Latest Richfield Oil (ROIL) Headlines
Richfield Oil & Gas Updates Completion Operations Plan for Its Liberty #1 Well in Central Utah Overthrust
PR Newswire - Tue Feb 18, 8:00AM CST
Richfield Oil & Gas Company (OTCQX: ROIL) ("Richfield" or the "Company"), an independent exploration and production company, has completed an extensive study of data related to its Liberty #1 discovery well in the Central Utah Overthrust. The study reviewed large volumes of data collected through services provided by Weatherford International, Halliburton, and Baker Hughes, as well as prominent energy scientists and laboratories. Based on the collaboration from these services, the Company has designed the completion plan for the Liberty #1 well and has set aside the necessary funds with contingencies to immediately commence operations, scheduled to begin the first part of March.
2014 - The Year You Learn to Master Big Data and Analytics with EE, HSBC and TFL
PR Newswire - Wed Jan 29, 12:00AM CST
As the hype of big data and analytics has passed, 2014 will see organisations needing to generate intelligence, ROI, profit and value from their structured and unstructured data to grow profits, market share and edge out competition.
Richfield Oil & Gas Increases Production Potential With Addition Of Two Submersible Pumps
PR Newswire - Tue Oct 29, 9:34AM CDT
OTCQX: ROIL - Richfield Oil & Gas Company ("Richfield" or "Company"), an independent exploration and production company, has acquired two additional submersible pumps that will be installed in its Gorham Field located in Russell County, Kansas. In addition to the work that was previously announced on October 14, 2013, the addition of two additional submersible pumps will provide for increased production with the benefit of increasing the current proven and probable reserves assigned to these wells. Upon successful scheduling, it is anticipated that this work will be completed, in conjunction with other operations currently underway, sometime in early November. Richfield owns a 100% working interest and an 80% net revenue interest in the Gorham field.
Propell Technologies Reports Well Treatment Results in the Arbuckle Formation in Kansas
GlobeNewswire - Wed Oct 23, 8:40AM CDT
via PRWEB - Propell Technologies Group, Inc is pleased to report initial results from the first well treated in the Arbuckle formation in Stafford County, Kansas that is owned and operated by Richfield Oil & Gas Company (OTCQX:ROIL)
Richfield Oil & Gas Provides Operations Update
PR Newswire - Mon Oct 14, 7:30AM CDT
OTCQX: ROIL - Richfield Oil & Gas Company ("Richfield" or "Company"), an independent exploration and production company, has aggressively been working on its Kansas wells during the past 30 days. This work has included the installation of a submersible pump with the installation of a second cogeneration facility in its South Haven Field located in Sumner County, Kansas. These cogeneration facilities allow the Company to generate its own electric power to run its submersible pumps from natural gas produced from the field, lowering operating costs. Richfield owns a 100% working interest and a 78.5% net revenue interest in its South Haven Field.
Richfield Oil & Gas Provides Kansas Operations Update
PR Newswire - Wed Sep 18, 9:48AM CDT
OTCQX: ROIL - Richfield Oil & Gas Company ("Richfield" or "Company") has completed the installation of its second electricity cogeneration facility in its South Haven Field located in Sumner County, Kansas. The Company will now install a second submersible pump in its South Haven Field which is anticipated being installed this week, subject to coordination of services. Richfield owns a 100% working interest and a 78.5% net revenue interest in its South Haven Field. Having two submersible pumps running simultaneously is expected to meaningfully enhance production. We also intend to install a second submersible pump in the Company's Koelsch Field located in Stafford County, Kansas prior to the end of this month, subject to scheduling. Richfield owns an 85.5% working interest subject to a 79% net revenue interest in its Koelsch Field.
Russell County District Court Grants Richfield Oil & Gas' Motion To Quash Nostra Terra's Writ Of Execution
PR Newswire - Thu Sep 12, 1:00AM CDT
OTCQX: ROIL - On September 10, 2013, Richfield Oil & Gas Company's ("Richfield" or "Company") Motion to Quash the Writ of Execution previously issued in favor of Nostra Terra Oil & Gas Company ("NTOG" ) was granted by the Russell County, Kansas District Court.
