Oasis profits gush

Oasis profits gush

Utica shale could boom

Utica work could grow

Suncor Energy nets $1.28 billion in third quarter

West Virginia still hopeful for Ethane cracker

Ethane will be delivered to Texa...

EOG's new price Target

EOG Resources (EOG) Shares Given New $109.00 Price Target by Wunderlich Analysts

Chesapeake picks up joint venture for Ohio shales

Company purchases interest in oil, gas leases

Whiting in the Bakken-water recycling

Whiting inks Bakken water-recycle deal

ConocoPhillips higher then expected

ConocoPhillips Profit Tops Expectations as Refining, Marketing Earnings Triple

Stone Energy 3Q

Stone output down but profits up

Enterprise Products Partner plans to expand

Enterprise to expand Eagle Ford capacity

Pioneer Natural Resources- Eagle Ford Boosts production

Pioneer forges ahead in quarter

EOG shows huge increases in production

EOG blasts off in Q3

Devon Energy Revenues surge.

Price hikes boost Devon numbers

Valero Energy profits increase

Valero Energy quadruples 3Q profit

Ohio drilling increases in Utica Shale

Drilling Ramps Up In Belmont Cou...

Snapshot of the Boom in the Bakken-MSNBC

Even though I hesitate to put up tv broadcasts, this one seems to be less biased then most.  Actual footage from the heart of the Bakken, Williston, ND, shows the new normal for the region. Sorry for the ads.

MSNBC- Rock...Bakken Boomtown

Louisiana Oil and Gas Exposition

LAGCOE shows Acadiana's role in petroleum industry

Southern North Dakota, home of another Shale Formation-Tyler Formation

A baby Bakken? Tyler Formation seems to promise big oil http://bit.ly/qYSQ7X

BLM moves forward with development

BLM land plan for NW Colorado displeases enviros, energy interests

Kodiak makes ground

Kodiak fortunes on the rise

Range Resources makes large gains.

Range beats output guidance

Bakken may get a new operator

Brigham followers might be interested to see that Statoil is looking to buy. A major focus for Statoil is the large footprint Brigham has in the Bakken.
Statoil buys Texas-based Brigham for $4.4B

GEOResources, Inc Operations Update

GeoResources, Inc. Provides an Operations Update and Also Provides 2011 and 2012 Production and Capital Guidance - MarketWatch

Kinder Morgan to buy El Paso-would make 67,000 mile of natural gas pipeline

Kinder Morgan to buy El Paso for around $21 billion

Dominion looks to export Marcellus Shale gas

Dominion wants to export Marcellus Shale gas

Superior Energy to buy Complete

Superior Energy buying Complete in $2.7B deal

Murphy Oil Refinery purchased by Valero

Valero completes purchase of Murphy Oil refinery in Meraux

Oil and Gas by the Numbers 09/30/2011

The price of crude appears to be on a down turn yet again. I was pretty sure I had seen it at almost $85/barrel earlier this week, but at the time of this report it is at $79.09/barrel and falling. The rig count has leveled off a little as well after a sizable increase the week prior. On the upside for consumers the price of gasoline has dropped nearly $.20 on average. The media has also started to pick up on the Utica Shale play, in part due to Chesapeake's drilling permits and schedule in the Ohio area. Looking today I don't see any major changes in the rig report in OH, but will watch to see if anything develops.

Rig Count

09/30/2011

USA: 1990 

TX: 904 (+1)

LA: 148

OK: 196 (-2)

ND: 191(+1)

PA: 109

NM: 81

CO: 79 (+2)

WY: 55 (+3)

CA: 52

UT: 26

AK: 6

WV: 27

MT: 5

For the rig count in other states: Baker Hughes Rig Count by State 09/30/2011

New Applications to Drill

09/22/2011 through 09/29/2011



TX: 400

ND: 48

MT: 3

WY: 69

Gasoline Prices

09/30/2011



US Average: $3.470/gallon

US Low: SC $3.154/gallon

US High: HI $4.208/gallon

Gail snaps up US Shale

Gail snaps up US shale

Sandridge to sell assets in East Texas Natural gas fields

SandRidge in $231m asset sale

Utica Shale mineral owners are getting good numbers

As Chesapeake makes the Utica Shale one of its next bigger play areas, mineral owners should be happy to see some of the numbers coming out of lease agreements.
Chesapeake taps Utica Shale gas

ConocoPhillips looks to move refinery in tough business market

ConocoPhillips looks to sell Pa. refinery

Another Bakken Pipeline in the works-Natural Gas

Enbridge, Veresen to build Bakken natural gas pipeline

Oil and Gas by the Numbers 09/16/2011

Well as the unemployment rate continues to climb on the US average, the oil and gas industry seems to be moving steadily up. The price of oil has been bouncing around the $88. mark. The US rig count and new permits are up, however the price of gasoline is down slightly as might be expected after Labor Day.

Rig Count

09/16/2011

USA: 1985 (+27)

TX: 895 (+11)

LA: 156 (+6)

OK: 199

ND: 184 (+2)

PA: 113

NM: 84

CO: 75

WY: 51 (+1)

CA: 53 (+5)

UT: 26 (+3)

AK: 8 (+1)

WV: 25 (+4)

MT: 5

For the rig count in other states: Baker Hughes weekly rig Count

New Applications to Drill

09/09/2011 through 09/15/2011



TX: 345

ND: 43

MT: 6

WY: 56

Gasoline Prices

09/16/2011



US Average: $3.619/gallon

US Low: SC $3.326/gallon

US High: HI $4.179/gallon

Bering spins bit in Louisiana

Bering spins bit in Louisiana

Brown Dense- Shale Formation in Lousiana

New shale play in north Louisiana may hold oil, gas

South Texas Oilfield Jobs

Halliburton hiring oil-field workers in South Texas

Kilgore increases Louisiana assets

Kilgore increases Louisiana slice

North Dakota's Bakken formation pours out the oil.

