DeGolyer & MacNaughton Company News
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Brazil's OGX Says Field May Have Third of Expected Oil
Thursday, October 03, 2013Brazil's OGX Petróleo e Gás Participações says its Tubarão Martelo offshore oil field has 87.9 million barrels of "probable" oil equivalent, less than a third of the total it called recoverable when it declared the area commercially viable last year.
Brazil-West African Connection Sparks Subsalt Oil Search
Friday, April 09, 2010Oil companies are taking a fresh look at West African prospects as they seek to replicate the huge discoveries made in a Brazilian region with a similar geology.
Rosneft's Total Proved Reserves Up 2.5%
Monday, February 08, 2010At year-end 2009, Rosneft had estimated net proved reserves of 22,858 million boe, including 18,058 million barrels of oil and 28,801 bcf of gas.
Hamburg Acreage Estimated at 10.57 TCF Original Gas-In-Place
Wednesday, January 06, 2010Mooncor has received National Instrument 51-101 compliant reports related to its entire shale gas acreage located in the Hamburg area of Northwest Alberta.
OGX Gets Boost to 6.7B Barrels, Expects Vesuvio Reserves to Rise
Tuesday, November 10, 2009DeGolyer & MacNaughton has increased OGX's risked oil resources to 6.7 billion barrels of oil equivalent. The company will now expedite its drilling campaign of some 26 wells offshore Brazil.
Sovereign Explorer Spins Bit on Block BM-S-29
Thursday, August 13, 2009OGX announced in its second quarterly results that it is starting up drilling operations with Maersk on block BM-S-29 using Transocean's Sovereign Explorer.
Bankers Petroleum Cites Albanian Reserves Increase in 2008
Friday, March 27, 2009Bankers Petroleum reported that its proved, probable and possible reserves increased in 2008.
OGX Gears Up for Offshore Brazil Drilling in Campos, Santos Basins
Thursday, March 26, 2009During the next four years, OGX expects to invest $3 billion, with $2 billion allocated for exploration. In 2009, OGX will be drilling six wells in the Campos and Santos basins, with drilling of the first well scheduled for mid-year in Block BMS-29.
Rosneft Grows Total Proved Reserves in 2008
Monday, March 02, 2009In 2008, Rosneft's proved hydrocarbon reserves grew 2.8% over 2007, with oil reserves increasing by 1.0% and gas reserves increasing by 10.2%.
Noreco Bumps Up Oil, Gas Reserves by 7.5MM BOE
Thursday, February 12, 2009Noreco increased its oil and gas reserves by over 7.5 million barrels of oil equivalents in 2008, giving a reserve replacement ratio of 145%.
Novatek Boosts Year-End Reserves by 504MMBOE
Monday, February 09, 2009Novatek added approximately 504 million barrels of oil equivalent of proved reserves under SEC1 standards, inclusive of 2008 production, and produced approximately 219 million boe2 during the year.
Urals Energy Divests Non-Core Assets in Komi Republic
Wednesday, December 31, 2008Urals Energy has completed the sale of certain of its non-core assets in the Komi Republic.
Deep Well Spuds First of 7 Wells on Sawn Lake Oil Sands Project
Friday, December 05, 2008Deep Well has successfully spudded the first of the planned seven wells of the Sawn Lake Project.
Norse Energy Highlights Third Quarter E&P for Brazilian, US Assets
Tuesday, November 11, 2008Norse Energy Corp. has provided a third quarter operational report for its Brazilian and US assets.
Verenex's O&G Resource Estimates Increase for Libya's Area 47
Monday, November 03, 2008Verenex reported that an assessment of the company's oil and gas resources has been updated by D&M, and the best estimate of gross contingent resources and risked mean estimated of gross prospective resources increased by 36% to 2.15 billion barrels.
Madagascar Oil Ups Tsimiroro Resource Estimates to 1.3B Barrels
Wednesday, October 01, 2008Madagascar Oil has increased its resource estimates for the heavy oil field Tsimiroro to up to 1.3 billion barrels of oil in place, based on the company’s successful 2008 drilling program.
