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

Uranium Energy Corp. and Uran Limited Start Exploration Drilling at the Grants Ridge Project in New Mexico

Tue, 24 Nov 2009 13:01:11 GMT

PRNewswire - Uranium Energy Corp. (NYSE-AMEX: UEC, the "Company") is pleased to announce that drilling commences this week at the Company's Grants Ridge Uranium Project located in New Mexico.

Nordic to Commence Drilling New Exploration Well in Lloydminster

Mon, 23 Nov 2009 16:31:48 GMT

CNW Group - Donald Benson, President & CEO of Nordic Oil and Gas Ltd. ("the Company" or" Nordic") announced today that the drilling rig is now on site at the Company's 12-14-50-2W 4M well in Lloydminster, Alberta, and that drilling will commence today.

Empire Posts 10Q for US $9 Million Rights Offering in Preparation for Expected Drilling Program EL 14/2009 and Secures Seismic Ship for Offshore E

Mon, 23 Nov 2009 15:16:15 GMT

Business Wire - Empire Energy Corporation International (OTCBB: EEGC) CEO Malcolm Bendall announced that Empire has posted the 10Q report for the quarter ending September 30, 2009.

REMINDER: CGX Energy Reports on Drilling Plans

Mon, 23 Nov 2009 13:00:02 GMT

Marketwire - CGX Energy Inc. (TSX VENTURE:OYL)("CGX" or the "Company") announces that after a meeting today in Georgetown, Guyana with the President of Guyana, His Excellency Bharrat Jagdeo, CGX's President, Kerry Sully stated:

CanElson Drilling Completes Acquisition of Drilling Rigs

Thu, 19 Nov 2009 14:00:50 GMT

Marketwire - CanElson Drilling Inc. ("CanElson") (TSX VENTURE:CDI) announces that it has completed the purchase from Bronco Drilling Services Ltd. ("Bronco") (a wholly owned subsidiary of Bronco Energy Ltd.) of a telescopic double rig, a single rig, and related equipment for cash proceeds of $6.5 million.

CanElson Drilling Signs Contracts for Two Drilling Rigs in Texas

Thu, 19 Nov 2009 13:30:06 GMT

Marketwire - CanElson Drilling Inc. ("CanElson") (TSX VENTURE:CDI) announced today that it has entered into multi-well contracts with a Midland, Texas-based resource company to operate 2 drilling rigs in the Permian Basin region.

International Sovereign Energy Corp. - Drilling Update

Wed, 18 Nov 2009 23:13:28 GMT

CNW Group - International Sovereign Energy Corp. (the "Company") recently had its Q4 2009 drilling program delayed due to the suspension of all drilling permits concerning wells having a potential sour gas component by the Energy Resources Conservation Board (ERCB) of Alberta.

Trans Energy Begins Drilling Third Horizontal Marcellus Well in Marshall County WV

Wed, 18 Nov 2009 15:13:14 GMT

PRNewswire - Trans Energy, Inc. (OTC Bulletin Board: TENG) announced today that it has begun drilling the Whipkey #1H well in Marshall County, West Virginia.

Morgan Creek Energy Completes Due Diligence and Targets a Two-Well Drill Program on North Fork 3D Prospect, Oklahoma

Wed, 18 Nov 2009 14:15:15 GMT

PRNewswire - Morgan Creek Energy Corp. (the "Company") (OTC Bulletin Board: MCKE), (M6C1-Frankfurt) has completed an extensive review on the North Fork 3D prospect in Beaver County, Oklahoma.

Statoil Signs CapRock to Equip New Drillship with VSAT Communications

Wed, 18 Nov 2009 14:08:09 GMT

Business Wire - CapRock Communications, a leading provider of global communications to remote environments, today announced a long-term agreement with Statoil to provide satellite communications to a new drillship.

Pioneer Drilling to Present at the Bank of America Merrill Lynch Energy Conference

Mon, 16 Nov 2009 21:44:15 GMT

PRNewswire - Pioneer Drilling Company, Inc. (NYSE Amex: PDC) today announced that it will participate in the Bank of America Merrill Lynch Energy Conference to be held at the Grand Hyatt, New York, NY on November 17 & 18, 2009.

