Treaty Energy Corp. acquires, develops and produces oil and natural gas, seeking out leases with proven, but undeveloped reserves. The company yesterday announced an agreement to acquire 54 oil and gas leases and their respective production equipment in Kansas.

The leases span 6,700 acres and include 662 “stripper wells,” oil wells that produce 10 barrels per day or less for 12 consecutive months. According to the Independent Petroleum Association of America (IPAA), stripper wells make up about 84 percent of domestic oil wells, contributing to more than 20 percent of all domestic oil. Treaty said the acquired stripper wells in Kansas run an average of 900 feet in depth, making them more economical than comparable wells in other areas.

Of the 662 wells, 450 are currently producing, generating about 115BBLS per day. The company said additional wells have been drilled and will soon be in full-swing production, boosting production

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ConocoPhillips (COP) recently received approval from federal officials to pull a collection of North Slope oil and gas leases into a new oil-field unit, a predecessor to development and production. For this purpose, the company partners with Anadarko Petroleum (APC). The leases are in the National Petroleum Reserve (Alaska) and on the western side of Alaska's North Slope. The new oil-field unit, named Bear Tooth Unit, includes 23 leases and approximately 105,000 acres, located northwest of the company’s Mooses Tooth Unit. The company said that both the units have sites of known oil discoveries. While production from the Mooses Tooth Unit is expected to commence sometime between 2012 and 2014, Bear Tooth would be online later. ConocoPhillips has recently relinquished a few leases that do not fit within its strategic plan based on the potential for commercial development. ConocoPhillips has significantly transformed its asset ...

Savoy Energy Corporation is an independent oil and gas company building a diversified portfolio of valuable oil and gas assets in the United States. The company is focused on identifying abandoned oil and gas assets, which are then brought online through recompletion and work-over activities.

Savoy Energy uses a meticulous process of evaluation, application of modern well technology, and stringent management controls when deciding if leasing a property will be a viable undertaking. This process allows the company to increase its asset base and cash flow, while significantly reducing the cost of initial drilling. This process takes away the risk of traditional exploration projects while lowering the overhead costs.

To date, Savoy Energy has acquired a portfolio of leases of oil and gas properties which are all located in Gonzales County, Texas. The company’s portfolio of oil and gas leases consists of the

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Avalon Oil & Gas Inc. is an independent domestic oil and natural gas producer. The company’s strategy is to use efficient reservoir maintenance and innovative technology to generate stable cash flows and production from a portfolio of oil and gas leases. Avalon currently has leases in Texas, Louisiana, Oklahoma and Arkansas.

Avalon Oil & Gas is led by a strong leadership team which consists of two officers and two directors.

Kent Rodriguez, CEO – Mr. Rodriguez joined the company as president and CEO in January 1997. Since 1995, he has been the managing partner of Weyer Capital Partners, a Minneapolis-based venture capital company. From 1985 to 1995, Mr. Rodriguez was employed in various capacities by the First National Bank of Elmore, Minnesota.

Jill Allison, Vice-President – Ms. Allison brings over 20 years of diversified management experience in business development and technology commercialization. She

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Precision Petroleum Corporation, an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in the United States, recently announced the appointment of Mr. James Kirby as the company’s chief financial officer effective June 3, 2009.

With an extensive background both in the petroleum industry and the financial sector, Mr. Kirby has successfully re-organized financial institutions and possesses strong expertise with state and federal regulations pertaining to the financial and petroleum arenas. His senior-level management experience includes engagements at The First National Bank of Shawnee, Bank One, Liberty Bank & Trust, Choctaw State Bank and The Republic Bank of Tecumseh.

In a recent statement, Richard Porterfield, the president of Precision Petroleum Corporation, commented that the appointment of Mr. Kirby will help strengthen the company’s administrative core. He also stated that James Kirby’s financial expertise will prove valuable with the company’s recent acquisitions of nine producing

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Trading on the NASDAQ Global Market, Delta Natural Gas Company Inc. is a premier provider of natural gas services. Headquartered in Winchester, Kentucky, they serve the central and southeastern sections of the state. Founded in 1949, the company has facilitated growth through expansion and acquisitions. They gather, produce, distribute, store, and transport natural gas. The Company engages in weather-sensitive commercial and residential sales.

Delta Natural Gas Company operates in two business segments. Their Regulated segment sells and distributes natural gas to retail customers in 23 counties in Kentucky. This segment also transports gas to industrial customers in their system that purchase gas in the open market. In addition, they transport gas for local producers and other customers not on their distribution system.

Delta Natural Gas also has their Non-Regulated segment. The Non-Regulated segment purchases natural gas on the national market as well as from producers in Kentucky. They then resell this

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Eternal Energy Corp. is an oil and gas company trading on NASDAQ’s OTCBB. Headquartered in Littleton, Colorado, they acquire, explore, develop, and produce petroleum and natural gas properties in the United States. The company focuses on high-potential frontier exploration and they have a current market capitalization of $7.17 million. The company previously went by the name Golden Hope Resources Corp.

Founded in July of 2003, Eternal Energy owns interest in the West Ranch Field in Jackson County, Texas. They have also entered into participation agreements for other oil and gas exploration projects. These are the Big Sand Spring Valley Prospect and Cherry Creek Project, both in Nye County, Nevada.

Eternal Energy owns 75 percent of the southwest extension of the West Ranch Field in Jackson County, Texas. They also control exclusive access to a proprietary/patented downhole gas/water separation and re-injection process. Numerous suspended or abandoned gas wells in the Canadian Western Sedimentary

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As smaller oil and gas exploration companies enter the market, older oil and gas leases are getting snapped up. Often these companies make the prospects of profit sound like a gusher is going to come spewing forth at the drop of a hat. Unfortunately for them, this is rarely the case. For more experienced oil exploration and development companies, however, the return has already begun with a nice little pond of profit resulting from older wells. If an investor can find a company that has its “ducks in a row” and is producing oil, they can likely enjoy a flow of profits as reworked wells spring to life once again.

Rancher Energy Corp., an oil and gas exploration and development company, reworks older, proven oil fields through more innovative extraction and exploration techniques. The company operates primarily in the Powder River Basin in the southwest corner of Wyoming.

Although there are many

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