ARC Resources Ltd. ("ARC") announced today that it estimates fourth quarter production to be approximately 100,000 boe per day. This is record quarterly production volumes for ARC and is expected to contribute to record annual production of approximately 96,000 boe per day; meeting ARC's production guidance announced with its 2013 budget.
Pioneer Energy Services today announced it has renewed its drilling contracts with Ecopetrol for all eight of its drilling rigs in Colombia effective January 1, 2014. Pioneer recently operated six rigs for Ecopetrol under contracts that expired on December 31, 2013. The renewed contracts have a one-year fixed term and a slight improvement in day rates as compared to the current contracts.
Endeavour International Corporation ("Endeavour" or the "Company") today announced an update on the current production from the first well (W1) at the Rochelle field and the timing of the start-up of the second production well (E2).
Infinity Energy Resources, Inc., an independent oil and gas exploration and development company, today announced that it has completed a 2-D seismic survey covering selected areas within the boundaries of its 1.4 million-acre oil and gas Concessions in the Caribbean Sea offshore Nicaragua.
Tethys Petroleum Limited ("Tethys"), the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce that it has received the appropriate Georgian governmental consent for the acquisition of a 56% interest in Blocks XIA, XIM and XIN (Project "Iberia") in eastern Georgia. Tethys also announced that it will exit Uzbekistan.
Madalena Energy Inc. (the "Company" or "Madalena") is pleased to announce the results of a multi-rate production test for the CAN.xr-2(h) horizontal well which is the Company's first horizontal well to be drilled on its international assets:
PetroTech Oil and Gas Inc. (the "Company" or Petrotech") today announced that they are moving forward on plans to complete three new drills on their existing Nowata lease in Oklahoma. While reworking existing wells that are now in the process, and getting the four gas producing wells into production, PTOG has decided that they are moving ahead to drill three new wells along the same line that will take approximately 90 days to complete to production, and will bring an estimated 30 bopd.
Tethys Petroleum Limited today gave an update on its operations in Kazakhstan.
Daybreak Oil and Gas, Inc., a Washington corporation, is pleased to announce the production results from its fall drilling program at the East Slopes Project located in Kern County, California.
The Bakken-Three Forks Shale Oil Innovation Conference & Expo taking place February 10-12 in Grand Forks, ND announced its preliminary agenda this week. The sessions will showcase 100+ industry experts who are currently utilizing or developing new technologies, innovations and approaches to yielding greater efficiencies in the Bakken-Three Forks shale formations.