Richfield Oil & Gas Company Moves To Quash All Pending Efforts To Seize Certain Assets
PR Newswire - Mon Sep 09, 11:11AM CDT
OTCQX: ROIL - Richfield Oil & Gas Company ("Richfield" or "Company") responded today to reports recently circulated in the media regarding pending auction sales of certain properties by describing them as grossly exaggerated and misleading. On September 6, 2013, we tendered the cash sum of $1,303,347.84 as substitute collateral to fully satisfy an outstanding judgment and filed a Motion with the Court to quash the writ of execution. It is expected that this action will immediately stop any further attempts to sell our properties, garnish our assets or otherwise interfere with our operations. "We are glad to get this behind us and focus on the upside of our growing asset base," said Douglas C. Hewitt, Richfield's CEO.
Richfield Oil & Gas Company Announces Completion Of Its Liberty #1 Well Study By Baker Hughes GMI Geomechanics Services
PR Newswire - Mon Jul 22, 10:23AM CDT
Richfield Oil & Gas Company (OTCQX: ROIL) ("Richfield" or the "Company") has received the completed study of its Liberty #1 discovery well from Baker Hughes GMI Geomechanics Services ("GMI").
Richfield Oil & Gas Company Acquires Additional Acreage In Central Utah
PR Newswire - Thu Jul 18, 7:30AM CDT
Richfield Oil & Gas Company (OTCQX: ROIL) ("Richfield" or the "Company") has recently acquired approximately 4,800 net acres of oil & gas leaseholds in central Utah, further strengthening our exploratory land position in our high impact Overthrust and Independence projects. Since March 15, 2013, the Company has increased its net land position by 32% in the Central Utah Overthrust Project from 10,562 acres to 15,375 acres.
RedChip Issues Research Profile on Richfield Oil & Gas
GlobeNewswire - Mon Jul 01, 8:16AM CDT
RedChip Companies, Inc., today announced it has issued a research profile on Richfield Oil & Gas Company (OTCQB:ROIL), an independent exploration and production company with substantially all of its current producing assets located in Kansas, along with potential high impact leases in Utah and Wyoming.
Richfield Oil & Gas Company Appoints Alan D. Gaines Chairman Of The Board
PR Newswire - Tue May 07, 7:30AM CDT
Richfield Oil & Gas Company (OTCQX: ROIL) (the "Company") announced today that it appointed Alan D. Gaines as Chairman of the Board of Directors.
Richfield Oil & Gas Company Engages Baker Hughes GMI Geomechanics Services to evaluate Liberty #1 Discovery Well
PR Newswire - Tue Apr 30, 7:30AM CDT
Richfield Oil & Gas Company (OTCQX: ROIL) ("Richfield" or the "Company"), has engaged Baker Hughes GMI Geomechanics Services ("GMI") to lead a team of technical consultants to evaluate the Liberty #1 Well in order to determine the next phase of operations, which is anticipated to result in commercial production.
Richfield Oil & Gas Company Engages RedChip Companies to Lead Investor Relations Efforts
PR Newswire - Mon Apr 15, 6:00AM CDT
Richfield Oil & Gas Company (OTCQX: ROIL) ("Richfield" or the "Company"), has engaged RedChip Companies, Inc. ("RedChip") to lead its investor relations efforts.
Richfield Oil & Gas Company has Placed Wasatch National Forest Well into Production
PR Newswire - Wed Apr 03, 2:45PM CDT
OTCQX: ROIL - Richfield Oil & Gas Company ("Richfield" or the "Company"), announced that it has placed its Wasatch National Forest #16-15 well in Uinta County, Wyoming into production. Production commenced on March 29, and is currently producing approximately 35 barrels of oil per day. Production equipment and rates will be optimized over the next two weeks. The company is planning additional completion work on this well in the early fall of this year. This will include a completion and fracture treatment of the Frontier Formation. The Frontier Formation production will be added to the current production rates.
Richfield Oil & Gas Company Begins Work on Rocky Mountain Properties
PR Newswire - Thu Mar 14, 11:52AM CDT
OTCQX: ROIL - Richfield Oil & Gas Company ("Richfield" or the "Company"), an energy company has begun completion of the Wasatch National Forest #16-15 Well in Uinta County, Wyoming. The well and the acreage were acquired by the Company in December of 2012. Development work on the well site and Mechanical Integrity Testing of the well was completed in October of 2012 prior to the closing of the acquisition. The well is expected to be put into production in April 2013. The Company owns an 80% working interest and a 62.4% net revenue interest in the well and a 100% working interest and a 78% net revenue interest in the surrounding acreage.
