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MegaWest Energy Corp

MegaWest Energy Corp

  MegaWest Energy Corp.
Suite 800, 926 5th Ave SW
Calgary, Alberta, T2P 0N7

MegaWest Energy Corp. is a Calgary based oil and gas company, (OTC BB: MGWSF) (Cusip: #585168 107), specializing in non-conventional oil and gas projects with an initial focus on North American heavy oil. MegaWest Energy has acquired and continues to acquire large blocks of acreage known to contain substantial deposits of heavy oil. MegaWest Energy will create shareholder value by producing heavy oil using various methods of thermal and enhanced recovery. The underpinning for MegaWest Energy’s strategy is the convergence of the necessity for North American security of energy supply, current world oil prices, and significant commercial developments in thermal recovery technologies. MegaWest Energy seeks to prove up significant reserves and achieve early production from its properties encompassing over 70,000 acres in four project areas – Texas, Kentucky, Missouri, and Kansas. Through delineation drilling and the completion of pilot production tests, MegaWest Energy plans to establish proven and producing reserves this year.

Latest MDU Resources Group Inc News

MDU Resources closes on Powder River Basin acquisition

MDU Resources Group Inc. reports that its indirect wholly owned subsidiary, Fidelity Exploration & Production Co., has closed on the purchase of oil and natural gas production assets in Converse County, Wyoming, in the southern Powder River Basin.

MDU subsidiary to purchase Powder River Basin assets

MDU Resources Group Inc.'s subsidiary, Fidelity Exploration & Production Co., has agreed to purchase working interests and leasehold positions in oil and natural gas production assets in the southern Powder River Basin of Wyoming from undisclosed private sellers.

WBI Energy’s Dakota Pipeline moves forward

WBI Energy Inc. is moving forward with its plans  for a 375-mile natural gas pipeline stretching from western North Dakota to northwestern Minnesota. An open season seeking capacity commitments has begun.

MDU Resources, Calumet partner on diesel refinery to process Bakken crude oil

MDU Resources Group Inc. (NYSE: MDU) and Calumet Specialty Products Partners LP (NASDAQ: CLMT) have formed a joint venture to develop, build and operate a diesel refinery in southwestern North Dakota to process Bakken crude oil.

Still in early stages of development, Niobrara may yield huge oil potential

The Niobrara formation is a commercial hydrocarbon reservoir located in Colorado and Wyoming (and small parts of Nebraska and Kansas).

Companies operating in the Bakken profiting from high crude oil prices

The Bakken Shale play in North Dakota, Montana, and neighboring Canadian provinces is primarily an oil play.

Weekly Update: Mitsui spends big to enter Eagle Ford

As the second quarter of 2011 draws to a close, the Eagle Ford shale play took the headlines.

Energy Players

Pride International Inc. has named Rodney W. Eads to the position of executive vice president and COO, where he will assume responsibility for the company’s worldwide offshore operations and eastern hemisphere land assets.

OGJ 150

Revenue, net income show small increases in 4Q2012

May 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal grew in the final...

Helix completes sale of oil and gas business

Feb 6, 2013 Helix Energy Solutions Group Inc.has closed the previously announced sale of Energy Resource Technology GOM Inc. (ERT), the company’s oil and gas s...

Revenue, net income drop sharply in 3Q12

Feb 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal continued their d...

WPX Energy makes natural gas discovery in Niobrara formation

Jan 23, 2013 Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado ...

Helix to divest oil and gas subsidiary to grow well intervention business

Dec 13, 2012 International offshore energy company Helix Energy Solutions Group Inc. has agreed to sell its oil and gas subsidiary to privately-held upstream oi...


FourPoint raises $1B in capital, partners with EnerVest in Anadarko Basin

Jan 31, 2014 FourPoint Energy LLC has acquired certain producing and undeveloped oil and gas properties and related midstream assets in the Western Anadarko Bas...

OGFJ100P company update

Jul 11, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

Maverick Brothers Energy gets $35M in equity capital from Post Oak Energy

Apr 8, 2013 Post Oak Energy Capital LP, through investment partnerships it manages, has commitment of $35 million in equity capital to privately held explorati...

Midstates Petroleum to acquire Anadarko Basin assets from Panther Energy

Apr 4, 2013

OGFJ100P company update

Jan 1, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

Oil & Gas Companies

Shell reports Malaysia deepwater gas discovery

Shell has announced an exploration discovery offshore Malaysia. The successful Rosmari-1 well is located 135 kilometers offshore in Block SK318, and was drilled to a total depth of 2,123 meters.

Cunningham Energy plans ‘Dragon’s Breath’ horizontal well program

Cunningham Energy LLC is planning three additional new shallow horizontal oil wells to be drilled in Clay County, West Virginia, from the “Dragon’s Breath” pad, with specified measured depths ranging from 4,750 feet to 5,200 feet.

L&L Energy to voluntarily delist from NASDAQ

L&L Energy Inc., a US-based company with energy (coal) operations in China, has notified NASDAQ Stock Market LLC of its intention to voluntarily delist its common stock (LLEN) from the NASDAQ.

Weatherford to move headquarters to Ireland

Weatherford International Ltd. has made plans to move its corporate headquarters from Switzerland to Ireland, after the Swiss government handed investors authority to rein in top-level executive pay.

Cantex Energy announces new president, headquarters

Cantex Energy Corp. reports that its board of directors has hired Paul Henley as CEO and president. Additionally, the company’s corporate headquarters will be moved to Dallas, Texas.

Weatherford to cut back Venezuela operations

This year, Weatherford International Ltd. plans to reduce its operations in Venezuela, while expanding its operations in Russia, according to Reuters.

Oil Basins receives grant for Derby Block

The Western Australian Department of Mines and Petroleum has confirmed to Oil Basins Ltd. that the grant of the Derby Block (formerly 5/07-EP), as Permit EP 487, has been made for a period of six years.