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Hawk Reports Year End Reserves, Ops Update

Increased total proved reserves by 43% from 797 thousand barrels of oil equivalent in 2011 to 1,137 thousand barrels of oil equivalent in 2012.

Its horizontal well prospect in Logan County, Okla., is now rigged up and ready to complete.

New joint venture between Oil & Process Services (OPS) and Favuseal has been launched in Kristiansand, Norway, named OPS Favuseal.

The Cayabana-1 exploratory well was spud on February 17, 2013 and reached a total depth of 3,435 feet on February 23, 2013.

As part of the move, Jeff Huber, head of the combined operation, will be moved to the Google X team, the publication reported. [Read more]

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