Indus Provides Operations, Financial Update
Monday, September 29, 2008Indus provided an operations update and a summary of the unaudited combined financial information of its two subsidiary companies, iServices and Newbury Oil Co., for the period ended March 31, 2008.
D&M Estimates Deep Well's Original Oil in Place at 1.2B Barrels
Wednesday, September 03, 2008Deep Well announced that D&M, an independent engineering company, has summarized the original oil in place for the Sawn Lake Project and has estimated that net there is 1.2 billion barrels, a substantial increase from Deep Well's estimate of 819.5MM.
Verenex Cites Third Party Assessment of O&G Resources in Libya's Area 47
Tuesday, August 05, 2008Verenex Energy announced the results of a third party assessment of oil and gas contingent and prospective resources in Area 47 in Libya, which includes a best estimate for contingent discovered oil resources of approximately 340 million barrels.
Gulfport Says Third Party Assessment of Grizzly Oil Sands Confirms OOIP
Wednesday, September 26, 2007Grizzly has received a letter from DeGolyer and MacNaughton Canada Limited ("D&M") detailing its review of the Original Oil In Place on Grizzly's land holdings.
Pacific Energy Kicks Off California Campaign
Tuesday, June 05, 2007Pacific Energy Resources, Ltd. has begun an onshore California development drilling program.
Geopark Reports Successful Workover in Chile
Friday, May 25, 2007Geopark Holdings Limited announced the successful completion of its workover of the Santiago Norte 2 well in the Fell Block in Chile, where Geopark operates and has a 100% working interest.
Victoria to Run Another Test at West Medvezhye Well
Tuesday, May 22, 2007Victoria Oil & Gas Plc on Tuesday announced progress on the testing of Well 103 at its West Medvezhye gas and condensate project in Russia.
EnDevCo Adds Pay in Oklahoma Field
Monday, May 14, 2007EnDevCo, Inc. on Monday reported the successful recompletion of the West Short Junction Unit (WSJU) #146 well, with initial production of 375 thousand cubic feet (Mcf) of gas and eight barrels of oil (BO) per day through a 16/64" choke.
Imperial Energy Discusses Reserves with Russian Officials
Friday, May 11, 2007Imperial Energy, together with other resources companies operating in Russia, on Friday met with representatives from the country's Ministry of Natural Resources and DeGolyer and MacNaughton.
EnDevCo Announces Proved Reserves for Short Junction
Thursday, May 03, 2007EnDevCo, Inc., the Energy Development Company, said that DeGolyer and McNaughton (D&M) has completed its proved reserves assessment for the Company's Short Junction Field located in Cleveland County, Okla.
Lukoil Corrects Press Reference to Auditing Firm
Thursday, April 19, 2007The article "Mitvol Will Audit the Auditors" in the April 19, 2007, issue of the Moscow daily <I>Gazeta</I> incorrectly refers to OAO Lukoil as a client of the DeGolyer & MacNaughton auditing firm, the Russian integrated oil company said.
Maurel & Prom Reports Sharp Increase in Earnings
Thursday, March 29, 2007Maurel & Prom on Thursday announced its full-year results for 2006.
Madagascar Oil Raises $85M for Exploration, Opens New Head Office
Thursday, March 29, 2007Madagascar Oil Limited has closed on a 24-month Equity-Linked Development Capital Facility in the amount of $85 million. In addition, it plans to open a new corporate head office in Houston.
Cairn Reports Loss for 2006
Tuesday, March 27, 2007Cairn Energy PLC on Tuesday announced its preliminary results for 2006. The company posted an after-tax loss of $82 million for the year, compared to a net profit of $79.1 million the previous year.
Imperial Wins Maiskoye Field Production License
Tuesday, March 13, 2007Imperial Energy Corp. PLC on Tuesday announced a new 20-year Exploration and Production License in respect of the Maiskoye Field, Block 70, Tomsk, Western Siberia, Russian Federation.
TXCO Posts Loss for Q4, Lower Profit for 2006
Tuesday, March 13, 2007The Exploration Co. (TXCO) late Monday reported results for its year and quarter ended Dec. 31, 2006.
