Although there are more than 40,000 oil and gas fields of all sizes in the world, slightly less than 80 percent of the proven reserves are concentrated in eight countries, of which only Canada and Russia are not OPEC members.
Continue reading "What Makes an Oil Deposit World Class?"
Monday, June 7, 2010
Primary Petroleum reports the appointment of Mr. P. Ted Doughty, Ph.D, P.Geol., and Mr. Peter Carwardine to Primary’s Advisory Board. Mr. Doughty is the founder of PRISEM Geosciences Consulting LLC, which provides comprehensive geological consulting services to the petroleum industry. Mr. Doughty received his B.A. degree in geology from Washington University in St. Louis in 1986 and [...]
Continue reading "Primary Petroleum adds expertise to Advisory Board"
Thursday, June 3, 2010
Primary Petroleum has focused a majority of its resources in the acquisition of prospective oil and gas acreage in Montana. The Company has a significant land position in the extension of the Alberta Basin Bakken Fairway in Western Montana. As well in Daniels County in the Williston Basin of north-eastern Montana Primary has a 100% interest in the Saturn prospect, which is approximately 50 miles NW of the Elm Coulee Bakken Field.
Continue reading "Primary Petroleum – Western Sedimentary Basin"
Wednesday, May 26, 2010
Oil and energy companies said that there will be an overage of gas supplies until 2014. There was a decrease in demand for gas due to the financial and economic crisis in 2008 so gas prices have collapsed. Jean-Jacques Mosconi, head of strategy for Total SA (TOTF.PA) is quoted saying: “Gas faces a bubble — especially in [...]
Continue reading "Companies See Two-Tier World Gas Market til 2014"
Monday, May 24, 2010
BHP Billiton (BHP.AX)(BLT.L), world’s largest mining company, is planning to drill for gas in South Africa’s West Coast. This project will pursue once they get their permits by August 2010. David van der Spuy, a resource evaluation manager at Petroleum Agency SA is quoted saying: “BHP Billiton holds the area on sub-lease under the previous legislation and [...]
Continue reading "BHP Billiton to Drill Gas in South Africa"
Friday, May 7, 2010
An oil and gas exploration and production company with assets in the Williston Basin of North Dakota and Montana and in the Green River Basin of southwest Wyoming and Colorado, Kodiak Oil & Gas Corp. (KOG) has announced its Q1 2010 financial and operational results. The report includes sales of oil & gas of $5.7 [...]
Continue reading "Kodiak Oil & Gas Corp. Q1 2010 Financial and Operating PR"
Friday, February 19, 2010
Western Potash (TSX-V: WPX) announced today that drill hole data from their potash exploration program has returned data suggesting the presence of hydrocarbons. An evaluation by a petroleum geologist suggests two formations are targets for significant natural gas. Patricio Varas, the CEO of WPX is quoted saying: The possibility of [...]
Continue reading "Western Potash Strikes Hydrocarbons"
Tuesday, November 11, 2008
By Duncan Sutherland – Exclusive to Gas Investing News Market news What else can be said about the natural gas market? Futures seem to have reached a rough stabilization in the US$6.50 – US$7.50 range, and winter approaches. Barring a major depression of the sort where people make shoelace soup, winter means more demand for natural gas. So, [...]
Continue reading "South Parse: Talking Turkey"
Thursday, November 6, 2008
By Duncan Sutherland – Exclusive to Gas Investing News Market news The high US$6 – mid US$7 NYMEX future price seems to be relatively stable given the incredible volatility of other commodities and market indices. Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it has had a [...]
Continue reading "South Parse:Warning signs"
Wednesday, September 10, 2008
LNG Energy reports that it has signed a letter of intent with Tyner Resources whereby it has agreed to transfer to Tyner all of its 15% working interest in oil and gas leases in the Palo Duro Basin. In consideration of the transfer of the interest (the “Transaction”), Tyner has agreed to issue, subject to regulatory approval, 9,378,208 common shares in [...]
Continue reading "LNG Energy signs LOI for Palo Duro assets"
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Thursday, July 15, 2010