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360 Articles

Manitok Energy’s Second Carseland Well IPs at 442 BOEPD

Manitok Energy’s Second Carseland Well IPs at 442 BOEPD

Manitok Energy Inc. (Ticker: MEI) announced initial production test results from the second horizontal well of its Q4 drilling program. The 13-33-022-25W4 horizontal well, in which Manitok has 100% working interest, in Carseland, targeted the Lithic Glauconitic (“LG”) zone and was completed with a multi-stage fracture stimulation. In the last 24 hours of the production test, and after flowing back[Read More…]

Manitok Finds Second Prospective Zone at Carseland, Reports Horizontal Well Results

Manitok Finds Second Prospective Zone at Carseland, Reports Horizontal Well Results

Manitok: New prospective zone to be tested during completion operations Manitok Energy Inc. (ticker: MEI) has announced the initial production test results from its first horizontal well of the fourth quarter drilling program. Initial production test of 674 BOEPD The 14-32-022-25W4 horizontal well (100% working interest) in Carseland, targeted the Lithic Glauconitic (“LG”) zone and was completed with a multi-stage fracture[Read More…]

Strategic Oil & Gas Tests New Muskeg Well at 1,263 BOEPD

Strategic Oil & Gas Tests New Muskeg Well at 1,263 BOEPD

Strategic’s West Marlowe play receives first 4-well pad Strategic Oil & Gas Ltd. (ticker: SOG) has drilled its first four-well pad in the development corridor at West Marlowe in northern Alberta. Strategic reported that its recent Muskeg horizontal well, 2-13, has an average rate of 1,263 barrels of oil equivalent per day (BOEPD) over the last 24 hours on test. Strategic[Read More…]

November 1, 2016 - 5:45 pm 360 Articles, Canada, Closing Bell Story, Discoveries
Total Outperforms Peers, Upstream Buoyed by LNG Business

Total Outperforms Peers, Upstream Buoyed by LNG Business

Total: “positioned to be the most profitable European major oil company” French oil major Total (ticker: TOT) reported its third quarter earnings today. The company has continued to send the same message every quarter, focusing on increasing production and declining operational costs and capital spending. “We expect the environment to remain volatile but based on our 2015 and first half[Read More…]

Caelus Energy Confirms Large-Scale Discovery on the North Slope of Alaska

Caelus Energy Confirms Large-Scale Discovery on the North Slope of Alaska

New find could deliver significant oil production, jobs and state revenue Privately held Caelus Energy Alaska, LLC announced Tuesday that its subsidiary, Caelus Energy Alaska Smith Bay LLC, has made a significant light oil discovery on its Smith Bay state leases on the North Slope of Alaska. Based on two wells drilled in early 2016 as well as 126 square[Read More…]

October 4, 2016 - 6:59 pm 360 Articles, Closing Bell Story, Discoveries, E&P
Zohr Gas Field Ramps Up: Saipem Lands $1.6 Billion in E&C Contracts

Zohr Gas Field Ramps Up: Saipem Lands $1.6 Billion in E&C Contracts

Italian drilling services firm Saipem (ticker: SPM) has been awarded more than $1.6 billion in contracts for offshore engineering and construction; the most significant contract relates to the field development project for the supergiant Zohr gas field, off the Egyptian coast in the Mediterranean sea. Petrobel has awarded Saipem an Engineering, Procurement, Construction & Installation (EPCI) contract for the accelerated[Read More…]

Exxon Mobil and Hess Corp. Announce World-Class Oil Discovery

Exxon Mobil and Hess Corp. Announce World-Class Oil Discovery

The equivalent of 1,400 Gulf of Mexico Blocks: Tillerson Exxon Mobil (ticker: XOM) and Hess Corp. (ticker: HES) announced initial results from the Liza-2 exploration well in the Stabroek block of offshore Guyana. This announcement follow the success of the Liza-1 well in 2015. The results confirm a world-class oil discovery with estimated recoverable resource for the Liza prospect of[Read More…]

June 30, 2016 - 5:56 pm 360 Articles, Closing Bell Story, Discoveries, E&P
Israel Has Some Serious Gas

Israel Has Some Serious Gas

Since 2009, Israel has been on a hot streak of discovery. Sitting 15 miles off the Mediterranean coast of Israel lies a vast resource of natural gas fields. Beginning with the Tamar natural gas field in 2009 and continuing with the Leviathon field in 2011, the Tanin field in 2012, the Karish field in 2013, and the most recent Daniel[Read More…]

May 26, 2016 - 6:00 pm 360 Articles, Closing Bell Story, Discoveries
Shale Record: Is Eclipse Resources’ 124-Stage Purple Hayes Well the Longest Onshore Lateral Ever Drilled?

