Vintage Petroleum Company News

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Bolivia: Four Companies Operating Under New Contracts
Wednesday, June 27, 2007Four of the 12 hydrocarbons companies that signed contracts with Bolivia's government are operating under the new deals, according to hydrocarbons and energy minister Carlos Villegas.

Meridian: On Track with Business Plan
Wednesday, May 09, 2007The Meridian Resource Corp. on Tuesday reported its current status on the momentum of its business plan designed for growth in reserves and production based on a balanced portfolio of high-potential and longer-lived reserves.

Rio Negro E&P Bidding Rules Attract 11 Buyers
Tuesday, February 20, 2007Eleven companies have purchased bidding rules to date for the E&P of seven oil blocks in the Neuquen basin of Argentina's Rio Negro province, the provincial government said in a statement.

Oxy Reports Lower Earnings for Q4, 2006
Thursday, January 25, 2007Occidental Petroleum Corporation announced that core earnings were a record $4.349 billion ($5.05 per diluted share) for the twelve months of 2006, compared with $3.732 billion ($4.56 per diluted share) for the same period in 2005.

Meridian Logs Pay in Nueces Bay Well
Thursday, November 16, 2006Meridian Resource Corp. on Thursday announced its initial production test results on the BP America No. 1 well located in Nueces Bay, in San Patricio County, Texas.

Vintage Petroleum Stockholders Approve Merger with Occidental Petroleum
Friday, January 27, 2006Vintage Petroleum's stockholders approved the merger agreement between Vintage and Occidental Petroleum at a special meeting of stockholders

Vintage Petroleum Scores Sixth Success in Yemen
Monday, November 21, 2005Vintage Petroleum says that the An Nagyah #18 well in the Republic of Yemen has tested light (43 degree API) oil from the sub-salt Upper Lam "B" formation.

Vintage Petroleum Says Earnings Increase 164 Percent
Thursday, November 03, 2005Vintage Petroleum reports net income of $72.2 million, or $1.07 per diluted share, in the third quarter of 2005, a 164 percent increase over income from continuing operations of $27.4 million.

Occidental to Acquire Vintage Petroleum
Friday, October 14, 2005Occidental Petroleum has agreed to acquire, by means of a merger, Vintage Petroleum for $20.00 per Vintage share in cash, plus 0.42 Occidental shares per Vintage share.

Vintage Petroleum Successful with Fifth Horizontal Well in Yemen
Tuesday, October 11, 2005Vintage Petroleum says that the An Nagyah #17 well in the Republic of Yemen has tested light (43 degree API) oil from the sub-salt Upper Lam formation.

Vintage Petroleum Reaffirms Annual Production Target
Wednesday, September 28, 2005Vintage Petroleum is reaffirming its previously established production target for 2005 of 27.3 million barrels of oil equivalent (BOE). Success experienced in the company's exploitation program is offsetting the anticipated impact from temporarily shut-in production caused by Hurricanes Katrina and Rita in recent weeks.

Vintage Petroleum Announces Recent Acquisition Activity
Tuesday, August 09, 2005Vintage Petroleum announced the results of recent acquisition activity involving multiple agreements to acquire certain oil and gas producing properties in the Mid-Continent, Permian and Southeastern regions of the U.S.

Vintage Petroleum Updates Plans for 2005
Thursday, May 05, 2005For 2005, a capital budget of $40 million was allocated to U.S. exploitation activities encompassing 20 net exploitation wells to be drilled and approximately 45 well workovers, principally in California, Louisiana and Texas.

Vintage Petroleum Finds Oil in Third Yemen Well
Friday, April 22, 2005Vintage Petroleum reports that the An Nagyah #15 well in the Republic of Yemen has tested light (43 degree API) oil from the sub-salt Upper Lam formation. The well is the third horizontal well drilled in the company's An Nagyah field.

PetroGlobe Acquires Stake in West Texas Acreage
Tuesday, March 08, 2005PetroGlobe has entered into an participation agreement with Vintage Petroleum to earn a 10% working interest within a defined Area of Mutual Interest of approximately 63,000 acres in Motley and Floyd Counties of West Texas.

Vintage's 04 Argentine Gas Output Slips on Operating Problem
Thursday, March 03, 2005Vintage Petroleum saw its Argentine gas production fall 11.2% to 8.7 billion cubic feet (Bft3) in 2004 mainly due to a labor strike and problems at a major oil loading facility.

Vintage Reports 2004 Results and Updates Plans for 2005
Monday, February 28, 2005Vintage Petroleum says that during 2004 it made oil and gas capital expenditures in its continuing operations totaling $347.6 million, with $237.0 million allocated to exploitation and exploration projects.

Vintage Petroleum Temporarily Halts Production in California
Friday, January 14, 2005Vintage Petroleum has temporarily shut-in net daily production of approximately 5,000 barrels of oil and 6,000 Mcf of gas in the company's Ventura County, California operations as a result of the heavy rains and mudslides experienced in the area over the last week.

Vintage Petroleum Acquires Producing Properties in Alabama
Wednesday, December 15, 2004Vintage Petroleum has closed an acquisition of producing properties in Escambia County, Alabama from Exxon Mobil Corporation for $76.4 million cash, subject to normal post-closing adjustments.

