Post Tagged with: "Operator"

GeoPark Production Moves to 35 MBOEPD

GeoPark Production Moves to 35 MBOEPD

Latin American E&P operator GeoPark Limited (ticker: GPRK) released a production update today, noting that current production is currently at 35 MBOEPD. This figure includes production from the recent Argentina acquisition. Oil production increased by 33% to 27,345 BOPD (up 8% compared to Q4 2017) Colombian oil production increased by 37% to 26,303 BOPD (up 8% compared to Q4 2017) Gas production increased by 3% to 29.1 MMcf/d (down 9% compared to Q4 2017) Oil production increased by 33% to 27,345 BOPD (up 8% compared to Q4 2017) Colombian oil production increased by 37% to 26,303 BOPD (up 8% compared to Q4 2017) Gas production increased by 3% to 29.1 MMcf/d (down 9% compared to Q4 2017) In Columbia, the Tigana Norte 6, Tigana Norte 7 and Jacana 20 development wells have been drilled, tested and put on production, adding approximately 3,000 BOPD gross in the Llanos 34 block (GeoPark[Read More…]

Aurora Oil & Gas Limited: 40-Acre Eagle Ford Operated Program Underway

Aurora Oil & Gas Limited: 40-Acre Eagle Ford Operated Program Underway

Aurora Oil & Gas Limited (ASX: AUT, TSX: AEF) is a Perth- and Houston-based oil and liquids company with operations solely in the Eagle Ford Shale trend of South Texas. Aurora has 79,700 gross (21,800 net) acres in the “tri-county” area of Karnes, Live Oak and Atascosa Counties, Texas. The company exited 2012 producing approximately 13,850 net BOEPD. Traditionally, Aurora has been a non-operator in the Eagle Ford participating in more than 298 wells with Marathon Oil (ticker: MRO). However, during February 2013, Aurora made its first foray into operatorship by purchasing 100% working interest in 2,700 net HBP acres for $117.5 million in the tri-county area. Operating Program Ahead of Development Schedule  The Nabors (ticker: NBR) F08 drilling rig spud Aurora’s JP Heard Bower #19H operated well on May 31, 2013 ahead of the company’s initial Q3’13 target. Two adjacent wells will be drilled on the same pad location[Read More…]

June 3, 2013 - 12:53 pm Oil and Gas 360 Articles
Emerald Oil: Capital to Finance Ongoing Transformation

Emerald Oil: Capital to Finance Ongoing Transformation

Emerald Oil, Inc. (ticker: EOX) is a new Oil & Gas 360® profiled company. For readers not familiar with EOX, this oil weighted producer is an exploration and production company focused primarily on the development of its 51,000 net acre position in the Williston Basin of North Dakota and Montana. They are currently transitioning from a non-operated model to an operated model most recently evidenced by the recent merger between Voyager Oil & Gas and Emerald Oil, Inc. The company believes its footprint in the basin is prospective for the oil prone Bakken and Three Forks formations. The majority of its capital during 2013 will be spent to grow its existing production in the Williston through its operated and non-operated drilling program which we will outline below. In addition to the Williston Basin, we believe Emerald holds two additional longer term catalysts for growth: the Sand Wash Basin, and the[Read More…]

February 5, 2013 - 9:22 pm Finance, Midstream, Oil and Gas 360 Articles