Yahoo! Canada Finance: Oil & Gas Drilling & Exploration Industry News

Austral Pacific Reports Results of A6 Well Drilling and Notification of Waihapa Production Station Temporary Shut Down

Sat, 05 Jul 2008 00:23:36 GMT

CNW Group - Austral Pacific Energy Ltd. (TSX-V: APX; NZSX: APX)

TAG Oil Provides Drilling Update

Fri, 04 Jul 2008 20:39:21 GMT

CNW Group - TAG Oil Ltd. (TSX-V: TAO/ OTCBB: TAGOF), announces that the drilling of the Cheal A6 well reached a total depth of 1930 meters on June 26th, 2008.

Antrim Energy Drills Successful Development Well at Causeway, UK North Sea

Fri, 04 Jul 2008 15:51:05 GMT

Marketwire - Antrim Energy Inc. ("the Company") (TSX:AEN) (LSE:AEY), an international oil and gas exploration and production company, today released drilling results from its Causeway well 211/23d-18 (Antrim 65.5%) in the UK North Sea.

Canadian Mining Completes Bullard Pass NI 43-101 & Plans Fall Drill Program

Fri, 04 Jul 2008 13:01:20 GMT

CNW Group - Canadian Mining Company Inc. (the "Company") is pleased to report that a NI 43-101 has been completed by Dr.

Atwood Oceanics Announces Conditional Exercise of Option to Build Ultra-Deepwater Semisubmersible Drilling Unit With Jurong Shipyard

Thu, 03 Jul 2008 17:09:32 GMT

PRNewswire - Atwood Oceanics, Inc. (Houston based International Offshore Drilling Contractor) (NYSE: ATW) announced today that its wholly-owned subsidiary, Atwood Oceanics Pacific Limited, conditionally exercised an option to construct an ultra-deepwater semisubmersible drilling rig to be built based on the Friede & Goldman Ex-D Millennium Dynamically Positioned Semisubmersible rig design with Jurong Shipyard Pte. Ltd. ("Jurong") in Singapore and is presently negotiating a construction contract for such rig with Jurong.

Zapata Commits to Drill Deep Test Well

Thu, 03 Jul 2008 13:00:15 GMT

Marketwire - Zapata Energy Corporation (TSX VENTURE:ZCO) has committed to drill a deep test well to earn all rights on 14 sections of land in northwest Alberta.

Patterson-UTI Reports Drilling Activity for June 2008

Wed, 02 Jul 2008 10:45:08 GMT

PRNewswire - PATTERSON-UTI ENERGY, INC. (Nasdaq: PTEN) today reported that for the month of June 2008, the Company had an average of 253 drilling rigs operating, including 248 rigs in the U.S. and 5 rigs in Canada.

Diamond Offshore Drilling, Inc. Schedules Conference Call/Web Cast for Second-Quarter 2008 Results

Tue, 01 Jul 2008 20:07:27 GMT

Business Wire - Diamond Offshore Drilling, Inc. (NYSE:DO) announced today that it will issue a press release and host a conference call and web cast related to its second-quarter operating results on Thursday, July 24, 2008.

Zion Oil & Gas Announces Results of Its Seismic Acquisition Program and Selection of Zion's First Drill Site in Its Asher-Menashe License Area

Tue, 01 Jul 2008 12:54:30 GMT

Business Wire - Zion Oil & Gas, Inc. (AMEX: ZN) of Dallas, Texas and Caesarea, Israel, announced that the company’s geological team recently completed the processing of seven seismic lines (totaling over fifty two kilometers) acquired last winter and also the reprocessing of an additional ten seismic lines (of over one hundred and ten kilometers) in two prospective areas.

Samson Oil & Gas to Drill a Bakken Formation Well in North Dakota

Mon, 30 Jun 2008 23:00:25 GMT

Business Wire - Samson Oil & Gas currently produces around 100 BOPD (gross) from a horizontal well placed in the Bluell Formation of the North Harstad oil field which is located in the central part of the Williston Basin.

Emvelco Announces That Subsidiary Davy Crockett Gas Company Will Commence Drilling of First Well

Mon, 30 Jun 2008 16:32:34 GMT

Business Wire - Emvelco Corp. (OTCBB: EMVL) announced this week that its wholly owned subsidiary, Davy Crockett Gas Company, LLC (the “Company”), has ordered the drilling of its first well in the Wolfcamp Canyon Field through Ozona Gas Group, LLC (“Ozona”). Ozona, as an operator, has experience in drilling, producing and selling natural gas.

