Peyto Exploration & Development Corp. Increases Reserves Per Share 19% and Production Per Share 33% in 2011

Peyto Exploration & Development Corp. (TSX:PEY) is pleased to present the results and analysis of the independent reserve report effective December 31, 2011. The evaluation encompassed 100% of Peyto’s reserve assets and was conducted by InSite Petroleum Consultants.

ConocoPhillips Announces Sale of Vietnam Business Unit

ConocoPhillips [NYSE:COP] today announced that, as part of its ongoing strategy to create shareholder value, it has entered into an agreement to sell its Vietnam business unit for a total of $1.29 billion plus customary working capital adjustments.

Ultra Petroleum Reports 2011 Financial and Operating Results

HOUSTON, Feb. 16, 2012 /PRNewswire/ — Ultra Petroleum Corp. (NYSE: UPL) continued to deliver solid financial and operating performance for both the fourth quarter and full-year 2011. Highlights for the quarter include:

Shell Announces Appraisal Success at Appomattox Discovery

HOUSTON, Feb. 16, 2012 /PRNewswire/ — Shell today announces a successful appraisal operation at its Appomattox discovery in the deepwater Gulf of Mexico. The appraisal well in Mississippi Canyon block 348, in approximately 7,257 feet of water, was drilled to a total depth of 25,851 feet and encountered approximately 150 feet of oil pay.

Nexen Announces Solid Financial Results & Progress on Milestones

Nexen Inc. (TSX, NYSE: NXY) today reported 2011 fourth quarter and annual operating and financial results, and provided a progress update on its strategic priorities for 2012.

Apache’s 14% Production Growth Lifts Earnings 50% to Record $4.5 Billion in 2011

HOUSTON, Feb. 16, 2012 /PRNewswire/ — Apache Corporation (NYSE, Nasdaq: APA) today reported that record production and strong oil prices combined to generate record full-year 2011 earnings of $4.5 billion or $11.47 per diluted common share, up 50 percent from $3 billion or $8.46 per share in 2010.

Standard Exploration Ltd. Provides Montney Well Update

Standard Exploration Ltd. (the “Corporation”) (TSX VENTURE:SDE) is pleased to announce it has commenced the drilling of the Test Well pursuant to the Farmin Agreement as previously announced in the Corporation’s press release dated October 27, 2011. The horizontal Montney oil well is projected to take 10 days to drill and will be completed using […]

WesternZagros Declares an Oil Discovery at Mil Qasim-1 and Provides an Operational Update

WesternZagros Resources Ltd. (TSX VENTURE:WZR) (”WesternZagros” or “the Company”) has made an oil discovery in the Upper Fars Formation at the Mil Qasim-1 exploration well in the Kurdistan Region of Iraq.

Aker Solutions awarded Troll contract

Aker Solutions has been awarded a contract by Statoil to deliver six subsea trees and a tool package for Troll on the Norwegian continental shelf. Estimated contract value is NOK 350 million.

Caza Oil & Gas Provides Operational Update San Jacinto Property

Caza Oil & Gas, Inc. (”Caza” or the “Company”) (TSX:CAZ)(AIM:CAZA), the exploration, appraisal, development and production company, is pleased to provide an operational update regarding its San Jacinto Property in Midland County, Texas.