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Monday, May 23, 2016

Kalnin Ventures closes Marcellus asset acquisition

Kalnin Ventures LLC today announced it has closed the purchase of a 29.4 percent stake from Range Resources - Appalachia, LLC in the Chaffee Corners Joint Exploration Agreement, an operation in the Marcellus shale of Pennsylvania, on behalf of its investor Ban ...

DJ Basin beats 'Big Three' plays on the commerciality of the fracklog

The heart of the DJ Basin, Weld County, exhibits the most commercial fracklog with an average completion cost per barrel of 4.7 USD/bbl, a study by Rystad Energy has shown. Simultaneously, Weld County also tops the ranking list by inventory size with almost 6 ...

Porter's Five Forces Model for the Oil & Gas Industry

Porter's Five Forces framework is one useful strategic tool to evaluate potential opportunities and threats/risks for the oil and gas industry. The five key factors of this model are: Competitive rivalry Threat of New Entrants Threat of Substitutes Bargaining ...

United States remains largest producer of petroleum and natural gas hydrocarbons

Source: U.S. Energy Information Administration The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2015, according to U.S. Energy Information Administration estimates. U.S. petroleum and natural gas production fir ...

Rangeford Resources announces appointment of President and Chief Operating Officer

Rangeford Resources, Inc. (OTCQB:RGFR). Rangeford Resources, Inc. announced the appointment of Marc L. Duncan as President and Chief Operating Officer. Mr. Duncan previously served as President and Chief Operating Officer of Contango Oil and Gas and subsidiar ...

Oil price, Andes Energia, Europa/Union Jack, Sundry-Petroceltic-Lansdowne-And finally...

Oil price It's not just because oil didnt break $50 last week but at these prices it certainly seems that some sort of equilibrium has been reached, at least in the short term. Last week was another up week for crude, WTI rose 3.3% whilst Brent only gained 1. ...

Andes Energia announces final results for 2015

The Board of Andes Energia is pleased to report final results for the year ended 31 December 2015. OVERVIEW Year ended 31 December 2015 2014 US$m US$m Revenue 66.8 48.2 Operating profit 2.8 *5.5 EBITDA 16.8 *8.8 Net cash generated from operatin ...

Saudi Arabia is planning for the post-oil era, why not the United States?

The world's largest exporter of crude oil, the Kingdom of Saudi Arabia, recently announced a plan for its post-oil future. If a country almost synonymous with the oil economy can see the need for such a plan, how can the rest of the world, particularly the Uni ...

Wintershall completes drilling of wildcat wells 35/8-6 S and 35/8-6 A

Wintershall Norge AS, operator of production licence 248, has completed the drilling of wildcat wells 35/8-6 S and 35/8-6 A. The wells were drilled about five km northwest of the Vega field in the North Sea and 150 km northwest of Bergen. The purpose of both ...

Petroceltic provides Ain Tsila development driling update

Petroceltic International plc (AIM: PCI), the oil and gas exploration, development and production company focused on North Africa, the Mediterranean and Black Sea regions, issues an operational update on development drilling on the Ain Tsila gas and condensate ...

African Petroeum announces retirement of Non-Executive Chairman and appointment of replacement

The Board of African Petroleum announces that Mr Charles Matthews, Non-Executive Chairman, is retiring as Chairman and Non-Executive Director effective from today in order to pursue other business interests. Dr David King, currently serving as a Non-Executive ...

Statoil announces cancellation of Hercules drilling rig contract with Seadrill

Statoil has, on behalf of the Aasta Hansteen licence, decided to cancel the contract with Seadrill for the West Hercules drilling rig. On contract with Statoil since 31 January 2013, the rig has carried out an exploration campaign offshore Newfoundland in Can ...

Europa Oil & Gas announces farm-out of Holmwood, Weald Basin

Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focused on Europe, is pleased to announce it has signed a Farm-Out Agreement in relation to its 40% interest in the PEDL143 licence in the Weald Basin w ...

Highlands Natural Resources signs licence agreement with Calfrac to commercialise DT Ultravert

Highlands Natural Resources, the London listed oil and gas company, is pleased to announce that it has signed a licence agreement with Calfrac Well Services Corp. ('Calfrac'), a leading pressure-pumping provider in the US, in relation to Diversion Technologies ...
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