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Oil price It's good to be back after an incredibly exciting, informative and whirlwind visit to Colombia which I will write up in more detailed reports in the next few days. Apart from todays news I shall attempt to make brief comments on this weeks events and will expect admonition for what I may have missed.
Paramount Resources Ltd. (TSX:POU) announces that it has monetized part of its holdings of 33.
Teekay Offshore Partners L.P.
Australia's offshore petroleum industry regulator is set to rule next week whether to grant oil giant BP's application to drill in the Great Australian Bight. But BP's environmental plan, released last week, suggests that the company's proposed plan for dealing with a blowout displays less urgency than would be expected in some other parts of the world.
Carnarvon Petroleum Limited (ASX:CVN) provides the following update on wireline and testing operations as advised by the operator of the Roc-2 well, Quadrant Energy. Highlights within the Caley formation at Roc-2 Condensate rich gas samples extracted from the well at several locations 30 metres of net reservoir interpreted from wireline data 60 metres of gross gas and condensate charged sands intersected Excellent quality (100 to 350 mD) reservoir calculated from downhole sampling rates Forward plan to flow test the wellProgress Since the last report the full suite of wireline logs have been acquired, which have a higher resolution than the previously acquired Logging While Drilling ('LWD') logs, allowing for delineation of net and gross reservoir within the well.
The Eagle Ford shale oil patch has seen brighter days. New well permits are down, production is low (down from its 2015 peak of 1.
Baron Oil PLC (AIM: BOIL) is pleased to announce that it has entered into a Joint Venture with SundaGas Pte Ltd, a Singapore-based company, to search for new business opportunities in Southeast Asia. SundaGas is a new exploration and production company, founded by Dr Andy Butler, formerly VP Business Development at Mitra Energy Inc.
Sound Energy, the Mediterranean and African focused upstream company, reported in March 2016 that it had entered into a binding agreement with PetroMaroc Corporation Plc ('PetroMaroc') for the acquisition, subject to conditions precedent including regulatory approval, of a 50% operated interest in three onshore gas permits located in Morocco (together the 'Sidi Moktar Licences'). Since that date there have been a number of developments that have impacted that agreement, including the recent increase in the Company's share price.
MX Oil plc, the AIM quoted oil and gas investing company, is pleased to announce its unaudited half-year results for the six-month period to 30 June 2016. Key points Aje Field, part of OML 113, commenced production in May 2016 Next phase of the Aje Field expansion being developed Over £7 million of new funding raised before expenses Repayment of loan notes to reduce gearing to a negligible level Strengthening of the management teamMX Oil's Chief Executive Officer Stefan Olivier said: 'With the Aje Field commencing production, the year to date has been an exciting period for the Company.
| Friday, September 23, 2016
Aminex is pleased to announce that it has executed a rig contract for the drilling of the Ntorya-2 appraisal well in the Ruvuma basin. The Caroil 2 drilling rig is currently on the Ntorya 1 well pad and preparations are underway to mobilize the rig and equipment to the Ntorya 2 pad, which is 1500m away.
| Friday, September 23, 2016
OMV, the international integrated oil and gas company based in Vienna, OMV Gas & Power GmbH (OGP) and the Consortium composed of Allianz, Europe ?s largest insurer, and Snam S.p.
Tullow Oil is pleased to announce that Hull & Machinery insurance cover has been confirmed for the FPSO Kwame Nkrumah by its reinsurers following the failure of the turret bearing earlier this year. The Hull & Machinery policy, which is procured on behalf of the Joint Venture, covers relevant operating and capital costs associated with both current operating procedures at the FPSO and the long-term solution.
| Friday, September 23, 2016
Polarcus Limited (OSE: PLCS) is pleased to announce that the Company has received a letter of intent for another 3D marine seismic acquisition utilizing its innovative XArray multiple source acquisition method to deliver extremely efficient high quality broadband data. This latest XArray survey is the company's 8th so far and is located in Europe.
On 7 July 2016, Transerv Energy Ltd (TSV) announced the formation of a strategic alliance with Norwest Energy Ltd (NWE) to facilitate the farmout and drilling of the 160 million barrel Xanadu Prospect in TP/15. On 19 September, NWE announced that it has executed a term sheet with Triangle Energy (Global) Limited (Triangle) for Triangle to earn a 30% interest in TP/15 by paying 40% of the costs of the Xanadu-1 well.
Schlumberger announced today that PETRONAS, through its wholly-owned subsidiary, PETRONAS (E&P) OVERSEAS VENTURES SDN. BHD.
