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 having sizable natural gas pools [...]
U.S. oil and natural gas drilling activity dropped to 2004 levels in the first quarter, the American Petroleum Institute said Wednesday. For full story, click here
Range Resources Corp, the Texas company that has drilled 68 wells in the Mount Pleasant township, requires millions of gallons of water for “hydrofracking,” a process that forces a chemical-laden solution deep into the rock, allowing natural gas to be released. For more information, click here
Devon Energy Corp. (DVN) will dial down drilling activity in 2009 and focus on long-term projects in anticipation of rebounding energy prices, its chairman and chief executive said. For full story, click here
Petrolia Drilling ASA announced that its, with reference to the announcement dated June 13, 2008 regarding the completion of a private placement of 13,430,000 new shares. For full story, click here
Pantera Drilling Income Trust announced that it has completed its previously announced rights offering. For full story, click here
Friendly Energy Exploration. said that it has acquired 10 natural gas drilling sites and optioned forty additional sites located in the Molly Murphy Gas Field, Crockett County, Texas. For full story, click here
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 [...]
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 [...]
Reece Energy Exploration Corp announced that it has participated in the drilling & completion of 3 (0.5 net) Bakken wells in the Forget field in SE Saskatchewan. For full story, click here For company’s website, click here
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