North Dakota oil output soars

Vaalco closes Bakken deal

Vaalco closes Bakken deal

XTO leases change hands

Dynamic scoops up XTO leases

Saratoga Louisiana wells come online

Saratoga Louisiana wells come online

Oil and Gas by the Numbers 09/09/11

As the stock markets start to slide today we can see a change in the commodities. Oil is at $87.29 /barrel currently, and slowly climbing. While I have yet to read through the speech from the president I have heard the buzz all over town, everyone wants to know how it will affect the current oil shale boom.  Obama's plan is now on my things to read list.  At any rate the industry has pulled up the reins just a little ahead of this news. The US rig count has dropped as well as the new applications to drill.  One might look at the holiday impact for numbers dropping over the last week also, the recent weather systems have impacted the crude stockpiles, giving the market room for a rise in the price of oil.

Rig Count

09/09/2011

USA:   1958  (-10)

TX:       884 (-14)
LA:       150 (-2)
OK:       203 (+8)
ND:       182 (+2)
PA:       113
NM:        85 (-1)
CO:        77 (+2)
WY:       50 (-1)
CA:        48
UT:        23 (-4)
AK:         8 (+1)
WV:       21 (+1)
MT:         5 (-1)

For the rig count in other states: Baker Hughes Rig Count by State

New Applications to Drill

09/02/2011 through 09/08/2011



TX: 251
ND:  24
MT: update not available
WY: 34 (4 new Niobrara)

Gasoline Prices

09/09/2011



US Average: $3.671/gallon
US Low: SC $3.408/gallon
US High: HI $4.158/gallon

Sandridge Energy Posts new Presentation

SandRidge Energy has posted its presentation from the Barclay conference.  The presentation can be opened from the following link: SandRidge Energy Presentation from Barclay Conference

Clayton Williams posts investor presentation

Clayton Williams September investor presentation

GMX eyes more Bakken-Three Forks wells

GMX eyes more Bakken-Three Forks wells - Upstream Online

More Hiring for Chesapeake

More Hiring for Chesapeake - News, Sports, Jobs - The Intelligencer / Wheeling News-Register

One should also note that Nomac is hiring in the Williston Basin as well.

Halliburton adds chemicals unit

Halliburton adds chemicals unit - Upstream Online

Who's who is the US Natural Gas producers

If your looking for a quick bit of information about the major players in the US natural gas industry, this is the link for you.

Who are America's top 10 gas drillers?

Methane Investigation to Continue, Cabot Resumes drilling

Gas drilling resumes at Cabot site; methane investigation continues

Murphy Oil to exit Refinery business

Valero Energy to pick up the Murphy Oil asset.  At first glance it may appear there is a small movement in this direction as Sunoco also looks to let go of there refinery assets.

Murphy Oil selling refinery in Meraux to Valero Energy

Sunoco to sell refineries

Sunoco will focus on assets with a quicker turn around.

Sunoco to sell refineries - Business Wire - SunHerald.com

US and Mexico boundary oil reserves discussed

US, Mexico work toward oil agreement

Lucas shuffles assets with Nordic Oil

Lucas shuffles Texas and N. Mexico assets

Oil and gas by the Numbers 09/02/2011

Today at noon the oil market was sitting at $87.25/barrel on was a couple dollars higher then last week at this time. I do see that it is dropping since then though. This weeks rig count is also lower, Louisiana show a drop of 6 of the 7 in the USA rig drop.

Rig Count

updated 09/02/2011

USA: 1968
  TX:    898
  LA:    152
  OK:   195
  ND:   180
  PA:    113
  NM:    86
  CO:     75
  WY:    51
  CA:     48
   UT:     27
   AK:      7
  WV:    20
  MT:       6

For more states: Baker Hughes Rig Count

Applications Submitted to Drill

08/26/2011 through 09/02/2011

TX:  169

ND:   46

MT:   17

CA:   30

WY:  82



Gasoline Prices

09/02/2011

US Average:  $3.66/gal

US Low:  AZ $3.404/gal

US High:   HI $4.167/gal



For a printer friendly copy: Oil and Gas by the Numbers 09/02/2011

Baker Hughes buys stake in tech firm

Baker Hughes buys stake in tech firm - Upstream Online

Texon counts Eagle Ford flows

Texon counts Eagle Ford flows - Upstream Online

Cameron in $375m LeTourneau grab

Cameron in $375m LeTourneau grab - Upstream Online

Buccaneer spuds second Kenai well

Information on Alaska seems to be harder to find lately, but here is a little update on Buccaneer.

Buccaneer spuds second Kenai well - Upstream Online

Texas floats fracking chemical rules

Texas floats fracking chemical rules - Upstream Online

Chesapeake Posts September Presentation

Any one interested in what one of the largest US shale exploration companies is planning for the future should check this link out. Chesapeake has activity in so many areas that it is almost mind boggling to keep track of there presence.

Chesapeake Energy September Presentation

GMX Resources Reports completion of Three Forks Horizontal well

Quick snapshot of the activity in GMX Reources near future. (including Bakken, Three Forks, & Niobrara)  Find it interesting that they may be entertaining the sale of some Niobrara assets.  Check it out:
GMX Resources

Clayton Williams Energy revises its Plan for Capital Spending in 2011

Clayton Williams adjusts its goals and spending plan for the remainder of 2011.
http://www.b2i.us/profiles/investor/NewsPDF.asp?b=844&ID=47004&m=rl

SandRidge Post a Presentation for Investors

The presentation can be found at the following link:
SandRidge Investor Presentation

The Impact of Oil in a small town

I really like the piece below.  Its one those that makes you stop and think, but only if you are paying attention. Western North Dakota is in the middle of a oil boom, that's no question, but how it is handling the impact is the part I like to watch.  Most people through out the US still haven't heard about what is going on here, and even when they do know about the Bakken I have heard several people comment in surprise in just how busy it is here when they see it for themselves.  It has become a sport for the original residents to learn to go about normal life and try to accommodate their new neighbors moving in, whether temporary or permanent.  It gives me a small smile to see the writer of the article counting plates, vehicle type, and navigating Wal-Marts long lines. I know that will be coffee conversation at the local cafe after I share it with my grandfather. That is however how rural ND discusses what is happening to its community and works to make a very chaotic time manageable and more efficient.

