The Canadian oil company drills for hydrocarbons primarily in Texas and Alberta shale formations. In Colorado, it produces a daily haul of 14,800 barrels of oil and 52 million cubic feet of natural gas on the 51,000 net acres it plans to sell.
Pizzitola Resources Inc said it is selling producing royalty interests in Dimmit County, part of the oil and condensate window of the Eagle Ford Shale. It has retained E-Spectrum Advisors LLC, an affiliate of Energy Spectrum Advisors Inc., to sell the royalty interests. The package include an average 1 percent overriding royalty interest across 29,588 […]
Swift Energy Co. announced it has tested three new Eagle Ford Shale wells in the Fasken area in Webb County. The Fasken BD 14H, 15H and 16H were recently completed with an average initial production rate of 22.1 million cubic feet of gas per day, the company said. Swift also completed three new Eagle Ford […]
New York officials asked the Environmental Protection Agency on Monday to update a contingency plan for dealing with oil spills amid the rapid expansion of rail shipments of crude oil from North Dakota across New York to coastal refineries.
Mexican authorities have detained the owner of a Mexican oil services company who allegedly defrauded Citigroup of up to $400 million and may have used his professional soccer team to launder money, a top official said Monday.
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