Clarification of Nostra Terra Oil & Gas Company Hearing Results
PR Newswire - Mon Mar 04, 6:33PM CST
OTCQX: ROIL -- On March 4, 2013, Nostra Terra Oil & Gas Company ("NTOG") released a press release stating that NTOG received a $1.5 million judgment against Richfield Oil & Gas Company ("Richfield" or "Company"). Contrary to the press release, the hearing was for a partial summary judgment as to the existence of the $1.3 million note payable ("Note") together with interest which Richfield has never denied that the Note exists. The Note and interest is fully provided for in Richfield's SEC filings.
Richfield Oil & Gas Company Implementing First Round of Development on the South Haven Field
PR Newswire - Thu Feb 28, 7:30AM CST
OTCQX: ROIL - Richfield Oil & Gas Company ("Richfield" or the "Company"), an energy company engaged in the acquisition, exploration and development of oil and natural gas properties, announces results of its drilling and general field operations in the South Haven Field located in Sumner County, Kansas. The Company has completed the drilling and completion of the RFO Helsel #3-1 well, the recompletion of the Rusk #2 well and the drilling, permitting and completion of the Yearout #1 SWD (salt water disposal) well. Road boring, pipeline and production facilities construction and other general field operations have been ongoing since December 2012. Richfield is the 100% working interest owner and the operator of the South Haven Field.
Richfield Oil & Gas Company Acquires 640 Acre Producing Property in Uinta County, Wyoming
PR Newswire - Wed Jan 09, 7:30AM CST
OTCQB: ROIL - Richfield Oil & Gas Company ("Richfield" or the "Company"), an energy company engaged in the acquisition, exploration and development of oil and natural gas properties, has acquired effective December 1, 2012, the Wasatch National Forest Well #16-15 from Frontier Energy, L.L.C. for $610,000 which includes a 640 acre mineral lease in Uinta County, Wyoming.
Richfield Oil & Gas Company Begins Trading
PR Newswire - Fri Jan 04, 8:00AM CST
ROIL:QB - Richfield Oil & Gas Company, 'ROIL' ("Richfield"), announced today that Richfield's common stock is now traded on the OTC:QB electronic exchange.
Richfield Oil & Gas Updates Completion Operations Plan for Its Liberty #1 Well in Central Utah Overthrust
PR Newswire - Tue Feb 18, 8:00AM CST
Richfield Oil & Gas Company (OTCQX: ROIL) ("Richfield" or the "Company"), an independent exploration and production company, has completed an extensive study of data related to its Liberty #1 discovery well in the Central Utah Overthrust. The study reviewed large volumes of data collected through services provided by Weatherford International, Halliburton, and Baker Hughes, as well as prominent energy scientists and laboratories. Based on the collaboration from these services, the Company has designed the completion plan for the Liberty #1 well and has set aside the necessary funds with contingencies to immediately commence operations, scheduled to begin the first part of March.
2014 - The Year You Learn to Master Big Data and Analytics with EE, HSBC and TFL
PR Newswire - Wed Jan 29, 12:00AM CST
As the hype of big data and analytics has passed, 2014 will see organisations needing to generate intelligence, ROI, profit and value from their structured and unstructured data to grow profits, market share and edge out competition.
Richfield Oil & Gas Increases Production Potential With Addition Of Two Submersible Pumps
PR Newswire - Tue Oct 29, 9:34AM CDT
OTCQX: ROIL - Richfield Oil & Gas Company ("Richfield" or "Company"), an independent exploration and production company, has acquired two additional submersible pumps that will be installed in its Gorham Field located in Russell County, Kansas. In addition to the work that was previously announced on October 14, 2013, the addition of two additional submersible pumps will provide for increased production with the benefit of increasing the current proven and probable reserves assigned to these wells. Upon successful scheduling, it is anticipated that this work will be completed, in conjunction with other operations currently underway, sometime in early November. Richfield owns a 100% working interest and an 80% net revenue interest in the Gorham field.