Sunday Night at Walmart - Million Dollar Way

From Farmer to Sand Miner - Oil and Gas changing the Midwest

Most of us don't think about the number of train cars full of frac sand that are rolling through the US at this very moment, but normally unaffected Midwest businesses are getting in on the US Shale boom.  What once was a commodity not worth digging up is now a huge business.
Frac sand becomes a profitable trade

Fayetteville producers to Recycle Frac water

Recycling water maybe a new answer to several issues that surround frac water use and treatment.

Arkansas Frac water gets a second life

Shell plans for new plant in Marcellus

Shell plans for a plant fed by Marcellus Gas

Samson Oil & Gas acquires Hawk Springs Acreage

Samson Oil & Gas grabs Hawk Springs lease from Univeristy of Wyoming

Oil and Gas by the Numbers 08/26/2011

I start by apologizing for such a long absence.  There are still parts of rural America that broadband is a long way from reaching. The telephone poles and pipelines are however continuing to cross more of once bare land as the domestic oil push continues.  The oil prices seem to be holding today at $85.33/barrel on the WTI, and natural gas currently sits at $3.92.  The next couple of months will be interesting to watch with our seasonal changes in the markets coming up and the government involvement in a lot of things oil and gas.  Some of you might also be interested to see a small flurry of activity in the permit department in MT this last week.

Rig Count

USA Total: 1975    +1 from last week
TX             896     +3
OK            195
ND            179     +3
LA             158
PA             113     +3
NM             88
CO              76
WY             51
CA              49
UT               27
WV             20
AK                7    +1
MT                6

Approved Permits

08/19/11 thru 08/25/11

TX      320

ND       66

MT       10 New, 5 reissued

CA        No update since 08/13/11

WY       55 (4 in the Niobrara formation)

Gasoline Prices

08/26/2011

US Average:  $3.604/gal

US Low: AZ  $3.329/gal

US High:  HI   $4.110/gal

For a printer friendly copy of the report above please go to: Oil and Gas by the Numbers 08/26/11

US report backs Canada pipeline Keystone XL

US report backs Canada pipeline - Upstream Online

Xtreme makes Texas find

Xtreme makes Texas find - Upstream Online

NJ puts yearlong freeze on fracking

Looking to its future is New Jersey practicing wishful thinking or being proactive?  Time, money, and resources are being thrown at a fracking debate in a state that has no known reserves. 

NJ puts yearlong freeze on fracking - Upstream Online

Encana plans Texas shale gas asset sale

US Economy and low natural gas prices affect the Calgary based Encana.
Encana plans Texas shale gas asset sale - Business - CBC News

Bakken producers getting on board with the Frac Focus Chemical Registry

Moving to rural North Dakota and going without Internet for two months has had some big challenges.  The first of course is my inability to update my blog and keep my readers feed.  The second biggest challenge I have faced is the lack of relevant information in hard copy to keep myself up to date on what is going on outside the region in the industry.
I have however found some small surprises in the my absence, for example the Frac Focus Chemical Registry has grown in that time.  After hitting the website today I am happy to find that North Dakota does have wells on the search database. A huge improvement from just a few short months ago. My quick count came up with seven producers in the region listing.  I did a little checking and it appears that Wyoming is at about the same pace on their participation.  Montana is still moving a little slower with only XTO Energy listing a single well, but since the focus has been less on Montana until recent months I think that will change as well.

For anyone interested in the website and if there is anything in your area, please check out:

Frac Focus Chemical Registry

Quaterly reports Q2 2011 - Links

Baytex Energy Corp Q2 2011
Chesapeake Midstream Partners Q2 2011

Sandridge Energy Q2 2011

Oneok Q2 2011

El Paso Q2 2011

Whiting Petroleum Corp Q2 2011

Samson Oil & Gas update on the Defender

Samson Oil & Gas moves forward with its Niobrara prospects in Goshen County, Wyoming.
Defender US33 #2-29 H Update 8-18-11

ONEOK and ONEOK Partners to Participate in Tuohy Brothers Natural Gas Infrastructure

Oneok Partners to Participate in Tuohy Brothers Natural Gas

Chesapeake Gets Ok for Drilling and Spacing

Chesapeake Spacing in CO

Oil and Gas by the Numbers 6/24/11

Oil keeps dropping, last time I looked it was sitting at $90.97/barrel.

Rig count is currently at 1882 in the US.

New Permits to Drill for the week of 6/17/11
ND: 30
MT: 11
TX: 333

Gasoline Prices
6/24/11
National Average: $3.607
US High : AK $4.039
US Low: SC $3.317

Oil and Gas by the Numbers 06/10/11

Well it looks like we finished up this week with the oil prices at $98.82/barrel.  Even with the slight drop this week with the price of oil, there was still an increase of one more rig in the US.

Rig Count

updated 06/10/2011

US: 1855

TX: 833

LA: 172

OK: 166

ND:  159

PA:  114

NM: 85

CO: 69

WY:  45

CA:  43

UT: 27

AK: 06

WV: 18

MT: 10

Applications to Drill 

06/03/2011 through 06/09/2011

TX: 258

ND: 26

MT: 3

Gasoline Prices

06/10/2011

US average: $3.720/gal

Low:  SC $3.415/gal

High: AK $4.202/gal

Exxon Mobile Hat trick

http://www.upstreamonline.com/live/article260430.ece?WT.mc_id=rechargenews_rss

Marathon Oil buys Texas oil fields for $3.5B

Marathon Oil buys Texas oil fields for $3.5B - KNDO/KNDU Tri-Cities, Yakima, WA |


For Marathon's Press Release please see the following link:
Marathon Oil $3.5 Billion Acquisition

Northern Oil and Gas - Activity Updates

The following link will take you to the recent updates of drilling activity for Northern Oil and Gas.
Northern Oil and Gas - Drilling Update

Bakken conditions improve - barely

The Bakken just can't seem to catch a break from mother nature this year.  With a year that opened up with large amounts of snow all the way till May 1st, now the water is taking over.  Flooded locations, sinking equipment, and muddy roads have remained all spring.  The evidence the wet sloppy region can be seen everywhere. In Williams County ND county officials even called a halt to large truck traffic in the region. Williston Herald - Online Edition
The roads just are not able to take any more strain in most areas.  However what may strain them has also helped provide the necessary resources to repair them.  In many counties funds are near exhausted from snow removal, but producers are coming to the rescue by helping haul or provide materials for the repairs.  This not only keeps them in the field producing, but has allowed stranded farmers and ranchers to get out.
There are even areas around the Bakken where road conditions are so bad the whole road is shut down.  This is the case with ND HWY 22, a main through way for the supplies, crews, and oil transportation in western ND. Here it is completely at mother natures mercy that the hwy has been buckled up to an impassable condition.
ND HWY 22 Closed - Dickinson Press

Samson Oil and Gas

New updates for the North Stockyard Field and the Hawks Springs project.
Samson Oil and Gas Update 06-03-11

Samson Oil and Gas Operational Update Released

The following link contains information from May 26th, 2011 on Samson's Everett #1-15H and Earl #1-13H in the Bakken, and the Defender US 33 #2-29H in the Niobrara formation.

