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Working interest

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News archive for Working interest

Endeavour Adds Partner to Agat Licenses in Norway  -  28 Aug 2007
CNNMoney.comLast month, Endeavour announced that it would assume operatorship of PL270 from RWE Dea Norge AS and increase its working interest in the license.

LL&E Royalty Trust Announces No Distribution for September 2007  -  28 Aug 2007
Business Wire (press release),As more fully described in the Annual Report, the Working Interest Owner ("Owner"), under the terms of the Trust Conveyances, is permitted to escrow funds

Orca Exploration announces new oil exploration venture in Uganda  -  28 Aug 2007
Canada NewsWire (press release),On completion of the interpretation of the seismic data, expected by Q1 2008, Orca will have the exclusive right to acquire a 50% working interest in

WallStreetAnalystReport.com: VIASPACE (OTC BB: VSPC) Expands with ...  -  28 Aug 2007
TransWorldNews (press release),OB - News) announced today the acquisition of a 25 percent working interest in the producing property named Auzy in Kansas .

Aggressive Stock Alert: UCPI! August 28, 2007  -  28 Aug 2007
Market Wire (press release)Unicorp has an approximate 33% working interest before payout (25% after payout) in the initial two wells and an approximate 25% working interest in all

Milagro Energy Inc.: Interim Operational Update  -  28 Aug 2007
Market Wire (press release)Alberta (100% working interest) for additional Fahler zones in the immediate future and has recently recompleted a commingling operation at Kakwa (7%

Sterling encounters dry well, delay  -  28 Aug 2007
EnergyCurrent,Sterling has a 50 percent working interest and is the operator of this well. As a result of farmout arrangements, Sterling will essentially be carried for

Madalena Ventures Inc. Financial and Operating Results  -  28 Aug 2007
Market Wire (press release)Madalena will pay 30% of the well costs to earn a 15% working interest in approximately 600000 acres in the Block. The first exploration well to be drilled

Apex Resources Group Announces Appointment of New Director and ...  -  Aug 27, 2007
CNNMoney.comApex Resources Group Inc. owns 3.745% working interest in the Itiyok 1-27 Well in the Beaufort Sea and the completion of the Mackenzie Valley Pipeline will

Excelsior Reports Results for Second Quarter 2007 and Provides an ...  -  Aug 27, 2007
Market Wire (press release)Executed a Letter of Intent to acquire an additional 22.5% working interest in the Hanginstone Property. This transaction closed on July 13, 2007.

Lynden Ventures Ltd.: Paradox Basin Project Update  -  Aug 27, 2007
Market Wire (press release)Lynden has a 25% before payout working interest (23.75% after payout working interest) in an 85% to 87% net revenue interest in the Southern Prospect Area.

Horizon Exercises Option to Acquire Significant Working Interest ...  -  Aug 22, 2007
Earthtimes.orgHorizon has the right to participate in additional lands acquired within both AMI's in proportion to its Working Interest ownership.

Cygam's Partner Forfeits Part of Its Interest in the Jorf Prospect ...  -  Aug 24, 2007
Market Wire (press release)To date, Pennine has paid 15% of the seismic costs and has agreed with Cygam that they will earn a working interest of approximately 2.3% (subject to

Acquiring Working Interest Percentages in Oil & Gas Projects  -  Aug 7, 2007
PR Web (press release),Instead, the company has acquired working interest percentages in more than a dozen oil and gas wells and has a booming success rate.

Petro Resources Acquires Interest in New Mexico Acreage  -  Aug 20, 2007
CNNMoney.comPetro Resources Corporation (AMEX: PRC) announces acquisition of working interest in the El Vado East prospect in New Mexico. The El Vado East prospect is

NaiKun Wind Energy Group Reveals Sale Of 9.375% Working Interest ...  -  Aug 3, 2007
Trading Markets,V | charts | news | PowerRating) revealed the sale of a 9.375% working interest in the gas well at Acadia for $12000, effective transaction date of March 1,

Mesa Offshore Trust Announces No Trust Income for July 2007  -  Aug 23, 2007
Business Wire (press release),The Trust did not receive any Royalty income from the Working Interest Owner for the month of July 2007. As of June 30, 2007, the Working Interest Owner

