Quicksilver Resources and Eni Form Strategic Alliance to Develop Unconventional Natural Gas Resources

Quicksilver Resources Inc. announced today that it has formed a strategic alliance with major integrated energy company Eni for acquisition, development and exploitation of unconventional natural gas resources in an area covering approximately 270,000 acres surrounding Quicksilver’s Alliance properties in the Fort Worth Basin. The parties have executed a definitive purchase agreement whereby Eni will acquire 27.5% of Quicksilver’s Alliance... Read more..

U.S. Energy Corp. Announces Investment in Geothermal Entity

U.S. Energy Corp. announced that it has invested $3.445 million in Standard Steam Trust LLC, a private geothermal exploration and development company based in Denver, Colorado. Current capitalization of SST (with other partners) is $13.8 million (25% USE), which now includes approximately 60,000 acres of BLM, state and fee leases in seven prospect areas in three states. Acreage accumulation is ongoing, with 15,216 acres (included in the figure above)... Read more..

Premium Petroleum Corp.: Continues to Seek up to $5,000,000 in Financing to Tie-in Existing Wells and to Fund Additional Drilling

Premium Petroleum Corp. continues to pursue financing alternatives. Debt, equity, and joint venture options are being reviewed. The financing proceeds will be used to: equip and tie-in our Viking gas well (9-22); (approximately 1100 yards to the tie-in point), to test, complete, equip, and tie-in our Upper Grand Rapids Flowing Oil Sands well (14-15); to expand our drilling program; and for general working capital purposes. It is anticipated that the... Read more..

Earth Search Sciences Appoints New Chief Scientist

Earth Search Sciences, Inc., a technology company focused on the development of domestic, inland oil resources, today announced the appointment of a key addition to its senior management team. Michael D. Lockhart has been appointed as Earth Search’s Chief Scientist. As Chief Scientist, Lockhart is responsible for developing and implementing a comprehensive technology strategy for Earth Search (ESSI). Lockhart has developed more than 30 patentable... Read more..

Hyperdynamics Adds Dr. Tai-Lin Hong to Geoscience Team

Hyperdynamics Corporation announced that Dr. Tai-Lin Hong has been contracted to enhance its core geoscience team working on the Republic of Guinea offshore exploration project. Dr. Hong has extensive experience on exploration teams at Exxon Production Research Company, British Petroleum Company, and Unocal. Dr. Hong will perform scientific analysis including velocity picking, AVO analysis, and post and pre-stack depth migration processing. Since... Read more..