In the course of geological exploration of the Kirinsky prospect in the Sea of Okhotsk, a prospecting and appraisal well was drilled in the Yuzhno-Lunskaya structure within the Sakhalin III project. As a result, a substantial gas and condensate inflow was reported, signaling the discovery of a new field.
Alvopetro Energy Ltd. (TSX-V:ALV) announces that we have completed drilling our 256(A1) well, located on Block 256 in the Recôncavo basin in the State of Bahia, Brazil.
Spectrum commences an 1,800 km2 Multi Client 3D seismic survey offshore Norway in the Western Barents Sea. The new survey, designed based on interest from industry will tie and complement Spectrum's existing 3D surveys in the area.
CGG announced today that the final pre-stack depth-migrated data for Phase 1 of its Davros 3D BroadSeis and BroadSource multi-client survey in the Northern Carnarvon Basin on the North West Shelf of Western Australia is available now. With over 6,400 km2 already acquired, Davros is the largest multi-client seismic program ever to be acquired and processed by CGG in the Asia-Pacific region.
InterOil Corporation (NYSE: IOC; POMSoX: IOC) today announced that at a Special Meeting held today, its shareholders overwhelmingly voted to approve the transaction with Exxon Mobil Corporation (NYSE: XOM). Of the votes cast at the Special Meeting, more than 80 percent were in favor of the proposed transaction.
Europe will play a pivotal role in the performance of LNG markets globally amid ongoing concerns over gas over-supply, reduced demand in some quarters and pressure on prices. The major question remains the extent to which Europe can absorb increased gas volumes as part of goals to de-carbonize economies, promote renewables, ensure pricing remain competitive, safeguard energy security and deliver diversity of supply.
Eni upgraded the field potential of Baltim South West to 1 trillion cubic feet (Tcf) of gas in place, following the results of the appraisal well Baltim South West 2X, drilled immediately after the successful drilling of the discovery well Baltim South West 1X. The Baltim South West field is located in the conventional waters of the Nile Delta, in 25 meters of water depth, 12 Km from the coastline and just 10 Km from the Nooros field, discovered in July 2015 and is already in production.
Royale Energy, Inc. (OTCQB:ROYL) has begun drilling its second well, the CRC RVGU #8-2, in the Rio Vista field after finding over 100 ft.
Sempra Energy (NYSE: SRE) today announced that its Mexican subsidiary, Infraestructura Energética Nova, S.A.
Templar Energy LLC and its affiliates announced today that it has closed a comprehensive restructuring transaction on a fully consensual out-of-court basis, having obtained consent from 100% of each of its second lien lenders, equity holders and first lien RBL lenders. The transaction results in the extinguishment of $1.
GRANITE OIL CORP. (TSX:GXO)(OTCQX:GXOCF) is pleased to provide an operational update and updated guidance for the remainder of 2016.
Canacol Energy Ltd (TSX:CNE)(OTCQX:CNNEF)(BVC:CNEC) is pleased to provide a revised capital plan for 2016. The new capital plan accelerates the Corporation's natural gas opportunities in Colombia with three new gas wells.
Ring Energy, Inc. (NYSE MKT: REI) released today a preliminary update on their three well horizontal drilling program which began in early August on the Company's Central Basin Platform ('CBP') asset.
Alvopetro Energy Ltd. (TSX-V:ALV) is pleased to announce that we have entered into a Farm-out Agreement with an independent third party whereby the Farmee will acquire a 95% participating interest in Block 107 from Alvopetro.
Shares of natural gas producer Painted Pony have gone from $3-$9 this year-despite Canadian natgas prices trading as low as 65 cents/mcf this year! They are one of the lowest cost producers, and I think will show the largest percentage increase in both production per share and cash flow growth per share-and that's what the Market pays for! That's the kind of market out-performance I look for when choosing companies to present to my subscribers at our annual Subscriber Investment Summit. CEO Pat Ward presented in March in Toronto, and he will be presenting again on Tuesday October 11 at our annual Vancouver summit-you can register here: http://bit.
Petrofac Training Services has been awarded a significant contract for Training and Emergency Response Services with Statoil (U.K.