Drillsearch has a bit of production  -  Aug 26, 2007
Sydney Morning Herald,ExxonMobil will be paying 85 per cent of the well costs to earn a 65 per cent working interest in the permit, leaving Drillsearch to pick up 15 per cent of

Unicorp Reports Second Quarter Operational Update  -  Aug 23, 2007
Business Wire (press release),Effective June 1, 2007, the Company closed on a transaction and acquired a 100% working interest, 75% net revenue interest, in the Welsh Field located in

FX Energy Mid-Year 2007 Operations Update: Record Production ...  -  Aug 22, 2007
CNNMoney.comFX Energy holds 24.5% and 82% working interest, respectively, in the Zaniemysl and Wilga wells, which started producing in the fourth quarter of 2006.

Unicorp Announces Operations Have Begun on Its 8000 Gross Acre ...  -  Aug 27, 2007
Business Wire (press release),Unicorp has an approximate 33% working interest before payout (25% after payout) in the initial two wells and an approximate 25% working interest in all

Renova Orgsintez acquired a stake in Khimprom.  -  Aug 27, 2007
Analytical Information Agency,Renova Orgsintez acquired the working interest in Khimprom (Cheboksary) which is one of the leading chemical entities in Russia, the company informed.

EnerJex Resources Enters Into Well Development Agreement With ...  -  Aug 21, 2007
CNNMoney.comIf Euramerica exercises its option to purchase the Property, Midwest's 10% management fee will convert into a 5% carried working interest in the Property.

Wall St. Reporter Interviews Mogul Energy International, Inc ...  -  Aug 23, 2007
CNNMoney.comMogul currently has a 20% working interest in the EWA Concession which is located north of Rally Energy's Issaran Field, northwest of BP's October Field and

SOURCE: Dynamic Natural Resources, Inc.  -  Aug 27, 2007
Market Wire (press release)Dynamic owns on average a 50% working interest in the first 3 wells, and is awaiting a title opinion on the last 2 wells, which should have ownership of

Pearl Closes Acquisition of Additional Interest in Producing ...  -  Aug 8, 2007
OilVoice (press release),Pearl Exploration and Production Ltd. has completed the acquisition of a 24% working interest in the Mooney oil field from Ravenwood Energy Corp.,

GeoResources, Inc. Reports Second Quarter and Six-Month Results  -  Aug 13, 2007
CNNMoney.comThe Company and its affiliated partnership hold a 90% working interest. The Company is the operator of the wells and, as general partner,

Mergers and acquisitions  -  Aug 27, 2007
Minneapolis Star Tribune (subscription),Avalon Oil & Gas Inc., Bloomington, purchased a 16 percent working interest in the Hughs No. 1 well in Noble County, Oklahoma. Motor Books International

American Electric Power To Sell Its 50% Interest In Sweeny ...  -  Aug 21, 2007
RTT News,Murphy, as Operator, has an 80% working interest in the Kikeh Field with PETRONAS Carigali Sdn Bhd holding the remaining interest. "Predrilled wells in the

Vaalco subsidiary buys interest in offshore block  -  Aug 9, 2007
Bizjournals.com,A subsidiary of Vaalco Energy Inc. has agreed to buy a 25 percent working interest in a United Kingdom offshore block from Bow Valley Petroleum (UK) Ltd.

VAALCO Acquires Interest in UK North Sea Exploration Prospect  -  Aug 9, 2007
CNNMoney.com...whereby it will acquire through farm-in from Bow Valley Petroleum (UK) Limited a 25% working interest in the UK Offshore License P1285, Block 9/28b.

