Posts Tagged ‘denver’

US rig count gains six

by on November 9, 2012 6:44 pm BST
Rigs drilling for oil were up by 16 for 1389 while those drilling for gas were down 11 for 413, back to the normal recent trend compared to last week amid an industry-wide pullback in gas drilling.Texas, as usual, was the biggest mover this week, adding 12 rigs for a total of 852. The

QEP posts loss on falling NGL prices

by on October 30, 2012 9:28 pm BST
The Denver-based onshore player blamed the loss on falling prices for natural gas and NGLs.QEP reported $3.1 million in losses for the three months to September after adjustments, a far cry from the $101.5 million a year ago.The loss came on revenues of $542.4 million, compared to

Gas2Grid starts on Philippines wildcat

by on October 24, 2012 4:00 am BST
Drilling on the Jacob-1 wildcat started late Tuesday using the company’s own Gardner Denver 500 SCR 800 HP drilling rig, Rig-2.Jacob-1 is the first of three planned wells Gas2Grid is drilling in SC 44 this year that will target Miocene carbonate reefs and Tertiary age sandstone reservoirs trapped within anticlines.The

Forest Oil sells Louisiana assets for $220m

by on October 12, 2012 2:42 pm BST
The Denver-based outfit said it had signed a deal to offload all of its south Louisiana properties in a transaction expected to close in about a month’s time.Chief executive Patrick McDonald said more “non-core divestitures” were to come as the independent strives to concentrate on lucrative assets