Eland Oil & Gas PLC (AIM: ELA), an oil & gas development and exploration company operating in West Africa with an initial focus on Nigeria, today announces its financial results for the six-month period to 30 June 2016. George Maxwell, CEO of Eland, commented: 'The first half of 2016 was successful for Eland, with operational success at the Opuama-3 well workover in OML40 testing at rates in excess of 10,500 barrels/day of oil, reserves additions reported in CPRs for both the Ubima marginal field and the Gbetiokun field, and an oversubscribed equity raise for $18.
| Thursday, September 22, 2016
Gulf Keystone Petroleum, an independent oil and gas exploration and production group and operator of the Shaikan field in the Kurdistan Region of Iraq, announces its results for the six months ended 30 June 2016. Operational highlights Security situation and HSSE performance All operations in the Kurdistan Region of Iraq remain safe and secure with no significant HSSE incidents during the periodProduction and sales Strong production performance resulted in gross production of 6.
JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting. During this meeting the Board elected a new Chairman and approved the total volume of crude oil to be directed domestically in 2016.
Hurricane Energy plc, the UK-based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces the publication of its interim report and financial statements for the six months ended 30 June 2016. Operational highlights Commenced the Lancaster 7 Wells, two-well drilling programme in July 2016 Interim results from Pilot Well confirmed a significant oil column deeper than the 2C Case set out in Hurricane's CPR - Lancaster field likely to be significantly greater than the 200 million barrel 2C Case currently estimated Drilling of Horizontal Sidetrack Well now underway Progressed plans for EPS - base case increased to 62 million barrel development with life-of-field OPEX reducing to $26 per barrelFinancial highlights Raised £52.
Prospex Oil and Gas Plc, the AIM quoted investment company, announces its interim results for the sixth month period ended 30 June 2016. Highlights: Acquisition of 49% stake in Hutton Poland in line with strategy to invest in high impact onshore and shallow offshore European opportunities with short timelines to production Hutton Poland owns 100% of the 1,150 sq km Kolo Licence, onshore Poland which includes the drill-ready Boleslaw Prospect Competent Person's Report highlights Boleslaw's attractive economics: Gross best estimate of 87 bcsf US$44 million to US$95 million NPV range net to Prospex £5 million to £8.
Financial highlights Ensco settlement reduced revenue by USD 25 million and net profit by USD 35 million Underlying performance, excluding the settlement with Ensco, is broadly in line with expectations Revenues of USD 451.3 million substantially higher than the comparative period last year owing to phasing of construction activity Net cash position in line with guidance owing to working capital movements ahead of multiple upcoming rig deliveries; cash position expected to strengthen in the coming months Gross margins 6.
Cue Energy Resources Ltd (ASX:CUE) is pleased to advise that as part of its strategy of delivering disciplined growth through attractive opportunities in Indonesia, and subject to final government approvals, the Sampang Joint Venture [Santos 45% (operator), Singapore Petroleum Company 40%, Cue 15%] has approved the SSP. This initiative will involve switching the Oyong and Wortel Fields to a gas only production system and ceasing uneconomic oil production.
Polarcus Limited (OSE: PLCS) is pleased to announce that the Company has received a contract award for a broadband 3D marine seismic project in Australasia. The project is due to commence in Q4 2016 and will run for approximately one month.
A ceremonial event marking the launch of the Vostochno-Messoyakhskoye field took place today. The event was attended by Alexey Miller, Chairman of the Gazprom Management Committee, Igor Sechin, Chief Executive Officer of Rosneft, and Alexander Dyukov, Chairman of the Gazprom Neft Management Board.
Mr. Isidro Fainé Casas, Propietary Outside Director appointed under a proposal of CaixaBank, S.
The first article in this series provided an overview of the regulatory policy objectives of the G20 group of Finance Ministers and their aim to restore global growth, strengthen the international financial system and reform international financial institutions following the 2007/2009 banking crisis and subsequent recession. The second article considered the Dodd Frank Act, which is the US approach to meeting its G20 obligations.
UK Oil & Gas Investments PLC (LSE AIM/ISDX: UKOG) announces that a planning application has been submitted to the South Downs National Park Authority for the appraisal and development of the company's conventional Markwells Wood-1 ('MW-1') oil discovery, located near Rowlands Castle in West Sussex. UKOG owns a 100% interest in the Markwells Wood licence (PEDL126).
Lilis Energy, Inc. (OTCQB: LLEX) today announced plans to spud its first two Wolfcamp horizontal wells in the Delaware Basin.
Suncor reports that it has been advised by the operator of the Shelburne Basin joint venture exploration project, Shell Canada Limited, that the drilling of the first exploration well has been completed and it is non-commercial. As a result, in the third quarter of 2016 Suncor will write off its share of the cost of the well which, under the commercial terms of Suncor's farm-in agreement, is expected to be approximately $105 million (after-tax).