Basic Earth Drills South Flat Lake Exploration Well

Mon, 16 Nov 2009 14:10:46 GMT

Business Wire - BASIC EARTH SCIENCE SYSTEMS, INC. (OTCBB:BSIC) reported that it has commenced drilling its South Flat Lake Prospect in Sheridan County, Montana.

Toreador Resources Begins Drilling La Garenne Well

Mon, 16 Nov 2009 13:59:28 GMT

Business Wire - Toreador Resources Corporation (NASDAQ: TRGL) today announced that on November 12, 2009, it successfully commenced drilling the La Garenne LGA-1D conventional exploration well, which is located on the 100% owned Rigny le Ferron permit in the Paris Basin in France.

Circumpacific Energy Corporation: Joint Evaluation Agreement With Drillsearch

Thu, 12 Nov 2009 19:06:22 GMT

Marketwire - Circumpacific Energy Corporation (TSX VENTURE:CER) ('Circumpacific') and Drillsearch Energy Limited (ASX: DLS) ('Drillsearch') are parties to a joint venture agreement for evaluation of eight blocks in the Cooper Eromanga Basin of South West Queensland, Australia ('the SWQ Blocks').

Junex Earns an Interest in the Nicolet Permit Through the Drilling of the St-Gregoire No. 2 Well

Thu, 12 Nov 2009 15:36:42 GMT

Marketwire - Junex (TSX VENTURE:JNX)is pleased to announce that it has earned a 50% working interest in the interval from the surface to the base of the Utica Formation in the Nicolet permit, which covers 54,363 acres and is located in the heart of the St.

Pantera Drilling Income Trust Announces Results for the Third Quarter Ended September 30, 2009 And Declares November Distribution

Thu, 12 Nov 2009 14:15:20 GMT

CNW Group - Pantera Drilling Income Trust ("Pantera" or the "Trust") is pleased to release its third quarter 2009 financial and operating results.

CanElson Drilling Signs Assets Purchase Agreement to Purchase Drilling Rigs

Thu, 12 Nov 2009 14:01:24 GMT

Marketwire - Further to its news release of November 5, 2009, CanElson Drilling Inc. ("CanElson") (TSX VENTURE:CDI) announces that it has signed a definitive Asset Purchase Agreement, as purchaser, with Bronco Drilling Services Ltd., a wholly owned subsidiary of Bronco Energy Ltd., for the purchase of a telescopic double rig, a single rig, and related contracts and equipment for cash proceeds of $6.5 million.

Pioneer Drilling Prices Common Stock Offering

Thu, 12 Nov 2009 13:50:04 GMT

PRNewswire - Pioneer Drilling Company (NYSE Amex: PDC) (the "Company") today announced that it has priced a public offering of 3.82 million newly issued shares of its common stock at a public offering price of $6.75 per share.

Lux Energy Corp Updates West Central Drilling Program

Thu, 12 Nov 2009 13:30:34 GMT

PRNewswire - Lux Energy Corp. (the "Company") wishes to update shareholders on the West Central Alberta C & D program.

Pioneer Drilling Announces Offering of Up to 3.82 Million Shares of Common Stock

Wed, 11 Nov 2009 21:01:19 GMT

PRNewswire - Pioneer Drilling Company (NYSE Amex: PDC) (the "Company") today announced that it is publicly offering up to 3.82 million shares of its common stock pursuant to the Company's effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the "SEC"). Jefferies & Company, Inc. will serve as the sole underwriter for this offering. The Company has granted the underwriter an over-allotment option to purchase up to 573,000 additional shares of common stock at the public offering price, less underwriting discount and commission, within 30 days. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Superior Well Services, Inc. Wins the 'Best Drilling, Completions & Production Fluids Award' for its WFR-3B(TM) Slickwater System

Wed, 11 Nov 2009 15:25:12 GMT

PRNewswire - World OilÂ® magazine announced the 11 winners of the eighth annual World Oil Awards on October 15th in Houston, Texas.