Samson Oil and Gas Update 05/26/2011

SandRidge in $690m trust IPO

SandRidge in $690m trust IPO - Upstream Online

Oil and Gas by the Numbers 05/27/2011

Good afternoon everyone.  Well today it looks like we are starting to move forward again in our rig numbers.  The US total made a jump of 17 over the week.  Crude oil seems to be hovering at $100.19/barrel at the moment and natural gas is making a nice upswing $4.51 an increase of 3.56% so far today.  As we head into the holiday weekend that traditionally marks summer gasoline price increases, we are actually looking at some big changes in price on a down trend.

Rig Count

updated 05/27/11

US: 1847
TX: 835
LA:  165
OK: 173
ND:  162
PA:  110
NM:  77
CO:  72
WY:  41
CA:  44
UT:  29
AK:  05
WV: 19
MT:  10

Applications to Drill

05/20/11 thru 5/26/11

TX: 357
ND: 32
MT: 2
CA: No update
WY: 45

Gasoline Prices

05/27/2011

US average: $3.796/gal
Low: SC $3.528/gal
High: AK $4.204/gal

Mississippi Flooding impacts Delek refinery

Delek has reduced total throughputs at the El Dorado refinery, due to the a temporary shut in on the crude oil pipelines to the refinery. The Mississippi River flooding is the cause behind the pipeline closure.

Delek's El Dorado - Update

Chesapeake Energy Enters into Memorandum

Chesapeake Energy and Bronco Drilling

Chesapeake resumes Marcellus fracking

Chesapeake resumes Marcellus fracking - Upstream Online

Oil and Gas by the Numbers 05/13/2011

Good Afternoon!  Looks like we might be back online hopefully to stay.  As I passed by the computer screen the numbers look like they are dropping a bit.  WTI crude is currently at $98.42/barrel.  Along with the dip in the price of crude there is a slight dip in the number of rigs in the US.

Rig Count

updated 05/13/11

US: 1830

TX: 817

LA: 173

OK: 180

ND: 162

PA: 108

NM: 75

CO: 72

WY: 42

CA: 41

AK: 6

WV: 18

MT: 10

Applications to Drill

5/6/11 thru 5/12/11

TX: 333

ND: 35

MT: 6

CA: 54

WY: 98

NM: 3

Gasoline Prices

05/13/11

US average: $3.952/gal

Low: WY $3.654/gal

High: HI $4.475/gal



Texas American Resources status of initial Niobrara well

Niobrara -Talmadge 44-17H

EV Energy Partners show Loss in 1Q

EV Energy Partners

Samson Oil & Gas- Update for Earl #1-13H

Update on Earl #1-13H

Petrohawk in Permian asset buy

Petrohawk announces plans to spend about $75 million on a four rig, 15 well drilling program in the Permian Basin.  Petrohawk also announced that three of five wells in the Eagle Ford are producing, with only on expected to go commercial.
Petrohawk in Permian asset buy - Upstream Online

Linn Energy to Acquire assets in Texas Panhandle

Linn Energy enters an agreement with Panther Energy and Red Willow Mid Continent, LLC to acquire 40% of their oil and natural gas properties.
Linn Energy

Louisiana Oil Shale play projects move forward

Plans are being made to develop in the Tuscaloosa Marine Shale.  Devon Energy has leased 250,000 acres in the region. Denbury Resources also announced a joint venture with an unnamed partner to complete one well and drill another.  An independent, Amelia Resources, had a deal in the works with an undisclosed partner to develop about 110,000 acres it has leased.

Samson spuds Stockyard well

Samson spuds Stockyard well - Upstream Online

Some in Southlake bemoan loss of drilling royalties

Some in Southlake bemoan loss of drilling royalties Barnett Shale Dallas Business, T...

Continental Resources continues to grow

Continental Resources' 2011 Q1 report show strong growth.  CLR reports production numbers of 51,663/boepd for 1st qtr.  CLR's rapid acceleration has warranted the companies move to Oklahoma City in 2012. 
CLR's Bakken play continues to make increases with oil production up 67% from a year ago.  The Williston Prospect, in which CLR has approximately 110,000 net acres, has some promising numbers in initial production tests. CLR has also drilled several multi-well ECO pads that will be completed in Q2. As of 3/31/11 CLR posted 868,900 net acres in the Bakken play w/ 22 rigs in ND and 2 in MT.
CLR has continued growth in the Oklahoma Anadarko Woodard play. Initial production production results continue to improve.  In the Oklahoma Woodford CLR has 324,000 net acres leased and 10 rigs.
In the Niobrara, CLR has drilled and fractured the Newton 1-4H in Weld County.  CLR currently has 83,100 net acres in the DJ Basin.

Public comment is invited on Newfield Revised EP

http://www.rigzone.com/news/article.asp?a_id=106813

Chevron to buy 228K acres from Chief, Tug Hill

Chevron to buy 228K acres from Chief, Tug Hill - State & Region - MercedSun-Star.com

ONEOK announced plans too build new Natural Gas pipelines

ONEOK could invest up to $1.2 billion to construct new infrastructure for natural gas liquids between Mid-Continent and Gulf Coast markets.
ONEOK Announcement

TWMA signs Hess Dakota deal

TWMA signs Hess Dakota deal - Upstream Online

Chesapeake readies shale sale

Even as Chesapeake buys up Bronco Drilling, they are making plans to put major acreage on the selling block in hopes to cut debt.  CEO McClendon has stated that the company is looking for a joint venture in the Utica play.  With the prospect of a partner sitting out there Chesapeake still looks to up the anti in both the Utica and Mississippian plays by nearly doubling the rig count in both areas.
Chesapeake readies shale sale - Upstream Online

Southern Bay begins drilling in Fayette County

Southern Bay, GeoResources' southern division subsidiary, is drilling a well to a TD of 10,500 feet in Fayette County to target Eagle Ford Shale. 

