More Oil & Gas Reserves News

Poland's shale nonstory

Apr 1, 2012

Press reportage of Poland's recent assessment of shale gas and shale oil resources set new highs in confusion and imprecision.

GeoPark acquires Hupecol assets in Colombia

Mar 28, 2012

GeoPark Holdings Ltd. has made a second acquisition in Colombia with the $75 million purchase of Hupecol Cuerva LLC, a private explorer that holds two Llanos basin blocks.

World class play seen in Argentina's Vaca Muerta shale

Mar 27, 2012

An investment of $25 billion/year is needed to develop the existing prospective resource attributed to the Vaca Muerta shale formation in Argentina’s Neuquen basin, according to remarks attributed to Repsol YPF SA, Madrid.

Crown Point to acquire Antrim Argentina assets

Mar 26, 2012

The boards of Antrim Energy Inc. and Crown Point Ventures Ltd. have unanimously approved Crown Point’s acquisition of the assets of Antrim Argentina SA for $10.26 million cash and 35.7 million Crown Point common shares.

Gas target empty at Oseberg deeper pool oil find

Mar 23, 2012

A Statoil ASA group has made a small oil discovery in PL053 in the Oseberg Area Unit in the North Sea offshore Norway.

Lukoil lets West Qurna-2 development contracts

Mar 22, 2012

Lukoil Mid-East Ltd., operator of the West Qurna-2 oilfield development megaproject in southern Iraq, has signed several major contracts.

Tawke oil well tops 25,000 b/d from Cretaceous

Mar 21, 2012

The Tawke-16 well in the Kurdistan region of Iraq flowed at a combined rate of more than 25,000 b/d of oil from multiple zones tested separately, likely making it the field’s test well so far, said DNO International ASA, Oslo.

Ministry: Shale gas policy near for India

Mar 13, 2012

With a new assessment by the US Geological Survey in hand, India’s Ministry of Petroleum and Natural Gas is moving toward announcement of a regulatory regime for shale gas exploration and production.

Statoil group confirms Skrugard oil, gas discovery

Mar 6, 2012

A group led by Statoil ASA has confirmed its Skrugard oil and gas discovery in the Barents Sea, which will become the northernmost field development on the Norwegian Continental Shelf.

Premier gauges deeper gas at Anoa offshore Indonesia

Mar 5, 2012

Premier Oil PLC reported a flow of 17 MMscfd of gas from fractured Eocene-Oligocene Lama sandstones in Anoa oil and gas field on Natuna Sea Block A offshore Indonesia.

BPZ reports oil production, reserves offshore Peru

Mar 5, 2012

BPZ Energy Inc., Houston, reported a 10.7 decline in proved crude oil reserves at the end of 2011 and early response to a gas cap reinjection program at Corvina field offshore Peru.

Southwestern to slash Fayetteville drilling, not flow

Mar 1, 2012

Southwestern Energy Co., Houston, will invest $1.1 billion in the Fayetteville shale play in Arkansas in 2012, down from $1.3 billion in 2011.

Grizzly reports May River resource estimate

Feb 29, 2012

Grizzly Oil Sands ULC said an independent analysis has identified 1.8 billion bbl of exploitable bitumen in place at the May River oil sands property in northern Alberta it has acquired from Petrobank Energy & Resources Ltd. Both companies are based in Calgary (OGJ Online, Feb. 1, 2012).

LINN Energy to buy BP's Hugoton holdings for $1.2 billion

Feb 28, 2012

LINN Energy LLC, Houston, will acquire BP America Production Co.’s in giant Hugoton field in southwestern Kansas for $1.2 billion with closing by Mar. 30.

Repsol Sinopec gauges Pao Campos presalt discovery

Feb 27, 2012

A Repsol Sinopec-led group has gauged oil and gas at a presalt discovery in the Campos basin offshore Brazil.

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