Velocys plc (VLS.L), the company at the forefront of smaller scale gas-to-liquids (GTL), is pleased to announce that construction of ENVIA Energy's GTL plant in Oklahoma City is now complete.
What really causes falling productivity growth? The answer seems to be very much energy-related. Human labor by itself does not cause productivity growth.
CNOOC Limited (SEHK: 00883, NYSE: CEO, TSX: CNU) today announced that the Enping 18-1 oilfield has commenced production. The Enping 18-1 oilfield is located in the Pearl River Mouth Basin of the South China Sea with an average water depth of approximately 90 meters.
The late-2014, Saudi-initiated oil-price war may have taken the 'boom' out of the US shale industry as it seriously threatened OPEC market share, but Saudi victory has been elusive: US shale has proven amazingly resilient. The industry has adapted quickly to the new playing field, and the unsung hero of a new uptick in drilling and investment isn't just true grit—it's sand.
Velocys plc (VLS.L), the company at the forefront of smaller scale gas-to-liquids (GTL), announces the retirement from the Board of Dr Jan Verloop, effective immediately.
Completion of updated Field Development Plans ('FDPs') for Ukraine and Russia and related independent evaluation of the Company's gas and condensate reserves at its Koshekhablskoye Field in Russia. The FDP for Ukraine identifies a technical solution to potentially unlock approximately 600 billion cubic feet of recoverable gas reserves previously considered uneconomic at the Rudenkivske gas field.
When the application deadline for awards in pre-defined areas (APA) 2016 expired on 6 September, the authorities had received applications from 33 companies. 'It is very positive that so many companies still believe that more oil and gas can be discovered on the most mature parts of the shelf.
A delegation of the Ministry of Mines and Hydrocarbons of Equatorial Guinea has arrived in Singapore to promote the oil and gas licensing round. During the CWC LNG & Gas Series: 8th Asia Pacific Summit, held September 20-23 at the Grand Hyatt in Singapore, the Ministry of Mines and Hydrocarbons welcomes companies to submit letters of interest.
| Wednesday, September 21, 2016
Bellatrix Exploration Ltd. (TSX, NYSE: BXE) is pleased to announce that it has entered into an agreement with InPlay Oil Corp.
CORDY OILFIELD SERVICES INC. (the 'Corporation' or 'Cordy') (TSX VENTURE:CKK) is pleased to announce executive team changes as the Corporation continues to strengthen the organization and positions itself for future.
Painted Pony Petroleum Ltd. (TSX: PPY) is pleased to announce 180 MMcfe/d (30,000 boe/d) of production volumes were averaged over the previous five days, based on field estimates.
PT Medco Energi Internasional Tbk has signed a share Sale and Purchase Agreement to acquire ConocoPhillips Indonesia Inc. Ltd.
Overview of Oil Prices: Last week was a bad week for crude oil prices, and this week does not seem to be any better. Oil prices fell sharply last week on various negative data and news.
A recent flurry of progress on pipeline plans and field approvals in East Africa means Kenya is set to become the region's first oil exporter, beating its land-locked neighbor and regional rival Uganda to the punch. Under a deal struck with Tullow Oil last month, crude flows from Kenya's north western Lokichar basin to the port of Lamu on the Indian Ocean could begin by the middle of next year.
| Tuesday, September 20, 2016
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7219/12-1, cf. Section 8 of the Resource Management Regulations.
Sound Energy, the European and African focused upstream company, is pleased to confirm the commencement of civil works at the Badile exploration well site, onshore Northern Italy. The rig is expected to be mobilised during Q4 2016 with a view to drilling commencing around the end of the year.
Preliminary production figures for August 2016 show an average daily production of 1 929 000 barrels of oil, NGL and condensate, which is a decrease of 202 000 barrels per day (approx. 9.
International oilfield services company, Expro, has been awarded a contract worth over $30m with the Hindustan Oil Exploration Company (HOEC) for the Dirok gas field in India. The project will see Expro provide the design, engineering, construction, transportation, installation and commissioning of a Modular Gas Processing Plant (MGPP) which will fulfil the requirement of a fast-track Early Production System (EPS) as well as long-term operational goals.
Andalas Energy and Power Plc, the AIM listed Indonesian focused upstream oil and gas and power company (AIM: ADL), is pleased to announce the appointment of Dr Robert Arnott as Non-Executive Director with immediate effect. Dr Arnott is a pre-eminent figure in the international oil and gas industry and the Board is confident that he will be highly instrumental as the Company advances its strategy to become a leading Indonesian focused energy company.
