Tue, 16 Apr 2013 05:30:41 CDT   upi.com

Natural gas well completion in the United States declined while a reverse trend was seen for oil wells, the American Petroleum Institute said.


Sun, 16 Sep 2012 01:25:18 CDT   ameinfo.com

Petroleum Development Oman (PDO) has awarded Shaleem Petroleum Co (SPC) a contract to maintain and redevelop oil wells in the country, Muscat Daily has reported. Under the $240m deal, SPC is to provide maintenance and work-over services for PDO's wells in Block 4, in the south of the country.


Tue, 22 May 2012 13:05:49 CDT   bizjournals.com

A federal judge has dismissed a lawsuit alleging fraud against Houston energy executive Daniel Layton and one of his associates. A group of 15 investors filed the lawsuit in December, in which they alleged they had been defrauded when an oil well drilling operation turned out to be unproductive. In the case, which was sent to federal court after it was originally filed in the Harris County 129th District Court, investors said they had pooled together $10 million to develop oil wells through the


Thu, 26 Apr 2012 02:38:09 CDT   ameinfo.com

Iraq: Iraq's oil minister, Abdul-Kareem Luaibi has said production at West Qurna Phase-2 oilfield, after drilling of the first oil well began, is expected to reach 500,000 barrels per day (bpd) in 2014, Reuters has reported. The supergiant oilfield in the south is managed by Russia's Lukoil. "This is the first oil well out of 23 wells to be drilled as (part of) the first phase of developing the West Qurna Two oilfield," said Luaibi, adding that output at the field is expected to reach 150,000 bpd in 2013.


Wed, 28 Dec 2011 09:49:55 CDT   bizjournals.com

A group of 15 investors, most of whom reside in Wisconsin, have filed suit against Houston energy executive Daniel Layton and one of his associates, alleging the pair defrauded them when an oil well drilling operation was unproductive. In the lawsuit filed Dec. 21 in the Harris County 129th District Court, the investors said they had pooled together $10 million to develop oil wells through the Layton Energy Wharton Fund. According to the court documents, the wells stipulated in the agreement were not all....


 
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