SH Energy and Chemical, Ltd. and Source Rock Energy of Arkansas, LLC Enter Into a Transaction to Drill the Fayetteville Shale Play in Arkansas

Mon, 30 Jun 2008 12:15:19 GMT

PRNewswire - Prime Income Asset Management today announced that SH Energy and Chemical, Ltd., based in Seoul, South Korea has acquired the mineral rights to 3,000 acres in Van Buren County, Arkansas from Source Rock Energy of Arkansas, LLC to begin drilling the Fayetteville Shale. The first drilling project will involve a proposed two-well simulfrac with approximately 3,000-foot laterals at an anticipated depth of 1,700 feet each. The drill pad construction is complete for the first well and a proposed start date is scheduled for on or about June 30, 2008. Drill pad construction is also currently underway for the second well.

Heritage Oil Provides Kingfisher-2, Uganda Drilling Update

Mon, 30 Jun 2008 06:01:01 GMT

CNW Group - Heritage Oil Limited (LSE: HOIL), an independent upstream exploration and production company, is pleased to announce that the Kingfisher-2 exploration and appraisal well in Block 3A, Uganda, has currently reached a drilled depth of 2,922 metres.

Drilling update Sukkur Block, Pakistan correction

Fri, 27 Jun 2008 21:14:20 GMT

CNW Group - International Sovereign Energy Corp. (the "Company") would like to make a clarification to the June 2, 2008 press release entitled "Drilling Update Sukkur Block, Pakistan" at the request of the Alberta Securities Commission.

American Stock Exchange Accepts Pioneer Drilling's Continued Listing Plan

Fri, 27 Jun 2008 19:14:08 GMT

PRNewswire - Pioneer Drilling Company (Amex: PDC) announced today that it has been notified by the American Stock Exchange ("AMEX") that AMEX has accepted the Company's plan to regain compliance with the AMEX continued listing standards and that the Company's listing will be continued pursuant to an extension.

Grey Wolf Board Rejects Third Unsolicited Offer from Precision Drilling Trust and Reaffirms Commitment to Strategic Merger with Basic Energy Services

Fri, 27 Jun 2008 13:08:44 GMT

Business Wire - Grey Wolf, Inc. (“Grey Wolf” or the “Company”) (AMEX:GW) announced today that its Board of Directors, after a thorough review and consultation with its financial and legal advisors, has determined that the previously-announced third unsolicited proposal to acquire Grey Wolf by the Precision Drilling Trust (NYSE:PDS and TSX:PD.UN) (“Precision”) is not, and is not reasonably likely to result in, a proposal superior to its pending strategic merger with Basic Energy Services, Inc. (NYSE:BAS).

Gran Tierra Energy Successfully Drills Popa-2 Exploration Well

Fri, 27 Jun 2008 12:03:20 GMT

CNW Group - Gran Tierra Energy Inc. (AMEX: GTE; TSX: GTE), a company focused on oil exploration and production in South America, today announced that it had successfully drilled the Popa-2 exploration well in the Rio Magdalena Block in central Colombia, and was preparing to initiate well testing operations.

TAG Oil Provides Drilling and Corporate Update

Thu, 26 Jun 2008 21:25:28 GMT

CNW Group - TAG Oil Ltd. (TSX-V: TAO/OTCBB: TAGOF), announces that the Cheal A6 well has reached a Measured Total Depth Along Hole of 1,930 meters and logs are currently being run.

Orbit Garant Drilling Inc. Closes $60 Million Initial Public Offering and Secondary Offering

Thu, 26 Jun 2008 13:17:05 GMT

Marketwire - Orbit Garant Drilling Inc. ("Orbit Garant" or the "Company") (TSX:OGD) is pleased to announce today the completion of its initial public offering of 7,505,006 common shares at a price of $4.00 per share for total gross proceeds to Orbit Garant of $30,020,024 as well as the secondary offering by shareholders of Orbit Garant of 7,494,994 common shares for total gross proceeds to the selling shareholders of $29,979,976.

Kentucky USA Energy, Inc. Announces Permit Approvals and Commences Drilling

Thu, 26 Jun 2008 13:03:27 GMT

Business Wire - Kentucky USA Energy, Inc. (OTCBB: KYUS), an early stage natural gas exploration and production company, announced today that the Company has received the first 2 permits of the 5 permit applications submitted to drill on the previously identified initial well sites in its New Albany Shale leasehold in western Kentucky.

