Kodiak Oil & Gas Corp., an oil and gas exploration and production company with assets in the Green River Basin of southwest Wyoming and Colorado and the Williston Basin of North Dakota and Montana, today provided a Vermillion Basin production update and announced the pending completion of rig mobilization in its Bakken oil play.
Vermillion Basin [...]

Western Standard Energy Corp., an oil and gas exploration company, announced that it has entered into an agreement with East Dickinson Oil and Gas Co. to acquire a package of ten State of North Dakota oil & gas exploration leases in and around Dickinson, North Dakota. Western Standard has also acquired one State of North [...]

ARAM Systems, a subsidiary of ION Geophysical Corporation, announced the commercialization of its cable-based ARIES II(TM) seismic recording platform. ARIES II provides the operational flexibility to cost-effectively undertake complex 2D, 3D, and 4D acquisition programs both onshore and in transition zone environments, and delivers the capabilities needed for both high channel-count acquisition programs and advanced [...]

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, [...]

Basic Earth Science Systems, Inc. provided an update in its most recent Annual Report To Shareholders concerning the status of the well being drilled on its Banks Prospect farmout in McKenzie County, North Dakota. The Wil E. Coyote 2H-9 is operated by Panther Energy Company, LLC. (Panther). Under the previously disclosed farmout agreement Basic has [...]

Phillip Ware, President and Chief Executive Officer of Coastal Caribbean Oils & Minerals, Ltd. , announced today that the Company’s wholly owned subsidiary, Coastal Petroleum Company, and Western Standard Energy Corp. are continuing completion efforts on the shallow gas prospect well drilled last year on Coastal’s Valley County, Montana Leases. The Company also announced the [...]

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% [...]

Westmoreland Coal Company announced that its Westmoreland Resources, Inc. subsidiary, which owns and operates the Absaloka Mine, has formed Absaloka Coal, LLC and partnered with an East Coast financial institution. Absaloka Coal will serve as the producer and seller of coal leased from the Crow Indian Tribe in Montana, and will benefit from [...]

CREDO Petroleum Corporation reported that its financial condition is sound and that the company is well positioned to capitalize on opportunities that may arise due to recent events in the U.S. and world financial markets.
In July CREDO completed a $16,675,000 stock sale. Working capital is approximately $27,400,000, consisting primarily of cash and short term investments, [...]

To strengthen its world-class product and service offerings, Caterpillar Inc. is aligning its machine product and marketing organizations to sharpen customer focus, position the company to achieve its 2010 and Vision 2020 goals and build deep expertise in product development.
“We are well-positioned for long-term success,” said Caterpillar Chairman and CEO Jim Owens. “And Team Caterpillar [...]