More Oil & Gas Reserves News

Montana: Vaalco, Magellan eye deeper zones at Poplar

Sep 9, 2011

Vaalco Energy (USA) Inc., Houston, will drill three wells to the Bakken and deeper formations in the East Poplar and Northwest Poplar units in Roosevelt County, Mont., under an agreement with a subsidiary of Magellan Petroleum Corp., Portland, Me.

Vallares to acquire Genel Energy in $2.1 billion deal

Sep 8, 2011

Newly founded Vallares, an investment vehicle headed by former BP Chief Executive Tony Hayward, announced a $2.1 billion deal to purchase Genel Energy International, the biggest oil producer in Iraq's autonomous Kurdistan region.

Lebanon says Israeli maritime border threatens peace

Sep 8, 2011

Lebanon warned the United Nations that Israel's proposed maritime border threatens peace and security, as the two East Mediterranean nations spar over offshore oil and gas reserves.

Extension vaults Mad Dog to rival Thunder Horse

Sep 8, 2011

A successful appraisal well in a previously untested northern segment of Mad Dog field in the US Gulf of Mexico has hiked the complex’s resource to as much as 4 billion bbl of oil equivalent in place, rivaling that of Thunder Horse, said BP PLC.

Ryder Scott: Trinidad and Tobago's proved gas reserves decline

Aug 25, 2011

Trinidad and Tobago’s proved natural gas reserves have fallen for yet another year, according to Houston-based consultant Ryder Scott.

Encana to divest Barnett shale properties

Aug 25, 2011

Encana Corp.’s US subsidiary will divest its Fort Worth basin Barnett shale producing and midstream assets by early 2012.

USGS sees 84 tcf, 3.4 billion bbl in Marcellus

Aug 23, 2011

The Middle Devonian Marcellus shale in the US Appalachian basin contains 84 tcf of gas and 3.4 billion bbl of natural gas liquids, the US Geological Survey said Aug. 23.

Mozambique appraisal well adds to LNG stature

Aug 22, 2011

Results of an appraisal well near the Barquentine discovery off Mozambique has added confidence to Anadarko Petroleum Corp.’s plans for a liquefied natural gas plant fed by gas from Offshore Area 1 discoveries. The company has let contracts for pre-FEED studies.

Varied plays alter US Lower 48 exploratory landscape

Aug 18, 2011

Oil and wet gas plays of all types are revitalizing basins, reducing unemployment, stressing demand for rigs and other services, and reversing production declines in the US onshore Lower 48, speakers said Wednesday at a session leading up to the Summer NAPE exposition in Houston.

Watching The World: Fishing in dangerous waters

Aug 15, 2011

A friend once observed that the Iranians are a smart people: They read history and study maps. These days, they're diligently studying maps of the East Mediterranean's oil and gas resources, and planning to "help" Lebanon explore for it.

Newfield sees big Uinta oil potential in new plays

Aug 15, 2011

Newfield Exploration Co., Houston, said it sees a net resource potential of more than 700 million bbl of oil equivalent on its holdings in the Uinta basin in the wake of two acquisitions that closed in May that added 70,000 net acres for $300 million.

Falklands recovery seen at 325-434 million bbl

Aug 15, 2011

The Sea Lion main complex in the North Falkland basin could yield ultimate recovery of 325-434 million bbl of oil, said Rockhopper Exploration PLC.

Watching The World: Fishing in dangerous waters

Aug 15, 2011

A friend once observed that the Iranians are a smart people: They read history and study maps. These days, they're diligently studying maps of the East Mediterranean's oil and gas resources, and planning to "help" Lebanon explore for it.

Newfield sees big Uinta oil potential in new plays

Aug 15, 2011

Newfield Exploration Co., Houston, said it sees a net resource potential of more than 700 million bbl of oil equivalent on its holdings in the Uinta basin in the wake of two acquisitions that closed in May that added 70,000 net acres for $300 million.

Brazil: Fourth Solimoes exploratory well spuds

Aug 11, 2011

HRT O&G Exploracao e Producao de Petroleo Ltda., Rio de Janeiro, has spud its fourth exploratory well, designated 1-HRT-4-AM, in the Solimoes basin in northwestern Brazil.

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