Madison Acquires Manitoba Lands, Prepares Bakken / Torquay Drilling Program

Thu, 26 Jun 2008 13:00:29 GMT

Marketwire - Madison Energy Corp (TSX VENTURE:MDC) announces that the Company, in collaboration with its privately held partners, have leased 480 acres of freehold mineral rights in the Sinclair area of Manitoba.

Allis-Chalmers Energy and Bronco Drilling Company Set Record Dates for Stockholders Meetings on Pending Merger

Thu, 26 Jun 2008 12:33:42 GMT

Business Wire - Allis-Chalmers Energy Inc. (NYSE:ALY) and Bronco Drilling Company, Inc. (NASDAQ/GM:BRNC) announced today that they each have set record dates for their respective special meetings of stockholders relating to the amended merger agreement providing for the acquisition of Bronco Drilling Company, Inc. by Allis-Chalmers Energy Inc.

Portrush Summer Drilling Program

Wed, 25 Jun 2008 15:11:18 GMT

Business Wire - Portrush Petroleum Corporation (TSX-V:PSH)(OTCBB:PRRPF) (http://www.portrushpetroleum.com)

Grey Wolf, Inc. Announces Receipt of Third Unsolicited Proposal from Precision Drilling Trust

Wed, 25 Jun 2008 13:25:36 GMT

Business Wire - Grey Wolf, Inc. (AMEX:GW) announced today that on June 24, 2008, it received a letter from the board of trustees of Precision Drilling Trust (NYSE:PDS and TSX:PD.UN) (the “Trust”), making a third unsolicited proposal to acquire Grey Wolf.

Drilling Success Continues to Extend Reserves and Production Growth at Tanganyika's Tishrine Block

Wed, 25 Jun 2008 06:30:04 GMT

Marketwire - Tanganyika Oil Company Ltd. ("Tanganyika" or the "Company") (TSX VENTURE:TYK)(OMX:TYKS) is pleased to provide an update on the Tishrine drilling and appraisal program.

Marathon Announces Contract Extension for Noble's Deepwater Drilling Rig in the Gulf of Mexico

Tue, 24 Jun 2008 20:39:14 GMT

PRNewswire - Marathon Oil Corporation (NYSE: MRO) announced today that it has exercised a two-year option extension on its contract for the Noble Jim Day drilling rig, expected to commence drilling operations in the deepwater Gulf of Mexico in the first quarter of 2010.

Morgan Creek Energy Sets Drilling Preparations on Their Frio Draw Oil/Gas Prospect, in NE New Mexico

Tue, 24 Jun 2008 13:15:27 GMT

PRNewswire - Morgan Creek Energy Corp., (the "Company") (OTC Bulletin Board: MCKE; M6C1-Frankfurt) is setting drilling preparations on its San Andres prospect at Frio Draw in NE New Mexico.

Emerald Bay receives drilling permit for test well in Medina County, Texas

Tue, 24 Jun 2008 13:03:12 GMT

CNW Group - Emerald Bay Energy Inc. (TSX Venture: EBY) today reported on recent activities.

Petrostar to Commence Drilling Bakken Oil Play in SE Saskatchewan

Tue, 24 Jun 2008 11:00:13 GMT

Marketwire - Petrostar Petroleum Corporation (TSX VENTURE:PEP)(FRANKFURT:LMQ) ("Petrostar" or the "Company") announces that it has finalized its agreement with its Joint-Venture partner on leases that are located in the Bakken Oil Play, in SE Saskatchewan.

Tullow Oil plc - Successful Ngege-1 Exploration Well in Block 2 Uganda

Tue, 24 Jun 2008 06:34:44 GMT

PRNewswire - Tullow Oil plc (Tullow) announces further success in Uganda's Lake Albert Rift Basin with the Ngege-1 exploration well encountering both oil and gas.

Canadian Spirit Resources Inc. Begins Drilling of Two Montney Wells

Mon, 23 Jun 2008 16:35:13 GMT

Marketwire - Canadian Spirit Resources Inc. ("CSRI" or the "Company") (TSX VENTURE:SPI) (PINK SHEETS:CSPUF) announces that drilling has commenced on two wells designed to evaluate the Montney and other deep formations on its lands at Farrell Creek in northeast British Columbia.

