Netherland, Sewell & Associates, Inc. Company News

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Nicolet Permit's Utica Shale Contains OGIP of 8.67 TCF
Tuesday, February 09, 2010The Prospective Original Gas in Place Resources volumes for the Utica Shale on the Nicolet Permit in the St. Lawrence Lowlands is estimated at 8.67 TCF.

Questerre's Utica Shale Discovery Assessed at Over 4 Tcf
Tuesday, September 01, 2009Questerre has announced the estimated prospective original gas in place for its Utica shale discovery in the St. Lawrence Lowlands of Quebec.

Stone Energy Boosts Year-End Natural Gas Reserves
Tuesday, February 10, 2009Stone Energy's estimated year-end 2008 proved reserves were 519 Bcfe (billion cubic feet of natural gas equivalent), as compared with 403 Bcfe at year-end 2007.

Pioneer Adds Proved Reserves of 110MMBOE to Full-Year Production
Wednesday, January 28, 2009Pioneer has added proved reserves totaling 110 million barrels oil equivalent during 2008 from discoveries, extensions, technical revisions and acquisitions.

Compton Responds to Shareholder's Concerns, Point to Poor Gas Production
Monday, December 17, 2007A significant Compton shareholder made a regulatory filing in the United States which included a statement that in its view Compton's common shares are trading at a significant discount to the shareholder's perception of Compton's net asset value.

Sunrise Hires Netherland, Sewell to Report on E. Ukraine Reserves
Friday, June 08, 2007Sunrise Energy Resources, Inc. has hired Netherland, Sewell & Associates to prepare reserve reports on the company's Karaikozovsk and Rakitnyansk block in Eastern Ukraine.

Far East Energy Receives Favorable Engineering Report for Shouyang
Wednesday, June 06, 2007Far East Energy Corp. on Wednesday announced the results of an independent review by Netherland, Sewell & Associates, Inc. (NSAI) of Far East's coalbed methane (CBM) properties in its Shouyang Block in Shanxi Province, China.

Pacific Energy Kicks Off California Campaign
Tuesday, June 05, 2007Pacific Energy Resources, Ltd. has begun an onshore California development drilling program.

Addax Announces Results of Exploration Potential Study
Tuesday, May 22, 2007Addax Petroleum Corp. on Wednesday announced the results of a prospective oil and contingent gas resources report prepared by Netherland, Sewell & Associates Inc. ("NSAI" and the "NSAI Resources Report").

Gulfsands Ups U.S. Proved, Probable Reserves by 31%
Monday, April 30, 2007Gulfsands Petroleum plc on Monday issued an updated reserves study as of December 31, 2006, for its U.S. oil and gas properties.

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.

Afren Issues Results for 2006, Posts Loss
Tuesday, March 27, 2007Afren PLC on Monday released its preliminary results for the year ended 31 December 2006.

EnerGulf: Offshore Namibia Contracts Awarded
Wednesday, March 21, 2007EnerGulf Resources Inc. on Tuesday issued an operational update on Block 1711, located offshore Republic of Namibia.

Afren Secures $200M Debt Facility for Okoro Setu Project
Wednesday, March 21, 2007Afren plc on Wednesday announced the signing of a fully underwritten US$200 million debt facility to finance the development of the Okoro Setu project, in addition to an equity investment.

Addax Reports 18% Boost in Earnings for 2006
Wednesday, March 21, 2007Addax Petroleum Corp. on Wednesday announced its results for the year ended December 31, 2006. The financial results are prepared in accordance with Canadian GAAP and the reporting currency is US dollars.

Kodiak Reports Losses for Q4, Full Year
Monday, March 19, 2007Kodiak Oil & Gas Corp. on Monday reported financial and operating results for the three months and 12 months ended December 31, 2006.

Goodrich Reports Loss for Fourth Quarter
Tuesday, March 13, 2007Goodrich Petroleum Corporation on Tuesday announced financial and operating results for the year and fourth quarter ended December 31, 2006.

