich oil and gas producing area,” states Arnold Levine, Sunset Island Group CEO. “We are finishing up our due...
Ausam announces discovery at Nolte Marsh prospect
Ausam Energy Corporation announces today that it has made a gas condensate discovery on its Nolte Marsh prospect in Liberty County, Texas. The prospect was drilled to a depth of 13,330 feet by Square Mile Energy L.L.C. (37.5% and operator) under a Joint Operating Agreement with Ausam (40%), Petro Real (17.5%), and 100 Wall Energy Partners (5%). The prospect tested the Yegua/Cook Mountain sands and...
Approach Resources Inc. Reports Temporary Shut-in of Ozona Northeast Production
Approach Resources Inc. reported that an estimated 17.3 million cubic feet equivalent per day of natural gas, net to the Company, was shut in from the Company’s Ozona Northeast field as of September 11, 2008. The shut-in was caused when Chevron Phillips Chemical Company’s natural gas liquids and fractionation facility at the Sweeny complex, located approximately 65 miles southwest of Houston,...
Franklin Releases Estimated Value of West Texas Oil Lease
Franklin Mining, Inc. Chairman and CEO William Petty announces that, based on a 1997 estimated reserve value, at a 10% discount rate, prepared by Harper and Associates for $20.00 per barrel oil, the proven oil reserves and proven undeveloped oil reserves contained in the Waterflood lease have an approximate current value of $6.0 million. An announcement concerning availability and estimated value of...
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Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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