Articles On Winchester Energy (ASX:WEL)

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

Uranium optimism is growing with governments around the world including nuclear energy in their plans to slash carbon emissions and the US saying outright that achieving its climate goals would not be possible without nuclear plants. Nuclea...

Crude oil prices have strengthened this week with the benchmark Brent oil now tracking above US$70 per barrel after OPEC and its associates expressed optimism about demand for the fossil fuel. Commonwealth Bank quoted Saudi Arabia energy mi...

The ASX notched up gains today despite one of the biggest IPOs this year dropping on debut. The ASX 200 rose 0.98 per cent to close at 7,115 and every sector was in the green except utilities. The best were consumer discretionaries, health...

The ASX has begun the week in positive territory, albeit only slightly. The ASX 200 closed at 7,046 points, 0.22 per cent higher than Friday. The ASX Emerging Companies Index however retreated 0.35 per cent, closing at 2,114. The best secto...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scr...

Energy is an essential piece of modern life and while energy demand fell in 2020 due to the impact of the COVID-19 pandemic, emerging markets and developing economies are expected to drive a 4.6 per cent increase in demand. In its Global En...

Restart of Winchester Energy’s (ASX: WEL) field work at its East Permian Basin oil acreage in Texas has already generated encouraging results after a workover of Bast #1. Winchester has completed a workover of its 92%-owned Bast #1 well whi...

Winchester Energy (ASX: WEL) is poised to restart exploration and development at its Texan leases including drilling the Bast Deep prospect, followed by more drilling in the Mustang oil field and a workover program of existing wells. The gl...

Power Up is Stockhead’s fortnightly look at all the news and moves driving ASX energy stocks. After a brief foray above the $US65 ($85.60) a barrel mark in March, oil prices have slid back down to hover around the $US60 a barrel level thank...

Texas oil and gas operator Winchester Energy (ASX: WEL) reports that a reserves and resources audit places its total proved, probable and possible (3P) reserves at 495,800 barrels of oil equivalent (mboe). That is broken down to 383,900 bar...

Texas producer Winchester Energy (ASX: WEL) netted $503,876 in the December quarter, a result assisted by recovering global oil prices. Its average sale price per barrel was US$37.81. Oil prices have continued to improve since the end of th...

Winchester Energy (ASX: WEL) will begin work this week on what it has described as a potentially “transformational” test of the Bonus Sands unit within its White Hat 3801 oil well in Texas. The program will test previously unmapped sands in...

Winchester Energy (ASX: WEL) is planning a “transformational” test of what it calls bonus sands within its White Hat oil well in Texas. The Three fingers shale at White Hat 3810 well contains a series of thin sandstones and sand laminations...

US oil producers have been rapidly bringing wells back online since June but with drilling rig counts still at multi-decade lows, exploration has not come back in the same way. Energy consultancy Rystad Energy says the pace of reactivation...

A quick wrap of the ASX’s key winners and losers on Friday, August 14. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made market-moving announcements during the day. Today 902 stocks rose, 501 declined and 6...

Winchester Energy (ASX: WEL) will re-enter an existing oil well, White Hat 2004, by the end of the week and complete it for production. The company is also moving to take advantage of an improving gas market by connecting four existing oil...

Concerns that oil prices had climbed too strongly in past weeks have been validated after the West Texas Intermediate crashed by nearly 10 per cent. The drop came on the back of reports by the US Energy Information Administration (EIA) that...

The current COVID-19 crisis and a recent collapse in oil prices has seen Australian onshore exploration and production company Winchester Energy (ASX: WEL) make moves to increase efficiencies and preserve revenue at its 71 square kilometre...

A quick wrap of the key winners and losers on Monday, May 25. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made market-moving announcements during the day. Code Company Price % Change Volume...

US-focused oil and gas player Winchester Energy (ASX: WEL) has announced a significant upgrade to its East Permian Basin oil reserves and resources following a recent independent estimate. The onshore explorer and producer today revealed it...

Winchester Energy (ASX: WEL) has significantly expanded its Texas production base in just over 12 months as well as adding two new production horizons. The company is now poised to benefit from improvements in oil prices based on a large le...

You ‘can’t give it away’ – US oil prices go negative The headlines paint a nasty picture for oil prices right now. The problem is that storage options are running out. As the world has stopped, the oil producers haven’t. They have made some...

US oil prices turned negative overnight, as oil due to be delivered in May was considered to be worthless. May futures contracts for West Texas Intermediate (WTI), the US benchmark price, hit -$US37.63 ($59.35) overnight. Oil to be delivere...

On Monday the US oil price dropped to its lowest point in 21 years, and at least one ASX-listed company is looking at shutting its American oil fields as a result of the ongoing low prices. Eon NRG (ASX:E2E) chief financial officer Simon Ad...

Anyone looking at the oil price chart over the past three months might be forgiven for thinking that they are looking at the side profile of a cliff face. The benchmark Brent Crude has fallen from $US66.25 ($107.82) per barrel at the beginn...

Texas-focused oil and gas explorer Winchester Energy’s (ASX: WEL) White Hat 20#6 well has been fracture stimulated and is now producing oil. The well is located in Texas’ Permian Basin and effectively extends the company’s Mustang oil field...

