Posts Tagged ‘oil-equivalent’

Golden Gate spuds horizontal well

by on November 6, 2012 2:06 am BST
Drilling of the SRH-5H well started late on Monday and the horizontal lateral will target the Wolfcamp A interval.Based on other horizontal well estimates in the area, Golden Gate believes the SRH-5H well could hold an ultimate resource potential of about 400,000 barrels of oil equivalent, primarily consisting

Husky up but production slips

by on November 1, 2012 11:33 am BST
The Toronto-quoted independent bagged net income of C$536 million (US$535.7 million) in the three months to the end of September as against C$521 million a year earlier.However, average production shrank from 309,000 barrels of oil equivalent per day to 285,000 boepd with both liquids and gas volumes down.The average

Lower output hits Origin’s revenues

by on October 31, 2012 5:11 am BST
Origin generated $224.5 million (US$233 million) over the three months to 30 September, down from A$232.3 million for the third quarter of 2011.The fall in revenue came as output fell from about 6.3 million barrels of oil equivalent a year ago, to roughly 5.7 million boe during the third quarter this year.Origin

Statoil appraisal positive for Peregrino II

by on October 24, 2012 2:58 pm BST
The positive probe proved 85 metres of high-quality oil-bearing sandstone reservoir with net pay of 70%, the company said in a statement on Wednesday. It was intended to confirm a previous volume estimate of between 150 million and 300 million barrels of oil equivalent that Statoil is targeting for the second-