Southern Bay in Fayette County

ONEOK to Present at the AGA Financial Forum

ONEOK, Inc will present at the American Gas Association Financial Forum on Monday, May 16, 2011 in Orlando,  FL. (11:15 am EDT) 

Further information at www.oneok.com

UPDATE- Delek US Holdings announced completion of purchase of Lion Oil

Delek US Holdings announced April 29, 2011 that is had completed the purchase of a 53.7% majority equity interest in Lion Oil Company, giving Delek a total interest of 88.3%.  More information on the sale will be provided on the conference call and web cast May 5, 2011 at 11:00 am CT on www.DelekUS.com .

Enbridge puts out $175 million to Expand infrastucture in Haynesville Shale

Enbridge will invest $175 million to expand its East Texas system.  The partnership has signed agreements that would bring gathering, treating, and transmission services to Shelby, Sabine, San Augustine, and Nacogdoches counties.  Expanding Haynesville Shale Infrastructure

Breitling Spuds Tx. Well to Test Upper Frio-aged Oil

Breitling drills in San Patricio County, TX as a continuation of development in its Gulf Coast Onshore Initiative. 
Breitling-Salsa #1

Southwestern Energy better then expected in Fayetteville Shale

Southwestern Energy's Fayetteville Shale pulls Q1 earnings up for the rest of the production areas. The shale play in north-central Arkansas, was stronger then expected and prompted SWN to increase capital investments for 2011.  This increase will result in 30 additional wells drilled in the Fayetteville Shale. 

SWN conference call transcripts for 2011 Q1

ITF opens shop in Houston

ITF opens shop in Houston - Upstream Online

Bakken producers take another hit

Just when it looked like producers in the Bakken region were reading to hit the ground running for the warm months, mother nature throws a wrench. Blizzard stops Bakken

Oil and Gas by the Numbers 04/29/2011

Good afternoon from oil country.  Looking at the numbers today, the price of WTI crude is currently at $113.87/barrel.  That's a whopping $24.80/barrel more then a year ago, is it any wonder that gasoline is also  a $1.00/gallon higher then last year too.  The rigs keep rolling in with an increase of 18 in the US this week.  Some of the states sporting increases are: TX, LA, OK, PA, WY, and WV.

Rig Count

updated 04/29/11

United States Total:  1818 (up 18 rigs)
TX: 804
LA: 172
OK: 183
ND: 160
PA: 105
NM:  72
CO:  72
WY: 42
CA:  41
AK:  5
WV:  15
MT:  10

Applications to Drill

04/22/11 thru 04/28/11

TX:  228
ND:  31
MT:  8

Gasoline Prices

04/29/11

National Average:  $3.91/gal
US Low:  WY $3.521/gal
US High:  HI $4.595/gal

Rig updates in the Bakken -MonDak Oilfield Review

If your looking for a quick update on the Bakken rig counts this is the link for you.
Rock and Roll Roughneck- MonDak Oilfield Review

Linn Energy posts Acquisition agreements totaling $637 million

Linn Energy will enter a new operating area with its acquisition in the Williston Basin Bakken at $196 million and also two bolt-on acquisitions for $163 million.  In the Permian Basin, Linn Energy completed two additional bolt on acquisitions totalling $238 million.  Linn Energy Q1 2011 Results

Carrizo Oil & Gas Announces Sale of Non-Core Barnett Shale

Carrizo Oil & Gas has entered into a definitive agreement to sell a majority of their Barnett Shale Tier 1 assets to KKR Natural Resources for $104 million.

Details at: Carrizo Oil & Gas

XTO Energy Drops Southlake Drilling Plans

XTO Energy Drops Southlake Drilling Plans - Topix

Dresser-Rand tapped for 'renewable diesel fuel' project

Dresser-Rand tapped for 'renewable diesel fuel' project - Topix

Range completes first horizontal well

Range completes first horizontal well - Upstream Online

Chesapeake Energy Moves forward on Bronco Drilling Acquisition

Details for the aquisition of the drilling company can be found at:  Chesapeake Energy to Aquire Bronco Drilling Company

Talisman sells Wyoming acreage

UnionTown Energy has its eyes on targets in the Darby Block prospect. 
Talisman sells Wyoming acreage - Upstream Online

Crude prices boost Shell income

Crude prices boost Shell income - Upstream Online

Patterson pumps up profits

Patterson pumps up profits - Upstream Online

Apache ups earnings on price and flows

Apache has operational fronts, state side, in Permian Basin, Anadarko Basin, and the Gulf of Mexico deepwaters.  They are currently boasting a 25% increase in Q1.  You can read a quick breakout of their Q1 report at:
Apache ups earnings on price and flows - Upstream Online

Find the full news release at: Apache Corp (APA)

Marathon Oil (MRO) - Declares dividend

The board of directors declared a dividend of 25 cents er share on MRO common stock.  The dividend is payable June 10, 2011.

For full details: Marathon Oil

Samson Oil & Gas - Earl #1-13H

Weather, holiday, and breakdowns slows down operations on the Earl #1-13H. Work began yesterday to drill out the 19 plugs down hole.  Samson reports they are encouraged by the marked increase in oil rate after the first plug was removed.

