People & Companies - February 07, 2018Pengrowth Energy named Randy
Steele COO. He joined Pengrowth
in 1998 and is currently conventional
operations SVP. Additionally, thermal
operations SVP Steve De Maio will
be departing the company in midMarch.
De Maio joined Pengrowth in
2010 to oversee the development of the
Lindbergh SAGD project. Iron Bridge Resources named
Marshall Abbott to the board. He
was trained as a geologist by Texaco,
and subsequently worked for
Morrison Petroleum and Stampeder
Exploration where he was...
Feb 07, 2018
People & Companies February 02, 2018CGX Energy, a subsidiary of
Frontera Energy Corp, has accepted the
resignation of its CEO, Dewi Jones, and
announced that Suresh Narine will act as
interim CEO. Jones was CEO
since April 2013 and prior to
that, was EVP of exploration.
Narine serves as Head of Alberta Lipid
Utilization Program at the University of
Alberta and is a consultant with ADM,
Bunge and Cargill. Ikkuma Resources Corp. named
John van de Pol as the company’s SVP and
CFO, effective Jan. 15. Kim Benders, the
interim...
Feb 02, 2018
BNK raises $14MM for Oklahoma E&P - November 14, 2016BNK Petroleum Inc. sold 70 million shares at C$0.20 each to gross $14 million through a syndicate led by GMP FirstEnergy and Haywood Securities that included Macquarie. Proceeds will help fund exploration and development of its Tishomingo Field in Oklahoma. BNK is an international oil and gas company headquartered in Camarillo, California, trading on the Toronto Exchange and operating in North America and Europe. Directors and officers bought 4.68 million of the shares. CEO Wolf Regener said...
Nov 14, 2016
BNK Petroleum to test second zone at Pickens wildcatBNK Petroleum (US), Inc., located in Camarillo, California, is preparing to test a second zone at a Paleozoic wildcat one mile northeast of Clark in northwestern Alabama's Pickens County. The No. 26-12 Lee, located in NW SW Section 26-24N-3W, has been plugged back to 7,050 feet. At the latest report the company was preparing to perforate a second zone. The well was drilled originally to a depth of 8,014 feet. Shows were logged and a string of 5.5-inch casing was run to the...
Jan 10, 2011
Pickens County Test awaits completion rigBNK Petroleum (US), Inc., is waiting on completion rig at a Paleozoic wildcat one mile northeast of Clark in northwestern Alabama's Pickens County. The No. 26-12, located in NW SW Section 26-24N-3W, was drilled to a depth of 8,014 feet. String of 5.5 inch casing was run to 8,005 feet for evaluation of undisclosed shows. Basin Drilling Co., Aberdeen, Miss., handled the contract. Site of the wildcat is approximately 25 miles southwest of gas production at Sneads Creek Field. On the same...
Oct 11, 2010
Production pipe run at Pickens Wildcat by BNK PetroleumBNK Petroleum (US), Inc. has run production casing at a Paleozoic wildcat one mile northwest of Clark in northwestern Alabama's Pickens County.The No. 26-12 Lee, NW SW Section 26-4N-3W, was drilled to 8,014 feet. Undisclosed shows were logged in in the wildcat and string of 5 ½-inch casing was run near total depth for evaluation. Basin Drilling Co., Aberdeen, Miss., handled contract for drilling. Site of the wildcat is approximately 25 miles southwest of gas production...
Aug 02, 2010
BNK begins Wildcat in Pickens CountyBNK Petroleum (US), Inc., Camarillo, California, has begun operations at a Paleozoic wildcat one mile northeast of Clark in north-western Alabama's Pickens County.Drilling is proceeding below 1970 feet at No. 26-6 Lee, SE NW Section 26-24N-3W. Basin Drilling Co., Aberdeen, Miss., is handling the contract. The well, announced in January, is located approximately 25 miles southwest of gas production in Sneads Creek Field.At southwest offset to the current test,...
Jun 28, 2010
A one, and a twoWhile ExxonMobil, ConocoPhillips, Marathon Oil and Chevron are the big names at work in Poland, there is also plenty of room for less well-known players, too. And BNK Petroleum Inc. is one of them.
