Petroleum engineering

Ring Energy, Inc. Initiates Year End Drilling Program

Thursday, December 3, 2020 - 9:05pm

After drilling the Badger #6XH, the drilling rig will move to another horizontal San Andres location currently under construction with plans to drill another well after the New Year.

Key Points: 
  • After drilling the Badger #6XH, the drilling rig will move to another horizontal San Andres location currently under construction with plans to drill another well after the New Year.
  • These wells will be paid for out of cash surplus currently on hand.
  • It is important during volatile markets like these to protect our future cash flows and strengthen our balance sheet.
  • Ring Energy, Inc. is an oil and gas exploration, development and production company with current operations in Texas and New Mexico.

Liberty Gold Announces Infill Drill Results In The D-1 and D-3 Zones at Black Pine, Idaho: 1.41 g/t Au over 22.9 m and 1.51 g/t Au over 56.4 m including 2.36 g/t over 24.4 m in LBP206

Wednesday, December 2, 2020 - 11:00am

Most of the holes drilled to date contain multiple intervals of shallow oxide gold mineralization.

Key Points: 
  • Most of the holes drilled to date contain multiple intervals of shallow oxide gold mineralization.
  • In early 2020, Liberty Gold identified nine regional oxide gold targets over a 7.3 km2 permit area.
  • Assay results have been received from four, resulting in the D-1 Southeast Extension, D-1 Northwest Extension, D-3, and F Zone discoveries.
  • In addition to RC drilling, Liberty Gold is expanding the drill permit area to access an additional 4.6 km2 of the Black Pine gold system.

Alpha Lithium Mobilizes Drilling Rig to Validate High Volume Lithium Brine Concentrations at Tolillar Lithium Project, Argentina

Tuesday, December 1, 2020 - 2:00pm

The purpose of the drilling program is to collect lithium brine samples from depth and utilize those to start evaluating the Direct Lithium Extraction (DLE) processes that the Company intends to employ.

Key Points: 
  • The purpose of the drilling program is to collect lithium brine samples from depth and utilize those to start evaluating the Direct Lithium Extraction (DLE) processes that the Company intends to employ.
  • Phase One is being drilled by Andina Perforaciones SRL, utilizing a rig that has been consistently deployed in neighboring Hombre Muerto for many months.
  • The rig has performed extremely well for POSCO in Hombre Muerto and utilizes a crew that has worked together, on this rig, for many years.
  • Other drilling licenses expired during covid-induced government shutdowns and the Company had no ability to file the simple extension documents.

Global Oil and Gas Conductor Pipe Market Report 2020-2024: Rise in Deepwater and Ultra-deepwater Projects are Driving the Market - ResearchAndMarkets.com

Tuesday, December 1, 2020 - 1:47pm

The "Global Oil and Gas Conductor Pipe Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Oil and Gas Conductor Pipe Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
  • The market is driven by the increase in global rig count, growing consumption of oil and gas, and rise in unconventional drilling activities.
  • This study identifies the rise in deepwater and ultra-deepwater projects as one of the prime reasons driving the oil and gas conductor pipe market growth during the next few years.
  • Also, the oil and gas conductor pipe market analysis report includes information on upcoming trends and challenges that will influence market growth.

Kerr Mines Provides Corporate Update and Adds Additional Drill Rigs

Tuesday, December 1, 2020 - 9:00am

TORONTO, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTCQB: KERMF) (Kerr or the Company) is pleased to provide a corporate and drilling update at its 100% owned Copperstone gold project located in Arizona, United States.

Key Points: 
  • TORONTO, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Kerr Mines Inc. (TSX: KER, OTCQB: KERMF) (Kerr or the Company) is pleased to provide a corporate and drilling update at its 100% owned Copperstone gold project located in Arizona, United States.
  • Additionally, our previously funded and current 10,000 meter drilling program is well underway with three drill rigs on site.
  • To offset current industry demands and resulting delays, Kerr Mines has:
    Accelerated the surface drilling program with the addition of a second drill rig.
  • Kerr Mines is an emerging American gold producer advancing the restart of production at its 100-per-cent-owned, fully permitted, past-producing Copperstone mine project, located in mining-friendly Arizona.

The Worldwide Low strength Proppants Industry is Predicted to Advance at a CAGR of 9.8% from 2020 to 2030

Friday, November 27, 2020 - 12:45pm

Due to these factors, the market is predicted to advance at a CAGR of 9.8% from 2020 to 2030 and generate a revenue of $5,294.8 million by 2030.

