More Oil & Gas Reserves News

Louisiana chalk horizontal completions growing

Dec 9, 2011

Horizontal drilling in the Austin chalk formation is leading to more oil and gas completions along the Cretaceous trend in central Louisiana.

ONGC to develop fields off western India

Dec 6, 2011

Production is expected to begin in May 2014 from a cluster of oil and gas fields in the Mumbai High area offshore western India to be developed by state-owned Oil & Natural Gas Corp.

Worldwide oil production steady in 2011; reported reserves grow

Dec 5, 2011

Oil and Gas Journal's annual look at reported worldwide oil reserves shows an increase to 1.52 trillion bbl from 1.47 trillion in last year's survey (OGJ, Dec. 6, 2010, p. 46).

Mozambique gas bounty elevated to 30-50+ tcf

Nov 29, 2011

Deepwater wells off Mozambique have encountered an estimated 30 tcf to more than 50 tcf of natural gas in place, said Anadarko Petroleum Corp.

Noble sees giant East Mediterranean oil, gas potential

Nov 15, 2011

Noble Energy Inc. said it has identified 12 more prospects with more than 20 tcf of gross unrisked resource potential in the eastern Mediterranean that target sands equivalent to those it discovered at Tamar off Israel.

Repsol sees 927 million boe in Vaca Muerta so far

Nov 8, 2011

Repsol YPF said it has identified the existence of a recoverable 927 million bbl of oil equivalent, 80% oil, in Late Jurassic-Early Cretaceous Vaca Muerta shale on about 3.5% of its 12,000 sq km holdings in the Neuquen basin in Argentina.

Israel's offshore gas reserves poised to rise

Nov 7, 2011

Israel’s reserves of natural gas, now under development in the country’s Mediterranean offshore, are poised to rise substantially in the near future, according to a senior government official.

Dependent on dependence: Are economic calculations of expected hydrocarbon accumulations worthwhile?

Nov 7, 2011

This article is concerned with showing that the dependence of probable success between two reservoirs has far-reaching consequences for the expected value, volatility, and cumulative probability of anticipated hydrocarbon reserves.

How Haynesville shale will lift Louisiana's gas production profile

Nov 7, 2011

Conventional oil and gas production in Louisiana has been in steady decline for 4 decades, but in recent years, new technology and innovation has opened up a new resource play in the Haynesville shale that is expected to play an important role in the state for many years.

Oil promise seen in multiple Three Forks benches

Nov 3, 2011

As many as four dolomite benches in the Three Forks formation that underlies the Bakken in the Williston basin may have oil potential, said Continental Resources Inc., Enid, Okla.

Realizing potential

Oct 31, 2011

Significant advances in technology have unlocked abundant quantities of natural gas and crude oil in North America, but the potential benefits of these resources can only be realized through prudent development.

Eni hikes Mozambique find's potential to 7.5 tcf

Oct 27, 2011

Eni SPA boosted its estimate of the potential of its Mamba South-1 discovery off Mozambique by 50% to 7.5 tcf of gas in place after deepening it through a separate pool with 90 m of gross pay.

Statoil doubles estimate of Aldous discovery

Oct 25, 2011

Norway's Statoil said part of its newly discovered Aldous Major South field in the North Sea is twice as large as first thought, raising its estimate as much as 3.3 billion boe.

Green River shale oil in place put at 1.45 trillion bbl

Oct 24, 2011

About 1.45 trillion bbl of shale oil is estimated to be in place in the Eocene Green River formation in the Green River and Washakie basins in southwestern Wyoming, the US Geological Survey said.

North extension of Aldous Major South confirmed

Oct 18, 2011

A group led by Statoil ASA has confirmed a northern extension of the Aldous Major South structure in the North Sea off Norway.

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