Allied Energy, Inc. provided the following report regarding its drilling, completion and production operations in Rogers County, Oklahoma for the following programs:
12-Well Program (USCBM)
The Begley #12-3 and Begley #12-4 wells are now in production with the Noble Brewer #12-1 and Noble Brewer #12-2 wells in the final stages of completion. Artificial lift systems are currently [...]

Petro Resources Corporation announced that the Company has acquired an additional 5% non-operated working interest in the Surprise Prospect operated by Goodrich Petroleum Corporation (GDP - News). The Surprise Prospect is located approximately 5 miles southeast of the Trawick field in Nacogdoches County, Texas. The additional 5% brings the Company’s gross working interest to 10% [...]

Energy Solutions International, Inc., a world-leading supplier of software solutions that optimize operational and commercial performance of oil and gas pipelines, announced that PEMEX Gas y Petroquimica Basica (PGPB) selected PipelineManager® software for comprehensive management of its 12,000 kilometers of natural gas, liquid petroleum gas and petrochemical pipelines. PGPB is one of four divisions of [...]

Blugrass Energy Inc. has signed a Letter of Intent to acquire proven reserves of approximately 500,000Bbls of oil and approximately 1 Bcf of natural gas in Eastern Kentucky. Total price to be paid for the reserves is $759,000 plus 350,000 shares of restricted stock. It is anticipated the transaction will close prior to the end [...]

Calvalley Petroleum Inc. announce that it has entered into its first Production Sharing Contract with the Ethiopian Government for the exploration, development and production of petroleum resources in the Gimbi and Metema blocks under a single contract covering a total area of over 46,470 square kilometers (11.5 million acres). Both blocks are located in [...]

Allied Energy, Inc. provided the following update regarding its plans to drill two more wells in Pawnee County, Oklahoma.
Drill-site locations for the Foust #9-9 and Foust #10-9 have been excavated, built and are ready to be drilled in the very near future. The Company has secured a drilling rig to perform the drilling.
“We are tentatively [...]

Denbury Resources Inc. announced that an unsolicited “mini-tender” offer is being made by TRC Capital Corporation to acquire up to 4 million shares of Denbury common stock from shareholders at a price of $13.50 per share.
This price represents approximately a 4.2% discount below Denbury’s closing price on the New York Stock Exchange on October 6, [...]

Spectra Energy Partners, LP, in response to strong market interest for additional market outlets and increased access to Appalachian natural gas supplies, is planning a further expansion of its East Tennessee Natural Gas (ETNG) system.
After evaluating the requests received from the Greenway open season held in February, ETNG has determined the facilities required for the [...]

Royal Energy Resources, Inc. announced that a third well is near completion in northern Oklahoma. The well, when drilled, showed both oil and natural gas pockets which could both potentially be developed.
Jacob Roth, CEO of Royal Energy Resources, Inc., stated, “This marks our third investment in the northern Oklahoma area. All three wells showed both [...]

Research and Markets has announced the addition of the “Oil & Gas in Norway” report to their offering.
The Oil & Gas in Norway industry profile is an essential resource for top-level data and analysis covering the oil & gas industry. It includes detailed data on market size and segmentation, plus textual and graphical analysis of [...]