Gastar Exploration Inc. (NYSEMKT: GST) (“Gastar”) reported on 16 June 2014 that it has reached total depth on the vertical pilot hole for its first Utica/Point Pleasant well in Marshall County, West Virginia. The Simms 5-UH well was drilled to a total depth of 11,410 feet and encountered approximately 92 net feet of pay in…
Initially reported as a discovery in February 2013, Brazil’s Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) has confirmed that its 1-SPS-98 (1-BRSA-1063-SPS) well, the first to be drilled on Block BM-S-50 offshore Brazil, has tested carbonate reservoirs with good permeability. The block, informally known as Sagitario, is in Brazil’s ultradeepwater Santos basin presalt region 194 km…
Chemical makers Bayer AG (BAYN), Syngenta AG (SYNN) and Dow Chemical Company (NYSE:DOW) say neonicotinoids aren’t to blame for the bee deaths and have stepped up their own lobbying to counter calls for a ban as well as legislation now in Congress. Eliminating the products will do little for bees and force farmers and gardeners…