Shale Record: Is Eclipse Resources’ 124-Stage Purple Hayes Well the Longest Onshore Lateral Ever Drilled?

Purple Hayes: Eclipse Resources Drills Well with an 18,544 Lateral in the Utica; Nine Energy Service Completes a 124-Stage Plug and Perf Frac on the Well In the Eclipse Resources (ticker: ECR) Q1 earnings call on May 5, Ben Hulburt, Eclipse’s chairman and CEO, dropped a piece of news that’s just now making its way around the circuit. “Perhaps most[Read More…]

Energy Professionals: You Are Mobile

Energy Professionals: You Are Mobile

The point is:  people in the energy business are extremely mobile. One glance at “Closing Bell Report” on your computer, phone or tablet tells you exactly what’s going on in the global oil and gas industry that day. “Closing Bell Report” goes to your inbox Monday-Friday at 5:00 p.m. Mountain Time. You get the high points of the day’s financial, company and energy geopolitical[Read More…]

Whiting Petroleum: New Oil & Gas 360® Documentary to Look at Bakken’s Top Producer

Whiting Petroleum: New Oil & Gas 360® Documentary to Look at Bakken’s Top Producer

Advanced technologies add to Whiting’s success  Whiting Petroleum (ticker: WLL), the largest Bakken/Three Forks producer, will be featured in a mini-documentary that will be released on Oil & Gas 360® at 9:00 a.m. Eastern time on Tuesday, January 12, 2016. What does Whiting do differently from other producers? What process inside Whiting has begun to land some of its wells in North[Read More…]

Eni Announces Largest Gas Discovery in Mediterranean History

Eni Announces Largest Gas Discovery in Mediterranean History

Eni S.p.A. (ticker: E) believes its Zohr Prospect, located about 120 miles off the coast of Egypt, could hold as much as 30 trillion cubic feet (Tcf) of lean gas, the company announced on August 30, 2015. According to the news release, the discovery is reportedly the largest in the history of both Egypt and the Mediterranean Sea. The Zohr[Read More…]

August 31, 2015 - 6:05 pm 360 Articles, Discoveries, E&P
VAALCO Energy Reports First Production from SEENT Platform Offshore Gabon

VAALCO Energy Reports First Production from SEENT Platform Offshore Gabon

VAALCO Energy (ticker: EGY), a Houston-based exploration and production company with operations in West Africa, has commenced production from its Southeast Etame/North Tchibala (SEENT) platform offshore Gabon. The Southeast Etame 2-H well returned 3,400 BOPD and is not producing any formation water or hydrogen sulfide – qualities that had existed in some previously drilled wells. VAALCO is the operator of[Read More…]

July 20, 2015 - 6:55 pm 360 Articles, Discoveries, E&P
Oil and Gas Discoveries to Date in 2015

Oil and Gas Discoveries to Date in 2015

“If I had to do it over again I would do the same thing. I love the chase. The thrill of exploration.” –Bill Barrett, IPAMS 1993 Wildcatter of the Year, 2003 Hall of Fame Inductee Oil and gas exploration is an art, and even though the golden age of discoveries is likely in the rearview mirror, a certain appreciation will[Read More…]

July 9, 2015 - 5:21 pm 360 Articles, Discoveries, E&P, Offshore
Contango Oil & Gas Announces Oil Discovery in Wyoming

Contango Oil & Gas Announces Oil Discovery in Wyoming

Contango Oil & Gas (ticker: MCF) announced “the discovery and successful completion” of a well located in Weston County, Wyoming, according to a company press release. The Elliott #1H well (80% working interest) is the first to be drilled by Contango in the Muddy Sandstone formation of its North Cheyenne Prospect Area. Initially intended to be a vertical well drilled[Read More…]

June 15, 2015 - 6:59 pm 360 Articles, Discoveries, E&P
China Finds 700 Million Barrels of Tight Oil

