Junior oil and gas company Crown Point Ventures Ltd. (CWV:TSXV) recently announced its plans to drill between 10 and 24 wells in San Jorge Basin in the next 24 months and two to four wells in the Neuquén Basin.
Junior oil and gas company TriOil Resources Ltd. (TOL:TSXV) released a statement on November 6 indicating that its latest Lochend well attained a six-day test rate of 1,320 barrels of oil equivalent per day, consisting of 1,180 barrels of oil and 0.85 million cubic feet of natural gas per day.
Booming production of crude oil in North Dakota is necessitating significant upgrades in transportation infrastructure in the state.
Editor Keith Schaefer reviews America's increasing oil production, including the unconventional oil plays that have emerged across the U.S., thanks to the "Shale Revolution."
Excess capacity in the Trans-Alaska Pipeline System could provide a means for developing oil existing in Alaskan North Slope shale formations.
Oil and gas company Tamarack Valley Energy recently released an operational update, which indicated that the firm had third quarter production of 1,100 barrels of oil equivalent per day and recently added 10 sections of oil-containing land.
Activity related to the Tyler Formation is spilling from North Dakota to South Dakota, amid industry speculation that the play could contain significant crude reserves.
Magellan Midstream Partners, L.P., a master limited partnership (MLP) formed to own energy assets, announced that its Q311 distribution would be C$0.80 per common unit, which was above the estimates of brokerage firm Wunderlich Securities.