Print 
Armada Oil, Inc. has reported an update on the drilling the Bear Creek # 1 well in Carbon County, Wyoming.
The drilling of the Bear Creek #1 is ongoing. The depth required to comply with the provisions of the Anadarko Farmout agreement has turned out to be deeper than the pre-drilling geo-prognosis suggested and drilling of the deeper part of the well has been challenging. In addition, the drilling schedule was delayed a few days due to a coring tool being stuck in the hole, As a result, the schedule for completion of the drilling phase has slipped and will likely take another week to ten days. We will provide a comprehensive update when we are finished drilling and have the appropriate data.
Randy M. Griffin, CEO of Armada Oil, Inc., commented: "There are a lot of variables involved in drilling any well, especially a test well in a new area. Many of the pre-drilling assumptions have to be adjusted along the way. Information collected from drilling samples in the Niobrara and a couple of the conventional zones is very promising. We look forward to the completion of drilling so that we can assemble the analysis from the various disciplines and provide a comprehensive report to our shareholders."
Rockies News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…