More Oil & Gas Reserves News

Deloitte report sees crucial energy role for water management

May 28, 2012

Water management will play an increasingly crucial role in energy globally as well as in the US, experts at Deloitte LLP's 2012 Washington area energy conference forecast on May 21.

Wintershall group to develop Maria offshore Norway

May 23, 2012

An appraisal well north of the 2010 Maria oil and gas discovery in the Norwegian Sea has confirmed the initial resource estimate and supported the upper end of discovery volumes, said Wintershall Norge AS.

Atlas to acquire Titan Fort Worth Barnett shale assets

May 17, 2012

Atlas Resources Partners LP, Philadelphia, will acquire 250 bcf equivalent of proved reserves in the Barnett shale in the Fort Worth basin from Titan Operating LLC, private Fort Worth independent, for $184 million in ARP units.

BG has Cretaceous gas find off southern Tanzania

May 16, 2012

BG Group is preparing to spud its sixth wildcat offshore southern Tanzania after reporting a fifth gas discovery at the Mzia-1 exploratory well on Block 1.

Anadarko adds 7 to 20+ tcf at Golfinho off Mozambique

May 15, 2012

The Anadarko Petroleum Corp. group has added 7 to 20+ tcf of recoverable gas to its discovered trove offshore Mozambique at an exploratory success nearly 20 miles northwest of its Prosperidade complex.

Statoil groups eye next steps in Barents, North seas

May 10, 2012

Groups led by Statoil ASA plan to further explore the Barents Sea offshore Norway in the vicinity of the Skrugard and Havis discoveries while working toward a late 2018 production start for the Johann Sverdrup discovery in the North Sea west of Stavanger.

BP lets contract for second Mad Dog spar

Apr 30, 2012

BP Exploration & Production Inc. let a front-end engineering design contract to Technip for a spar hull and mooring systems for the second phase of development of deepwater Mad Dog oil and gas field in the Gulf of Mexico.

Continued R&D essential to tap US tight oil, panel told

Apr 23, 2012

The successful recovery of oil and natural gas from previously inaccessible tight shales with hydraulic fracturing and horizontal drilling does not mean further research and development is unnecessary, experts told a US House Committee on Apr. 17.

Obama forms unconventional gas interagency working group

Apr 23, 2012

US President Barack Obama issued an executive order establishing an interagency working group to coordinate federal policies to support safe and responsible US unconventional natural gas resource development.

USGS updates non-US oil, gas, NGL conventional resource estimates

Apr 19, 2012

The US Geological Survey estimates that the world’s undiscovered, technically recoverable conventional oil and gas resources outside the US total 565 billion bbl of oil, 5,606 tcf of natural gas, and 167 billion bbl of natural gas liquids, it said on Apr. 18.

Utah: Resolute, Navajos buy Denbury's Aneth interest

Apr 11, 2012

Resolute Energy Corp. and the Navajo Nation Oil & Gas Co. have acquired nonoperated assets in giant Greater Aneth oil field in the Paradox basin of Utah from Denbury Resources Inc., Plano, Tex., for $75 million.

Hilcorp to buy Marathon's Cook Inlet gas assets

Apr 10, 2012

Hilcorp Alaska LLC signed a definitive agreement to buy Marathon Oil Corp.’s assets in Alaska’s Cook Inlet, subject to required approvals, by the fall of 2012.

AGA estimates US gas reserves reached 300 tcf in 2011

Apr 4, 2012

US natural gas reserves reached record levels in 2011 as producers found and produced more gas than was consumed, the American Gas Association said.

Alaska: Buccaneer, BlueCrest to buy Cosmopolitan

Apr 3, 2012

Buccaneer Energy Ltd., Sydney, will acquire a 25% working interest in and become operator of the Cosmopolitan project in southern Cook Inlet offshore Alaska.

Shell, Nexen locate more oil in gulf Norphlet trend

Apr 2, 2012

Shell Gulf of Mexico Inc. and Nexen Inc. have demonstrated a contingent recoverable resource of 215 million bbl of oil equivalent in the Jurassic Norphlet formation in the northeast fault block of the Appomattox structure in the deepwater Gulf of Mexico, where they are conducting further exploration and appraisal activity and evaluating development concepts.

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