Suroco Energy Inc. Commences Development Drilling Program at Its Suroriente Block in Colombia and Resumes Normal Operations

Wed, 11 Nov 2009 00:48:17 GMT

Marketwire - Suroco Energy Inc. (TSX VENTURE:SRN) (the "Corporation") today announces that at 9:00 am MST on Tuesday, November 10, the Corporation commenced drilling Pinuna 2, the first well of the Corporation's two well development drilling program on the Suroriente Block.

Bronco Drilling Company, Inc. Announces Monthly Operating Results

Tue, 10 Nov 2009 21:30:23 GMT

Business Wire - Bronco Drilling Company, Inc., (Nasdaq/GS:BRNC), announced today operational results for the month ended and as of October 31, 2009.

Brazauro Reports Results of Last Remaining Drill-Holes Completed By Eldorado Gold Corp. at Tocantinzinho

Tue, 10 Nov 2009 15:41:48 GMT

Business Wire - Brazauro Resources Corp. is pleased to announce results of the remaining drilling carried out by Eldorado Gold Corp. at the Company’s 100%-owned Tocantinzinho Gold Project (TZ) in the Tapajos region of Para state, Brazil.

Kallisto announces closing of private placement, grant of stock options and update of drilling program

Mon, 09 Nov 2009 23:56:50 GMT

CNW Group - Kallisto Energy Corp. (TSX Venture: KEC) (formerly Arrow Energy Ltd. - AOF) ("Kallisto" or the "Company") is pleased to announce that it has closed the previously announced non-brokered private placement of 3,750,000 common shares at a price of $0.20 per common share for gross proceeds of $750,000.

VAALCO Energy Announces Third Quarter 2009 Results and Provides Drilling Program Update

Mon, 09 Nov 2009 21:17:45 GMT

PRNewswire - VAALCO Energy, Inc. (NYSE: EGY) today reported net income attributable to VAALCO of $4.2 million or $0.07 per diluted share for the third quarter of 2009 compared to net income attributable to VAALCO of $22.3 million or $0.38 per diluted share for the comparable period in 2008.

Premier Energy Intends to Resume Development Drilling in Russia

Mon, 09 Nov 2009 20:34:31 GMT

Business Wire - Premier Energy Corp. (OTCBB: PNRC), a U.S. based international oil and gas company organized under the laws of the State of Florida, currently owns majority interest of Karbon CJSC, which holds exploration and production license for the North-Kopanskoye Oilfield in the Orenburg Region in the Volga-Urals Basin.

Range Organizes Safety Drill for First Responders

Mon, 09 Nov 2009 14:53:23 GMT

Business Wire - RANGE RESOURCES CORPORATION (NYSE: RRC) announced that it has posted a video to its website describing a first-of-its kind, large-scale safety drill in the Marcellus Shale play recently conducted in Lycoming County, Pennsylvania.

CanElson Drilling Joint Venture Receives Approval and Signs Drilling Rig Contract for Mexico

Mon, 09 Nov 2009 14:00:28 GMT

Marketwire - CanElson Drilling Inc. ("CanElson") (TSX VENTURE:CDI) announced today that its Mexican joint venture company, Diavaz CanElson de Mexico, S.A. de C.V. ("DCM"), has entered into a one-year Integrated Drilling Services Rig Contract with DS Servicios Petroleros, S.A. de C.V. ("DS").

Stoneham Drilling Trust (TSX:SDG.UN) Announces Financial Results for the Third Quarter Ended September 30, 2009

Mon, 09 Nov 2009 14:00:17 GMT

Marketwire - Stoneham Drilling Trust ("Stoneham" or the "Trust") (TSX:SDG.UN) announces reduced revenue, operating margins and rig utilization due to depressed industry conditions.

Petrolifera Petroleum strengthens balance sheet during third quarter 2009 (Q3 2009) with $58.5 million equity raise; Focus in fourth quarter 2009

Fri, 06 Nov 2009 20:29:13 GMT

CNW Group - Petrolifera Petroleum Limited substantially strengthened its financial condition and balance sheet during Q3 2009 with a successful $58.5 million equity raise comprised of a $57.5 million publicly-marketed, underwritten transaction and a $1 million private placement with management and directors on identical terms to the public offering.

