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Petroleum Newsfeed
Petroleum Newsfeed
CURRENT ENERGY NEWS RELEASES

2/6/2009
Black Gold is Green

Dallas, TX - It's important to understand the reality of renewable energy. The much heralded transition to renewable energy may be dependent on petroleum. Production and maintenance of wind turbines and solar panels are dependent on petroleum products and petroleum produced energy. Whether you are talking about the resins required to produce carbon fiber turbine blades, the energy needed to produce carbon fiber itself, the wire wrapped generators or the grease to keep it all spinning, wind energy relies on petroleum. Bearings, castings, coatings, paint and even the transportation to move a wind turbine from factory to field depends on a healthy oil industry. On the solar side, silicon cells, wires, glass, Plexiglas, panel cases, mounts and factory to field transportation all use petroleum energy. The role of oil and natural gas in the transition to alternative energy is critical.

Any artificially increased cost or tax on petroleum or petroleum products heavily impacts "the green transition". Taxing domestic petroleum production could be counterproductive to the economy and slow any transition. Petroleum still has a huge role to play in maintaining our civilization, economy and freedoms. Insuring a viable domestic petroleum industry is necessary and advantageous.

It seems even the new alternative energy industry is dependent on the highest quality petroleum products for manufacture and day to day operation. - Petroleum Newsfeed Editor - Don Lokke, Jr. - - READ MORE


2/5/2009
Gulftex Operating, Inc. Announces Completion of the McClendon #2-H

February 5, 2009 - Dallas, Texas - Gulftex Operating, Inc., the contract operator and driller for Crusader Energy Group Inc. (Amex: KRU) out of Oklahoma City, Oklahoma and XTO Energy (NYSE:XTO) out of Fort Worth, Texas, announced the successful completion of McClendon #2-H in the core area of the Barnett Shale, in Denton County, Texas. According to Tim Burroughs, President of Gulftex Operating, Inc., "The McClendon #2-H achieved an initial meter reading of over 5,000 mcf per day." The well was completed to 10,625' total measured depth (TMD) including approximately 2,200' horizontal in the Barnett Shale formation. The McClendon #2-H is the most recent of 19 wells participated in by Gulftex Operating, Inc. in the core area of the Fort Worth Basin.

Tim Burroughs, founder of Gulftex Operating credits the company's hard working team and over 30 individual service providers that contributed to the success of the McClendon #2-H including Liberty Pressure Pumping LP out of Denton County, Texas, a Trican Well Service Company. "We select the most experienced suppliers in the business to insure the best possible results for our partners. The McClendon #2-H is a prime example.", according to Tim Burroughs, Gulftex Operating President. Gulftex Operating's use of cutting edge technology and applications result in enhanced rate and production, a huge advantage at current energy prices.

Gulftex Operating, Inc. has plans to drill at least five additional wells in 2009 targeting the Barnett Shale core area of Denton County and has been aggressively leasing in Denton County, Texas.

The Barnett Shale of the Fort Worth basin is a Mississippian Shale that is the reservoir for one of the largest unconventional gas accumulations in the United States. The Barnett Shale has benefited from the application of technological advances in stimulation and horizontal drilling. While these technologies are not new, their application to the Barnett Shale has resulted in significantly improved economics and opened up new areas previously too expensive to produce. These new advances and applications have resulted in greatly improved rate and reserve profiles. Gulftex Operating, Inc.'s development activities in the Fort Worth Basin are comprised of horizontal drilling and utilizing multi-stage stimulation completion techniques.

ABOUT GULFTEX OPERATING, INC.

In 1996 Gulftex Operating, Inc. became a contract operator to TBX Resources, Inc. with over 100 operating wells in East Texas and Louisiana. Today Gulftex Operating, Inc. has a successful exploration, drilling and production track record participating in over 35 wells in the Barnett Shale. The Gulftex record includes an impressive 19 wells in the core area of the Barnett Shale, Denton County, Texas. Tim Burroughs, President of Gulftex Operating, Inc. has spent the last 14 years building Gulftex Operating, Inc. Top energy companies including XTO Energy, Crusader Energy, Devon Energy, Conoco Phillips, Williams Companies and others have partnered with Gulftex Operating, Inc. on Barnet Shale projects.

The Gulftex Operating, Inc. has a primary focus on the development of conventional and unconventional resource plays which includes the application of horizontal drilling and cutting edge completion technology aimed at developing shale and tight sand reservoirs. The Gulftex assets are located in various domestic basins, the majority of which are in the Ft. Worth Basin, Barnett Shale.

