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Sunday, December 22, 2024

December 19, 2014

Saratoga Resources Updates Operations, Focuses on Optimization

December 19, 2014

Saratoga Resource Inc. (ticker: SARA) announced an update on the company’s recent operations and measures being taken to reduce costs and enhance operational efficiencies in the current oil price environment. SARA holds approximately 52,000 gross/net acres (60% held by production) on the Louisiana coastline and in the shallow Gulf of Mexico shelf. SARA has successfully completed several thru-tubing plugback operations

Egypt Turns to Hydraulic Fracturing

December 19, 2014

On Wednesday, December 17, Egypt’s Ministry of Petroleum announced that Egypt’s state oil company (EGPC), Houston based Apache Corp. (ticker: APA) and Shell Egypt (ticker: RDSA) have entered into an agreement for the production of unconventional gas using hydraulic fracturing in the Northeast Abuel Garadeek region of Egypt’s Western Desert, about 200km (124.27 miles) west of Cairo. According to the

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