Newfield sees loss in quarter

Newfield sees loss in quarter - Upstream Online

Antares confirms Harrison oil

Antares confirms Harrison oil - Upstream Online

Noble sees sharp loss in quarter

Noble sees sharp loss in quarter - Upstream Online

Schlumberger soars in Q1

Schlumberger soars in first - Upstream Online

Oil and Gas by the Numbers 04/21/2011

Rig Count

updated 04/15/11

United States Total:  1800 (up 28 this week)
TX: 801
LA: 170
OK: 174
ND: 161
PA: 104
NM: 73
CO: 72
WY: 41
CA: 41
WV: 14
MT: 10
AK: 6

Permits Issued for Drilling

04/15/11 thru 04/21/11

TX: 661
ND: 20
MT: 3 new, 2 reissued
CA: no report
WY: 72

Gasoline Prices

04/22/11

National Average:  $3.83/gal
US Low: WY $3.524/gal
US High:  HI $4.640/gal

Marcellus boosts Range output

Marcellus boosts Range output - Upstream Online

Muddy roads, reserve pits flooding main problems in oil field

I posted up a picture earlier of the flooding on just one location in the Bakken. 

Here is a quick article from the Minot Daily News about the effects on the oil industry.
Muddy roads, reserve pits flooding main problems in oil field - MinotDailyNews.com News, sports, business, jobs - Minot Daily News

McMoRan beats Street Estimates

Gas prices help company to cut losses from last years numbers.
McMoRan beats Street - Upstream Online

Fred Olsen goes drillship shopping

Fred Olsen goes drillship shopping - Upstream Online

Shell sees Alaska Arctic spud next year

Shell sees Alaska Arctic spud next year - Upstream Online

Samson Oil and Gas Quarterly Report

Samson Oil and Gas posts a very positive report for 1Q 2011. The full report can be read at: Samson Oil and Gas Quarterly Report

Chesapeake updates.

It appears that there is some info on Chesapeake that I had not been aware of pertaining to Chesapeake assets in the Bakken.  It is still not clear if the assets actually pertain to the Bakken, but it would appear that they have acquired acreage in North Dakota.  I did a little research and did find information an the wells that Chesapeake currently had in the area.  The most current status update was in 2002 according to the ND Oil and Gas Commission.  All I can say is that I have found a new research project for the week.  In the meantime readers can get more information be going to one of my favorite blogs on the Bakken at Million Dollar Way - Something Big in Bakken....

Cimarex will Announce 1Q 2011 Results

Cimarex Energy (XEC) will hold the 1Q 2011 conferenece call on May 6th at 11:00 AM.
For further information please keep the website at Cimarex Energy.

Target starts Buffalo fraccing in South Texas

Target starts Buffalo fraccing - Upstream Online

BP appeals for lower Alaska taxes

BP appeals for lower Alaska taxes - Upstream Online

Texon cheers Eagle Ford flows

Teal Ranch EFS-1H update
Texon cheers Eagle Ford flows - Upstream Online

Chesapeake edges its way into the Bakken from the side

Chesapeake Energy is a major player in the horizontal drilling of shale plays in almost all US plays, except the Bakken.  That might be starting to change with this latest development between Bronco Drilling and Chesapeake. With a price tag of $315 million, a deal has been made between the two companies.  Bronco Drilling currently owns 22 rigs, these rigs are mostly in the Bakken and the Anadarko basin.  Chesapeake may not own mineral acreage in the Bakken but one can bet that their involvement through the drilling services will be noticed in Bakken.

Chesapeake catches Bronco - Upstream Online

UPDATE: Chesapeake shows further involvement in the North Dakota.
Link is from Million Dollay Way. Chesapeake drilling in Hettinger County, ND

Oil and Gas by the Numbers 04/15/2011

Good Afternoon.  It looks like oil prices are rebounding slightly today.  At noon the price was $109.92/barrel for WTI. 

Rig Count

updated 04/15/11

United States Total:  1772 (down 10 this week)
TX:  779
LA:  171
OK:  170
ND:  160
PA:  102
NM:  74
CO:  72
WY:  40
CA:  41
WV:  14
MT:  11
AK:  6

Permits Issued for Drilling

04/08/11 thru 04/14/11

TX:  608
ND:  25
MT:  5 new, 5 reissued
CA: 112 last report on 04/02/11
WY: 49

Gasoline Prices

04/15/11

National Average:  $3.794/gal
US Low:  WY $3.504/gal
US High:  HI $4.508/gal

Chesapeake Midstream Partners Announces 1Q Results Conference Call

2011 1Q conference call details

Development in Colorado, Utah, and Wyoming under the microscope again.

Obama's administration is making plans to have the BLM review, yet again, the environmental impact of development of shale play resources in Colorado, Utah, and Wyoming.

BLM review of oil shale development

LNG Energy sells Oklahoma leases

LNG Energy sells Oklahoma leases - Upstream Online

El Paso to develop Eagle Ford assets alone

El Paso's assets continue to exceed expectations, which has prompted them to develop them on their own.  This information comes from El Paso at a time when there had been alot of joint ventures amongst other exploration/production companies with assets in the Eagle Ford.


El Paso News

Brigham Exploration Announces Record Numbers

Brigham Exploration has made large gains in their drilling and exploration in the Bakken field.  Brigham has successfully completed 56 consecutive long lateral high frac stage wells.  The average early 24 hr peak flow back rate is approximately 2884 barrels of oil equivalent. With record wells in North Dakota and Montana Brigham Exploration will be a company to keep an eye on.

Brigham Exploration Table of Operational Updates

Eagle Rock swoops up Crow Creek Energy

Eagle Rock swoops up Crow Creek - Upstream Online

Alta forms $1bn JV with Blackstone

This article is kind of limited in its information, but one has to imagine that some of the new leases and drilling that they propose would be in the US shale plays. Alta Energy Partners will definitely be one to watch in the future.
Alta forms $1bn JV with Blackstone - Upstream Online

Oil rises above $121 after a two day decline

For the latest politics behind the current oil prices please click the link below.
Oil rises above $121 - Upstream Online

SM strikes Eagle Ford transport deal

Eagle Ford Oil gets another mode of transportation.  There appears to be a lot of pipeline/transportation deals in the works lately.  See the link below for the deal SM has with ETC Texas Pipeline.
SM strikes Eagle Ford transport deal - Upstream Online

Anadarko signs deals to move Eagle Ford Oil

Flint Hill Resources will begin receiving Eagle Ford oil and condensate from Anadarko Petroleum.  Flint Hills Resources and Harvest Pipeline also announced that they have projects in the work to improve capicity and availability to move Eagle Ford oil to Corpus Christi, TX.  For all the details please see the link below.