Highlands Natural Resources, the London-listed natural resources company, is pleased to provide an operational update with regards to recent progress at its onshore U.S.
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces its unaudited Interim Results for the six months ended 30 June 2016. Highlights Operations - significant Brasse discovery and acquisition of package of producing assets from DONG boost production, cash flow, reserves and resources Exploration programme delivers considerable increase in resources Faroe-operated Brasse oil and gas discovery (Faroe 50%) estimated at 43-80 mmboe in good reservoir located near Brage and Oseberg production facilities Kvalross exploration well (Faroe 40%) in Norwegian Barents Sea, announced as dry in February 2016 Further new exploration licence awards - six APA licences awarded in Norway in January 2016 and one licence option, located close to the producing Corrib field, awarded offshore Ireland in July 2016 Average first half production of 9,030 boepd from existing portfolio (H1 2015: 10,971 boepd) - decrease mainly due to planned suspension of Njord and Hyme in early June 2016 Average operating cost per boe approximately $25 (2015: $23) - increase primarily due to lower production resulting from Njord and Hyme suspension and higher tariff charges on Schooner and Ketch Acquisition of four producing fields in Norway from DONG adding 19.
AWE Limited (ASX: AWE) provides the following update of 2P Reserves and 2C Contingent Resources for the Waitsia gas field (50% owned, Operator) following receipt of an independent certification report. AWE appointed Perth-based RISC Operations Pty Ltd (RISC) to provide independent review and certification of Reserves and Contingent Resources for the Waitsia gas field, located in onshore Permit L1/L2, northern Perth Basin, Western Australia.
Ikon Science is delighted to announce that its revolutionary RokDoc Ji-Fi software has been shortlisted for a prestigious Energy Institute Award. RokDoc Ji-Fi, is a software system that uses analytic data from global and regional well trends to generate high fidelity geological models and subsurface rock properties from seismic data.
Tethys' share of the production, before government take, from Blocks 3 and 4 onshore the Sultanate of Oman amounted in August 2016 to 387,174 barrels of oil, corresponding to 12,489 barrels of oil per day. Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Block 3 and 4 Ltd, has a 30 per cent interest in Blocks 3 and 4.
Cheniere Energy, Inc. (NYSE MKT: LNG) President and Chief Executive Officer Jack Fusco today announced his new executive leadership team.
On Monday 19 September minister of petroleum and energy Tord Lien together with Statoil, Centrica and ExxonMobil celebrated the 5 billion barrels of oil equivalent delivered by Statfjord since first oil in 1979. The minister got the honour of filling the barrel, which was decorated in golden colour for the occasion.
Political, environmental, international, and economic: the fast-moving macro factors that affect the oil and gas industry have created more volatility - and more data points that must be analyzed to make sense of it all. As Michael Schwartz at EKA explains, it's not just political operatives that have to understand the polls.
Junex Inc. (TSX VENTURE:JNX) is pleased to announce that long-term oil production testing of its Galt No.
Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) today announces a corporate update. Olisol Transaction As previously announced on September 2, 2016 the Company continues to work with Olisol to complete the private placement of 181,240,793 shares at C$0.
Corridor Resources Inc. (TSX:CDH) announced today an update to its operations.
LNG technology evolved as a solution to the problem of transporting large quantities of gas over long distances. Developments in the market over the next five years are expected to have a significant impact on both the construction of LNG carriers and the primary LNG trading routes.
Emirates National Oil Company (ENOC) revealed plans to expand the capacity of its ENOC Processing Company (EPCL) Jebel Ali facility by 50 per cent. The expansion project comprises of three separate packages at an estimated value in excess of US$1billion.
Carnarvon Petroleum Limited (ASX:CVN) provides the following update on drilling operations as advised by the operator of the Roc-2 well, Quadrant Energy. Progress Since the last report the well has been drilled down to a total depth of 5,290 metres measured depth and the rig is preparing to run wireline logging tools.
Andes (AIM: AEN; BCBA: AEN), the Latin American E&P group, announces its unaudited interim results for the six month period ending 30 June 2016. Operational Review Period highlights 6% increase in average daily production from 3,287* boepd in the first six months of 2015 to 3,481* boepd in the first six months of 2016 Average oil production of 2,322 bpd in Argentina; average net price received US$60.