Imperial Energy Reports 150% Jump in Tomsk 2P Reserves
Tuesday, March 06, 2007Imperial Energy Corp. PLC on Tuesday announced a significant increase in its reserves figures following the completion of a DeGolyer and MacNaughton ("D&M") independent reserves audit conducted on 15 of its principal oil fields in the Tomsk Region.
TNK-BP Replaces 129% of Production with New Reserves
Tuesday, March 06, 2007TNK-BP on Tuesday released the results of the independent audit of its reserves as at the end of 2006. This represents the fourth annual audit of the company's reserves since its creation in August 2003.
Petrolifera Reports 75% Boost in Proved Reserves
Thursday, March 01, 2007Petrolifera Petroleum Limited said its total proved oil reserves ("1P") increased by 75 percent to 10.5 million barrels during 2006 compared to estimates of six million barrels at December 31, 2005.
Venoco Boosts Proved Reserves by 85%
Thursday, February 22, 2007Venoco, Inc. said that its total proved reserves as of December 31, 2006 were 87.9 million barrels of oil equivalent (MMBOE), up from 47.6 MMBOE at year-end 2005, representing an 85% increase.
Imperial Energy Issues Update on Production, Reserves
Monday, February 05, 2007Imperial Energy Corp. PLC released an update on its production, reserves, pipeline and the results of its latest seismic survey covering its North Torgai Block, Kostanai Region, Kazakhstan.
EOG Reports 2006 Results, Ups Dividend
Friday, February 02, 2007EOG Resources, Inc. on Thursday reported fourth quarter 2006 net income available to common of $237.2 million, or $0.96 per share.
Imperial Energy Reports 41% Jump in 2P Reserves
Tuesday, January 23, 2007Imperial Energy Corp. PLC on Tuesday announced a 41% increase in its independently reported 2P reserves resulting from further analysis by DeGolyer and MacNaughton (D & M) of its interest in the Kiev-Eganskoye Field.
Urals Energy Issues Ops Update
Tuesday, January 23, 2007Urals Energy has made significant progress at Dulisma. The company's field development plan has been approved by the Russian Government.
Victoria Reports Early Results for West Medvezhye
Monday, January 15, 2007Victoria Oil & Gas Plc, the AIM-quoted oil and gas company focused on the Former Soviet Union, on Monday announced preliminary test results of Well 103, at its West Medvezhye gas and condensate project in Russia.
DeGolyer & McNaughton to Audit Petrobras' New Finds
Tuesday, December 12, 2006Brazil's federal energy company Petrobras has hired international auditing company DeGolyer & McNaughton to audit new discoveries in the country.
Victoria Begins Mobilization for West Medvezhye Project
Monday, December 04, 2006Victoria Oil & Gas Plc, which is focused on the Former Soviet Union, on Monday announced the commencement of mobilization for drilling of its new exploration well, Well 105, at its West Medvezhye gas and condensate project in Russia.
Petrolifera Reports 72% Reserves Increase
Tuesday, November 28, 2006Petrolifera Petroleum Limited said that its proved oil reserves have increased 72 percent during 2006 to 10.3 million barrels, after production of approximately 1.5 million barrels through October 31, 2006.
Rosneft and Sinopec to Jointly Control Udmurtneft
Friday, November 17, 2006Rosneft Oil Company and Chinese Petrochemical Corporation (Sinopec) have executed the bilateral agreements indicative of successful development of cooperation between the largest national oil companies of Russia and China.
Forest Creates Alaskan Subsidiary
Thursday, November 02, 2006Forest Oil Corporation on Thursday said that it has transferred the majority of its Alaska Business Unit as of October 31, 2006, to a new subsidiary, Forest Alaska Operating LLC (Alaska).
Victoria Issues Update on Well 103, Further West Medvezhye Development
Monday, July 24, 2006Victoria Oil & Gas Plc, which has operations in the former Soviet Union, said that it has made progress on Well 103 at its 100% owned West Medvezhye gas and condensate project in Russia and plans for its 2007 development program.
Reserves Increased at West Medvezhye Gas Field After Feasibility Study
Wednesday, January 25, 2006D&M's conclusions independently confirm a significant prospective recoverable resource volume of 5.5 trillion cubic feet of gas and 170 million barrels of recoverable liquids for the entire West Medvezhye license.