Shale fracking rebound starts with costlier grains of sand
The oilfield service companies that supply everything from sand to sophisticated robot rigs are seeking a new lease on life as America’s fracking fortunes begin to turn.
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PGS completes seismic for Woodside offshore Ireland
Petroleum Geo-Services said it has completed a seismic acquisition program in the norther Porcupine Basin for Woodside Petroleum.
Texas shale drillers lure $2 billion in new equity to Permian
Oil producers in West Texas, defying expectations they would fall victim to OPEC’s price war, are instead selling investors on the idea that they can still profit with prices below $35 a barrel. Drillers in the Permian Basin, the biggest US shale field, have raised at least $2 billion from share sales over the past eight weeks. And more issuances are on the way as producers try to avoid piling on additional debt.
Oil Basins confirms it will remain as operator in Derby onshore block
The directors of Oil Basins Limited said the company has not resigned its operatorship of one of its onshore permits.
Black Stallion acquires full interest in Alberta basin stake
Black Stallion Oil and Gas has acquired the remaining 50% working interest in the Woodrow Prospect in the Alberta basin. The company now holds a 100% working interest in the prospect in Montana. Black Stallion said the prospect could offer multiple opportunities for possible success in oil and gas production across targets at shallow depths.
Petroamerica hits oil pay in Llanos Basin
Petroamerica Oil has completed a stabilized test rate of 760 barrels of oil per day at its Langur-1X exploration well in the Llanos Basin of Colombia. The company said the LLA19 block was cased to evaluate 14.5feet of Gacheta Coil pay. Two intervals were perforated and the well was tested for 15 days under flow-assistance by coiled tubing and nitrogen.