Russia May Lower Heavy Oil Export Duty to 10%
Bloomberg reported that according to Kommersant, Russia is likely to decrease the export duty for heavy crude to 10 percent.
Archive for February, 2012
Heavy Louisiana Sweet Oils Premiums Increased
Bloomberg reported that Light Louisiana Sweet and Heavy Louisiana Sweet oils premiums increased after the gap between WTI and Brent widened.
U.S. Natural Gas Rose 9.7% Due to Cooler Weather Forecasts
Reuters reported that U.S. natural gas rose 9.7 percent due to cooler weather forecasts.
Aroway Energy File 2011 Interim Financial Statements
Aroway Energy Inc. (TSXV:ARW) has filed the interim financial statements for the period that ended December 31, 2011.
Brownstone Energy: Operational Update on Colombian Operations
Brownstone Energy Inc. (TSXV:BWN) provided operational update on its Colombian operations.
Open Range Energy Reports 1,350 Barrels of Oil at Montney Well
Open Range Energy Corp. (TSX:ONR) reported 1,350 barrels of light oil from the Montney horizontal well at Waskahigan.
Oil Dropped 78 Cents Due to Crude Oil Inventories Rise
Reuters reported that oil dropped 78 cents as due to an increase in crude oil inventories.
Pennant Energy Inc. Reaches Agreement with its Partners to Pool Bigstone Lands
Pennant Energy Inc.(TSXV:PEN) has reached an agreement with its partners to pool a single section of the Bigstone property lands. The pooling of the land will help develop utilization to reach horizontal wells. Drilling is expected to commence on March 2nd.
Blackbird Energy, Trilogy Energy & TAQA North Enter Into Pooling Agreement on Montney Lands
Negotiations have been completed and the “Cross-Conveyed Pooling and Participation Agreement” has been signed to pool the P&NG rights in the Triassic Montney formation held by Blackbird Energy Inc. (TSXV:BBI) and partners. Blackbird will hold an undivided 12.5% pooled interest in the Pooled Lands and will participate as to a 12.5% working interest in the development of the Pooled Lands, which may potentially include drilling up to four extended reach Joint Wells on the Pooled Lands.
Primary Petroleum Sells Non-Core Assets for $3,400,000
Primary Petroleum Corporation(TSXV:PIE) announced updates on the Saturn Prospect in Daniels County after the completion of its annual review of non-core assets. The Company approved the divestiture of the Saturn Prospect for $3,400,000. Primary Petroleum is focusing on its Southern Alberta Basin prospect for the remainder of 2012.
