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Argentina: Rich Resource For Shale Oil And Gas Production

Hart Energy's newly released study, Argentine Shale: Assessment and Outlook to 2030, finds that, given supportive policies, Argentina could become one of the world's top shale and oil- and gas-producing nations.

7 Aug 2012

Texon Petroleum Commences Production at Mosman-Rockingham Olmos Well

Texon Petroleum announced that production at the newly drilled Mosman-Rockingham Olmos well called Wheeler #1 is ongoing, as the construction of production plants have been completed last week.

7 Aug 2012

Kulczyk Oil Ventures Begins Commercial Production at Makeevskoye-21 Well

Kulczyk Oil Ventures (KOV) has declared that it has started commercial production in the Makeevskoye-21 (M-21) well located in Ukraine.

7 Aug 2012

U.S. Oil + Gas Provides Details on Eblana #1 Exploration Well

U.S. Oil & Gas, a Nevada-based oil and gas exploration firm, has announced that it has completed data integration and petrophysical study of the hydrocarbon shows, downhole log and cutting samples from the Eblana #1 exploration well, which was drilled by Major Oil International, its wholly owned subsidiary.

31 Jul 2012

Grid Petroleum Provides Details on Drilling at Garcia #3 Well

Grid Petroleum, a development stage firm, declared that it has been informed by Progas Services that the Scorpion Number I drilling rig will be mobilized to the site in the coming weeks. Progas Services is the joint venture operator.

24 Jul 2012

Americas Petrogas Sets New Oil Production Record of 2830 bopd in Argentina

Americas Petrogas has declared the new daily production heights of 2830 bopd or 450 m3 per day was achieved at Medanito Sur and Rinconada Norte on July 19, 2012. Subsequent to obtaining the 25-year licence for drilling in Medanito Sur, Americas Petrogas escalated its drilling efforts.

24 Jul 2012

Beach Energy Drills Bauer-5 Well in PEL-91

Beach Energy announced that it has extended the Bauer oil field by drilling Bauer-5 in PEL-91 (Beach 40% and operator, Drillsearch 60%). Bauer-5 intercepted the main Namur target over 1 m high to prognosis at a high-grade cache/reservoir.

From Beach Energy 24 Jul 2012

49 North Resources Re-Enters Second Oil Well at Riverside Property

49 North Resources has reported that Allstar Energy, its 100% owned subsidiary, has effectively re-entered the second well at its Riverside lands, purchased by Crown in Saskatchewan. Heavy oil has been produced in the well at a steady rate of 60-70 barrels of oil per day (bopd).

23 Jul 2012

Treaty Energy Announces Initial Oil Production Results from Lakeshore #1 Well

Treaty Energy, an international energy firm, has reported preliminary results of the production from the re-worked Lakeshore #1 exploration well located in Shelby County, Texas.

23 Jul 2012

Helix Energy Solutions Group Announces Oil Discovery at Danny II Exploration Well

Helix Energy Solutions Group has declared that an oil discovery has been found at the Danny II exploration well. This well is located at the Bushwood field in Garden Banks Block 506, which is situated about 145 mi. offshore from Galveston in Texas. Over 70 ft of high-quality net pay was encountered in the Danny II exploration well.

18 Jul 2012