Helmerich

Eden Raises $12 Million Seed Round to Scale Next-Generation Geologic Reservoir Permeability Enhancement Technology

Retrieved on: 
Tuesday, October 24, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231024676971/en/
    Eden co-founders Ammar Alali and Paris Smalls (Photo: Business Wire)
    Eden will use the seed funds to scale its Electrical Reservoir Stimulation (“ERS”) technology deployment across geothermal, geologic hydrogen, geologic carbon storage, and sustainable mining applications.
  • Reservoir stimulation has been identified as a key technology innovation area to facilitate the energy transition.
  • “At Eden, we create underground lightning strikes to vaporize rocks and enhance permeability in geologic reservoirs,” said Paris Smalls, CEO of Eden.
  • “The Eden team has the technology, the expertise, and the commitment to scale this technology across geologies.

Falcon Oil & Gas Ltd. - Operational Update including the Successful Drilling of Amungee NW 3H Horizontal Well

Retrieved on: 
Monday, October 16, 2023

16 October 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that drilling operations on the Amungee NW 3H (“A3H”) well in EP98 have been successfully completed with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.

Key Points: 
  • 16 October 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that drilling operations on the Amungee NW 3H (“A3H”) well in EP98 have been successfully completed with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.
  • Details of operations are as follows:
    The A3H well was drilled, cased and cemented to a total measured depth (“TD”) of 3,837 metres, including a horizontal section of 1,100 metres in the Amungee Member B-shale.
  • The well intersected the Amungee Member B-shale at a total vertical depth (“TVD”) of 2,272 metres and encountered significant gas shows, in line with pre-drill expectations.
  • Falcon is pleased to announce the appointment of Tennyson Securities as joint broker, alongside Cavendish Securities Plc (“Cavendish”) Falcon’s current broker.

Falcon Oil & Gas Ltd. - Spudding of Amungee NW-3H in Exploration Permit 98

Retrieved on: 
Monday, September 25, 2023

25 September 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the spudding of the Amungee NW-3H (“A3H”) horizontal well in exploration permit 98 with a H&P (Helmerich & Payne) super-spec FlexRig® Flex 3 Rig in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).

Key Points: 
  • 25 September 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the spudding of the Amungee NW-3H (“A3H”) horizontal well in exploration permit 98 with a H&P (Helmerich & Payne) super-spec FlexRig® Flex 3 Rig in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).
  • The A3H well is the second of the two well programme in 2023 and will target the Amungee Member B-Shale at an estimated depth of 2,450 metres TVD (total vertical depth).
  • The A3H well is located on the same well pad as the Amungee NW-2H well in exploration permit (“EP”) 98 and is approximately 60 kilometres north of the Shenandoah South 1H well (“SS1H”) that we completed the drilling of last week.
  • A stimulation program is planned for the second quarter of 2024, following the end of the Northern Territory wet season.

Falcon Oil & Gas Ltd. - Successful Drilling of Shenandoah South 1H Horizontal Well

Retrieved on: 
Monday, September 18, 2023

18 September 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that drilling operations on the Shenandoah South 1H (“SS1H”) well have been successfully completed with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.

Key Points: 
  • 18 September 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that drilling operations on the Shenandoah South 1H (“SS1H”) well have been successfully completed with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.
  • As noted previously for SS1H:
    Logging of the Amungee Member B-shale formation indicates potentially higher porosity and gas saturation relative to other wells drilled targeting the same formation.
  • Initial evaluation confirms reservoir continuity of the Amungee Member B-shale over 150 kilometres between Amungee NW-2H (“A2H”) and Beetaloo W-1 wells.
  • This includes a target development area of approximately 1 million acres where the shale depth exceeds 2,700 metres.

Falcon Oil & Gas Ltd. - Operational Update - Shenandoah South 1H

Retrieved on: 
Wednesday, August 30, 2023

30 August 2023 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the Shenandoah South 1H (“SS1H”) pilot hole in exploration permit 117 has reached a total vertical depth (“TVD”) of 3,300 metres, intersecting approximately 90 metres of the Amungee Member B-shale with strong dry gas shows.

Key Points: 
  • 30 August 2023 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the Shenandoah South 1H (“SS1H”) pilot hole in exploration permit 117 has reached a total vertical depth (“TVD”) of 3,300 metres, intersecting approximately 90 metres of the Amungee Member B-shale with strong dry gas shows.
  • The 90 metres of the Amungee Member B-shale intersected represents the thickest section seen in the Beetaloo Sub-basin depocenter to date.
  • The Helmerich & Payne (NYSE: HP) super spec FlexRig® Flex 3 rig reached TVD in 21.5 days, drilling at 153 metres per day.
  • Logging of the Amungee Member B-shale formation indicates potentially higher porosity and gas saturation relative to offset wells.