Bronco Drilling Company, Inc. Announces Third Quarter Results

Fri, 06 Nov 2009 13:35:29 GMT

Business Wire - Bronco Drilling Company, Inc., (Nasdaq/GS:BRNC), announced today financial and operational results for the three months and nine months ended September 30, 2009.

Halliburton Awarded Integrated Turnkey Drilling Contract for South Ghawar

Fri, 06 Nov 2009 12:35:30 GMT

Business Wire - Halliburton (NYSE: HAL) has been awarded the integrated turnkey drilling contract in South Ghawar.

EOG Resources Reports Third Quarter 2009 Results - Increases 2009 Total Production Growth Target from 5.5 to 6 Percent and Total Liquids Growth Targ

Thu, 05 Nov 2009 22:11:09 GMT

PRNewswire - EOG Resources, Inc. (NYSE: EOG) (EOG) today reported its third quarter 2009 operating and financial results.

Sterling Resources picks up the drill bit for another multi-well drilling program

Thu, 05 Nov 2009 22:00:26 GMT

CNW Group - Sterling Resources Ltd. (TSX-V: SLG) ("Sterling" or the "Company") is pleased to announce the commencement of an eight well exploration and appraisal program, covering several key assets, which is anticipated to be completed by mid 2010.

Cheetah Oil & Gas Ltd.: Financing, Debt Consolidation and Drilling Update

Thu, 05 Nov 2009 21:45:06 GMT

Business Wire - Cheetah Oil & Gas Ltd. (OTC BB: COHG) (the "Company" or "Cheetah") Cheetah is pleased to report it has completed an equity financing and debt settlement that will support ongoing operations.

Bronco Signs Letter of Intent to Sell Drilling Rigs

Thu, 05 Nov 2009 18:31:22 GMT

Marketwire - THIS PRESS RELEASE IS Bronco Energy Ltd. ("Bronco" or the "Company") (TSX:BCF) is pleased to announce that Bronco Drilling Services Ltd., a wholly owned subsidiary, has signed a Letter of Intent with CanElson Drilling Inc., for the sale of a telescopic double rig, a single rig, and related contracts and equipment for cash proceeds of $6.5 million.

CanElson Drilling Signs Letter of Intent to Purchase Drilling Rigs

Thu, 05 Nov 2009 17:09:30 GMT

Marketwire - CanElson Drilling Inc. ("CanElson") (TSX VENTURE:CDI) announces that it has signed a Letter of Intent with Bronco Drilling Services Ltd., a wholly owned subsidiary of Bronco Energy Ltd., for the purchase of a telescopic double rig, a single rig, and related contracts and equipment for cash proceeds of $6.5 million.

Empire Signs Back to Site Agreement with Hunt Energy Drilling, Orders Independent Report by RPS to Further Validate U.S. $3.3 Billion WHK Valuatio

Thu, 05 Nov 2009 14:37:04 GMT

Business Wire - Empire Energy Corp. Intl. (OTC BB: EEGC) has signed Back to Site Agreement with Hunt Energy...

Crown Point Ventures Ltd. Makes Gas Discovery From Third Well and Completes El Valle Drill Program in Argentina

Thu, 05 Nov 2009 14:15:10 GMT

Marketwire - Crown Point Ventures Ltd. (the "Company") (TSX VENTURE:CWV) advises that it has successfully completed the EVx-20 well as a dual zone gas discovery.

InterOil Corporation Antelope-2 Well Drilling Report No. 4 November 5, 2009

Thu, 05 Nov 2009 13:30:59 GMT

PRNewswire -

PXP Announces 2009 Third Quarter Results -- Net income was $39.3 million or $0.30 per diluted share.-- Net income including realized gains an

Thu, 05 Nov 2009 12:35:30 GMT

PRNewswire - Plains Exploration & Production Company (NYSE: PXP) ("PXP" or the "Company") announces third quarter 2009 financial and operating results and files full-year 2010 guidance with the SEC on a Form 8-K.

Pioneer Drilling Reports Third Quarter 2009 Results

Thu, 05 Nov 2009 11:00:40 GMT

PRNewswire - Pioneer Drilling Company, Inc. (NYSE Amex : PDC) today reported financial and operating results for the three months ended September 30, 2009.

