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With a prior commitment for funding the drilling of 5 wells on existing leases in Texas, Treaty Energy Corporation has decided to extend the fund to the full 9 well drilling program. “Treaty Energy Corporation completed the funding for their …
With an estimated 30 million barrels of oil equivalent at stake, Valiant Petroleum now has the WilHunter semi-submersible drilling rig on location of the Timon prospect in the UK Northern North Sea. In an announcement on the company’s website, Valiant …
The second test of the Barquentine-1 well flowed gas at an equipment constrained rate of approximately 100 million cubic feet per day (MMcf/d), with minimal pressure drawdown, targeting a deeper Oligocene sand formation than previously tested Barquentine-2 in March. In …
American Petro-Hunter, Inc. has announced that the SOM-1H horizontal well at the company’s South Oklahoma Project has reached total depth (TD) after successfully drilling 2,500+-foot lateral arm into the Mississippi Lime reservoir. In an announcement on the company’s website, American …
The first in a possible six horizontal well drilling program on Brietling Oil and Gas Corporation’s leased acreage in Oklahoma has spud, the company has announced. The Breitling-Warrior #1H is located in Pottawatomie County, OK. In an announcement on the …
The Tawke-16 well in Iraq, flowed at a cumulative rate in excess of 25,000 barrels per day reported DNO International. The well, located in the Kurdistan Region of Iraq, is expected to be connected to existing pipeline and processing facilities …
Statoil has declared the option included in a 4-year contract with ultra deepwater semi-submersible Maersk Developer. The 2 year option, worth $370 million, begins in November 2013 and extends the company’s work in the US Gulf of Mexico, Maersk announced …
Drilling in the first of six potential horizontal wells in the Warrior prospect has begun, said Nostra Terra Oil & Gas Company representatives. The company has a 10% interest in the Warrior prospect, located in Oklahoma, said Nostra Terra in …
Based on current oil prices and historical volume, RainChief Energy Inc., forecasts $2 trillion in crude oil production in the high oil producing region, the Permian Basin. In a release on the company website, RainChief officials say the prediction is …
In a deal worth $630 million, Expro has announced an agreement with Siemens to sell the company its Connectors & Measurements (C&M) business. The deal will also include the Tronic and Matre brands, Expro officials announced on the company website. …
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