Jupiter Energy Limited (AIM: 'JPRL', ASX: 'JPR' and KASE: 'AU_JPRL') is pleased to provide shareholders with the following Operations Update. Exploration Licence Extension: In late March 2016, the Company submitted a formal application to the Ministry of Energy for a 4 year extension (through to 20 December 2020) to the Exploration Period on Block 31.
Argos Resources Limited (AIM: ARG.L), the Falkland Islands based company focused on the North Falkland Basin, is pleased to announce its interim financial results for the six months ended 30 June 2016.
Sound Energy, the European and African focused upstream company, is pleased to announce that the second Tendrara well has now been drilled to the third and final casing point at a measured depth of 2623 metres and that operations have started to set and cement the 7' liner in the TAGI-I shale formation. The well is now approximately 10 metres from the target TAGI-I reservoir.
The directors of Petrel (AIM: PET) are pleased to advise shareholders that, further to our announcement of 7th September 2016, Petrel and its partners have been offered revised Tano Basin acreage coordinates by Ghanaian officials, which we have accepted in principle. Negotiations to formalise a revised Petroleum Agreement between the Company and Ghanaian officials will continue as agreement has yet to be reached on certain matters.
| Monday, September 19, 2016
The Board of Andes (AIM: AEN; BCBA: AEN) is pleased to announce the appointment to the Board of Sir Michael Rake as an independent non-executive director with effect from today. Sir Michael is Chairman of BT Group plc as well as Chairman of payments processing firm Worldpay Group plc, a director of S&P Global and Chairman of Majid Al Futtaim Holdings LLC.
Ascent Resources plc, the AIM quoted European oil and gas exploration and production company is pleased to report its interim results for the six months ended 30 June 2016. Highlights: Raised £1.
Santos is pleased to announce the appointment of Mr Anthony Neilson as its new Chief Financial Officer. Mr Neilson is a Chartered Accountant with significant experience in the oil and gas sector within the United Kingdom, China, South East Asia and Australia.
Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website. BHI Rig Count: U.
In accordance with Section 9.6.
Shareholders are advised that Mr Steve Muller resigned as an independent non-executive director and as the chairman of the audit and risk committee of the Company on 15 September 2016 in order to pursue other business opportunities. Accordingly, ordinary resolutions 2.
THE above chart should tell you a great deal of what you need to know about Saudi Aramco's interest in buying the LyondellBasell Industries (LBI) refinery that's located in the Houston Ship Canal in the US: Between January 2007 and October of this year, the Eagle Ford shale-oil field in Texas will have seen the efficiency of oil output from reach of its rigs increase by 2,700% The Bakken field in North Dakota is meanwhile set to see its oil output per rig jump by 730%. The Permian basin, which is again in Texas, will see a 710% improvement with the Permian Basin offering a lot of potential for further innovation.
TRC Companies, Inc. (NYSE: TRR) announced today that Jim Stephenson has been promoted to Chief Strategy Officer.
RockPile Energy Services, LLC, a portfolio company of White Deer Energy, today announced the Company has acquired American Well Service LLP ('AWS'), a Kenmare, North Dakota based Workover Rig Company. Key Highlights: American Well Service is a 6 rig Workover business, which provides both 24 hour and 12 hour cleanout and well intervention service operations When added to RockPile's current 6 rig business, the Company will now have 12 Workover rigs servicing the Bakken with an operational presence in both the Northern and Southern portions of the basin American Well Service is an ideal fit with RockPile due to their reputation for high quality service delivery and a deep commitment to QHSE excellence Acquisition marks RockPile's first deal after being acquired by White Deer a week ago'We couldn't be more excited to welcome the American Well Service team to the RockPile family.
Harvest Natural Resources, Inc. (NYSE: HNR) today announced that, at the Company's annual meeting held yesterday, the Company's stockholders authorized the sale of all of the Company's interests in Venezuela to CT Energy Holding SRL, a private investment firm (CT Energy), with more than 97% of the total number of shares voting on the proposal approving the transaction.
During August 2016, the Joint Activity (JA) led by Misen Energy AB (publ) produced a total of 54.3 million cubic meters (mmcm) of natural gas, 2.
RANGE RESOURCES CORPORATION 'Range' (NYSE:RRC) and MEMORIAL RESOURCE DEVELOPMENT CORP. (NASDAQ:MRD) today announced the completion of the merger agreement under which Range will acquire all of the outstanding shares of common stock of MRD in an all-stock transaction valued at approximately $4.
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce its average production volumes for August 2016 and for the year to date. Average Group production for August 2016 was 7,081 barrels of oil equivalent per day (11.