EPL’s Gobe will retire as president  -  Aug 27, 2007
New Orleans CityBusiness,Bayou Bend, based in Canada with a New Orleans subsidiary, holds a roughly 21 percent working interest in the initial well. It has a participation agreement

Gawler Resources Announces Completion Of Acquistion Of Interest in ...  -  Aug 13, 2007
OilVoice (press release),Gawler Resources Limited announces the completion of the acquisition of a 25% working interest in the Pompano gas field development and exploration project

Stonefire Energy generates positive cash flow in second quarter ...  -  Aug 20, 2007
Oilweek Magazine,The Corporation‘s gross land base increased by 15 percent to 21600 gross acres (33.75 sections) with an average working interest of 66 percent,

American's Sims 15-26H Well Commences Production Testing  -  Aug 8, 2007
CNNMoney.comAmerican is being carried through the tanks in this phase of the drilling program for a 23.125% working interest in each of the three to four wells,

Teton Energy Provides Second Quarter 2007 Operations Update  -  Aug 9, 2007
CNNMoney.comThe Company intends to drill 36 gross wells this year and has three rigs operating on its 6314 gross acre project with a 25% working interest.

ATP Reports Second Quarter Results and Operational Update  -  Aug 9, 2007
OilVoice (press release),Ship Shoal ("SS") 351 (100% Working Interest) - ATP achieved successful drilling results in two wells at SS 351 and expanded its drilling program at this

Anterra Announces Second Quarter Results and Operations Update  -  Aug 20, 2007
Market Wire (press release)Despite weather related delays, the Company executed an aggressive second quarter program, drilling three 100% working-interest oil wells and completing and

Double Eagle Petroleum Reports 2nd Quarter Results  -  Aug 8, 2007
CNNMoney.comAfter all the additional 33 wells are drilled, Double Eagle will have an overall working interest of 73.84% in the entire participating area that

Meridian Provides Update On Operations and Continued Execution of ...  -  Aug 7, 2007
CNNMoney.comMeridian is the operator of the field, and depending on participations and acreage contributions, will hold up to 75% working interest in each unit.

ATP reports second quarter operations update  -  Aug 9, 2007
Oil Online,Ship Shoal (“SS�) 351 (100% Working Interest) – ATP achieved successful drilling results in two wells at SS 351 and expanded its drilling program at this

WIN Energy Corporation Files Q2 2007 Interim Financial Report  -  Aug 24, 2007
Canada NewsWire (press release),WIN is the operator of this well and its working interest is 100%. - WIN finalized negotiations with a third party to commence third party processing of

Strategic Metals Ltd. Announces Three Drills Now Working on ...  -  Aug 16, 2007
Market Wire (press release)Upon earn-in, Strategic will hold a 30% working interest and a 1% net smelter return royalty. Largo has the further optional right to purchase the 30%

Brigham Exploration Announces Second Successful Home Run Field ...  -  Aug 6, 2007
CNNMoney.comBrigham will retain a 40% working interest in both wells. Bud Brigham stated, "Our Southern Louisiana Bayou Postillion Project has generated outstanding

Comstock Resources, Inc. Reports Second Quarter 2007 Financial and ...  -  Aug 6, 2007
CNNMoney.comComstock will have a 69% working interest in the well. If successful, Comstock plans to incorporate additional horizontal wells in its development drilling

IRONHORSE OIL & GAS INC. REPORTS SECOND QUARTER 2007 RESULTS  -  Aug 22, 2007
Filing Services Canada (press release),The Company has a 50% working interest throughout this field in both the production and the infrastructure. In 2006, the Company produced natural gas from

Mogul Energy Announces Letter of Intent with Sea Dragon Energy ...  -  Jul 31, 2007
CNNMoney.comIf the Business Combination is completed as outlined in the LOI, Mogul Energy's working interest in the East Wadi Araba Concession would increase from 20%

Triton Announces Second Quarter 2007 Results  -  Aug 23, 2007
Market Wire (press release)The Corporation also has 7715 net acres of undeveloped land in the area on which four additional 100% working interest drilling locations have been

BG Group plc Partners With Canadian Superior and Challenger Energy ...  -  Aug 16, 2007
CNNMoney.comUnder the terms of the farm-in and joint operating agreements, BG acquires a 30% working interest in Canadian Superior's "Intrepid" Block 5(c) Production

Texalta Petroleum Ltd.: Saskatchewan Operations Update  -  Aug 22, 2007
Market Wire (press release)Texalta has a 50% working interest in this well. The company is also pleased to report that two additional wildcat exploratory test wells will be drilled




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