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Venoco prefers Monterey vertical well economics
Venoco Inc., second largest acreage holder behind Occidental Petroleum Corp. in the California Miocene Monterey shale oil drilling play, may run six to eight rigs and drill 50-75 wells in 2012 focusing on vertical drilling and optimized completion techniques.
Share:     | Southwestern to probe Smackover Brown Dense lime
Southwestern Energy Co., Houston, said it has accumulated 460,000 net acres prospective for oil in Upper Jurassic Lower Smackover Brown Dense limestone along the Arkansas-Louisiana state line.
Share: | Cairn reports Greenland exploratory progress
Cairn Energy PLC reported that initial geochemical analysis of background gas composition indicates the encouraging presence of Pretertiary oil-prone source rocks in the basin near an exploratory well that it plans to plug and abandon on the Lady Franklin block in the South Ungavva area off southwestern Greenland.
Share: | Lawmaker to block DOI appointment until gulf leases extended
US Sen. David Vitter (R-La.) announced that he would block Rebecca Wodder’s nomination to be Assistant US Interior Secretary for Fish and Wildlife and Parks unless the US Department of the Interior extends hundreds of Gulf of Mexico leases due to expire this year.
Share: | LLOG wraps up gulf deepwater developments
LLOG Exploration Co. LLC, Covington, La., is wrapping up a multiwell Gulf of Mexico exploration and development program that has allowed it to run one deepwater rig continuously since the Macondo incident, and it has won approval of its first plan of exploration since Macondo.
Share: | Colorado: Continental sees Niobrara as matrix-driven
Continental Resources Inc., Enid, Okla., said it completed the Newton 1-4H well in Weld County, Colo., in the second quarter of 2011 at initial production results that were below expectations.
Share: | Kenya: Remote Mandera basin block awarded
Kenya’s Ministry of Energy has awarded the 7,802 sq km Block 2A in northeastern Kenya to Simba Energy Inc., Vancouver, BC.
Share: | Utah: Berry developing multiple zones in Uinta
Berry Petroleum Co., Denver, estimated that its risked resource potential in the Uinta basin is 65 million bbl of oil equivalent excluding its proved developed reserves in the basin of 11 million boe.
Share: | Australia: Georgina basin shale wildcat spuds
PetroFrontier Corp., Calgary, has spudded Baldwin-2, its first well in the southern Georgina basin of Australia’s Northern Territory to test the Basal Arthur Creek hot shale and other targets.
Share: | Russia: Western Siberia bypassed oil pay found
PetroNeft Resources PLC has discovered a sixth oil field on License 61, Tomsk Oblast, Western Siberia, Russia.
Share: | Poland: Early core results from shales encouraging
Early core analysis results from shales in the Baltic basin are “cautiously encouraging,” said BNK Petroleum Inc., Camarillo, Calif.
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