Anadarko moving Eagle Ford Oil

Samson Oil and Gas Advise on Earl #1-13H Well

Fracture stimulation operations have been completed on the Earl #1-13 H, with all 20 stages pumped.  The stimulation placed 2.1 million pounds of proppant.  The flow back equipment will be moved from the Rodney well and operations will commence in 24 hours.

Delek US Holdings, Inc Announces their 1st Q conference

Delek US Holdings will hold their 1st Q conference call beginning at 11:00 am CT on Thursday, May 5, 2011. A live broadcast of the call will be available online at www.DelekUS.com.

Frac Focus Chemical Registry

With all the controversy in the oil and gas industry over fracture stimulation, I decided to post this website so anyone interested can go see more about the process and just what they use to do the procedure.

Fracture stimulation chemical listings

Bakken flooding

The aftermath of near record snow in the Bakken region.

SandRidge Energy IPAA OGIS Presentation Posted

SandRidge IPAA OGIS

Texas: Maverick San Miguel farmout completed

Texas: Maverick San Miguel farmout completed - Oil & Gas Journal

Oil and Gas by the Numbers 04/08/2011

Good Afternoon!  As I sit and listen to the news today I can't help but think too many people in DC are wanting a long vacation over Easter.  However with fuel prices what they are most of us will have to be conservative.  WTI rings in at noon today at $111.82/barrel.  It seems that the trend is going to keep climbing. With summer coming in some parts of the US the demand should also increase to support the climbing prices.  For those of you interested in where the economists think that our oil costs are going make sure to check out the link: Poll predicts 130 oil in 2011.

Rig Count

updated 04/08/11

United States Total: 1782 (an increase of 6)
TX: 791
LA: 174
OK: 160
ND: 159
PA:  107
NM: 76
CO: 72
WY: 40
CA: 41
MT: 11
AK:  4
For more information and other state counts please check out: Baker Hughes Rig Count.

Permits Issued for Drilling

04/01/11 thru 04/07/11

TX: 412
ND: 36
MT: 6 new, 6 reissued
CA: no new report
CO: no new report
WY: 42

Gasoline Prices

04/08/11

National Average:  $3.727/gal
US Low:  WY $3.459
US High:  HI $4.470

Devon Energy gets approval to Drill for oil in Campbell County WY

Devon Energy's Waterbuck oil well permit was just approved on 04/07/2011.  This permit is issued for Campbell county WY and will target the Niobrara formation.  The full report from WOGCC's website is listed below:

Devon Energy - Waterbuck

Poll predicts $130 oil in 2011

If the prices at the pump are not high enough to deter you yet then just wait a month or two.  Experts are predicting that $150/barrel on the BRENT is a possibility for this year. 

Poll predicts $130 oil in 2011 - Upstream Online

BOEMRE approves Murphy sidetrack

BOEMRE approves Murphy sidetrack - Upstream Online

Berry slapped with $2.1m fine

Berry Petroleum faces the $2.1 million price tag for shoddy work of an employee in equalizer valve installation and as-builts.

Berry slapped with $2.1m fine - Upstream Online

Tetra sheds E&P business

Tetra sheds E&P business - Upstream Online

ConocoPhillips executive warns of low Trans-Alaska Pipeline System flow

Low production and high taxes threaten the use of the Taps.  With little incentive to explore and invest, one of the US's major oil resources is being under produced.
Mulva warns of low Taps flow - Upstream Online

Texon cheers Leighton double

Texon cheers Leighton double - Upstream Online

Oneok schedules conference

Announcement of Oneok 1st Qtr Earning Conference

FX rigs up for Bakken re-entry well

FX rigs up for Bakken re-entry well - Upstream Online

Legacy buys Permian assets for $67m

Legacy buys Permian assets for $67m - Upstream Online

Enbridge spends $550 million cleaning up Kalamazoo.

Enbridge cleans up Kalamazoo River

Chesapeake marks milestone in Natural Gas conversion project

This sounds like a very economical project at a time when gasoline is moving to $4.00/gal.  Chesapeake estimates that the average savings in fuel alone will be around $11 million.  I haven't done the math but it looks like a win win situation.  By converting 4200 vehicles to natural gas Chesapeake will set into motion several things.  First pay less then a $1.50/unit of fuel is a great start. Also the market is flooded right now with natural gas so why not use it to our benefit. Then there is the feel good benefit, natural gas is a clean air fuel. With all these things in mind it is great to hear that Oklahoma has already started to provide this fuel for the public.  To read more click on the link:

Chesapeake converts to Natural Gas

Marathon turns over Niobrara shale interest

Marathon News
Marathon Newspaper

Proof Not There: Prof: Drilling, Earthquakes Not Connected

With professors from both sides of the debate now, one has to wonder the facts behind the arguement.  The link below gives more light on the quest to find answers in the environmental/geological impact of gas production in the Marcellus shale formation.

Proof Not There: Prof: Drilling, Earthquakes Not Connected - News, Sports, Jobs - The Intelligencer / Wheeling News-Register

Occidental Petroleum announces the date of 1st Q conference

OXY New Press

Samson Oil and Gas moves forward on the Earl 1-13H Well

Samson Oil & Gas - Earl 1-13H Well

ConocoPhillips 'eyes shale and deep-water'

ConocoPhillips 'eyes shale and deep-water' - Upstream Online

Target hit with delays in Texas-Fairway play

Target hit with delays in Texas - Upstream Online

Providence disposes of its entire Gulf of Mexico assets

In  an effort to pad its capital before starting a $500 million campaign in the UK Providence lets its assest in the Gulf of Mexico go. 
Providence in US Gulf exit sale - Upstream Online

Chesapeake closes transation on Fayetteville Shale sale

Chesapeake sale of 487,000 net acres in Fayetteville Shale

Montana State announces the Sale date for State Leases

Montana state's quarterly oil and gas lease sale is scheduled for June 7, 2011 in Helena.  For a full write up on DNRC Montana's sale: Montana quarterly sale of Oil and Gas leases.

