Wednesday, March 2, 2011

Companies showed less interest in Alaska Cook Inlet lease sale; “Oil depleted only natural gas available” - Is this the impact of low gas prices globally???

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The US Interior Department has cancelled leasing offshore tracts in Alaska's Cook Inlet that was tentatively scheduled for later th...

Gazprom finally grabs Kovykta for $771 million!!! Is Kovykta there in Gazprom’s near term development list??

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Gazprom has acquired the assets of RUSIA Petroleum for about 22.6 billion rubles ($771 million), or 50% more than the auction starting pric...

Goodrich Petroleum reported annual year 2010 results; Production up 13% over 2009; Plans to invest $235 million in 2011 with 62% of CAPEX allocated to Eagle Ford Shale Trend

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Goodrich reported 13% increase in 2010 production over the last year to 8.9 bcf, or an average of 97,100 Mcfepd. Production from the Haynes...
Tuesday, March 1, 2011

Vertex to shell out $120M for Shell's Niger Delta block

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Vertex Energy made Shell an offer it could not refuse for the acquisition of swamp Block OML 40, effectively removing the licence from ...

Linn Energy enters Bakken Shale and adds Permian oil assets to its portfolio in a $434 million deal

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Linn Energy agreed to acquire oil properties for a total combined contract price of $434 million in three separate deals. One acquisition ...

North American shale plays by location and maturity

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Key US shale plays: •        Barnett Shale in Texas, dry and wet gas zones, combo area with oil/condensate as well •        Fayette...

PDC Energy announced 2010 year-end results; Production down 9.6%; Plan to invest $233 million in 2011

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PDC’s annual 2010 production from continuing operations was 37.6 Bcfe down 9.6% compared to 41.6 Bcfe of production from continuing operatio...