News Oil & Gas

Prospex faces further production delays at Viura

Prospex Energy plc said that equipment left inside the tubing of the Viura-1 well during testing had further delayed resumption of production from the gas field in northern Spain. SAFETY In August, operator Heyco Energia Iberia S.L. completed a well workover, but a “failure in the pressure control equipment” needed safe and controlled cutting of […]

News Oil & Gas

Ascent resumes strong production in Utah

Ascent plc reported 350 thousand cubic feet per day (circa 58 barrels of oil equivalent per day) from the first five wells put back into production last month in the Wolf Point area, northern Utah. INVENTORY Operator Arb Energy LLC is undertaking maintenance on a further four wells expected to beginning long term production, before […]

News Oil & Gas

Ascent identifies first wells for workovers in Utah

Ascent Resources plc and its potential partner ARB Energy LLC have identified the first 15 wells for workovers, at a cost of $100,000, on oil, gas and helium-rich leases in northern Utah. LOAN NOTES In May, the company conditionally acquired a 10% interest in the ARB-owned and operated leases and rights to 50% of incremental […]

Finance News Oil & Gas

Prospex JV halts Viura production due to leak

Prospex Energy plc said that gas production was temporarily halted in mid-April at the new onshore Viura-1B well because of a leak in the completion tubing. WORKOVERS Partner and operator Heyco Energia Iberia S.L. needs to obtain equipment, including mobilising a suitable drill rig, for a workover to resume production from the north Spanish field […]

News Oil & Gas

Corcel notes start of workover on IRAI

Corcel plc said that a workover had started in the EI-1 well on the IRAI gas field located in the state of Bahia, onshore northeast Brazil. PROMISING Field operator Petroborn Óleo e Gás S.A’s work is part of a two-well workover programme. Corcel holds an option to acquire an interest in the field, which lies […]