Pacific Energy & Mining Co., Reno, Nev., (Pink Sheets: PEMC) plans to acquire the oil and gas assets of Colorado Utah Natural Gas Inc., Salt Lake City, for an undisclosed amount of stock and assumed debt. Colorado Utah Natural Gas has assets
in the Uinta Basin in Utah. Net proved reserves as of Sept. 30, 2005, are 17.7 billion cubic feet of gas equivalent.
April US Shale Production Set to Rise to Highest Since December 2019
2023-03-13 - Crude output in the Permian Basin in Texas and New Mexico, the biggest U.S. shale oil basin, is expected to rise to 5.62 MMbbl/d. Though that would be a record high, oil output from the region is expected to gain by 26,000 bbl/d from the previous month, it’s also the smallest increase since last December, the data showed.
Afentra Aims to Get More Black Gold Out of Brownfields
2023-01-24 - Former Tullow Oil CEO Paul McDade is leading a new company, Afentra, aimed at rejuvenating mature West Africa oil fields.
Equinor Buys Stakes in Norway Oil, Gas Finds from Wellesley
2023-03-01 - Equinor's transactions will fortify its position along the Norwegian continental shelf "exploration hotspot."
PetroChina Completes Drilling Asia's Deepest Oil Well in Sichuan Province
2023-02-13 - PetroChina's Pengshen 6 well was drilled to a depth of 9,026 m near Mianyang in China's Sichuan province.
Inside Comstock’s North Houston ‘Western Haynesville’
2023-02-23 - Comstock Resources is putting modern horizontals and frac jobs into the deep Bossier, long known to be a super-stocked natgas tank. It’s looking like the new recipe works.