Elk Petroleum Limited (ticker: ELK) has commenced production on its Grieve CO2 EOR Project. The company said it expects initial gross oil production of 1,100-1,200 BOPD. CEO Brad Lingo commented, “I’m exceedingly pleased to announce the start-up of oil production from the Grieve CO2 EOR project. Reaching this point has been the result of the commitment and dedication of the
Australia’s Elk Petroleum Limited (ticker: ELK) recently released its half-year results and guidance update. The company reported a 44% increase in share price to A$0.095 (March 2018) – this is up from A$0.066 (June 2017). The company reported production of 972,498 BOE, with 1P reserves of 47.5 MMBOE and 2P reserves of 84.2 MMBOE. Elk’s operations are all in the
On February 7, 2018 Evolution Petroleum (ticker: EPM) announced that its board of directors declared a quarterly cash dividend to common shareholders of $0.10 per share, an increase of 33% over the previous rate of $0.075 per share. The quarterly dividend will be paid on March 29, 2018 to shareholders of record on March 15, 2018. Evolution Petroleum also reported
Evolution Petroleum Corporation (ticker: EPM), with headquarters in Houston, Texas is in the business of development and production of natural gas and oil reserves concentrated in the Delhi Field in Louisiana. One of the key principal assets for Evolution Petroleum include interests in a CO2-EOR project in the Delhi Field. EPM sources CO2 for its EOR operations from Jackson Dome
Chaparral Energy, Inc. (ticker: CHPE) closed the sale of its North Burbank and Texas Panhandle enhanced oil recovery (EOR) assets. The properties sold to Perdure Petroleum LLC represented approximately 5,700 BOEPD of the company’s 24,500 BOEPD of total production. “We are pleased to announce that the close of this sale effectively completes Chaparral’s transition to a pure-play STACK operator,” said
Water is not a traded commodity in the U.S., like iron ore, copper or coal, but it has become a critical factor to the companies that produce oil and gas from North America’s shale basins One of the biggest environmental and oil and gas production cost factors in the ongoing development of the U.S.’s massive shale basins is how the
Sinclair Group Energy Texas: focused on 35 MMBO in South Texas sandstone—a contiguous structure with oilfields running side by side for hundreds of miles At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Sinclair Group Energy Texas President Bob Thomae. Sinclair Group Energy Texas has a unique appreciation for
Granite Oil Corp. (ticker: GXO) has established its operational core in the Bakken siltstone play, located in southern Alberta. The company is focused on further developing the play’s enhanced oil recovery (EOR) operations and on building additional profile on the western portion of the play. In its Bakken play, Granite holds approximately 350,000 acres with 100% working interest. Granite currently
Elk secures second largest CO2 supply source in Wyoming for CO2 EOR; profitable production of ~3,400 BOEPD (20 MMSCFD+) Freeport-McMoRan has sold another group of oil and gas assets. Australia’s Elk Petroleum Ltd (ticker: ELK) has entered into a purchase and sale agreement with subsidiaries of Freeport-McMoRan Inc. (ticker: FCX) to acquire all of FCX’s interest in the Madden Gas Field,
Mid-Con Energy Partners presents at EnerCom’s The Oil & Gas Conference® During Mid-Con Energy Partners’ breakout session, management was asked the following questions: How do you balance debt reduction with your distribution on common units? Is there some sort of formula to structure wells based on LOE? What is your overall company decline rate? What are you seeing with regard
Amendment to Arikaree Water Flood Enhanced Oil Recovery Project in Eastern Colorado In an effort to expedite its previously approved larger waterflood project for its Arikaree field asset in eastern Colorado, Nighthawk Energy (ticker: HAWK / NHEGY) filed an amendment to the original filing on Friday April 29, reducing the size of the initial water flood area (known as the
Highlighting Technologies for Finding Resources, Improving Drilling and Extraction, Storage and Transportation of Oil & Natural Gas EnerCom Inc. is seeking geoscientists, petroleum engineers, drilling and completions engineers, technology developers and others who would like to submit a technical whitepaper that highlights new technologies designed to increase success in the finding, drilling and extraction, storage and transportation of oil and natural gas. Examples
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