Propell Technologies Reports Well Treatment Results in the Arbuckle Formation in Kansas
GlobeNewswire - Wed Oct 23, 8:40AM CDT
via PRWEB - Propell Technologies Group, Inc is pleased to report initial results from the first well treated in the Arbuckle formation in Stafford County, Kansas that is owned and operated by Richfield Oil & Gas Company (OTCQX:ROIL)
Richfield Oil & Gas Provides Operations Update
PR Newswire - Mon Oct 14, 7:30AM CDT
OTCQX: ROIL - Richfield Oil & Gas Company ("Richfield" or "Company"), an independent exploration and production company, has aggressively been working on its Kansas wells during the past 30 days. This work has included the installation of a submersible pump with the installation of a second cogeneration facility in its South Haven Field located in Sumner County, Kansas. These cogeneration facilities allow the Company to generate its own electric power to run its submersible pumps from natural gas produced from the field, lowering operating costs. Richfield owns a 100% working interest and a 78.5% net revenue interest in its South Haven Field.
Richfield Oil & Gas Provides Kansas Operations Update
PR Newswire - Wed Sep 18, 9:48AM CDT
OTCQX: ROIL - Richfield Oil & Gas Company ("Richfield" or "Company") has completed the installation of its second electricity cogeneration facility in its South Haven Field located in Sumner County, Kansas. The Company will now install a second submersible pump in its South Haven Field which is anticipated being installed this week, subject to coordination of services. Richfield owns a 100% working interest and a 78.5% net revenue interest in its South Haven Field. Having two submersible pumps running simultaneously is expected to meaningfully enhance production. We also intend to install a second submersible pump in the Company's Koelsch Field located in Stafford County, Kansas prior to the end of this month, subject to scheduling. Richfield owns an 85.5% working interest subject to a 79% net revenue interest in its Koelsch Field.
Russell County District Court Grants Richfield Oil & Gas' Motion To Quash Nostra Terra's Writ Of Execution
PR Newswire - Thu Sep 12, 1:00AM CDT
OTCQX: ROIL - On September 10, 2013, Richfield Oil & Gas Company's ("Richfield" or "Company") Motion to Quash the Writ of Execution previously issued in favor of Nostra Terra Oil & Gas Company ("NTOG" ) was granted by the Russell County, Kansas District Court.
Richfield Oil & Gas Company Moves To Quash All Pending Efforts To Seize Certain Assets
PR Newswire - Mon Sep 09, 11:11AM CDT
OTCQX: ROIL - Richfield Oil & Gas Company ("Richfield" or "Company") responded today to reports recently circulated in the media regarding pending auction sales of certain properties by describing them as grossly exaggerated and misleading. On September 6, 2013, we tendered the cash sum of $1,303,347.84 as substitute collateral to fully satisfy an outstanding judgment and filed a Motion with the Court to quash the writ of execution. It is expected that this action will immediately stop any further attempts to sell our properties, garnish our assets or otherwise interfere with our operations. "We are glad to get this behind us and focus on the upside of our growing asset base," said Douglas C. Hewitt, Richfield's CEO.
Richfield Oil & Gas Company Announces Completion Of Its Liberty #1 Well Study By Baker Hughes GMI Geomechanics Services
PR Newswire - Mon Jul 22, 10:23AM CDT
Richfield Oil & Gas Company (OTCQX: ROIL) ("Richfield" or the "Company") has received the completed study of its Liberty #1 discovery well from Baker Hughes GMI Geomechanics Services ("GMI").
Richfield Oil & Gas Company Acquires Additional Acreage In Central Utah
PR Newswire - Thu Jul 18, 7:30AM CDT
Richfield Oil & Gas Company (OTCQX: ROIL) ("Richfield" or the "Company") has recently acquired approximately 4,800 net acres of oil & gas leaseholds in central Utah, further strengthening our exploratory land position in our high impact Overthrust and Independence projects. Since March 15, 2013, the Company has increased its net land position by 32% in the Central Utah Overthrust Project from 10,562 acres to 15,375 acres.
RedChip Issues Research Profile on Richfield Oil & Gas
GlobeNewswire - Mon Jul 01, 8:16AM CDT
RedChip Companies, Inc., today announced it has issued a research profile on Richfield Oil & Gas Company (OTCQB:ROIL), an independent exploration and production company with substantially all of its current producing assets located in Kansas, along with potential high impact leases in Utah and Wyoming.
Richfield Oil & Gas Company Appoints Alan D. Gaines Chairman Of The Board
PR Newswire - Tue May 07, 7:30AM CDT
Richfield Oil & Gas Company (OTCQX: ROIL) (the "Company") announced today that it appointed Alan D. Gaines as Chairman of the Board of Directors.
