Archive for January, 2012

PetroQuest Grows Proved Reserves to Company Record Levels; New Plays Offer Liquids Potential During 2012

PetroQuest Energy, Inc. (NYSE: PQ) announced its estimated proved reserves and production volumes for the full-year 2011.

During 2011, PQ grew its proved reserves 37% YOY to 265 Bcfe (61% proved developed) and reported its PV-10 is approximately $341.3 million. …

January 31, 2012 - 4:08 pm Oil and Gas 360 Articles
U.S. Energy Sells 75% of its Undeveloped Acreage in its Zavanna Drilling Program; Continues its Shift to the Eagle Ford

U.S. Energy Sells 75% of its Undeveloped Acreage in its Zavanna Drilling Program; Continues its Shift to the Eagle Ford

On January 26, 2012, U.S. Energy Corp. (NASDAQ: USEG) announced that it completed the sale of an undivided 75% of its undeveloped leasehold in McKenzie County, North Dakota to GeoResources, Inc. (NASDAQ: GEOI) and Yuma Exploration and Production Company, Inc. …

January 26, 2012 - 2:07 pm Oil and Gas 360 Articles

RANGE SIGNS SECOND ETHANE AGREEMENT

RANGE SIGNS SECOND ETHANE AGREEMENT

January 26, 2012 - 11:00 am 360 Company Releases
Sanchez Energy Drilling Ahead in the Eagle Ford

Sanchez Energy Drilling Ahead in the Eagle Ford

Sanchez Energy Corp. (NYSE: SN) is a pure-play Eagle Ford exploration and production company with 91,000 net acres in the oil and volatile windows of the Eagle Ford shale play.

SN’s 2011 year-end reserve report prepared by Ryder Scott showed …

January 25, 2012 - 9:56 pm Analytics, Oil and Gas 360 Articles

BRS Resources Targeting Po Valley Potential; Third Party Firm Estimates 17.81 Bcf in 3P Recoverable Resource on One Permit Area

BRS Resources (TSX.V: BRS) announced its third party National Instrument 51-101 compliant report estimates as of October 31, 2011, BRS’ total recoverable reserves (1P, 2P, and 3P) across the 61,628 acre Corte dei Signori (CDS) permit area in the Po …

January 24, 2012 - 4:05 pm Oil and Gas 360 Articles

Samson Oil & Gas Installs New Pump on Defender US 34 Niobrara Well and Niobrara Oil Cut Increases

On January 23, 2012, Samson Oil & Gas (ticker: SSN) announced a replacement pump has been installed on the Defender US 34 well, the company’s first of two potential horizontal Niobrara test wells in the company’s Hawk Springs project area. …

January 24, 2012 - 2:39 pm Oil and Gas 360 Articles

RANGE’S PROVED RESERVES INCREASE TO 5.1 TCFE

RANGE’S PROVED RESERVES INCREASE TO 5.1 TCFE

January 23, 2012 - 11:00 am 360 Company Releases
Sanchez Energy Exits 2011 Producing at 1,350 BOEPD Net; Increased Proved Reserves 118% Year-Over-Year

Sanchez Energy Exits 2011 Producing at 1,350 BOEPD Net; Increased Proved Reserves 118% Year-Over-Year

Sanchez Energy Corp. (NYSE: SN) disclosed its production and operational highlights for fiscal year 2011. SN exited 2011 producing nine wells (seven in the Eagle Ford) at 1,350 BOEPD net (80% oil) with two additional Eagle Ford wells awaiting completion. …

January 17, 2012 - 10:04 pm Oil and Gas 360 Articles

RANGE ACHIEVES RECORD PRODUCTION

RANGE ACHIEVES RECORD PRODUCTION

January 17, 2012 - 11:00 am 360 Company Releases