Society of Petroleum Engineers – News

CONSOL Energy Inc. the leading diversified fuel producer in the Eastern U.S., has proved gas reserves of 3.7 trillion cubic feet (Tcf) as of December 31, 2010. This is an increase of 1.8 Tcf, or 95%, from the 1.9 Tcf reported at year-end 2009. The proved developed reserves (PDP) increased by 86% and the proved undeveloped reserves (PUD) increased 107%. Of the 3.7 Tcf of proved reserves, 52%, are categorized… 

BPZ Energy Announces Increases in Oil Reserves at the Corvina Field

Monday, December 29th 2008

BPZ Resources, Inc. announced that independent estimates by Netherland Sewell and Associates, Inc. (NSAI) as of December 31, 2008, for gross Proved (1P), Proved + Probable (2P) and Proved + Probable + Possible (3P) oil reserves from the Company’s Block Z-1 Corvina offshore field located in northwest Peru have increased 41%, 78% and 35%, respectively, as compared with the oil reserves reported by… 

Industry Leaders Help Advance Math and Science Education

Tuesday, October 14th 2008

An education initiative aimed at inspiring students to choose careers in math and science will soon award a third round of grants to K-12 classrooms at several local schools. The Education Collaborative, an outreach program of the Society of Petroleum Engineers of Santa Maria, awards the grants on behalf of the Oil & Gas Industry. In addition to providing grants, the collaborative recently launched… 

Samson Oil & Gas Determines Sabretooth Reserves

Thursday, September 11th 2008

Samson Oil & Gas Limited announced today that drilling operations have been completed at the Davis Bintliff #1 well. Casing and cementing operations were completed and the drilling rig was demobilized on the 5th of September. A completion rig will be used to perforate the casing and run the necessary completion tubing and packer. This operation is expected to commence on September 18th and will… 

Mainland Resources, Inc. Appoints Ernest G. Sorochan, P. Eng. as Board Director

Mainland Resources, Inc., a Nevada corporation has appointed Ernest G. Sorochan, P. Eng. as a Director of the Board effective July 17, 2008. Ernest G. Sorochan is a Professional Engineer with a long history of project management, engineering oversight, economic evaluation and operational experience working for international oil and gas companies. Mr. Sorochan has built a professional career focusing… 

Quest Resource Corporation Hires Thomas A. Lopus as Executive Vice President of Eastern Operations

Quest Resource Corporation announced the appointment of Thomas A. Lopus as Executive Vice President – Quest Eastern Resource. Lopus will be based in Pittsburgh, Pennsylvania and will direct all of Quest’s natural gas and oil exploration and production activity in the Eastern United States. With more than 27 years of experience in the oil and gas industry, Lopus most recently served as… 

Caesar Systems Sponsors and Presents Shale Gas Technical Paper at Society of Petroleum Engineers Conference

Caesar Petroleum Systems, LLC participated in the presentation of a technical paper related to shale gas economics at the 2007 Society of Petroleum Engineers (SPE) Hydrocarbon Economics and Evaluation Symposium (HEES), being held in Dallas, Texas, April 1-3. The conference theme was titled “Unconventional Economics.” SPE Paper 108053, “A Probabilistic Approach to Shale Gas Economics,”… 

Teton Energy Appoints Dominic Bazile to Chief Operating Officer

Tuesday, February 6th 2007

Teton Energy Corporation announced the appointment of Dominic J. Bazile II to the position of Executive Vice President and Chief Operating Officer. The appointment became effective on February 1, 2007. “We are pleased to have Dominic’s expertise and experience at Teton,” stated Karl F. Arleth, the Company’s President and Chief Executive Officer. “Dominic comes to us with… 

BPZ Energy Initiates Testing Operations

Tuesday, February 6th 2007

BPZ Energy, Inc. announced that testing has begun on the recently drilled CX11-21XD well in the Company’s Corvina gas field off the coast of Peru. The Company successfully completed all pressure integrity tests of the well, replaced mud by completion brine in the wellbore, and connected the gas flare and surface equipment to the well. Consequently, the testing phase was initiated with a series… 

Brazil’s Gas and Oil Reserves Edge Down Slightly in 2006

Monday, January 15th 2007

Brazil’s gas and oil reserves edged down slightly in 2006, the state-run oil firm Petroleo Brasileiro SA, or Petrobras, said in a release. Petrobras said a statement Saturday that its Brazilian oil and gas reserves receded to 10.573 billion barrels of oil equivalent by Dec. 31, 2006, compared to 10.578 billion barrels a year earlier, according to the strict criteria of the U.S. Securities and…