Miller Petroleum, Inc. announced that it had finalized a drilling contract with Atlas Energy Resources, LLC. This is a two year agreement that will utilize two Miller drilling rigs operating in the East Tennessee area of the Appalachian Basin.
Miller CEO Scott M. Boruff commented that, “This contract solidifies our relationship with Atlas who is one [...]

Plateau Mineral Development, Inc., along with its partner, Plateau Mineral Development LLC, is pleased to announce the signing of a farm-out agreement with Eastern Energy Resources of Sunbright, Tennessee.
This agreement, dated October 16, 2008, gives Eastern Energy Resources the right to drill new wells on three of PMD’s leases. These specific drill sites are within [...]

Atlas Energy Resources, LLC announced that it has completed the drilling of 98 wells to the Marcellus Shale formation, of which 90 wells, some of which have been online for two years, currently have normalized production approaching 25 million cubic feet (“Mmcf”) per day into a pipeline. The remaining 8 wells will be turned into [...]

Plateau Mineral Development, Inc., along with its partner Plateau Mineral Development LLC, is pleased to announce the building of a pipeline that is predicted to produce significant revenues for the company.
The Pipeline Gathering System is 6.16 miles long and is comprised of a six-inch and four-inch main trunk line. The trunk line is fed by [...]

Petrohawk Energy Corporation announced that it will reduce its 2009 capital budget by a third and reallocate spending to more heavily weight projects with the highest internal rates of return and highest potential for reserve growth, namely, development in the Haynesville and Fayetteville Shales.
The shift allows the Company to further affirm its strong capitalization. The [...]

Contango Oil & Gas Company announced today that its production test at Eloise #1 has been successfully completed. The well tested at a rate of approximately 8.3 million cubic feet equivalent per day. The net revenue interest in Eloise #1, net to Contango, is approximately 27.0%.
Contango’s independent third party engineer estimates this well to have [...]

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 [...]

Royale Energy Inc, has successfully fraced and tested a new producing horizon in its Moon Canyon #2 well in the Uintah Basin, Utah.
The new zone is a Dakota B sand that flowed dry natural gas at rates up to 2,000,000 cubic ft. per day from this interval. The well will be hooked up to the [...]

Zone Oil & Gas, LLC (ZONE) announced that it has signed an Exploration and Geophysical Joint Venture Agreement with Penn Virginia Corporation.
The Joint Venture covers approximately 40,000 acres under lease in Tioga, Potter, Somerset, Westmoreland and Fayette Counties, Pennsylvania, and centers on exploring the Marcellus Shale, and the Oriskany and Tuscarora formations. Under the terms [...]

Gastar Exploration Ltd.’s neighborhood’s beautiful day, The post-person delivers, dogs bark, the sun sparkles and the coal beds are full of methane. Not only that, the next-door neighbors find a fortune under their backyard patio. Like the realtors say: location, location, location.
Gastar, a natural gas explorer and producer operating onshore in the United States and [...]