Gastar Exploration Announces East Texas Drilling Results

Mon, 23 Jun 2008 11:04:37 GMT

Business Wire - Gastar Exploration Ltd. (AMEX:GST) (TSX:YGA) today provided an update on recent drilling operations in East Texas.

Orbit Garant Drilling Inc. Announces Filing of Final Prospectus for $60 Million Initial Public Offering and Secondary Offering

Fri, 20 Jun 2008 21:53:29 GMT

Marketwire - Orbit Garant Drilling Inc. ("Orbit Garant" or the "Company") today announced that it has filed a final prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with the proposed initial public offering of common shares by Orbit Garant and a secondary offering of common shares by shareholders of Orbit Garant.

Canoro Updates Drilling and Production

Fri, 20 Jun 2008 12:00:11 GMT

Marketwire - Canoro Resources Ltd. (TSX VENTURE:CNS) began drilling operations, following extensive rig repairs, at the Borkathani exploration location on the AA-ON/7 exploration block in northeast India.

Preeceville Drilling Update

Thu, 19 Jun 2008 22:00:43 GMT

CNW Group - Donald Benson, Chairman and Chief Executive Officer of Nordic Oil and Gas Ltd. ("Nordic" or, the "Company"), announced today that the logging has been completed at the Company's well at Preeceville, Saskatchewan and that the intervals for perforation have now been identified.

Miller Petroleum Partners with Atlas America for Gas Exploration and Drilling

Thu, 19 Jun 2008 19:57:26 GMT

PRNewswire - Miller Petroleum, Inc. (Pink Sheets: MILL.PK) today announced that it had entered into a transaction with a subsidiary of Atlas Energy Resources, LLC (NYSE: ATN) whereby Miller has assigned to Atlas (i) a 100% working interest and 80% net revenue interest in its oil and gas leases comprising 27,620 acres in Koppers North and Koppers South in Campbell County, Tennessee; (ii) a 100% working interest in eight existing wells on the Koppers acreage; and (iii) a 100% working interest and 82.5% net revenue interest in oil and gas leases comprising of 1,952 acres adjacent to the Koppers acreage.

Forest Gate Announces Details of 2008 Offshore Drill Program

Thu, 19 Jun 2008 15:42:18 GMT

CNW Group - Forest Gate Resources Inc., together with its partners, is pleased to announce details of the upcoming 2008 drilling program offshore Ireland.

Caspian Energy Inc.: Final Results of First Well in Post-Salt Drilling Program

Thu, 19 Jun 2008 14:00:19 GMT

Marketwire - NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA OR JAPAN

Universal Energy Corp. Provides Drilling Update #3 on Lone Oak Prospect in Galveston Bay, Texas

Thu, 19 Jun 2008 13:47:04 GMT

PRNewswire - Universal Energy Corp. (OTC Bulletin Board: UVSE), announced today that directional drilling is underway at its Lone Oak prospect.

Mainland Resources, Inc. Approves $8.5 Million Expenditure for Haynesville Shale Drill Test in Louisiana

Thu, 19 Jun 2008 13:15:23 GMT

PRNewswire - Mainland Resources, Inc., a Nevada corporation (the "Company") (OTC Bulletin Board: MNLU) (5MN-Frankfurt) has approved the Authority For Expenditure (AFE) to cover expenses associated with the drilling and completion of its Griffith #1-H well in the East Holly Field of De Soto Parish, Louisiana.

Zion Oil & Gas Signs Protocol with Drilling Contractor for Contract to Drill Zion's Wells in Israel

Thu, 19 Jun 2008 12:40:42 GMT

Business Wire - Zion Oil & Gas, Inc. (Amex: ZN) of Dallas, Texas and Caesarea, Israel announced today that on June 18, 2008, it signed a memorandum of understanding with Aladdin Middle East Ltd (AME) confirming both parties intent to sign a drilling contract no later than July 31st, 2008, to drill Zion’s planned Ma’anit-Rehoboth #2 well and other wells in Israel, in accordance with Zion's business plan.

PXP Announces Piceance Gas Basin Expansion With Over 800 New Drilling Locations and an Estimated 75 MMBOE of Resource Potential for $162 Million

Thu, 19 Jun 2008 10:59:00 GMT

PRNewswire - Plains Exploration & Production Company (NYSE: PXP) ("PXP") and a subsidiary of Occidental Petroleum Corporation ("Oxy") have entered into an agreement with an undisclosed third party to acquire 11,500 acres immediately adjacent to PXP's existing Piceance Gas Basin assets.

