Randy Foutch, Founder of Lariat Petroleum, Inc. and Latigo Petroleum, Inc., in third venture with investment firm Warburg Pincus TULSA, Okla., July 31 /PRNewswire/ -- Laredo Petroleum, a newly ...

The exploration of tight oil reservoirs has achieved a big success, especially in the Huahai Depression, Jiuquan Basin, China, but the characteristics and formation mechanisms of the tight oil ...

Tight gas reservoirs are characterized by narrow pores and throats, abundant clay minerals, and developed fractures. These lead to severe formation damage during drilling, negatively affecting ...

Latin America’s third largest economy is reporting record-breaking hydrocarbon production. Shale oil and natural gas output from the Vaca Muerta basin have been vital in Argentina’s push to ramp up ...

Cells, the basic unit of life, are surrounded by a limiting membrane called the plasma membrane. Inside cells, there are various membrane-bounded organelles, each of which has various and distinctive ...

Magnolia Petroleum Plc announced a positive update across its portfolio of interests focused on proven and producing US onshore hydrocarbon formations, including the prolific Bakken / Three Forks ...

HOUSTON, Nov. 10-- Occidental Petroleum Corp., Mubadala Development Co., and the National Oil & Gas Authority of Bahrain (NOGA) have formed a joint operating company to further develop Bahrain field.

As defined by the U.S. Geological Survey (USGS), heavy oil is a type of crude oil characterized by an asphaltic, dense, viscous nature (similar to molasses), and its asphaltene (very large molecules ...

Proven oil reserve is equal to rest of the world combined. Nov. 13, 2012 -- Drillers in Utah and Colorado are poking into a massive shale deposit trying to find a way to unlock oil reserves that are ...