Key Points: 
  • Due to these factors, the market is predicted to advance at a CAGR of 9.8% from 2020 to 2030 and generate a revenue of $5,294.8 million by 2030.
  • Low strength proppants are extensively used in oil and gas E&P activities as they have the ability to drastically increase the flow of oil and gas.
  • Depending on end-use, the low strength proppants market is divided into coal-bed methane, shale gas, crude oil, and others.
  • Out of these categories, the crude oil division is predicted to exhibit the fastest market growth in the coming years.

Newcore Gold Intersects 1.38 g/t Gold Over 45.0 Metres, Including 6.25 g/t Gold Over 6.0 Metres, at the Enchi Gold Project, Ghana

Thursday, November 26, 2020 - 11:00am

Drilling has intersected 1.38 grams per tonne gold ("g/t Au") over 45.0 metres ("m") from 8 m, including 6.25 g/t Au over 6.0 m from 47 m, at the Nyam Gold Deposit ("Nyam") at Enchi.

Key Points: 
  • Drilling has intersected 1.38 grams per tonne gold ("g/t Au") over 45.0 metres ("m") from 8 m, including 6.25 g/t Au over 6.0 m from 47 m, at the Nyam Gold Deposit ("Nyam") at Enchi.
  • Results intersected both shallow oxide and deeper sulphide gold mineralization outside of the currently defined mineral resource.
  • Drilling at Nyam has successfully intersected both shallow oxide and deeper sulphide gold mineralization outside of the currently defined mineral resource.
  • A second drill rig is now on site, with a third drill rig expected to arrive by the end of November.

Sunward to Showcase 38 Equipment at bauma CHINA 2020

Sunday, November 22, 2020 - 2:26am

SHANGHAI, Nov. 21, 2020 /PRNewswire/ -- As a world-class manufacturer, Sunward will bring 38 equipment covering 8 product lines at the upcoming bauma CHINA 2020.

Key Points: 
  • SHANGHAI, Nov. 21, 2020 /PRNewswire/ -- As a world-class manufacturer, Sunward will bring 38 equipment covering 8 product lines at the upcoming bauma CHINA 2020.
  • During the exhibition, Sunward will display the integrated solutions as well as a wide range of construction equipment including excavator, rotary drilling rig, rock drilling equipment, mobile crusher, telescopic crane, and the tunnel boring machine.
  • The company has got significant independent intellectual property rights and core competitiveness in more than ten product lines including underground engineering equipment, a full range of excavators, rock drilling equipment, special equipment, mining equipment, lifting machinery, hydraulic components and general aviation equipment.
  • Its tough high-end equipment have exported to more than 100 countries and regions around the world
    At bauma CHINA 2020, Sunward will be welcoming visitors at the brand new outdoor stand D76 & D80.

Global Low strength Proppants Market (2020 to 2030) - Industry Analysis and Demand Forecast - ResearchAndMarkets.com

Friday, November 20, 2020 - 2:36pm

The "Low strength Proppants Market Research Report: By End Use (Shale Gas, Crude Oil, Coal-Bed Methane) - Global Industry Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Low strength Proppants Market Research Report: By End Use (Shale Gas, Crude Oil, Coal-Bed Methane) - Global Industry Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
  • The major factors propelling the growth of the global low strength proppants market are the increasing exploration and production (E&P) activities in the North American nations and the soaring technological advancements being made in the crude oil recovery process.
  • Low strength proppants are extensively used in oil and gas E&P activities as they have the ability to drastically increase the flow of oil and gas.
  • Depending on end-use, the low strength proppants market is divided into coal-bed methane, shale gas, crude oil, and others.

Global Oil Drilling Automation Market Forecasts Report 2020-2025 - ResearchAndMarkets.com

Wednesday, November 18, 2020 - 3:51pm

The "Oil Drilling Automation Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Oil Drilling Automation Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
  • The oil drilling automation market is evaluated at US$486.688 million for the year 2019 growing at a CAGR of 10.01% reaching the market size of US$862.494 million by the year 2025.
  • Oil drilling automation refers to the automation of sub-processes of operational as well as downhole activities that are necessary for the drilling of oil.
  • Additionally, the up-gradation of the existing infrastructure in the oil fields coupled with the growing penetration of automation processes across several industry verticals is further bolstering the oil drilling automation market growth throughout the forecast period.