During the first quarter of 2013, Painted Pony's production averaged 8,596 boe/d (weighted 79% gas), representing an increase of 18% over the prior quarter and a 23% increase over the same period in 2012.

The new name, Lightstream Resources Ltd., represents the company's strategic focus on effectively developing light oil resource plays to deliver growth and a sustainable dividend for its shareholders.

The acquisition adds 900 boe/d (95% light oil) of high netback, operated production with a low base decline of 20%.

The company plans to adhere to a 60-day resting period on all wells throughout the delineation phase.

The HXI 150t, the 12th of TESCO’s high-tech top drive line, features the same benefits as the HXI 250t but is lighter and smaller and allows operators to transition the top drive between mobile rigs.

Mobile fueling units are currently in use by firms including Linde, Prometheus Energy and others to serve a wide range of customers drilling for both oil and gas.

Haynesville unlikely to return until gas sustains a level of $4.50 to $5, analyst says.

he Mabee K #1H well had an initial 24-hour peak natural flow rate of 1,572 barrels oil equivalent per day (BOEPD) with 77% oil content.

The purpose of the project is to process shale gas produced from British Columbia’s North Montney region into LNG that is suitable for export.

In addition to the 11 producing wells there are 10 permitted well locations from a total of 45 gross drilling locations in the area of the Williston Basin along the Mackenzie County/Mountrail County border.

MCW Energy Group has accepted the resignation of Warren Dillard as the CFO of MCW and thanks him for his contributions to MCW during its formative years in transforming into a vertically integrated energy company.

The correct amount for the capital expenditures is approximately $1,859,173.

As of Monday, May 20th, after six days of drilling, the initial well at Liberty Ridge has reached a depth of 3,415 feet and has encountered no significant mechanical difficulties.

Genesis intends to finance the projects with funds available under its committed revolving credit facility.

One of the best Red River wells in the Minton-Hardy South area is within 150 metres of J19 and several new horizontal wells are now targeting oil in the Bakken formation adjacent to Petro One's properties.