Vintage Petroleum Closes Sale of Canadian Subsidiary
Wednesday, December 01, 2004Vintage Petroleum has closed its previously announced sale of its wholly-owned Canadian subsidiary, Vintage Petroleum Canada, Inc. to Midnight Oil and Gas, Ltd. for total consideration of US$275 million cash

Vintage Sees Success in Yemen and the Gulf of Mexico
Tuesday, November 30, 2004Vintage Petroleum reports that the An Nagyah #12 well in the Republic of Yemen has tested light (43 degree API) oil from the sub-salt Upper Lam formation. The well is the second horizontal well drilled in the field and is also the eighth consecutive successful well drilled at the company's An Nagyah field this year.

Vintage Petroleum Announces 2005 Preliminary Capital Budget
Wednesday, November 17, 2004Vintage Petroleum announced its preliminary 2005 non-acquisition capital budget of $250 million and preliminary production target growth of five percent.

Vintage Petroleum Reports Strong Third Quarter Results
Thursday, November 04, 2004Vintage Petroleum reported net income of $32.2 million, or $0.49 per diluted share, in the third quarter of 2004 compared to $11.8 million, or $0.18 per diluted share, in the same quarter last year.

Vintage Petroleum Strikes in Gulf of Mexico & Yemen
Thursday, October 14, 2004Vintage Petroleum reports that the An Nagyah #11 well in the Republic of Yemen is the company's seventh successful well in the An Nagyah field.

Vintage Petroleum Sells Canadian Oil and Gas Interests
Thursday, September 23, 2004Vintage Petroleum has signed an agreement to sell its interests in Canada to Midnight Oil and Gas Ltd. for C$350 million.

Vintage Completes Acquisition of Rio Alto Resources
Tuesday, September 21, 2004Vintage Petroleum has recently closed its previously announced acquisition of 100 percent of the wholly-owned Argentine subsidiary of Rio Alto Resources International, Inc.

Vintage Petroleum Updates Exploration Activities
Thursday, August 05, 2004Vintage Petroleum reports the results and status of its recent exploration and significant exploitation activities and plans for the second half of 2004.

Vintage Drills Another Successful Well in Yemen
Wednesday, July 14, 2004Vintage Petroleum reports that the An Nagyah #8 well in the Republic of Yemen has tested light (43 degree API) oil from the sub-salt Upper Lam formation.

Vintage Petroleum Acquires Acreage in San Jorge Basin
Tuesday, June 29, 2004Vintage Petroleum has signed an agreement to acquire producing properties in the San Jorge basin of Argentina for $36.4 million cash.

Vintage Petroleum Completes An Nagyah #7 Well in Yemen
Wednesday, May 26, 2004Vintage Petroleum reports that the An Nagyah #7 appraisal well in the Republic of Yemen has completed drilling.

Vintage Petroleum to Review Canadian Assets
Monday, May 17, 2004Vintage Petroleum reports that, as a consequence of its recent management change and its stated goal of improving shareholder value and the execution of its growth strategy, it is examining strategic alternatives available with respect to its Canadian reserves of oil and gas, including the possible sale of such assets.

Vintage Petroleum Increases Cash Dividend
Wednesday, May 12, 2004Vintage Petroleum announced its board of directors has authorized a cash dividend of five cents per share, increasing the company's quarterly dividend rate by 11 percent.

Vintage Petroleum Strikes Again in Yemen
Thursday, April 29, 2004Vintage Petroleum reports that the An Nagyah #6 well in the Republic of Yemen has tested light (42 degree API) oil from the sub-salt Upper Lam formation.

Vintage Petroleum Finds Oil with An Nagyah #5 in Yemen
Thursday, April 01, 2004Vintage Petroleum reports that the An Nagyah #5 well in the Republic of Yemen has tested light (44 degree API) oil.

Vintage Provides 2003 Results and Outlines 2004 Plans
Thursday, February 19, 2004During 2004 Vintage plans to drill 32 exploitation wells and workovers are also planned for about 55 wells during the year, principally in Texas and California.

EPL Strikes Three Times on Gulf of Mexico Shelf
Tuesday, December 02, 2003Energy Partners, Ltd. has made three new exploratory discoveries in its focus area on the Gulf of Mexico Shelf.

Vintage Acquires Producing Properties in Uinta Basin
Tuesday, November 11, 2003Vintage Petroleum has agreed to acquire producing properties in the Uinta basin of Utah for $52.5 million.

Vintage Submits Development Plan for Block S-1 in Yemen
Tuesday, October 14, 2003Vintage Petroleum says that the Block S-1 Joint Venture Group has submitted a Notice of Commercial Discovery, along with a Request for Conversion to a Development Area and a Development Plan to the Yemen Ministry of Oil and Minerals.

Contact Exploration Drills Duster on Antigonish Block
Thursday, August 21, 2003Contact Exploration says it failed to find commerical amounts of oil or gas on its Antigonish block in Canada.

Vintage to Begin Drilling on Italian Prospects in 2004
Thursday, August 07, 2003Vintage Petroleum plans to begin its exploration program on the Bastiglia and Cento blocks located onshore Italy in early 2004.

Contact Exploration Selects Nova Scotia Drilling Site
Thursday, June 26, 2003Contact Exploration and its joint venture partners have selected two drilling sites onshore Nova Scotia and drilling activities are expected to commence later this summer.

Vintage Petroleum Closes Sale of Canadian Assets
Thursday, June 19, 2003Vintage Petroleum has closed the sale of certain non-strategic oil and gas interests in Saskatchewan, Canada for C$14.9 million cash.

Vintage Makes Discovery with An Nagyah #4 in Yemen
Wednesday, May 14, 2003Vintage Petroleum revealed that the An Nagyah #4, the second appraisal well to the An Nagyah #2 discovery well in the Republic of Yemen, has tested light (45 degree API) oil from the sub-salt Upper Lam formation.