For other information regarding Gulftex Operating, Inc., please visit the Company's Internet Web site at http://www.GulftexOperating.com.

FORWARD-LOOKING STATEMENT DISCLOSURE

This press release contains "forward-looking statements" within the meaning of the Federal securities laws and regulations. Forward-looking statements are estimates and predictions by management about the future outcome of events and conditions that could affect Gulftex's business, financial condition and results of operations. We use words such as, "will," "should," "could," "plans," "expects," "likely," "anticipates," "intends," "believes," "estimates," "may," and other words of similar expression to indicate forward-looking statements.

There is no assurance that the estimates and predictions contained in our forward-looking statements will occur or be achieved as predicted. Any number of factors could cause actual results to differ materially from those referred to in a forward-looking statement, including drilling risks, operating hazards and other uncertainties inherent in the exploration for, and development and production of, oil and natural gas; volatility in oil and natural gas prices, including the adverse impact of lower prices on the amount of our cash flow available to meet capital expenditures, our ability to borrow and raise capital and on the values attributed to our proven reserves; drilling and operating risks in the unconventional shales and other reservoirs in which we operate, including uncertainties in interpreting engineering, reservoir and reserve data; the availability of technical personnel and drilling equipment; the timing and installation of processing and treatment facilities, third-party pipelines and other transportation facilities and equipment; changes in interest rates; and increasing production costs and other expenses.

Further information on risks and uncertainties affecting our business is described under Risk Factors are available in our reports filed with the SEC which are incorporated by this reference as though fully set forth herein. We undertake no obligation to publicly update or revise any forward-looking statement.

SOURCE Gulftex Operating, Inc.

Contact: Tim Burroughs, CEO
Gulftex Operating, Inc.
3030 LBJ Freeway Suite 1320 LB#47
Dallas, Texas 75243
972-243-2613

Don Lokke, Media Relations
Lokke Advertising
Don@LokkeAdvertising.com
972-490-5167

- - READ MORE


2/2/2009
Seisma Oil Research's Industry Partner Evans Energy (E2) Launches Their New Web Portal

Boca Raton, FL (PRWEB) January 20, 2009 -- Seisma Oil Research, LLC is pleased to announce the launch of its primary industry partner Evans Energy (E2) ( http://www.evansenergyonline.com/ ) recently revamped website. E2's newly up-graded website offers all the same great features as the previous site; however, E2 has made their new site a lot more user-friendly with its re-engineered design, and navigation along with their updated corporate look and greatly expanded content. Expanded Content And New Tools In an effort to provide much more information and background on E2 than previously the site now incorporates eight distinct areas: Home Our Rigs E2TV Partners Links Contact Us Investing in Energy Finding Energy E2 News Center Drill Site Gallery Investor Quick Link By employing the latest streaming media technology ( http://www.evansenergyonline.com/E2TV.htm ) on their site Evans is able to provide visitors with a "hands on" experience that helps them to better understand the extent to which E2 goes everyday to be a leader in the contract drilling business. Video is available on the mechanics of a rig and a rig's functions, and there is also flash animation on a rig's components. Couple these with detailed reports on how to invest in the energy business, and how E2 goes about finding the petrochemical products that they have found in over 400 wells throughout Mississippi, Alabama, Louisiana and Texas, and visitors can see why Evans Energy is an industry leader. The "Partners" area of the site, where E2 makes mention of the valued associations ( http://www.evansenergyonline.com/Partners.htm ) they rely on to be a first class player, lists Seisma Oil Research as one of the pieces that makes doing business with E2 anything but a puzzle: "Most independent oil companies must contract their drilling to unaffiliated third parties that have no vested interest in hitting the well. Many drillers receive bonuses for how fast they finish a well. An environment like that can create havoc on sensitive areas down hole and can ruin an otherwise strong prospect," says Justin Solomon of Seisma. "With Evans Energy as a partner, we can be assured that great care will go into drilling our wells. We know Lavon Evans personally and know that he will treat our wells like his very own." Another important and invaluable feature of the E2 gateway is the area that they provide for all of their invested partners. A state-of-the-art, fully secure backend powered by NeoFirma, themselves an industry icon. Founded in 2003 and managed with a breadth of expertise from network-application design, database management, and hydrocarbon production, Neofirma has all of the necessary skills and technology to create the foundation of information that energy executives need to improve asset values. In August 2007, Neofirma established its corporate headquarters in Dallas, Texas: From prospecting and exploration through operations, NeoFirma provides independent E&P companies and service providers the ability to create improved value through its web-based information services. Neo- Firma's services create performance reports and graphs to manage every point of the well's life cycle - assisting clients in the business decision process with the right information, at the right time, and at the right place. Evans Energy was one of our first customers to recognize the advantages of real time drilling data. To take a look at E2's new web portal and see for yourself why Seisma Oil Research, LLC, and many others, have chosen Evans Energy for the most important task of well drilling and completion follow this link: http://www.evansenergyonline.com/. # # # - - READ MORE


