More Oil & Gas Reserves News

Horizon-Talisman to develop PNG Stanley gas-condensate

Feb 16, 2012

Horizon Oil Ltd., Sydney, said its board approved the final investment decision to develop a condensate recovery project at Stanley field in western Papua New Guinea subject to receiving debt financing on satisfactory terms.

GeoPark acquires private Colombian explorers

Feb 15, 2012

GeoPark Holdings Ltd. has acquired Winchester Oil & Gas SA and La Luna Oil Co. Ltd., private exploration and production companies operating in Colombia, for $30 million cash adjusted for working capital.

 

Chesapeake contemplates exiting Permian basin

Feb 14, 2012

Chesapeake Energy Corp. recently received industry inquiries about a complete exit from the Permian basin, the company said Feb. 13, acknowledging that it might consider selling all its Permian basin assets if it were to receive a compelling offer.

SandRidge to acquire Dynamic Offshore

Feb 3, 2012

SandRidge Energy Inc., Oklahoma City, will acquire private Houston independent Dynamic Offshore Resources LLC for $1.275 billion including $680 million in cash and 74 million SandRidge common shares.

Tanzania Mnazi Bay hunt seeks larger gas supply

Feb 3, 2012

Maurel & Prom, Paris, has spudded the Ziwani-1 onshore exploratory well on the 756 sq km Mnazi Bay concession in the Rovuma basin in coastal Tanzania.

Lower Cook Inlet Cosmopolitan leases being acquired

Feb 2, 2012

Buccaneer Energy Ltd., Sydney, will acquire a 25% operated  working interest in the two main productive leases in the former Cosmopolitan Unit in Alaska’s Lower Cook Inlet from Pioneer Natural Resources Alaska Inc.

MEG Energy's Christina Lake reserves up 17%

Feb 2, 2012

MEG Energy, Calgary, said an independent analysis boosted its proved reserves of bitumen in the Christina Lake area of Alberta’s southern Athabasca region by 17% last year to 708 million bbl.

Resisting resource development stifles big source of jobs

Jan 30, 2012 What does US President Barack Obama have against employment related to resource development?

Exploration/Development Briefs

Jan 30, 2012

BOEM schedules central gulf lease sale for June 20

Jan 26, 2012

The US Bureau of Ocean Energy Management will hold a consolidated central Gulf of Mexico lease sale in New Orleans on June 20, the US Department of the Interior agency announced.

Essar touts its CBM reserves, resources in India

Jan 25, 2012

Essar Energy PLC said it has greatly expanded proved and probable reserves at its 500 sq km Raniganj coalbed methane exploration block in West Bengal and that the company has India’s most expansive CBM acreage with 10 tcf of gas resources across five blocks.

White House NOC issues National Ocean Policy draft

Jan 23, 2012 The White House’s National Ocean Council issued a National Ocean Policy draft on Jan. 12 that describes actions the federal government might take to address the most pressing challenges facing oceans and US coasts, as well as the Great Lakes.

Petro Harvester to buy Mississippi, Louisiana fields

Jan 17, 2012

Petro Harvester Oil & Gas LLC, Frisco, Tex., plans to acquire producing, long-life oil properties in central and southern Mississippi and southern Louisiana from Denbury Resources Inc., Plano, Tex.

Norway: Avaldsnes south area resource likely smaller

Jan 16, 2012

Results from the 16/5-2S appraisal well will most likely reduce the current resource estimate for the southern part of the Avaldsnes discovery in the North Sea off Norway, said Lundin Petroleum AB, Stockholm.

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