BOPD

Gran Tierra Energy Inc. Provides Operational and Financial Update

Retrieved on: 
Tuesday, April 4, 2023
LSE, Gran Tierra Energy, GTE, WI, BOPD, TSX, NYSE, Tierra, Oil, Security (finance)

Achieved First Quarter 2023 Total Company Average Production of Approximately 31,700 BOPD, an Increase of 8% from First Quarter 2022

Key Points: 
  • Achieved First Quarter 2023 Total Company Average Production of Approximately 31,700 BOPD, an Increase of 8% from First Quarter 2022
    CALGARY, Alberta, April 04, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced an operational and financial update.
  • During first quarter 2023 (the “Quarter”), Gran Tierra’s total average production was approximately 31,700 BOPD.
  • During the Quarter, Gran Tierra initiated a waterflood project designed to increase oil recovery in the Cumplidor field in the Putumayo-7 Block.
  • During the Quarter, Gran Tierra bought back approximately $8 million in face value of the Company’s 6.25% senior notes due February 2025 (the "2025 bonds").

VAALCO Energy, Inc. Announces Preliminary Unaudited Fourth Quarter and Full Year 2022 Results and Provides 2023 Guidance

Retrieved on: 
Friday, March 31, 2023
Venus, Well, FPSO, Sewell, Tax, G&A, Acquisition, BOPD, Egyptian General Petroleum Corporation, Transglobal Underground, Environment, GLJ, NYSE, Etam plc v Rowan, Mobil, Rock Creek, Share repurchase, Production, MMH, Growth, PSC, TGA, Safety, LSE, Mine, ESP, D1, History, Government, FSO, Ministry, Annual report, Water, Natural gas, Form, Vaalco Energy, Adjustment, CPR, Hand, NRI, Workforce, Bank statement, Hydrocarbon, Public expenditure, Economic development, Cryptocurrency, Video game, Pharmaceutical industry, Bank, Fine chemical, Oil, Dürr Dental, Cardium

HOUSTON, March 31, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported operational and selected preliminary unaudited financial results for the fourth quarter and full year of 2022.

Key Points: 
  • HOUSTON, March 31, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported operational and selected preliminary unaudited financial results for the fourth quarter and full year of 2022.
  • On October 13, 2022, VAALCO completed the business combination with TransGlobe Energy, Inc. (“TransGlobe”); as a result, VAALCO’s fourth quarter and full year preliminary 2022 results include the combined assets from the closing day through the end of 2022.
  • The impact from the combination is reflected in VAALCO’s fourth quarter 2022 results following the closing on October 13, 2022.
  • VAALCO had a reserve replacement of 428% compared to the 3.9 MMBOE of production in 2022.

Indonesia Energy Announces Updates on Discovery Wells Drilled in 2022 and Development Plans for 2023

Retrieved on: 
Monday, March 27, 2023
Government of Indonesia, INDO, Negotiation, Government, Acquisition, Natural gas, BOPD, IEC, Fracture, NYSE, Kruh, Sand

JAKARTA, INDONESIA AND DANVILLE, CA, March 27, 2023 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced updates on its discovery wells drilled in 2022 and its ongoing development activities and plans for 2023 and beyond, including a potential contract extension for its Kruh Block.

Key Points: 
  • JAKARTA, INDONESIA AND DANVILLE, CA, March 27, 2023 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced updates on its discovery wells drilled in 2022 and its ongoing development activities and plans for 2023 and beyond, including a potential contract extension for its Kruh Block.
  • To maximize the production at Kruh Block, IEC is in the process of conducting a workover of the existing Kruh-21 well, which was drilled in 2015.
  • Oil production from the Kruh-21 and Kruh-28 wells is expected in the third quarter of 2023.
  • After completion and full interpretation of this seismic operations IEC plans to re-start its continuous drilling campaign at Kruh Block.

First Well Completed on the Permian Basin Joint Development Agreement

Retrieved on: 
Monday, March 27, 2023
OTCQB, JDA, Joint, SAN, BOPD, Oil

SAN DIEGO, March 27, 2023 (GLOBE NEWSWIRE) -- Royale Energy, Inc., (OTCQB : ROYL), is pleased to announce initial production rates for the first well drilled on the Joint Development Agreement (JDA). The JDA was executed and announced November 21, 2022.  This project is a horizontal resource play in the Mississippian interval.   Royale Energy and its investors collectively own a 5% working interest in this first well drilled on the 6900 net acres project in Texas.

Key Points: 
  • SAN DIEGO, March 27, 2023 (GLOBE NEWSWIRE) -- Royale Energy, Inc., (OTCQB : ROYL), is pleased to announce initial production rates for the first well drilled on the Joint Development Agreement (JDA).
  • The first well demonstrated an initial production rate of 818 BOPD & 1.1 MMcf/d with expected reserves exceeding 1,400,000 barrels of oil equivalent.
  • The second well drilled on the JDA has been drilled safely and without incident to its intended target depth.
  • As used in this press release, “BOPD” means barrels of oil per day, “MMcf/d” means million cubic feet per day.

EQS-News: Deutsche Rohstoff AG: Further production growth expected for 2023 after strong year 2022

Retrieved on: 
Wednesday, March 1, 2023
Oxy, BOE, Public expenditure, NGL, Cub Creek, BOPD, Atlas, WTI, Knight, EUR, USD, Airline, Oil, Cryptocurrency

Deutsche Rohstoff AG today provided an overview of the operational development in 2022 and the outlook for 2023.

