a fast-growing E&P company with reserves and production from leases located in northern Louisiana, Southern Star Energy Inc, published a report saying that it closed on a $25 million Senior First Lien Secured Revolving Credit Agreement (Revolver) with Macquarie Bank Limited. Proceeds from this facility will be used to fund the development of Southern Star’s [...]

Abraxas Petroleum Corporation announced that it has received approval on two of its drilling permits in Brooks Draw, Wyoming.
Abraxas anticipates receiving approval on three additional permits during the third quarter of 2008. A rig has been scheduled for mid-August and initial plans are to drill one well at a time with evaluation periods in-between. [...]

Austral Pacific Energy Ltd. Austral announces the results of its Cheal-A7 well which reached a total depth of 1848m on July 10th, 2008. The well intercepted 7 meters of oil-bearing sands in the MM3 Formation as prognosed at approximately 1695m MD and the MM2 sand at 1730m.
The current Cheal wells program was designed to test [...]

Citizens for Pennsylvania’s Future (PennFuture) heralded Secretary of Environmental Protection Kathleen McGinty as a trailblazer for Pennsylvania’s environment and economy and a truly transformative leader. PennFuture’s comments came as McGinty announced her intention to leave office on July 18, 2008.
“Secretary McGinty has created a record of unparalleled achievement for the Keystone State’s environment and economy,” [...]

FX Energy, Inc. reported that the Company’s Grundy-2 well is currently drilling in the Rotliegend sandstone at a depth of 4,625 meters. The top of the Rotliegend was encountered 100 meters higher than expected. The well has now drilled 385 meters of Rotliegend with gas shows throughout and no appearance of water.
Current plans are to [...]

Marathon Oil Corporation announced that it has entered into a definitive agreement with Centrica plc, the parent company of British Gas, under which Centrica will purchase Marathon’s non-operated interests in the Heimdal infrastructure, related producing fields and associated undeveloped acreage offshore Norway. The transaction, which has a total value of $416 million and an [...]

Universal Energy Corp., announced an update on drilling operations at its Lone Oak prospect in Galveston Bay, Texas. Installation of 7 5/8″ intermediate casing is now complete to a total measured depth of 11,470 feet. Drilling will commence later in the week to the target measured depth of 12,615 feet.
Billy Raley, Chief Executive Officer of [...]

Enbridge Inc. - Al Monaco, Executive Vice President, Major Projects, will be presenting at the 2008 TD Newcrest Oil Sands Forum in Calgary, Alberta on Wednesday, July 9, 2008 at 9:40 am. MT.
To view the presentation on Wednesday, July 9, 2008, please visit the Presentations and Calendar page of the Enbridge Inc. website: http://www.enbridge.com/investor/presentations-calendar.php.
When used [...]

In a yearlong experiment aimed at reducing energy costs and commuters’ gasoline expenses, Utah will become the first state to switch to a four-day workweek for thousands of government employees.
They will put in 10-hour days, Monday through Thursday, have Fridays off and get paid the same as before.
The order issued by Republican Gov. Jon Huntsman [...]

Victory Energy Corporation announced today it has received permit approval from the Texas Railroad Commission Oil and Gas Division to drill a second 12,500 foot well. This permit is in the Corporation’s current gas play in the Texas Permian Basin.
The permit is for the Strawn Limestone formation, located at a depth of approximately 12,500 feet. [...]