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Donations keep Death Valley National Park partly open during shutdown

2 weeks ago DieselGasoil Comments Off on Donations keep Death Valley National Park partly open during shutdown
DEATH VALLEY, Calif. (Reuters) – California’s Death Valley National Park, famed for its record-breaking heat, is keeping its visitor center and some restrooms open during the partial U.S. government shutdown with donations from a non-profit group and two hotels, a spokeswoman said on Thursday. A National Park entrance fee collection service is temporarily suspended at Read More

Range Provides 2018 Capital Spending and Operational Update

2 weeks ago DieselGasoil Comments Off on Range Provides 2018 Capital Spending and Operational Update
FORT WORTH, Texas, Jan. 07, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE:  RRC) today announced that 2018 capital spending is currently estimated to be approximately $20 million below the $941 million budgeted for the year.  The Company’s 2018 program was better than budget as a result of savings from a variety of sources, including drilling Read More

Kevin Neveu Elected as 2019 IADC Chairman

3 weeks ago DieselGasoil Comments Off on Kevin Neveu Elected as 2019 IADC Chairman
1/3/2019 HOUSTON — The IADC board of directors has elected Kevin Neveu, president and CEO of Precision Drilling, as its 2019 chairman. Julie Robertson, chairman of the board, president and CEO of Noble Corp, was elected as vice chair. For the IADC Division posts, Roddie Mackenzie, senior V.P. of marketing, innovation and industry relations for Read More

Marathon Oil reports successful Bakken core extension test in Ajax Area

1 month ago DieselGasoil Comments Off on Marathon Oil reports successful Bakken core extension test in Ajax Area
12/11/2018 HOUSTON — Marathon Oil Corporation has announced encouraging early production results at an important four-well Middle Bakken pad in the company’s Ajax area of the Williston Basin in Dunn County, North Dakota. The four-well pad achieved an estimated average 30-day initial production (IP) rate of over 2,400 boepd, 84% oil). “Strong early results in Read More

Cenovus’s 2019 budget demonstrates cost leadership and capital discipline

1 month ago DieselGasoil Comments Off on Cenovus’s 2019 budget demonstrates cost leadership and capital discipline
CALGARY, Alberta, Dec. 11, 2018 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) remains committed to increasing shareholder value through cost leadership, capital discipline and safe and reliable operations. These commitments, in combination with the company’s high-quality upstream assets and joint ownership in strong Refining assets, are expected to further strengthen Cenovus’s ability Read More

Royale Today Announced that it has Completed the Acquisition of the N. Jameson and Big Mineral Creek Properties from West Coast Energy

1 month ago DieselGasoil Comments Off on Royale Today Announced that it has Completed the Acquisition of the N. Jameson and Big Mineral Creek Properties from West Coast Energy
SAN DIEGO, Dec. 10, 2018 (GLOBE NEWSWIRE) — Royale Energy, Inc., (OTCQB : ROYL) announced that it has completed the acquisition of the N. Jameson and Big Mineral Creek properties in the Permian Basin in Texas, from West Coast Energy  The N. Jameson property currently is producing 64 BOEPD adding $6 Million in PV10 value Read More

Bonanza Creek Announces New $350 Million Borrowing Base

1 month ago DieselGasoil Comments Off on Bonanza Creek Announces New $350 Million Borrowing Base
DENVER, Dec. 10, 2018 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company”) announced today that the Company entered into a new $750 million reserve-based credit facility (the “facility”) with an initial $350 million borrowing base due December 2023. The new facility replaces the Company’s previous borrowing base of $191.7 million and is Read More

Just try to survive: Australian firemen unable to evacuate rural village as ‘it’s too late’

2 months ago DieselGasoil Comments Off on Just try to survive: Australian firemen unable to evacuate rural village as ‘it’s too late’
A “catastrophic” bushfire is bearing down on a town in Australia – and firemen have told residents that it is too late to evacuate. As the 80 hectare inferno races towards Tinnanbar, a small fishing village in south-east Queensland, emergency crews have been forced to fall back as the out-of-control blaze bears down upon the Read More