Particle Drilling Technologies, Inc. announced that it has completed the sale of its frac pump for $840,000. The frac pump was previously used as part of the Company’s particle injection system, but most recently was only utilized for test purposes at the Company’s flow-loop facility. The Company has recently leased a conventional tri-plex pump [...]
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, [...]
WW Oil & Gas Inc. have tabulated the returned voting forms regarding the takeover offer from Texas based Paco Oil & Gas Inc. The deadline to return share certificates and vote on the offer expired October 31, 2008. The majority of WW Oil & Gas Inc. shareholders have voted in favor of the Paco takeover [...]
RMI, a leading oilfield market consulting firm, will host the Oilfield Breakfast Forum on Wednesday, November 12, 2008, at the Westin Galleria in Houston, Texas. Since beginning in 1994, the Oilfield Breakfast Forum has grown into the largest discussion forum in the world on the petroleum industry. Currently, more than 700 executives have signed up [...]
Carrizo Oil & Gas, Inc. and Avista Capital Partners announced that they have entered into a joint venture to pursue growth opportunities in the Marcellus Shale. Under the terms of the agreement, Carrizo and Avista have each committed to contribute up to $150 million in cash and properties to acquire and develop acreage in the [...]
Tanner Companies, a premier provider of oilfield services primarily in Texas and Louisiana, announced that it has changed its name to Cadre Services, Inc. The change is effective immediately.
“Over the past 25 years, Tanner Companies has proudly served the oil and gas market with a growing portfolio of products and services ranging from oilfield construction [...]
Exxon Mobil Corp., the world’s largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter.
Yet numbers contained within the company’s most recent financial report revealed production numbers that continue to sag.
The Irving, Texas-based company has [...]
Sharon Energy Ltd. reported that the Company has acquired, over the last three months, approximately 5,400 gross acres in the Eagleford Shale play, located in Texas. Sharon and its partner have 4,250 net acres. Sharon has a 50 % working interest in the net acres and is the Operator of the project.
Sharon’s acreage is on [...]
Marathon Oil Corporation announced that its Board of Directors has sanctioned two Gulf of Mexico development projects, Droshky and Ozona. The Board approved a total project cost of $1.3 billion for the Droshky development and $300 million for the Ozona development.
“As we continue to strengthen Marathon’s Gulf of Mexico portfolio, the Droshky development will add [...]
Entessa Inc. — the leading provider of Oil and Gas Logistics Management Solutions — delivered Release 5.0 of its Synthesis(TM) enterprise software suite to Sunoco Logistics Partners L.P.. The introduction of crude gathering pipeline support now enables Sunoco Logistics Partners to manage the entire order-to-cash logistics for its Western pipeline operations with Synthesis. Entessa is [...]