Richfield Oil & Gas Company Engages Baker Hughes GMI Geomechanics Services to evaluate Liberty #1 Discovery Well
PR Newswire - Tue Apr 30, 7:30AM CDT
Richfield Oil & Gas Company (OTCQX: ROIL) ("Richfield" or the "Company"), has engaged Baker Hughes GMI Geomechanics Services ("GMI") to lead a team of technical consultants to evaluate the Liberty #1 Well in order to determine the next phase of operations, which is anticipated to result in commercial production.
Richfield Oil & Gas Company Engages RedChip Companies to Lead Investor Relations Efforts
PR Newswire - Mon Apr 15, 6:00AM CDT
Richfield Oil & Gas Company (OTCQX: ROIL) ("Richfield" or the "Company"), has engaged RedChip Companies, Inc. ("RedChip") to lead its investor relations efforts.
Richfield Oil & Gas Company has Placed Wasatch National Forest Well into Production
PR Newswire - Wed Apr 03, 2:45PM CDT
OTCQX: ROIL - Richfield Oil & Gas Company ("Richfield" or the "Company"), announced that it has placed its Wasatch National Forest #16-15 well in Uinta County, Wyoming into production. Production commenced on March 29, and is currently producing approximately 35 barrels of oil per day. Production equipment and rates will be optimized over the next two weeks. The company is planning additional completion work on this well in the early fall of this year. This will include a completion and fracture treatment of the Frontier Formation. The Frontier Formation production will be added to the current production rates.
Richfield Oil & Gas Company Begins Work on Rocky Mountain Properties
PR Newswire - Thu Mar 14, 11:52AM CDT
OTCQX: ROIL - Richfield Oil & Gas Company ("Richfield" or the "Company"), an energy company has begun completion of the Wasatch National Forest #16-15 Well in Uinta County, Wyoming. The well and the acreage were acquired by the Company in December of 2012. Development work on the well site and Mechanical Integrity Testing of the well was completed in October of 2012 prior to the closing of the acquisition. The well is expected to be put into production in April 2013. The Company owns an 80% working interest and a 62.4% net revenue interest in the well and a 100% working interest and a 78% net revenue interest in the surrounding acreage.
Clarification of Nostra Terra Oil & Gas Company Hearing Results
PR Newswire - Mon Mar 04, 6:33PM CST
OTCQX: ROIL -- On March 4, 2013, Nostra Terra Oil & Gas Company ("NTOG") released a press release stating that NTOG received a $1.5 million judgment against Richfield Oil & Gas Company ("Richfield" or "Company"). Contrary to the press release, the hearing was for a partial summary judgment as to the existence of the $1.3 million note payable ("Note") together with interest which Richfield has never denied that the Note exists. The Note and interest is fully provided for in Richfield's SEC filings.
Richfield Oil & Gas Company Implementing First Round of Development on the South Haven Field
PR Newswire - Thu Feb 28, 7:30AM CST
OTCQX: ROIL - Richfield Oil & Gas Company ("Richfield" or the "Company"), an energy company engaged in the acquisition, exploration and development of oil and natural gas properties, announces results of its drilling and general field operations in the South Haven Field located in Sumner County, Kansas. The Company has completed the drilling and completion of the RFO Helsel #3-1 well, the recompletion of the Rusk #2 well and the drilling, permitting and completion of the Yearout #1 SWD (salt water disposal) well. Road boring, pipeline and production facilities construction and other general field operations have been ongoing since December 2012. Richfield is the 100% working interest owner and the operator of the South Haven Field.
Richfield Oil & Gas Company Acquires 640 Acre Producing Property in Uinta County, Wyoming
PR Newswire - Wed Jan 09, 7:30AM CST
OTCQB: ROIL - Richfield Oil & Gas Company ("Richfield" or the "Company"), an energy company engaged in the acquisition, exploration and development of oil and natural gas properties, has acquired effective December 1, 2012, the Wasatch National Forest Well #16-15 from Frontier Energy, L.L.C. for $610,000 which includes a 640 acre mineral lease in Uinta County, Wyoming.
Richfield Oil & Gas Company Begins Trading
PR Newswire - Fri Jan 04, 8:00AM CST
ROIL:QB - Richfield Oil & Gas Company, 'ROIL' ("Richfield"), announced today that Richfield's common stock is now traded on the OTC:QB electronic exchange.
