Royal Energy Resources, Inc. announce that the Company now owns a 3% overriding royalty interest in Niobara County, Wyoming. The overriding royalty interest encompasses over 80 mineral acres, and the oil and gas production will be developed by Black Diamond Minerals, LLC, a Denver Colorado based company.
“The field in Niobara County, Wyoming marks our fourth [...]
Research and Markets has announced the addition of the “Asia-Pacific Oil & Gas Sectors : A Company and Industry Analysis (August 2008)” report to their offering.
This report updates the previous Asia-Pacific oil and gas report, focusing on the markets in Australia, China, India, Indonesia, Japan and South Korea
Current Environment - Key Points
- Crude oil prices [...]
Berry Petroleum Company (NYSE:BRY - News) has amended its $1.5 billion credit facility. The Amendment increases the borrowing base to $1.25 billion from $1.0 billion with current commitments of $1.08 billion and a new maturity date of July 15, 2012. The amendment was executed with the Company’s syndicate of 17 banks and includes an accordion [...]
Northern Offshore, Ltd. announced that its Singapore-based subsidiary, Jet Holding Ltd. was awarded a contract with the Joint Operating Company Vietgazprom, a joint venture between Petrovietnam and Gazprom, for the drillship Energy Searcher. The drilling contract of five wells duration is expected to begin between June and September, 2009 and run approximately 365 days, inclusive [...]
Northern Offshore, Ltd. announced that the jackup Energy Enhancer was awarded a contract with SPD Limited to drill a well in the U.K. North Sea. The contract award is for an estimated 45-60 days with a contract value of approximately US$9-12 million.
The drilling contract, which will follow in direct continuation to the rig’s current contract [...]
Arctic Oil & Gas Corp. (351 million shares issued), a petroleum exploration company, is pleased to announce that the Company and partners have proposed $2.50 gasoline, 30% discounted natural gas and hundreds of millions of dollars in royalties to Santa Barbara County from a proposed, (40% AOAG equity) Santa Barbara OCS-State petroleum lease development project, [...]
Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Syria, Iraq, and USA, announced that stabilized oil production through the Khurbet East Early Production Facility (”EPF”) now exceeds 11,500 barrels of 25.7 degree API oil per day (bopd), with production from three vertical and two horizontal wells.
Oil production through [...]
ARC Energy Trust announces that the cash distribution to be paid on October 15, 2008, in respect of the September 2008 production, for unitholders of record on September 30, 2008, will be $0.24 per trust unit. The ex-distribution date is September 26, 2008. This represents a $0.04 per unit decrease from the August 15 [...]
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 [...]
Northern Offshore, Ltd. announced that it has entered into a drilling contract with AGR Peak Well Management Limited, a subsidiary of AGR Group ASA (Oslo Bors: AGR.OL) for the use of the semisubmersible GSF Arctic II in the North Sea. As previously announced, Northern Offshore has entered into an agreement with an affiliate of Transocean, [...]