Continental Resources Announces Strong Third Quarter 2009 Results Third Quarter Operating and Net Income Are Double Those for Second Quarter 2009Comp

Thu, 05 Nov 2009 11:00:39 GMT

PRNewswire - Continental Resources, Inc. (NYSE: CLR) today announced that it doubled operating earnings and net income for the third quarter of 2009, compared with results for the second quarter of 2009, based on higher crude oil prices and lower production costs.

Trinidad Drilling Ltd. reports third quarter and year-to-date 2009 results; strong gross margins maintained and expanded US and International operatio

Wed, 04 Nov 2009 13:30:30 GMT

CNW Group - Trinidad Drilling Ltd. ("Trinidad" or the "Company") reported operating and financial results for the third quarter and first nine months of 2009 today.

Pioneer Drilling Announces Third Quarter 2009 Earnings Release and Conference Call Schedule

Wed, 04 Nov 2009 12:45:07 GMT

PRNewswire - Pioneer Drilling Company (NYSE Amex: PDC) announced today that it intends to release financial results for the three months ended September 30, 2009, on Thursday, November 5, 2009 before the market opens.

WesternZagros Announces a Gas and Condensate Discovery After Drilling Through the Tertiary Reservoir Interval at Kurdamir-1

Wed, 04 Nov 2009 12:30:05 GMT

Marketwire - WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") announced today that Kurdamir-1 has reached an intermediate depth of 2,601 metres, and has drilled through the Oligocene and Pilaspi/Jaddala reservoir targets in the Tertiary.

Alberta suspends sour gas drilling

Wed, 04 Nov 2009 00:47:08 GMT

CBC - The government agency that regulates Alberta's oil and gas industry Tuesday temporarily suspended issuing licences for sour gas projects.

Arena Resources Announces Addition of Fourth Drilling Rig at Fuhrman-Mascho

Tue, 03 Nov 2009 15:08:33 GMT

Business Wire - Arena Resources, Inc. (NYSE: ARD) (“Arena”)(“Company& #x201d;) announced today that it has added a fourth drilling rig, a contract rig, to accelerate the development of its Fuhrman-Mascho (“Fuhrman-Mascho”) assets in Andrews County, Texas.

Bronco Drilling Company Third Quarter 2009 Earnings Conference Call

Tue, 03 Nov 2009 15:04:05 GMT

Business Wire - Bronco Drilling Company, Inc. (NASDAQ:BRNC):

American Energy Resources Drills Seven New Wells

Tue, 03 Nov 2009 14:49:46 GMT

Business Wire - American Energy Resources, an established industry leader in the mid-continent region for oil and gas exploration and processing, announced today an initiative to drill and test seven new oil wells in Graham County, Kansas.

Parker Drilling Reports 2009 Third Quarter Earnings of $0.06 Per Share; Adjusted EPS of $0.04, Excluding Non-Routine Items

Tue, 03 Nov 2009 13:01:34 GMT

PRNewswire - Parker Drilling (NYSE: PKD), a global drilling contractor and service provider, today reported results for the quarter ended Sept. 30, 2009, including net income of $7.1 million or $0.06 per diluted share on revenues of $181.4 million, compared to net income of $17.8 million or $0.16 per diluted share on revenues of $227.5 million for the prior year's third quarter.

Patterson-UTI Reports Drilling Activity for October 2009

Tue, 03 Nov 2009 11:45:08 GMT

PRNewswire - PATTERSON-UTI ENERGY, INC. (Nasdaq: PTEN) today reported that for the month of October 2009, the Company had an average of 88 drilling rigs operating, including 82 rigs in the United States and 6 rigs in Canada.

Angle Energy Inc. Announces Horizontal Drilling Success at Lone Pine Creek

Mon, 02 Nov 2009 22:55:40 GMT

Marketwire - Angle Energy Ltd. ("Angle") (TSX:NGL) Angle Energy Announces Horizontal Drilling Success at Lone Pine Creek.

Union Drilling Reports 2009 Third Quarter Results

Mon, 02 Nov 2009 21:05:15 GMT

PRNewswire - Union Drilling, Inc. (Nasdaq: UDRL) announced today financial and operating results for the three and nine months ended September 30, 2009.