U.S. Energy Corp., a natural resources exploration and development company with interests in molybdenum, uranium, oil and gas, gold, and real estate, today announced that PetroQuest Energy L.L.C. (”PetroQuest”) (PQ) has spudded the Bluffs Prospect in Louisiana.
U.S. Energy Corp. is participating in this well as a 20% working interest partner with PetroQuest. This initial well [...]
Anadarko Petroleum Corp. raised its production target for 2008. The Houston company now expects to produce 207 million to 212 million barrels of oil equivalent, up from the previous range of 205 million to 210 million barrels.
The production increase came with a boos in Anadarko’s capital budget — by $400 million to a range of [...]
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 [...]
Cape Lambert Iron Ore announced a mineral resource estimate for the Central Target Area at its Cape Lambert iron ore project, located in the Pilbara region, WA. The Mineral Resource Estimate is 977Mt @ 32.4% Fe, 39.6% SiO2, 1.76% Al2O3, 0.024% P, 0.11% S and 5.98% LOI. The company added that it has commenced independent [...]
Production increases drove Ultra Petroleum Corp. to record year-end earnings.
Net income for 2006 was a record $231.2 million, or $1.43 per diluted share, on revenue of $592.7 million, compared with net income of $228.3 million, or $1.41 per share, on revenue of $516.5 million for the same period in 2005.
The Houston-based exploration [...]
Third Point LLC today announced that it has filed a Schedule 13D (Amendment No. 3) with the Securities and Exchange Commission confirming its intent to conduct a proxy contest at the 2007 annual shareholders meeting of Pogo Producing Company, and that the following letter has been sent to Pogo’s Chairman:
February 16, [...]
Abraxas Petroleum Corporation announced year-end 2006 reserves, provided an operational update and presentation details for the upcoming Independent Petroleum Association of America’s (”IPAA”) Small Cap Oil & Gas Investment Symposium to be held February 6-8, 2007 in Boca Raton, Florida.
Abraxas’ independent reservoir engineering firm, DeGolyer and MacNaughton, estimated total proved oil and natural gas [...]
EXCO Resources, Inc. announced an agreement to acquire producing oil and natural gas properties, acreage and other assets in multiple fields located in the Mid-Continent, South Texas and Gulf Coast areas of Oklahoma and Texas from Anadarko Petroleum Corporation for $860 million in cash, subject to customary purchase price adjustments. The acquisition includes [...]
Bois d’Arc Energy, Inc. announced that total proved oil and natural gas reserves as of December 31, 2006 are estimated at 221 billion cubic feet of natural gas and 20.4 million barrels of crude oil or 344 Bcf equivalent of natural gas, as compared to total proved oil and natural gas reserves as of December [...]
Callon Petroleum Company has increased its guidance for the fourth quarter 2006 and issued production guidance for the first quarter and full year 2007. Also, the company released for 2007 its current hedging positions and capital expenditure plans.
Callon has increased production guidance for the fourth quarter of 2006 from the previously announced range of 51 [...]
