Saturday, July 25, 2026

International Frontier Resources Prepares for 2017 Drilling Program in Mexico

International Frontier preps for Tecolutla workovers in the near-term and new drilling in Q3 Calgary-based International Frontier Resources (ticker: IFR) announced its fourth quarter and year-end operating results for 2016 Wednesday. In the company’s release, IFR said it anticipates its Mexican joint venture, Tonalli Energia, will begin wellhead servicing in preparation for workover of existing wells on its Tecolutla acreage

Hess Offshore Projects to Add 35 MBOEPD by Early 2018

Bakken well costs decrease, productivity increases Hess Corporation (ticker: HES) reported first quarter results today, with a net loss of $324 million, or ($1.07) per common share. This improves the $509 million loss the company reported in Q1 2016, and is vastly better than the $4.9 billion loss in Q4 2016. Bakken production exceeding expectations Hess produced an average of

Tamarack Valley Energy canada-flag-3 Oil & Gas 360

Tamarack Valley Cranks Up the Viking: 35 Wells Drilled in 2017 So Far

Tamarack Valley Energy’s accelerated development of its acquired Viking assets is already moving the needle—acquisition immediately added 6,250 BOEPD; TVE production 19,750 BOEPD exiting Q1 Tamarack Valley (ticker: TVE) released its fourth quarter and year-end results for 2016 on March 23, achieving a record quarterly production of 11.5 MBOEPD. The company also reported a 5% increase per fully diluted share

Everything Keeps Getting Bigger in Texas: No Slowing Permian Basin Growth Spurt

Permian produces 45% of lower 48 onshore oil – half of all rigs are in the Permian Crude oil production from the Permian Basin is expected to grow to 2.4 MMBOPD in May, according to a note released by the EIA today. Since January 2016, production in the Permian has increased all but three months, despite low crude prices. Oil