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 [...]
FieldPoint Petroleum Corporation announced completion of a gas test well in South Texas. The well is flowing in the Middle Wilcox formation.
FieldPoint’s President and CEO, Ray D. Reaves said, ”FieldPoint and its industry partners are excited to have this successful completion on schedule. I believe the initial results support drilling a second well on this [...]
All four wells in its Sportsman Lake Field Program have now been spud by Triple Diamond Energy Corp. The Texas based oil and gas exploration and production company began the program in August. This is the last well planned for the Oklahoma portion of the program.
The oil and gas exploration company commenced spudding the fourth [...]
Orbit Petroleum announces that effective October 20th, 2008 the Board of Directors has named Mike Myers as President of Orbit Petroleum, Inc. and President of the Company’s wholly owned subsidiary, Orbit Petroleum, Inc., Oklahoma, which is currently under a petition for reorganization under Chapter 11 of the United States Bankruptcy Code in Federal Court in [...]
NuStar Energy L.P. announced record net income applicable to limited partners of $141.5 million, or $2.60 per unit, for the third quarter of 2008, almost three times higher than the $45.4 million, or $0.97 per unit, earned in the third quarter of 2007. The third quarter 2008 results represent the highest quarterly earnings in the [...]
Avista Capital Partners, a leading private equity firm that invests primarily in growth-oriented energy, media, and healthcare companies, today announced it has committed $55 million to Laredo Energy IV, LP to fund the acquisition, exploration, and development of natural gas resources in the prolific Lobo Trend in South Texas.
Laredo IV, which is led by president [...]
ASARCO LLC announced that it is terminating its contract with Sterlite (USA), Inc., for the sale of its operating assets. ASARCO also announced that it will draw on the $50 million letter of credit posted by Sterlite when it signed the purchase contract on May 30, 2008.
“We are taking this action in light of Sterlite’s [...]
Saxon Oil Company Ltd. announces that it has executed a definitive agreement with Energy (CG) Ltd. (”Energy”) regarding the proposed purchase of 100% of the issued and outstanding shares (the “Acquisition”) of Picogina Holdings BV (”Picogina”) and amended the terms of the non-brokered private placement (the “Offering”) of Saxon units previously announced on September 8, [...]
Franklin Mining, Inc. Chairman and CEO William A. Petty is pleased to announce that E-MetaVenture, Inc. has joined Franklin in the capacity of advisor on technical and commercial matters as related to GTL, CTL, and other related gas processing technologies.
“E-MetaVenture, Inc, Houston, Texas provides independent consulting, design, and training services to the refining, gas processing [...]
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% [...]