Falcon Oil & Gas Ltd. - Spudding of Shenandoah South 1H in Exploration Permit 117

Retrieved on: 
Tuesday, August 1, 2023

01 August 2023 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the spudding of the Shenandoah South 1H (“SS1H”) horizontal well in exploration permit 117 with a H&P (Helmerich & Payne) super-spec FlexRig® Flex 3 Rig in the Beetaloo Sub-Basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).

Key Points: 
  • 01 August 2023 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the spudding of the Shenandoah South 1H (“SS1H”) horizontal well in exploration permit 117 with a H&P (Helmerich & Payne) super-spec FlexRig® Flex 3 Rig in the Beetaloo Sub-Basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).
  • The SS1H well, which is the first of two horizontal wells to be drilled in 2023 is located approximately 60 kilometres south of the A2H well site.
  • The deeper reservoir in this area of the basin is expected to deliver higher pressures, based on data from the two Santos-operated Tanumbirini wells in EP 161.
  • Falcon remains fully funded for its share of all costs associated with the drilling and testing of the SS1H well.

Falcon Oil & Gas Ltd. - Beetaloo Operational Update

Retrieved on: 
Monday, July 24, 2023

24 July 2023 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to provide an update on operations as the Company prepares to drill the Shenandoah South 1H (“SS1H”) well in the Beetaloo Sub-Basin, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.

Key Points: 
  • 24 July 2023 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to provide an update on operations as the Company prepares to drill the Shenandoah South 1H (“SS1H”) well in the Beetaloo Sub-Basin, Australia with Falcon Oil & Gas Australia Limited’s joint venture partner, Tamboran (B2) Pty Limited.
  • The H&P (Helmerich & Payne) rig has been successfully mobilised to the SS1H well pad location, in exploration permit 117, ahead of drilling the first of a two well programme in 2023.
  • The SS1H well will be located approximately 60 kilometres south of the A2H well site.
  • The deeper reservoir is expected to deliver higher pressures, based on data from the two Santos-operated Tanumbirini wells in EP 161.

Borets International rebrands to Levare International and announces appointment of new Chief Executive Officer and Chairman

Retrieved on: 
Monday, May 8, 2023

Accordingly, the rebranding of the company to Levare International Limited (Levare or Company) better aligns with the forward-thinking mindset of new leadership.

Key Points: 
  • Accordingly, the rebranding of the company to Levare International Limited (Levare or Company) better aligns with the forward-thinking mindset of new leadership.
  • And, as the Company embarks on this new path, it will do so under new leadership with the appointment of a new Chief Executive Officer and Chairman.
  • The Shareholder and Board of Directors are pleased to announce the appointment of Merrill A. Miller, Jr. as Chief Executive Officer and Chairman of Levare.
  • He has also served as Chairman of Borets International and in the past 15 months Pete has served as Chairman and Chief Executive Officer of HMH Inc., an oilfield equipment manufacturer.

Baytex To Appoint Eric Greager as President and CEO

Retrieved on: 
Tuesday, October 11, 2022

Calgary, Alberta--(Newsfile Corp. - October 11, 2022) - Baytex Energy Corp. (TSX: BTE) today announced that Eric Greager is to be appointed President and Chief Executive Officer and a member of the Board of Directors.

Key Points: 
  • Calgary, Alberta--(Newsfile Corp. - October 11, 2022) - Baytex Energy Corp. (TSX: BTE) today announced that Eric Greager is to be appointed President and Chief Executive Officer and a member of the Board of Directors.
  • "On behalf of the Board, I am pleased to welcome Eric to the Baytex team.
  • He brings a strong track record of operational and financial success, and is an excellent leader recognized for building engaged and empowered organizations," said Mark Bly, Baytex Board Chair.
  • Mr. Greager is an accomplished energy executive with 30 years of operational and management experience.

Leading Oil and Gas Contract Drilling Company Selects Fides for Global Cash Management and Payment Workflows

Retrieved on: 
Thursday, September 8, 2022

ZURICH, Sept. 8, 2022 /PRNewswire-PRWeb/ -- Fides Treasury Services Ltd., the global leader in multibank connectivity, payments and communications, has announced that Helmerich & Payne, Inc. (NYSE: HP), an American petroleum contract drilling company engaged in oil and gas well drilling and related services for exploration and production companies, has selected the Fides Multibanking Suite for end-to-end global multibank connectivity. Headquartered in Tulsa, Oklahoma, with operations throughout the world, H&P will use Fides for centralized cash management and liquidity reporting as well as payments.

Key Points: 
  • Headquartered in Tulsa, Oklahoma, with operations throughout the world, H&P will use Fides for centralized cash management and liquidity reporting as well as payments.
  • We feel confident that Fides will be able to provide the centralized cash visibility and payment framework we need in order to scale our business."
  • H&P will use Fides to move towards comprehensive, centralized cash visibility and implement a standardized, consistent payment process globally.
  • Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world.