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 [...]
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 [...]
Gulfport Energy Corporation reports that after inspection of its West Cote Blanche Bay facilities by Company operations personnel, the facilities appear to be intact with no structural or other major damage from Hurricane Gustav. The field is ready to begin startup operations; however, the exact timing of the restart of production will be determined primarily [...]
Pacific Rubiales Energy Corp. announced that it has awarded, in conjunction with Ecopetrol S.A. (Ecopetrol), the construction of the Oleoducto de los Llanos Orientales Pipeline to the Consorcio Rubiales-Monterrey, a joint venture between Spiecapag and Ismocol (collectively, the Contractor).
This project will provide the company with a substantial reduction of transportation costs for Rubiales Crude to [...]
Spitfire Energy Ltd. announces that it has commenced production on its new pool discovery well drilled in March 2008. The well has been placed on production at an initial rate of one million cubic feet of natural gas per day. Spitfire controls, by way of a Farmin Agreement, an additional 100% participating interest in several [...]
Evolution Petroleum Corporation reported record production for the fiscal fourth quarter and year ended June 30, 2008 (”Q4 08″ and “FY 08″).
Sales volumes for Q4 08 were 18,237 barrels of oil and natural gas liquids (”BO”) and 53 million cubic feet of natural gas (”MMCF”), or 27,095 barrels of oil equivalent (”BOE”). This is an [...]
Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd., announced that the perforating and testing have been completed at the Company’s first two wells at Lloydminster, Alberta and that the results indicate the wells will produce between 60 and 75 barrels of oil per day (bbls/d) combined.
The wells are currently being [...]
Barrick Gold Corporation announced that it has entered into a definitive agreement to purchase oil and gas assets representing production of approximately 900 barrels of oil equivalent (BOE) per day at Sturgeon Lake, Alberta, from Daylight Resources Trust for $87.5 million in cash. This transaction follows Barrick’s recent $410 million cash offer for Cadence Energy [...]
Doral Energy Corp , an oil and gas exploration and production company, announced today that it has completed the acquisition of leaseholds on over 7,800 acres of producing oil and gas property on the northwestern end of the resource-rich Permian Basin in Eddy County, New Mexico (the “Eddy County Properties”). In order to complete the [...]