Texas-focused oil and gas explorer Winchester Energy’s (ASX: WEL) White Hat 20#6 well has been fracture stimulated and is now producing oil. The well is located in Texas’ Permian Basin and effectively extends the company’s Mustang oil field...

Texan oil producer Winchester Energy (ASX: WEL) said it is well positioned to withstand the recent sharp drop in oil prices due to the spread of the COVID-19 virus. It is also poised to benefit from any market improvement, the company said...

Wireline logging of a newly-drilled well at Winchester Energy’s (ASX: WEL) Mustang oil field in Texas has demonstrated “good to excellent” oil and gas shows and some of the highest levels of porosity found in the reservoir to date. Drilling...

Winchester Energy (ASX: WEL) has scooped up a 92% interest in the Bast oil field in Texas’ east Permian Basin. The acreage is contiguous to Winchester’s existing McLeod Ranch oil field and hosts three historic modest producing wells that ha...

Texas-focused oil producer Winchester Energy (ASX: WEL) has revealed another strong period of growth for the December 2019 quarter, recording significant increases in revenue and oil production. The company today announced a 50% growth in n...

Winchester Energy’s (ASX: WEL) exploration success has continued into the new year, with its latest McLeod 17#3 well encountering 124 feet of potential pay and “excellent” oil and gas shows. Situated in Winchester’s Lightning oil field, the...

A new year brings a new raft of developments from Australia’s small cap oil and gas companies, which have operations not only locally but also in other parts of the world. It can be a little overwhelming given the sheer number of wells, tie...

Despite all the hubbub surrounding renewable energy, the world is still driven by oil. And it shows, despite the uncertainty in today’s markets, oil prices have risen over the past 12 months with some significant dips and gains along the wa...

Winchester Energy Limited (ASX: WEL) announces that the fifth well drilled by the company- White Hat 39 # 2 at the Permian Basin Mustang Oil Field commenced drilling on 11 December 2019. The drill reached its total depth of 7,061 feet to t...

Winchester Energy’s (ASX: WEL) latest Mustang well White Hat 39#2 has achieved “excellent” oil and gas shows, with the well now reaching its total depth and wireline logs indicating 30 feet of gross pay in the Strawn Sand. The well has now...

Energy stocks made modest gains this year with the S&P ASX200 Energy index rising 13.8 per cent over the past year to 11,546.1 points. It has been a mixed year for oil with the ongoing dispute between the US and China keeping oil prices...

Winchester Energy Limited (ASX: WEL) advises that it moved up-hole in the Arledge 16#2 well and perforated an additional 25-foot section of Interval 3 (5,040 – 5,065 ft). Arledge 16#2 has been producing oil from Intervals 1 and 2 (5,075 –...

Onshore oil producer Winchester Energy (ASX: WEL) has perforated an additional oil zone above the current producing intervals of the Lower Cisco sands in its Lightning discovery well in Texas. At the end of November, the US-focused company...

US-focused oil producer Winchester Energy (ASX: WEL) is pushing on with its Permian Basin exploration plans following a recently announced $6.4 million capital raising, with two wells expected to spud in December. In an update to the market...

Winchester Energy (ASX: WEL) will raise $6.4 million to fast-track its exploration and production activity in Texas’ Permian Basin. The company has received firm commitments to from institutional and sophisticated investors for its placemen...

Winchester Energy Limited (ASX: WEL) has announced that it has recorded an all-time high oil production from its producing properties within its 17,266 acre lease position in the East Permian Basin, Texas. During October 2019, Winchester r...

Onshore oil producer Winchester Energy (ASX: WEL) has achieved record oil production figures from producing properties within its 17,266-acre lease position in the East Permian Basin of Texas. Following recent drilling success at the Mustan...

Texas-focused oil explorer Winchester Energy (ASX: WEL) has confirmed oil pay at its White Hat 20#4 well within its Mustang oil field, while reporting a massive boost in revenue for the September quarter. The White Hat 20#4 well has now rea...

Oil prices were on a roller coaster ride in September with the benchmark West Texas Intermediate (WTI) crude price surging to a high of US$62.90 per barrel in the middle of month after following drone attacks on Saudi Arabian oil processing...

Onshore oil producer Winchester Energy (ASX: WEL) is preparing to spud the next well in its Mustang oilfield development plan as testing operations wrap up at its other Permian Basin wells. The Texas-focused company is currently gearing up...

What a difference a few weeks makes. AJ Lucas (ASX: AJL) has jumped 19 per cent after confirmation all was not lost at a Lancashire gas field operated with Caudrilla (which it owns nearly half of). 5 weeks ago shareholders learned its gas f...

Winchester Energy (ASX: WEL) managing director Neville Henry and non-executive chairman Laurence Roe meet with Small Caps to discuss the company’s recent oil exploration and production activities in Texas’ Permian Basin. Following recent dr...

US-focused Winchester Energy (ASX: WEL) has announced its Arledge 16#2 well on the Lightning oil prospect in Texas has doubled its flow rate since the company’s last update. The onshore oil producer began testing and completion of the lower...