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Pengrowth Energy Trust plans to spend $285 million on 2010 capital plan (Pengrowth-Capital-Spe)

22 hours ago ago from Oilweek Online

CALGARY _ Pengrowth Energy Trust (TSX:PGF.UN) plans to spend $285 million as part of its 2010 capital program, up by a third from 2009.Full year production for 2010 is forecast to be between 74,000 and 76,000 barrels of oil equivalent per day, following the sale of approximately 1,000 boe per day of production late this year.The energy trust said the 2010 capital program will be focused 70 per cent on oil development and liquids rich gas ...

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Offshore drilling

18 hours ago ago from Lynn's little bit of trivia--Lake Worth

Comment Up Another highly appropriate and responsible resolution was passed and approved on Tuesday night. Commissioner Jennings makes the motion to oppose offshore drilling off the State of Florida

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Oil Sands Licenses Yield High Sales in Alberta’s Auction

10 hours ago ago from HeatingOil.com » Blog

Oil sands are in high demand, as shown by the high prices fetched by drilling leases. (image: nationalpost.com) In a recent auction, the Canadian province of Alberta sold oil leases for a total of $383.9 million, making it the highest sale of onshore leases since December 2006 and the third highest in history. The most expensive lease sold for a total of $46.8 million, or about $5,700 per hectare, indicating that the bidders (big oil ...

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Oil Prices Rise on Report that Iranian Military Occupied Iraqi Oilfield

5 hours ago ago from The HEAT Zone - Heating Oil News & Information Blog - Save On Home Fuel Now

As of 9:13 am EST, the price of crude had climbed by 2.30 percent to reach $74.32 a barrel and the price of heating oil had risen by 1.32 percent. HEAT USA Price Report Today’s average retail heating oil price per gallon: Down $0.01 Morning projection (for Monday’s average price per gallon): Up $0.03 Tensions in the Middle East spurred oil prices after a report from Iraq stated that Iranian military forces had entered Iraqi ...

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