1/28/2008
PetroleumArt.com Offers Illustration Services

Dallas, TX USA - PetroleumArt.com, a new portal for custom order petroleum industry illustration, has opened to service the petroleum industry at all levels. Each illustration is the work of award winning illustrator, Donald H Lokke Jr. Each illustration is hand rendered on computer and output to client specifications. Intended for web sites, publications, proposals and presentations. The illustrations are generally high color, dramatic photo realistic renderings, although other artistic styles are available, completed to client specifications. Sample illustrations are currently displayed on the site with more planned. Donald H Lokke, Jr. has over 30 years experience illustrating technical and natural subjects. He is responsible for a wide range of technical and artistic illustrations. He has delivered projects in many styles but specializes in a photo realistic high color style that pops off the page. His illustrations make the complicated... art. His dramatic illustrations are memorable for their detail, use of color and contrast. Illustration services are designed to meet the need for clean dramatic renderings of complicated processes, concepts and equipment. Publications, agencies, in-house marketing departments and advertising managers will be able to place their specific illustration project on the production schedule. All projects are thoroughly researched and completed to specification and can be initially rendered from photos, CAD or other data sets. Technical renderings can be fine art while retaining accuracy For additional information visit the web site at http://www.PetroleumArt.com or contact Donald H Lokke Jr at 972-490-5167 - - READ MORE


5/31/2007
Chevron Announces Gas Sales Agreement to Supply Additional Gas From the East Coast Marine Area in Trinidad and Tobago

SAN RAMON, Calif., May 29, 2007 -- Chevron Corporation (NYSE: CVX) today announced that its affiliate Chevron Trinidad and Tobago Resources SRL and partner BG Group have entered into a gas sales agreement with the National Gas Company of Trinidad and Tobago Limited (NGC) for the supply of 220 million standard cubic feet of natural gas per day for a term of 11 years, with an option to extend for another four years. Deliveries are expected to begin in 2009. The natural gas is expected to be sourced from the Dolphin Field, located approximately 52 miles off the east coast of Trinidad in the East Coast Marine Area (ECMA). First commercial production from Dolphin began in 1996. Four new development wells are planned to provide the additional gas to be delivered to NGC for use in the Trinidad and Tobago domestic market. Chevron and operator British Gas each have a 50 percent working interest in the ECMA. "The agreement with NGC represents Chevron's continued commitment to work with the Trinidad and Tobago government to meet the island's increasing demand for natural gas," said Ali Moshiri, managing director for Chevron's Latin America Business Unit and president of Chevron Trinidad and Tobago Resources. "Chevron plans to work closely with the government to promote additional development of Trinidad and Tobago's natural gas reserves, its local market and further liquefied natural gas (LNG) growth in the island." "Chevron's resources and exploration opportunities in Latin America and the Caribbean can allow us to expand the domestic gas market, build new export pipelines and increase sales to the regional LNG markets. This recent agreement is an additional step for Chevron to expand its production in the region and monetize its resource base," added John Watson, president of Chevron International Exploration and Production. Chevron Corporation is one of the world's leading energy companies. With approximately 56,000 employees, Chevron conducts business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing, and distributing fuels and other energy products. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com. Cautionary Statement Relevant to Forward-Looking Information for the Purpose of "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995 This press release of Chevron Corporation contains forward-looking statements relating to Chevron's operations in Trinidad and Tobago that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. U.S. Securities and Exchange Commission (SEC) rules permit oil and gas companies to disclose only proved reserves in their filings with the SEC. This press release contains estimates of natural gas quantities contained in the Dolphin Field, which may not be limited to proved reserves, and that may not be permitted to be included in disclosures in documents filed with the SEC. U.S. investors should refer to disclosures in Chevron's Annual Report on Form 10-K for the year ended December 31, 2006. - - READ MORE