BNK also seems to fit the model American firm as suggested by Polish authorities, with a considerable background in shale gas exploration and development.
"BNK Petroleum, Inc.'s strategic objective is to maximize the value of its US shale and tight gas assets, while acquiring large...
Mar 15, 2010
BNK plans Fracture at Paleozoic Wildcat in Pickens CountyBNK Petroleum (US), Inc., located in Camarillo, California, plans to fracture a Paleozoic wildcat eight and one-half miles southwest of McShan in northwestern Alabama's Pickens County.The No. 30-15 Hickman Farms, SW SE Section 30-20S-16W, was perforated at 4,136-98 and 4,708-18 feet. The zone was swabbed before decision was made to fracture. The company earlier perforated at 5,295-5,308 feet. This zone was also fractured below hole was plugged back for further...
Feb 22, 2010
Pennsylvanian Test Scheduled by BNK in Pickens CountyBNK Petroleum (US), Inc,. located in Camarillo, California, has scheduled a Pennsylvanian wildcat one mile northeast of Clark in northwestern Alabama's Pickens County. The company has permitted the No. 22-6 Lee, SE NW Section 26-24N-3W. A depth of 8,200 feet is scheduled with contractor not presently known. Site of the wildcat is approximately 25 miles southwest of gas production in Sneads Creek Field. At southwest offset to the new location, Sonat, Inc. and Geo-chemical...
Jan 25, 2010
CM - News Briefs - April 24, 2020BNK Petroleum Inc.’s US subsidiary now has a $23.5 million borrowing base on its revolving line of credit after redetermination. The company, dual listed on the OTC and Toronto Stock Exchange, also said it made a $3 million principal payment on the revolver and will bring it down to $21 million by November. BNK expects $5.7-6.5 million in funds flow assuming $22-$35/bbl oil prices. Ring Energy, Inc. expects to pay down amounts on its senior credit facility with the $31.5 million of...
Apr 24, 2020
JV & Farm-Out Briefs - August 27, 2013• US and European shale explorer BNK Petroleum added 1,200 net acres at its Caney shale project at Oklahoma's Tishomingo field through recent drilling and completion operations under its farm-in agreement. As of the company's July 18 operational report the Barnes 6-3H well was undergoing flowback, the Dunn 2-2H was being fracked and the Hartgraves 5-3H was about to spud. BNK holds 100% WI in all three wells and now holds 12,200 net acres targeting the Caney at Tishomingo.• Hess and...
Aug 27, 2013
February E&P Briefs (38 short stories)- Allied Energy (Bowling Green, KY) said the Allied Howard #2H in Grimes Co., TX, reported initial production of ~4 MMcf/d. The Allied Howard #1H continues to produce 1.8 to 2 MMcfe/d. The company expects combined production from the two wells will stabilize at ~5.6 MMcfe/d at least for the short term.
- American Petro-Hunter said December production from its #1 and #3 Lutters wells in Trego Co., KS totaled 830 barrels of oil, up ~20% from November sales despite cold weather.
- Arkanova...
Jan 31, 2011
E&P Briefs- Adridge Operating Co. LLC, in Natchez has reestablished production for Armstrong Field in SW Mississippi’s Adams Co.
- Alamo Energy entered into a well re-entry program with Allied Energy on its Dillon 1 in Pleasants Co., West Virginia. The Dillon 1, located on ~204.4 acres, was originally drilled to ~3,600 ft. with first production in 1985 from the lower Huron Shale. The well did not target shallower zones known to be oil bearing. The cumulative production from the recompleted well may be...
Sep 13, 2010
A&D News Briefs (Short Stories; Jun 14, 2010)- A sub of BNK Petroleum entered into an agreement with Wells Fargo Energy Capital Inc to buy out an ORRI and net profits interest in the company's Tishomingo gas field in Oklahoma for $12 million. Oil, natural gas and natural gas liquids production comes from the Woodford Shale.
- The Beard Company purchased an additional ~7.5% WI in the Dilworth Field in Kay Co., Oklahoma. Consideration was ~$900,000. The transaction boosts the company's stake to ~17.5%.
- Caza Oil & Gas has successfully...
Jun 14, 2010