June land sale in Saskatchewan brings in $9.6 millionThe June sale of petroleum and gas rights in Saskatchewan brought in $9.6 million in revenue for the province. YTD revenue from the three land sales held so far in 2013 totals $29.3 million.The Weyburn-Estevan area received the most bids in the latest sale, totaling $7.9 million. The Lloydminster area was next at $1.4 million, followed by the Kindersley-Kerrobert area at $208,370 and the Swift Current area at $139,326."We have seen production in the Bakken area reach 69,000...
Jun 06, 2013
Clayton Williams to divest Breton Sound interestsClayton Williams Energy Inc. is offering for sale its non-operated interests in two Federal leases, Breton Sound Blocks 41 and 39,offshore Louisiana. Block 41 has four active producers and one proven behind-pipe recompletion, and nine 3P drilling opportunities. Block 39 is a primary term lease with an exploitattation prospect analogous to Block 41. The advisor is Tristone Capital (formerly Petroleum Place Energy Advisors).
Current net sales are ~3.4 MMCFeD (84% gas), generating net cash...
May 25, 2005
International Briefs - January 17, 2013• Greenfields Petroleum Corp. said Bahar Energy Operating Co., the operating company for Bahar Energy Ltd. in which Greenfields owns a 33.3% interest, has begun operations with two new rigs. One is drilling in the Gum Deniz oil field and the other is performing workovers at the Bahar gas field, both offshore Azerbaijan. Bahar's production for November averaged 3,608 boepd (1,131 boepd net to Greenfields), with year-to-date production averaging 3,434 boepd (1,087 boepd net to...
Jan 17, 2013
Drilling Briefs - February 03, 2012• Arcis Seismic Solutions has begun field operations on a Campbell Creek 3D seismic participation survey in the Wapiti Area of northern Alberta. The program is still open for subscription. Geologically, the area possesses multiple zones for exploration and development from the Upper Cretaceous to the Lower Devonian. Parameters are designed to image all zones and provide suitable offset and azimuthal distribution to allow application of higher order processing and reservoir applications.
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Jan 29, 2012
Discoveries & Drilling Briefs (October 2008; >10 Stories)Action Energy Inc. drilled a 100%-WI vertical exploration well at Lake Alma in SE Saskatchewan in Q1 and the well started producing in late February at a rate of 40 BPD. In Q2, the Company drilled a step out horizontal well immediately adjacent to the initial vertical well. This well was completed and tied in during the month of June and came on production in July at between 100 and 120 BPD.
Anterra Energy has commenced drilling of the first Lower Shaunavon horizontal well in its resource...
Oct 25, 2008