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	<title>Stock Blog Hub &#187; Nexen Incorporated</title>
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		<title>(NXY) Nexen Inc Completes Drilling Program</title>
		<link>http://www.stockbloghub.com/2009/09/23/nxy-nexen-inc-completes-drilling-program/15907</link>
		<comments>http://www.stockbloghub.com/2009/09/23/nxy-nexen-inc-completes-drilling-program/15907#comments</comments>
		<pubDate>Wed, 23 Sep 2009 19:54:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Nexen Incorporated]]></category>
		<category><![CDATA[NXY]]></category>

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		<description><![CDATA[Alberta-based Nexen Inc. (NXY) recently completed three well drilling programs in the Dilly Creek area of the Horn River shale gas property. Following the success of its drilling program in the last two winters, the company now has five wells in this area. These wells currently produce 15 million to 20 million cubic feet per day (MMcf/d). Nexen has been actively increasing its shale gas exposure. In the recent past, the company has accumulated nearly 126,000 net acres of land in an emerging Devonian shale gas play in the Horn River Basin in northeast British Columbia. The Horn River Basin has the potential to be one of the most significant shale gas plays in North America. Nexen has approximately 88,000 acres in the Dilly Creek area with a 100% working ]]></description>
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		<title>(NXY) Nexen Starts Up New Production</title>
		<link>http://www.stockbloghub.com/2009/09/05/nxy-nexen-starts-up-new-production/14445</link>
		<comments>http://www.stockbloghub.com/2009/09/05/nxy-nexen-starts-up-new-production/14445#comments</comments>
		<pubDate>Sat, 05 Sep 2009 17:17:42 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
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		<category><![CDATA[Nexen Incorporated]]></category>
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		<description><![CDATA[Alberta-based Nexen Inc. (NXY) is well-positioned for a solid growth as it continues with major developments in the U.K. North Sea, announcing the discovery of substantial additional resource and the start-up of new production. Following the successful development of the Buzzard project in 2007, Nexen’s Golden Eagle area in the U.K. North Sea is shaping up to be a significant development project for the company. Nexen is currently evaluating development options in the Golden Eagle area as the company expects to continue appraisal drilling in the area for the remainder of the year. The Golden Eagle area contains 150 million to 275 million barrels of oil equivalent of gross recoverable contingent resource. Nexen recently completed a new step-out development well in the Scott/Telford development area in the North Sea. The ]]></description>
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		<title>(NXY) Nexen Oil Field Comes Online &#8211; debt-heavy balance sheet and substantial capital needs</title>
		<link>http://www.stockbloghub.com/2009/08/20/nexen-oil-field-comes-online-debt-heavy-balance-sheet-and-substantial-capital-needs/12841</link>
		<comments>http://www.stockbloghub.com/2009/08/20/nexen-oil-field-comes-online-debt-heavy-balance-sheet-and-substantial-capital-needs/12841#comments</comments>
		<pubDate>Thu, 20 Aug 2009 17:59:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Nexen Incorporated]]></category>
		<category><![CDATA[NXY]]></category>

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		<description><![CDATA[Nexen Inc. (NXY) has commenced its first oil production from the Ettrick field in Blocks 20/2a and 20/3a in the U.K. North Sea. In July 2006, U.K. authorities approved the Ettrick field development. Subsequently, six wells were drilled in this field. The field is being produced via Bluewater floating production, storage and offloading vessel (FPSO) Aoka Mizu, which is designed to handle 30,000 barrels per day (Bbl/d) oil and 35 million cubic feet per day of gas. The field is expected to produce at rates of up to 20,000 Bbl/d over the next few months. Nexen operates Ettrick field (with a 79.73% interest) with Dana Petroleum (12%) and Atlantic Petroleum (8.27%). In 2008, Nexen announced a discovery at Blackbird, in the vicinity of the Ettrick project. The FPSO is equipped ]]></description>
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