Key Points: 
  • Deutsche Rohstoff AG today provided an overview of the operational development in 2022 and the outlook for 2023.
  • In line with the forecast, 2022 was a record year for Deutsche Rohstoff in terms of sales and earnings.
  • Operating cash flow from oil & gas production after production taxes, hedging and operating costs was over EUR 130 million.
  • The enormous production base from 2022, the new wells and the high capital expenditures will result that production in 2023 will be significantly above 2022.

Permex Petroleum Issues Shareholder Letter and Provides Corporate Update

Retrieved on: 
Wednesday, February 15, 2023
CFO, Perforation, Railroad Commission of Texas, Breedlove, Henshaw, Acquisition, Technische Universität Darmstadt, Pressure, BOPD, BPD, Yates, Knowledge, FSE, Clear Fork, Growth, Communication, CSE, Management, Renewable energy, Oil, Risk management, Grayburg Formation

In January 2022, we began the pilot re-entry on the West Henshaw well #15-3 in New Mexico.

Key Points: 
  • In January 2022, we began the pilot re-entry on the West Henshaw well #15-3 in New Mexico.
  • The recompletion was successful, came online at an initial rate of 30 barrels of oil per day (BOPD), and has stabilized at 15 BOPD.
  • We believe production rates from this mature, long-life well will continue with less than 10% decline year over year.
  • As we continue to work diligently to execute on our methodical approach to sustainable, long-term growth, I am confident that Permex will thrive in the years ahead.

Gran Tierra Energy Inc. Provides Operational and Financial Update

Retrieved on: 
Monday, January 9, 2023
Water, WI, GTE, API, Social disruption, Gran Tierra Energy, BOPD, TSX, NYSE, LSE, Video game, Oil

Fourth Quarter 2022 Total Company Average Production of Approximately 32,600 BOPD, an Increase of 10% from Fourth Quarter 2021

Key Points: 
  • Fourth Quarter 2022 Total Company Average Production of Approximately 32,600 BOPD, an Increase of 10% from Fourth Quarter 2021
    CALGARY, Alberta, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE) today announced an operational and financial update.
  • Our Moqueta development campaign is well underway with two of the five planned wells having been spud thus far.
  • Gran Tierra’s total average production for the full year 2022 was approximately 30,800 BOPD which is within the Company’s prescribed guidance.
  • Share Buybacks: Pursuant to Gran Tierra’s current normal course issuer bid, Gran Tierra purchased approximately 23 million shares during 2022, representing about 6.2% of shares outstanding as of June 30, 2022.

Kolibri Global Energy Inc. Achieves Exit Rate of Over 4,000 BOEPD; Exceeds Forecast by Over 45%

Retrieved on: 
Monday, January 9, 2023
Energy, Utilities, Oil, Gas, BOPD, Brock, OTCQX, IP30, Emery, Management, Reserve, TSX, KEI, Oil

The Company exited the year with a production rate over 4,000 BOEPD (barrels of oil equivalent per day).

Key Points: 
  • The Company exited the year with a production rate over 4,000 BOEPD (barrels of oil equivalent per day).
  • This is 1,300 BOEPD, or 48% higher than the Company’s forecasted exit rate released in May of 2022.
  • The 4,000 BOEPD exit rate was achieved without the production contribution of one legacy well, which had been reworked in late December.
  • However, there can be no assurance as to what the well’s IP30 rate or ultimate productivity will be.”

EQS-News: Deutsche Rohstoff AG: Update on oil and gas activities

Retrieved on: 
Sunday, January 22, 2023
Cub Creek, EBITDA, BOPD, News, RTÉ Executive Board, USD, BO, EUR, Lost Springs, Oxy, Security (finance), Oil

Deutsche Rohstoff AG's oil and gas activities continue to develop very positively.

Key Points: 
  • Deutsche Rohstoff AG's oil and gas activities continue to develop very positively.
  • The well pad produced approximately 11,000 barrels of oil per day (BOPD) over the past 60 days, contributing approximately net 52,000 BO to the group's production.
  • The production is well above Deutsche Rohstoff AG's expectation.
  • The wells drilled as part of the cooperation with Oxy in Wyoming are also developing very positively and are expected to be above Deutsche Rohstoff AG's internal expectations.

Indonesia Energy Announces Production Updates on Kruh Wells 27 and 28, the Two Back-to-Back Discovery Wells Drilled in 2022

Retrieved on: 
Tuesday, December 13, 2022
Acquisition, Annual report, INDO, Fracture, NYSE, Electric Bond and Share Company v. Securities and Exchange Commission, Security (finance), Government, Natural gas, News, Kruh, Completion, Federal Lands Jobs and Energy Security Act, Risk, IEC, Sand, Island, BOPD, Oil, C5

JAKARTA, INDONESIA AND DANVILLE, CA, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced production updates on its Kruh 27 and Kruh 28 wells. These two back-to-back discovery wells were drilled by IEC during 2022 at its 63,000-acre Kruh Block.

Key Points: 
  • JAKARTA, INDONESIA AND DANVILLE, CA, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced production updates on its Kruh 27 and Kruh 28 wells.
  • These two back-to-back discovery wells were drilled by IEC during 2022 at its 63,000-acre Kruh Block.
  • IEC anticipates that the stimulation work at Kruh 27 could provide similar production enhancement after the well begins production again expected in January 2023.
  • Indonesia Energy Corporation Limited (NYSE American: INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia.