Jura Energy Corporation announced today that the Kandra 4D exploration has been drilled to a total depth of 2229 m. The well targets three potential hydrocarbon-bearing zones, the Sui Main Limestone (600-750 m), the Lower Goru (1700-2000 m), and the Chiltan Limestone (2150-2250 m).
Natural gas shows were encountered during initial testing of the Chiltan Limestone [...]
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 [...]
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, [...]
TransAtlantic Petroleum Corp. announced today its intention to make an all cash takeover offer for all of the shares in Incremental Petroleum Limited. Incremental is publicly traded on the Australian Stock Exchange under the symbol “IPM.” Incremental is an oil and gas company with its main operations in Turkey and some additional properties in California, [...]
VAALCO Energy, Inc. announced that Gregory R. Hullinger has been named Chief Financial Officer of the Company. Mr. Hullinger succeeds W. Russell Scheirman, who will continue as VAALCO’s President and will assume the additional position of Chief Operating Officer.
Mr. Hullinger, 55, joins VAALCO with more than 30 years of finance, accounting and tax experience at [...]
Venoco, Inc. announced that Mark DePuy is resigning as the company’s Chief Operating Officer and Executive Vice President.
“We are very disappointed to lose Mark, but we are supportive of his decision to focus on his family in California. Unfortunately the demands in our Denver corporate office and Mark’s commitments in California were no longer compatible,” [...]
FX Energy, Inc. reported that it has taken steps to improve its already liquid balance sheet. The Company has drawn an additional $14 million under its Senior Credit Facility through the Royal Bank of Scotland (RBS). Including previous cash on hand, the $5 million drawn and announced previously, and this new funding, the Company now [...]
Toro Ventures, Inc. reports that the third shipment of oil has been shipped to the oil purchaser from its Crown lease. The Crown 1 & 3 wells have been producing with no down time. The Company has installed all pipes for the gas discovery on the Crown # 3 well. Interfin Gas Gathering Corporation has [...]
Venoco, Inc. announced that it expects its 2009 production to average between 20,500 to 21,500 barrels of oil equivalent per day, an organic growth rate of 10-15% relative to 2008 after giving pro forma effect to the sale of the company’s Hastings complex, which is expected to close in the first quarter. The company’s 2009 [...]
egacy Reserves LP announced that it has no hedging or other contractual counterparty exposure to Lehman Brothers Holdings Inc., its subsidiaries or its affiliates.
Legacy is an independent oil and natural gas limited partnership headquartered in Midland, Texas, focused on the acquisition and development of oil and natural gas properties primarily located in the Permian [...]
