Devon Energy Corporation announced today that it has received regulatory approval for the company’s second oil sands project in Canada. Construction of the 100 percent Devon-owned Jackfish 2 project will begin immediately.
Once fully operational in 2012, Jackfish 2 will produce about 35,000 barrels of oil per day through a recovery method known as Steam Assisted [...]

Terra Energy & Resource Technologies, Inc., an energy and natural resource exploration technology company, announces that it has been awarded a $300,000.00 service contract. According to the contract signed with SEMMEOUS LION MINING LTD. (SLM), a Niger firm, the Company is to apply its proprietary STeP® technology in prospecting for uranium on SLM’s license blocks.
“It [...]

ConocoPhillips and Origin Energy announced their plan to create a long-term Australasian natural gas business focused on coal bed methane production and liquefied natural gas (LNG) processing and sales.
The transaction is conditioned upon approval from Australia’s Foreign Investment Review Board and, if required as a result of an outstanding offer from BG to purchase all [...]

Mariner Energy, Inc. provided a preliminary update on the impact of Hurricane Gustav on the company’s Gulf of Mexico production and assets. The company has completed initial assessments of virtually all Mariner-operated offshore structures and received reports from most operators at its third-party operated assets. Based upon these assessments and reports, it does not appear [...]

Universal Energy Corp., an emerging U.S. oil and gas exploration and production company, announced today that gas and oil production quantities increased for the seventh consecutive month in July 2008. July 2008 production increased 83 percent over the first month of the second quarter 2008 which was also a 52 percent increase over the average [...]

Nitro Petroleum, Inc. reports that the Company is scheduling a Major re-work on Quinlan #2 well located in Pottawatomie County, Oklahoma. Nitro is the Operator on this project and anticipates performing this work immediately. This well has a depth of 4800 feet and Nitro expects to produce from the Simpson Dolomite formation. The Simpson Dolomite [...]

Although the price of petroleum has moderated recently, a permanent increase to $150 per barrel by the end of 2008 could have a significant negative effect on the rate of real gross domestic product (GDP), at least in the short run, based on an analysis from the Federal Reserve Bank of St. Louis.
Kevin L. Kliesen, [...]

Russell Industries, Inc., has renewed all 255 of its Unpatented Uranium Mining Claims with the Utah Bureau of Land Management. “The Company feels that regardless of who wins the U.S. Presidential Election, the new administration will focus on evaluating additional sources of energy which will include renewed interest nuclear power plants and reactors. Therefore, it [...]

Royale Energy, Inc. announced that it has concluded the sale of its interest in the Monterey shale play. The transaction is the culmination of the Company’s efforts to enhance the value of the historic Rio Bravo oil field by exploration in a previously undeveloped Monterey zone.
These exploration efforts over the past year, have seen mixed [...]

Inc. Magazine ranked WDC Exploration & Wells 3,219 on its annual ranking of the 5,000 fastest-growing private companies in the country. The list is the most comprehensive look at the most important segment of the economy — America’s independent-minded entrepreneurs.
“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 [...]