Stonefire Energy Corp. Announces Commencement of Summer Drilling and Increased Credit Facilities

Wed, 18 Jun 2008 22:23:22 GMT

Marketwire - Stonefire Energy Corp. (TSX VENTURE:SFE.A) (TSX VENTURE:SFE.B)("Stonefire" or the "Company") is pleased to announce the commencement of its 4 well summer drilling program.

Bush calls on Congress to lift offshore drilling ban

Wed, 18 Jun 2008 20:11:00 GMT

AFP - WASHINGTON (AFP) - US President George W. Bush on Wednesday urged Congress to lift a decades-old ban on offshore oil drilling to reduce dependence on foreign imports and offset sky-high energy prices.

Bush to call for end to offshore drilling ban

Wed, 18 Jun 2008 14:35:00 GMT

AFP - WASHINGTON (AFP) - President George W. Bush was to call Wednesday on Congress to end a decades-old ban on offshore oil drilling, as a way to tap new energy sources to combat soaring gasoline prices.

Bush to press Congress to drop offshore drilling ban

Wed, 18 Jun 2008 03:00:00 GMT

AFP - WASHINGTON (AFP) - President George W. Bush will call on US lawmakers Wednesday to pass legislation lifting the ban on offshore oil drilling, the White House said.

President Bush wants to allow offshore drilling for more oil

Wed, 18 Jun 2008 00:43:00 GMT

The Canadian Press - WASHINGTON - U.S. President George W. Bush plans a renewed push to get Congress to end a long-standing ban on offshore oil and gas drilling.

RPT Uranium Completes Drill Program in Sibley Basin and Continues to Search for Other Opportunities in Energy Sector

Tue, 17 Jun 2008 17:36:08 GMT

Marketwire - Nelson W. Baker, acting President of RPT Uranium Corp. (TSX VENTURE:RPT) is pleased to announce that...

GSV, Inc. Announces Commencement of Drilling and Update on the Louisiana Well

Tue, 17 Jun 2008 14:13:13 GMT

PRNewswire - GSV, Inc. (OTCBB Symbol: GSVI) announced today that the working interest partnership of which its affiliate, Century Royalty LLC, is a member has commenced drilling a well, dubbed the Strong #1 well, in its SE Cleveland prospect.

Stoneham Drilling Trust Announces Cash Distribution for June 2008

Tue, 17 Jun 2008 13:00:06 GMT

Marketwire - Stoneham Drilling Trust (TSX:SDG.UN) ("Stoneham" or the "Trust") announced that its cash distribution for the period from June 1, 2008 to June 30, 2008 will be $0.125 per trust unit ($1.50 per annum).

Savanna Energy buys five drilling rigs in the United States for US$59 million

Mon, 16 Jun 2008 21:53:00 GMT

The Canadian Press - CALGARY - Savanna Energy Services Corp. (TSX:SVY) said Monday it has bought five drilling rigs, plus the associated support equipment, from a privately held drilling company in the United States for US$59 million.

Breaker Energy Ltd. announces increases in production and cash flow guidance and light oil drilling

Mon, 16 Jun 2008 21:44:27 GMT

CNW Group - Breaker Energy Ltd. ("Breaker" or "Company") (TSX: WAV.A and WAV.B) plans to accelerate development of its numerous light oil opportunities due to drilling success and low debt levels.

Savanna Energy acquires drilling rigs in the United States

Mon, 16 Jun 2008 21:14:04 GMT

CNW Group - Savanna Energy Services Corp. ("Savanna") (TSX: SVY) is pleased to announce it has completed the acquisition of all of the assets of a privately-held drilling company, for a purchase price of $USD59.0 Million.

Onco Petroleum Discusses Drilling Results and Potential and Updates Year-End Financial Statement Filing Status

Mon, 16 Jun 2008 15:11:56 GMT

Marketwire - Onco Petroleum Inc. (CNQ:ONCO) (FRANKFURT:3HX) announced today drilling results from the upper section of the Onco #32 exploration well.

Pantera Drilling Income Trust Declares June Distribution

Mon, 16 Jun 2008 13:15:48 GMT

CNW Group - Pantera Drilling Income Trust ("Pantera" or the "Trust") (TSX:RIG.UN) today declared a cash distribution relating to the period June 1, 2008 to June 30, 2008, in the amount of $0.03 per trust unit payable on July 15, 2008 to unitholders of record on June 30, 2008.