Exploration and development vehicle ShaMaran Petroleum (SNM:TSXV) recently announced a private placement that could raise as much as C$50 million and provided an update on the Pulkhana wells in Iraq.
Energy services company Key Energy Services Inc. (KEG:NYSE) has a bullish outlook for next year in part because because of strong land fundamentals in the U.S., according to investment bank Raymond James.
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.
Energy services company Patterson-UTI Energy Inc.'s (PTEN:NASDAQ) 3Q11 results indicated earnings per share (EPS) of C$0.53, around 140,000 horsepower (hp) worth of pumping equipment deployed so far this year and seven new APEX rigs completed during the period.
Recently released Q3 results indicate that Canadian natural gas producer Progress Energy Resources (PRQ:TSX) generated cash flow per share (CFPS) of C$0.22 and produced an average of 42,937 barrels of oil equivalent per day.
On October 25, New York State Environmental Conservation Commissioner Joe Martens said his group won't be able to generate its report on drilling in the Marcellus Shale by November 1, creating uncertainty surrounding the timeline for issuing drilling permits for New York's portion of the Marcellus.
A new study released by Pennsylvania State University has found that hydraulic fracturing or "fracking" does not contaminate well water.
On October 26, a Pennsylvania State Senate panel approved the latest updates to preliminary Marcellus Shale legislation.
