Tag Archives | Oryx Petroleum

Oryx Announces Quarterly Results

Oryx Petroleum has announced its financial and operational results for the three months ended March 31, 2015. (All dollar amounts set forth in this news release are in United States dollars, except where otherwise indicated). Financial Highlights: Total revenues of $5.3 million on working interest sales of 128,700 barrels of oil and average realized sales […]

$100m New Funding for Oryx Petroleum

Oryx Petroleum has announced an update on its 2015 capital expenditure plans and funding. Highlights: A 2015 capital expenditure forecast of $140 million a 60% reduction against the budget of $350 million set in November 2014 includes a 30% reduction in general and administrative costs Capital expenditures to be focused on production activities in the […]

Oryx Updates on Hawler Oilfield

By John Lee. Oryx Petroleum Corporation has announced an update regarding production, sales and development activities for the Hawler license area in the Kurdistan Region of Iraq (“KRI”). Highlights: Gross (100%) oil production: – December 2014 average of 3,900 bbl/d with a daily peak of approximately 8,500 bbl – January 2015 average of 3,100 bbl/d […]

Oryx Petroleum Updates on Demir Dagh

Oryx Petroleum Corporation has announced an update regarding development, production and sales for the Demir Dagh field in the Kurdistan Region of Iraq (“KRI”). Highlights: The Demir Dagh-7 well will be tied into the Demir Dagh production facilities in the coming weeks, taking total Demir Dagh gross (100%) productive capacity to more than 15,000 bbl/d […]

Oryx Updates on Demir Dagh

By John Lee. Oryx Petroleum has announced an appraisal drilling update for the Demir Dagh field in the Hawler license area in the Kurdistan Region of Iraq, including test results for the Demir Dagh-7 and Demir Dagh-8 appraisal wells (“DD-7” and “DD-8”, respectively). Oryx Petroleum is the operator and has a 65% participating and working […]

Petrel Resources Updates on Prospects

By John Lee. As part of its Interim Statement, Petrel Resources has given the following update on its Iraq operations: “The political uncertainty and civil strife in the Middle East makes it difficult to be optimistic about our activities in Iraq. But progress has been made. A new government has been formed. The Minister of […]

Oryx Resumes Kurdistan Operations

By John Lee. Oryx Petroleum has announced an update for its operations in the Hawler license area of the Kurdistan Region of Iraq. Commenting today, Oryx Petroleum´s Chief Executive Officer, Michael Ebsary (pictured), stated: “We are very pleased that tangible improvements to the security environment in the Kurdistan Region have enabled us to resume all […]

Oryx and Others Remove Staff from Iraq

By Patrick M Schmidt. As the United States begun strikes against Islamic State of Iraq and the Levant (ISIL) militants, Canadian oil firm, Oryx, began evacuations of staff from their facilities in the Kurdistan region. The company announced that portion of its Demir Dagh oil field had been shut down. Drilling and other operations continued […]