China Finds 700 Million Barrels of Tight Oil

Major tight oil discovery in China China’s state-owned China National Petroleum Corp. (CNPC) discovered more than 100 million metric tons of tight oil geological reserves in its Changqing field, according to a report by Reuters. Converted to barrels of oil, the discovery was over 733 million barrels of oil. This marks the first time that a tight oil discovery of[Read More…]

May 27, 2015 - 1:18 pm 360 Articles, Discoveries, International
Shell Nearing Arctic Development – Under Watchful Eyes

Shell Nearing Arctic Development – Under Watchful Eyes

Huge Expectations, Huge Investment “If you talk about 500 million barrels, I don’t think that will cut it. It must be a multi-multi-billion barrel discovery that we have there.” After investing six years and $6 billion of its development capital, Royal Dutch Shell (ticker: RDS.A) is suddenly within earshot of obtaining final approval to begin offshore exploration for oil and[Read More…]

May 21, 2015 - 4:53 pm 360 Articles, Arctic, Discoveries, E&P, Offshore
Approved: Hydraulic Fracturing Allowed under Ohio River

Approved: Hydraulic Fracturing Allowed under Ohio River

The West Virginia Department of Commerce will allow hydraulic fracturing under the Ohio River, according to reports from local media outlets. The state had previously leased out about 474 acres of land in Marshall and Wetzel counties and retains a 20% royalty of the produced resources. Statoil (ticker: STO) has already finalized a deal with an average cost of about[Read More…]

March 30, 2015 - 6:19 pm 360 Articles, Discoveries, Regulatory
CNOOC Announces ‘Mid-to-Large’ Offshore Natural Gas Find

CNOOC Announces ‘Mid-to-Large’ Offshore Natural Gas Find

New South Sea discovery tested to produce more than 35 MMcf/d China National Offshore Oil Corporation (CNOOC; ticker: CEO) announced yesterday a new “mid-to-large sized” natural gas discovery. The find, Lingshui 25-1, is located in the northeast of Ledong Sag in the Qiongdongnan Basin of the South Chinese Sea. The discovery well Lingshui 25-1-1 was drilled and completed at a[Read More…]

January 7, 2015 - 6:37 pm 360 Articles, Discoveries, International, Offshore
Chevron Announces Gulf of Mexico Find

Chevron Announces Gulf of Mexico Find

Chevron Corporation (ticker: CVX) has announced a “significant” oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. The Anchor #2 Well, which is located in Green Canyon Block 807, was drilled to a total depth of 33,749 feet and encountered pay in multiple Inboard Lower Tertiary Wilcox Sands. The well is located approximately 140 miles from[Read More…]

January 7, 2015 - 5:22 pm 360 Articles, Discoveries, Offshore
VAALCO Energy Updates Operations Offshore Africa

VAALCO Energy Updates Operations Offshore Africa

VAALCO Energy, Inc. is a Houston based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil.  VAALCO places high emphasis on international opportunities and holds acreage in Gabon, Angola and Equatorial Guinea in West Africa. A total of 2,487,000 gross acres (902,000 net) are in EGY’s portfolio, with the majority (roughly 89%) located offshore.[Read More…]

December 12, 2014 - 6:36 pm 360 Articles, Discoveries, E&P, International
PetroQuest’s Thunder Bayou Well Lives Up to its Name

PetroQuest’s Thunder Bayou Well Lives Up to its Name

Thunder Bayou Production Expected to Commence Q2 2015 at 25-30 MMcfe/day gross On December 9, 2014, PetroQuest Energy (ticker: PQ) announced results from its Thunder Bayou Prospect (50% working interest and 37% net revenue interest) located in Vermilion Parish, Louisiana. The onshore well encountered 490 gross feet (202 net) of pay within the primary Cris R2 objective and casing has been set[Read More…]

December 9, 2014 - 7:30 pm 360 Articles, Discoveries, E&P
Unit Corporation Announces Results from SOHOT Play; Rising Demand in BOSS Rig

Unit Corporation Announces Results from SOHOT Play; Rising Demand in BOSS Rig

Unit Corporation (ticker: UNT) is a diversified energy company with three business segments focused on upstream, midstream and drilling operations. The company celebrated its 50th Anniversary in 2013 and is projecting year-over-year growth of 9% to 10% in 2014, with 4% of the growth anticipated in the upcoming fourth quarter. Q3’14 Financial Results Unit reported net income of $67.5 million[Read More…]

