Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Lucas Energy, Inc.
Lucas Energy, Inc. (NYSE Amex: LEI) is an independent oil and gas company based in Houston, Texas with approximately 15,000 gross (12,000 net) acres of oil and gas leases in South Texas, primarily in the Gonzales County, Texas area. [...]

(RTTNews) - Wednesday, Denver, Colorado-based Credo Petroleum Corp. (CRED: News ), posted a lower third-quarter profit as revenues fell impacted by substantially lower price realizations for both oil and natural gas.
Third-quarter net income fell down to $0.35 million or $0.03 per share from $3.34 million or $0.34 per share for the prior-year quarter.
Revenues [...]

American Petro-Hunter, Inc. (OTC.BB:AAPH - News) (”American Petro-Hunter” or the “Company”) is pleased to announce that the next prospective oil well in the Company’s project development drilling schedule will be at the Brinkman Prospect in Clark County, Kansas and has been designated as the #1 Lee 18AB oil well.
The well is currently undergoing permitting, and [...]

With oil prices at a six-month high and gasoline prices not far behind, energy traders are pointing a finger at rising violence in Nigeria’s ethnically driven civil war.
A wave of attacks on oil wells, platforms and pipelines by rebels in Nigeria’s Niger Delta has left the country’s output at about half its maximum level of [...]

NEW YORK (AP) — Energy prices wavered after OPEC reported that member states had increased oil production for the first time since July despite a huge glut in supply.
Benchmark crude for June delivery rose 22 cents to $59.07 a barrel Wednesay on the New York Mercantile Exchange. In London, Brent prices dropped 13 cents to [...]

U.S. Gas Fields Go From Bust to Boom
CADDO PARISH, La. — A massive natural-gas discovery here in northern Louisiana heralds a big shift in the nation’s energy landscape. After an era of declining production, the U.S. is now swimming in natural gas.
Even conservative estimates suggest the Louisiana discovery — known as the Haynesville Shale, for [...]

OPEC members are expected to decide to cut oil production in March in an attempt to raise oil price to70 U.S. dollars a barrel, Iraqi Oil Minister said on Saturday.
“OPEC members will meet in March, and there is an intention to decide further cut to raise prices,” Hussein al-Shahristani told reporters at a symposium on [...]

By Brian Ellsworth - Analysis
CARACAS (Reuters) - Venezuela faces a growing risk of falling crude production in the coming months as oil service companies show signs they may halt key activities over a huge buildup in unpaid bills sparked by tumbling crude prices.
A major oil sector slowdown would devastate the OPEC nation’s economy and force [...]

SYDNEY (Reuters) - Oil firms began restarting operations off western Australia on Wednesday after a cyclone passed through the region and forced the shutdown of production platforms accounting for nearly half of Australia’s oil output.
Separately, miner Rio Tinto Ltd/Plc (RIO.AX)(RIO.L) said it had restarted iron ore loading operations in western Australia’s Port Dampier after a [...]

BAGHDAD — Iraq announced on Wednesday that it would begin a second round of bids to license international oil companies to develop 11 oil and gas fields or groups of fields.
Iraq’s oil minister, Hussain al-Shahristani, said at a news conference that he hoped that these fields could be producing 2 to 2.5 million barrels of [...]