More Oil & Gas Reserves News

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.

Beach posts shale gas figures in the trillions

Aug 10, 2011

Beach Energy Ltd., Adelaide, booked initial contingent resources of 2 tcf of gas for its Cooper basin PEL 218 permit in South Australia.

Utah: Berry developing multiple oil zones in Uinta

Aug 4, 2011

Berry Petroleum Co., Denver, estimated that its risked resource potential in the Uinta basin is 65 million bbl of oil equivalent excluding its proved developed reserves in the basin of 11 million boe.

Oil, gas remains a target as Obama enters deficit debate

Jul 11, 2011 The oil and gas industry remained a primary tax target as US President Barack Obama took a more active role in federal deficit negotiations this week.

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