More Oil & Gas Reserves News

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.

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.

GCA: Turkmenistan's Iolotan gas field is world's second-largest

Oct 13, 2011

Gaffney, Cline & Associates (GCA) said Turkmenistan’s South Iolotan natural gas field is the world’s second-largest, with an estimated 21.2 trillion cu m (tcm) of gas reserves.

Anadarko group sees at least 10 tcf off Mozambique

Oct 5, 2011

Anadarko Petroleum Corp. said its latest exploratory well off Mozambique found 140 net ft of gas pay in Miocene and Oligocene sand packages shallower than those in earlier wells and boosted its view of the resource potential of Offshore Area 1 to at least 10 tcf of gas.

GDF Suez lets Cygnus field FEED contract

Oct 3, 2011

GDF Suez E&P UK has taken a step toward development of its large Cygnus natural gas discovery in the southern gas basin of the UK North Sea.

Watching Government: Mulling a Marcellus impact fee

Oct 3, 2011

Democrats and a few Republicans in Pennsylvania's general assembly have called for a severance tax on natural gas produced from the Marcellus shale formation.

OGJ100 companies report higher 2010 earnings, output

Oct 3, 2011

In 2010 the collective financial results of the world's oil and natural gas producers improved from 2009, according to Oil & Gas Journal's survey of the 100 leading producers based outside the US.

Clontarf sees growth potential at Bolivian fields

Sep 30, 2011

Clontarf Energy PLC sees potential for increased activity in Bolivia, where the company or its affiliates own interests in Monteagudo oil and gas field and El Dorado gas-condensate field in the Chaco basin.

Apache to buy UK North Sea assets from ExxonMobil for $1.75 billion

Sep 21, 2011

Apache North Sea Ltd., a subsidiary of Houston independent Apache Corp., has agreed to acquire ExxonMobil Corp.’s Mobil North Sea LLC assets, which includes Beryl field and related properties, for $1.75 billion.

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.

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