Sinopec Secures Drillship for JDZ
Thursday, March 08, 2007Equator Exploration Limited said that Sinopec, as operator on behalf of the participants in Block 2 of the Nigeria and Sao Tome and Principe Joint Development Zone (JDZ), has secured the Aban Abraham drillship to drill a well later this year.

EPL Reports Losses for Q4, 2006
Thursday, March 01, 2007Energy Partners, Ltd. (EPL) on Thursday reported its financial and operational reports for the fourth quarter of 2006 and the full year, including year-end 2006 proved reserves and reserve replacement.

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.

Williams Replaces 216% of US Natural Gas Production
Thursday, February 22, 2007Williams said that its domestic and international proved natural gas and oil reserves as of Dec. 31, 2006, increased to approximately 3.9 trillion cubic feet equivalent (Tcfe).

Teton Announces 2P Reserves of 69.2 Bcf
Tuesday, February 20, 2007Teton Energy Corp. on Tuesday announced its 2006 year-end probable reserves.

Noble to Report 835Mmboe Year-end Reserves
Thursday, February 15, 2007Noble Energy, Inc. said that it expects to record year-end 2006 reserves of 834.6 million barrels of oil equivalent (MMBoe).

Addax Reports 80% Jump in Proved, Probable Reserves
Friday, January 19, 2007Addax Petroleum Corp. announced late Thursday that its Board of Directors has accepted a reserve report prepared by Netherland, Sewell & Associates Inc. that evaluates all of its petroleum reserves.

Equator Clarifies Stake in Gulf of Guinea Interests
Thursday, January 11, 2007Equator Exploration Limited announced in March and April 2006 that it had acquired a 9% participating interest in the Production Sharing Contract relating to Block 2 in the Joint Development Zone between Nigeria and Sao Tome & Príncipe.

Santos Addresses QGC Reserves Announcement
Thursday, November 09, 2006Santos has reviewed in detail Wednesday's announcement by Queensland Gas Company Limited (QGC) with respect to a report from Netherland, Sewell and Associates Inc (NSAI).

Reserve Study Yields 6.8M BOE at South Belridge to Orchard
Monday, August 21, 2006Orchard Petroleum Limited (Orchard) and Orchard Petroleum Inc. (OP Inc.) are pleased to provide a market update on a recent reserve study conducted at the South Belridge Project in the San Joaquin Basin of California.

Gulfsands: NPV of Worldwide Proved and Probable Reserves is $426 Million
Monday, July 24, 2006Gulfsands Petroleum plc, which has activities in the U.S., Syria, and Iraq, said that Ryder Scott Co., L.P. has completed an economic evaluation of the probable and possible reserves (unrisked) on the Tigris structure in Block 26, Syria.

Storm Cat to Acquire Powder River Basin Properties
Tuesday, July 18, 2006Storm Cat Energy Corp. said that it has signed a definitive purchase and sale agreement with Bill Barrett Corp. to acquire approximately 25,200 gross acres in the Powder River Basin coalbed methane (CBM) play in Campbell County, Wyo.

Pacific Energy Signs Deal for Majority Stake in Beta Unit
Monday, July 10, 2006Pacific Energy Resources Ltd. said that it has signed a definitive purchase and sale agreement with Aera Energy LLC regarding the sale of its 71% interest in the Beta Unit, offshore California.

EnerGulf Hires Firm to Assess Block Offshore Namibia
Monday, June 12, 2006EnerGulf Resources said that it has engaged Netherland Sewell & Associates, Inc. to provide an Independent Assessment of Prospective Resources Report on Namibia Block 1711.

Kerr-McGee Hires Netherland, Sewell for Reserves Review
Thursday, July 08, 2004Kerr-McGee has contracted with Netherland, Sewell & Associates, Inc. to review the company's processes for assessing oil and natural gas reserves worldwide.