November 6, 2014 - 5:54 pm 360 Articles, Discoveries, Earnings, Midstream, Oilfield Services
Oklahoma: Continental Resources Discovers the Springer Shale

Oklahoma: Continental Resources Discovers the Springer Shale

“We bought one shale and got another one for free.” Continental Resources (ticker: CLR), the nation’s eighth-largest E&P based on market capitalization, held its 2014 Analyst Day today in Oklahoma City, its first since 2012. The Springer Shale is Unveiled At the Analyst Day, Will Parker, Senior Exploration Geologist, said CLR published a list of six stealth plays in 2012.[Read More…]

September 18, 2014 - 5:12 pm 360 Articles, Discoveries, Midstream, Oilfield Services
Royal Dutch Shell Touts Utica Discovery Near New York

Royal Dutch Shell Touts Utica Discovery Near New York

The Utica is growing. Royal Dutch Shell (ticker: RDS.B) successfully drilled two Utica wells 100 miles northeast of the nearest producer in the play, the company announced in a press release on September 3, 2014. The wells, located in Tioga County, Pennsylvania, not only extend the sweet spot of the play, but are “comparable to the best publically announced thus[Read More…]

September 9, 2014 - 5:57 pm 360 Articles, Discoveries, Fracing, Oilfield Services
ERHC Energy in Process of Completing Airborne Gravity Survey in its Kenya 11-A Block; Neighboring Operators Announce a Fifth Oil Discovery

ERHC Energy in Process of Completing Airborne Gravity Survey in its Kenya 11-A Block; Neighboring Operators Announce a Fifth Oil Discovery

ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last two years, ERHC has acquired exploration blocks in Chad and Kenya to complement its existing offshore blocks in the Joint Development Zone offshore São Tome and Principé. On November 22, 2013, Tullow Oil (ticker: TLW) announced the Agete-1[Read More…]

November 26, 2013 - 5:33 pm 360 Articles, Discoveries, Mergers & Acquisitions, Regulatory
Afren plc Exceeds Pre-Drill Estimates by 283% in Wild Cat Discovery in Offshore Nigeria

Afren plc Exceeds Pre-Drill Estimates by 283% in Wild Cat Discovery in Offshore Nigeria

Afren plc (ticker: AFR) is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange. Afren is currently producing from its assets offshore Nigeria and Côte d’Ivoire and holds further interests in the Kurdistan region of Iraq, Ghana, Nigeria, Côte d’Ivoire, Congo Brazzaville, the Joint Development Zone of Nigeria -São[Read More…]

November 19, 2013 - 3:56 pm 360 Articles, Discoveries, Offshore
ERHC Energy Exploring in the Right Neighborhood; Adjacent to Recent Ekales-1 Well Discovery

ERHC Energy Exploring in the Right Neighborhood; Adjacent to Recent Ekales-1 Well Discovery

ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last two years, ERHC has acquired exploration blocks in Chad and Kenya to complement its existing offshore blocks in the Joint Development Zone offshore São Tome and Principé. In a recent update, ERHC reported preparations were still underway for[Read More…]

October 7, 2013 - 6:04 pm 360 Articles, Discoveries, Mergers & Acquisitions
Afren Makes Discovery Offshore Nigeria – Prospective Resources Exceed Expectations

Afren Makes Discovery Offshore Nigeria – Prospective Resources Exceed Expectations

Afren Plc (ticker: AFR) and Lekoil (ticker: LEK) jointly announced a major discovery of significant light oil accumulation at the Ogo-1 well located on the OPL 310 license offshore Nigeria. Today’s discovery confirms the extension of the same Cretaceous sandstones that have shown-way for other significant discoveries along the West African Transform Margin. Well Details The Ogo-1 well was drilled[Read More…]

June 27, 2013 - 4:46 pm 360 Articles, Discoveries, Offshore

Harvest Natural Resources Announces Utah Oil Discovery and Provides Update on Venezuela

Harvest Natural Resources (ticker: HNR) announced on March 16, 2010 that it had made an oil discovery in its Antelope land position in Utah’s Uintah Basin. Harvest drilled the Bar F exploration well on the northern portion of its Antelope prospect, which is located between two established oil fields, the Monument Butte field to the south and the Altamont Bluebell[Read More…]

March 31, 2010 - 6:14 pm 360 Articles, Discoveries