5/31/2007
DOE to Sell 35,000 Barrels of Oil from the Northeast Home Heating Oil Reserve

WASHINGTON, DC - The U.S. Department of Energy announced today that it will sell approximately 35,000 barrels of home heating oil from the Northeast Home Heating Oil Reserve (NEHHOR). The Reserve’s current 5-year storage contracts expire on September 30, 2007 and market conditions have caused new storage costs to rise to a level that exceeds available funds. Revenue from the sale will be used to supplement funds for the award of new long-term storage contracts that will begin on October 1, 2007. The Department will work with Congress to resolve these funding issues in order to restore the inventory of the Reserve to its full authorized size. The sale of heating oil from the Reserve’s site in Providence, Rhode Island will commence June 13, 2007, using an interactive on-line bidding system. Bidding will close on June 14th and a contract will be awarded to the successful bidder the same day. The sale of 35,000 barrels represents less than 2% of NEHHOR’s authorized capacity of 2 million barrels of home heating oil authorized by Congress in the Energy Policy Act of 2000. Since it was established, home heating oil supplies have never been disrupted to the extent that NEHHOR needed to be tapped. - - READ MORE


5/30/2007
Petroleum Newsfeed to Revolutionize Energy News Distribution

Dallas, TX - The Petroleum Newsfeed announced the commencement of operations. The news distributor will focus on the Petroleum Industry accepting press and news releases from independent sources. The Petroleum Newsfeed will use the latest technologies to deliver news items to key industry, investment and media members while seeking partner web sites to broaden news distribution. Submitted material will be evaluated for topical relevance and distributed via RSS technologies in coordination with aggregators Mondo Times, Yahoo, BlogDigger, Rocket and others. In addition articles will be available online at www.PetroleumNewsfeed.com. Distribution tools will also include email, podcast and IM technologies on a voluntary participation basis. The service is at the hub of a growing energy network of web sites with it's content syndicated to affiliate sites for broader distribution. The Petroleum Newsfeed will be carried in over 4600 existing web sites with monthly traffic of over 2 million visitors. Through an investment worth over $2.3 million, the Petroleum Newsfeed has secured the guaranteed delivery of 100 million banner ads over the next 5 years through online advertising networks owned by the founder. According to Donald H Lokke Jr., CEO, of Lokke Advertising, "We are leveraging our massive web networks to provide the Petroleum Newsfeed with unprecedented exposure." In addition. the Newsfeed reaches over 2400 top industry professionals, 900 press representatives and thousands of investors through it's extensive database of media and corporate contacts. According to Don Lokke Jr., the Petroleum Newsfeed founder, "We are seeking to improve coverage of important events in the Petroleum Industry both for industry members and for investors. Our facility will give the industry a modern news delivery system that is completely dedicated to the Petroleum Industry." He continues, "This is the newsfeed that provides access to both large and small industry participants. We will become the place to find the first news from companies large and small that are making technological advances, financial investments and actively engaged in every aspect of the Petroleum Industry." The Petroleum Newsfeed is designed to serve the industry carrying announcements regarding technology, underlying science, academic research, field discoveries, business agreements, personnel changes, mergers and acquisitions, performance reports, investor news and product news. Donald H Lokke Jr., CEO of Lokke Advertising and founder of the Petroleum Newsfeed is the son of the late Paleontologist, Researcher and heavily published Geology Educator, Donald H. Lokke. The student of a patient and creative father, his background in Geology started early in life as Don senior, a life-long, field-oriented, paleontologist/professor, rattled off the mile markers and surface formations on every trip short or long. Road cuts were logical rest stops and the perfect chance to observe the differences between reverse and normal faults, even synclines, anticlines, interrupting the layered sedimentary stratigraphy. Core samples were paper weights and used drill bits door stops. Dip and slope were scientific terms and not personal descriptions. Thin sections cut, ground and photographed and studied for research articles in the Journal of Paleo. After growing up in a loving and educational geology home, and over 3-years of formal geology course work in college including a year as lab technician, Don Lokke, Jr. decided to broaden his interests and completed his degree in Advertising from Texas Tech in Lubbock. Now with over 30 years in advertising, working for a wide range of clients in all fields, and after building massive international web networks, Don Jr. decided it was the perfect time to apply a lifetime of communication experience to his Petroleum roots resulting in the Petroleum Newsfeed. - - READ MORE


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Copyright 2007 - Donald H Lokke Jr - All Rights Reserved
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