Company reviving old fields gets new name

Hunter Oil Corp. is the new name of Enhanced Oil Resources Inc., Houston, which focuses on improving recoveries at two old oil fields in New Mexico by drilling horizontal wells that can be used for later enhanced recovery. Source: News


MARKET WATCH: NYMEX, Brent oil prices rebound on Saudi comments

The light, sweet crude oil price for September delivery jumped by nearly $1.80/bbl on the New York market Aug. 11 while the Brent contract for October gained nearly $2/bbl on the London market after a Saudi Arabian official suggested the Saudis would work with other producers to stabilize prices. Source: News


WEA sues BLM for not holding quarterly oil, gas lease sales

The Western Energy Alliance has sued the US Bureau of Land Management for discontinuing quarterly onshore oil and gas lease sales. The Aug. 11 action in US District Court for New Mexico asks that the US Department of the Interior agency be directed to abandon its current leasing schedule immediately, rescind guidance documents and instruction […]