Latest Conventional News

Apache's North Sea well flows better than expected

May 16, 2012

Apache Corp. today announced that an extension well had initial production rates higher than any oil well drilled at the Beryl Field in the UK North Sea since 2001.

Credo Petroleum discovers 6 oilfields in Kansas, Nebraska

May 9, 2012

Credo Petroleum Corp., an independent oil and gas exploration and production company with assets in North Dakota, Kansas, Nebraska, Texas and Oklahoma, has updated its Kansas and Nebraska drilling project with the discovery of six new oilfields. 

Legacy Reserves acquires Rockies oil

May 1, 2012

Legacy Reserves LP announced today it has entered into an agreement to purchase oil properties in North Dakota and Montana for $70.8 million in cash. These properties have current net production of approximately 776 barrels of oil equivalent (Boe) per day.

BP to sell Hugoton Basin conventional gas properties to LINN Energy for $1.2B

Feb 27, 2012

LINN Energy LLC signed a definitive purchase agreement to acquire Hugoton Basin properties located in Kansas from BP America Production Company for $1.2 billion.

EnerJex completes 50th new well in Rantoul Project

Jan 5, 2012

San Antonio-based EnerJex Resources Inc. (OTCMarkets:ENRJ) said Jan. 5 that it has completed drilling 50 new wells in its Rantoul Project located in Eastern Kansas.

EnerJex sells $4 million in non-core assets

Dec 21, 2011

San Antonio-based EnerJex Resources Inc. said Dec. 21 that it has sold certain non-core assets in eastern Kansas for $4 million in cash.

SandRidge and Atinum Partners in $500 million JV in Mississippi Lime formation

Aug 4, 2011

On Aug. 4, SandRidge Energy (NYSE: SD) said it has entered into a joint venture with an affiliate of Atinum Partners Co., Ltd., a private investment firm located in the Republic of Korea.

ExxonMobil to extract additional oil from West Texas field

May 10, 2011

ExxonMobil Production Company said May 10 that drilling and construction have started on an enhanced oil recovery project at the Means Field in Andrews County, Texas.

Iraq's West Qurna I field reaches oil production milestone

Mar 28, 2011

On March 28, ExxonMobil Iraq Limited, together with the South Oil Company of Iraq and co-venturers Shell West Qurna BV and Oil Exploration Company of Iraq, announced a major production milestone in the redevelopment of the West Qurna I oil field in Southern Iraq.

Saratoga Resources resumes production from Little Bay Field

Feb 23, 2011

Independent exploration and production company Saratoga Resources Inc. has resumed production from the previously shut-in Little Bay Field in Saint Mary Parish, Louisiana.