Crude hits 2-1/2-year high

Politics behind rise in crude prices

Oil and Gas by the Numbers 04/01/2011

Good Afternoon!  The oil and gas industry seems to be on up swing this week.  Crude prices are up, rig counts are up, permits numbers submitted are up, and of course gasoline prices are up.  I have to wonder when we will see the top of the climb and settle in for a strong but steady pace that we can maintain. As of 11:30 AM the price of WTI crude was a whopping $107.55/barrel.  With that in mind here are the rest of the numbers for the week:

Rig Count

updated 04/01/11

• United States Total:  1776 (an increase of 38 rigs from last weeks total)
• TX:  770
• LA:  175
• OK:  175
• ND:  159
• PA:  104
• NM:  78
• CO:  72
• WY:  40
• CA:  41
• MT:  11
• AK:  6

For more information and other state counts please check out: Baker Hughes Rig Count

Permits Issued for Drilling

03/25/11 thru 03/31/11

TX:  269 (approved new drill permits)
ND: 34
MT:  2 new, 3 reissued (this is prior weeks data)
CA:  nothing new released
CO:  After a flurry of activity earlier this month there appears to be no new permits issued.
WY: 42

Gasoline Prices

04/01/11

National Average:  $3.611/gal
US Low:  WY $3.373/gal
US High:  HI $4.304/gal

Chesapeake Energy gets approval to call Blue Swan home

Athens Township supervisors approve preliminary plan for Blue Swan property - News - Daily Review

Shell gets permit for US Gulf

Shell gets permit for US Gulf - Upstream Online

Samson Oil and Gas closes sale of WY gas assets.

Jonah and Lookout Wash gas Assets.
Samson Oil and Gas closes sale of Wyoming assets

Nighthawk to add brass to boost ops

Nighthawk to add brass to boost ops - Upstream Online

Niobrara investor information

If your looking for a place to get information more specific to the Niobrara formation check out this link.  I will add this link to my resources list as well so it can be easily found later on.

Niobrara Shale Blog

EOG nixes Marcellus sale

EOG nixes Marcellus sale - Upstream Online

Leed facing liquidation

Leed facing liquidation - Upstream Online

SandRidge Mississippian Trust I Launches Initial Public Offering

SandRidge Investor Relations

EOG and Chesapeake brass see Natural Gas future in different lights

Mark Papa, EOG chief executive, and Aubrey McClendon, Chesapeake chief executive,  have more then a few things in common.  Both lead the way in large energy companies that are making news in some of the major shale plays in the US.  Both leaders have companies that handle natural gas either as the whole product or as a by-product of oil. Most importantly they both agree that the natural gas market has been oversupplied, in part due to the same shale plays in which they are both actively producing.
Still with these things in common the two executives take a very different look at the future of natural gas in the US.  EOG's CEO, Mark Papa, was quoted today saying "it is "astounding" that all of his peer competitors plan to increase production." EOG however expects a drop of 5%.  Chesapeake CEO, Aubrey McClendon, in turn is optimistic about natural gas prices and believes there will be a higher demand for natural gas in the near future.

To see the whole report and compare for yourself check out these links:
Chesapeake sees sunny outlook
EOG boss 'astounded' at gas dash

SAMSON OIL & GAS ADVISES ON RODNEY #1-14H

Good reports are coming from the Samson group.  Please follow the link to see the most recent results of fracking the Rodney #1-14H.

Fracking complete on Samson Rodney#1-14H

Texon reserves in Eagle Ford climb in 2010

Texon reserves climb in 2010 - Upstream Online

Trans Energy Inc. RESULTS ON ITS STOUT #2H

Trans Energy Inc

Statoil sees US drill costs rise

Statoil sees US drill costs rise - Upstream Online

Image coutesy of Maersk Drilling

Northern Oil and Gas Announces Plans to Move forward in Bakken

Northern Oil and Gas has acquired lease hold interest in approximately 11,000 net acres in the Windsor prospect of the Bakken.  NOG along with its operating partner Slawson Exploration have begun the second well and have also contracted a dedicated frac crew for their investments. 
To read further information on this newest focus for NOG and Slawson please see the link.
Northern Oil and Gas - Increased drilling in 2011

Hot sectors, jobs on investors' radar

Hot sectors, jobs on investors' radar - 1440 WNFL

Origins of the Marcellus gas boom

Origins of the Marcellus gas boom - Chambersburg Public Opinion

Upcoming Williston Basin Pipeline Webinar

ND Pipeline Authority - Williston Basin Update

Continental Resources Announces Partial Exercise of Overallotment Option

Continental Resources - Investors New Release

Barclays Capital 2011 presentation on Sand Ridge Energy

Barclays Capital 2011 Conference Sand Ridge Energy

IOG cheers California flows

IOG cheers California flows - Upstream Online

Bakken hit with near record snow in 2010/2011 winter

Winter in the Bakken.
Lets not forget that this was about 2 months and 4 snow storms ago.

Pioneer cuts output estimate

Winter shows operators who is in control.  I would be very interested to find information on how the winter in the Bakken region has affected production.  I have heard that ND is only 5" away from a record snow fall this year at 75 inches.  That kind of snowfall is bound to have slowed down production and/or transportation take away.  Check out the link to see what issues Pioneer faced:
Pioneer cuts output estimate - Upstream Online

Oil and Gas by the Numbers 03/25/2011

Good Afternoon! There are lots of new things going on in the oil and gas world this week.  The price of oil this afternoon is currently at $105.13/barrel.  I am interested to see what impact the new permits in the Gulf will have on future oil prices.  I am also watching the new list of permits requested in the Niobrara on the Wyoming side of the formation.  National rig count is up again by a total of 18 rigs. That is about twice the jump we have seen so far this month.

Rig Count

updated 03/25/11

• United States Total:  1738 (an increase of 18 rigs from last week)
• TX: 766
• LA: 176
• OK: 156
• ND: 155
• PA: 104
• NM: 77
• CO: 71
• WY: 38
• CA: 42
• AK: 6

For more information and other state counts please check out: Baker Hughes - Rig Count

Permits Issued for Drilling

03/18/11 thru 03/24/11

TX: 525 (approved new drill permits)

ND: 31 (snow storm shut down whole state, may have dropped numbers for one day)

MT: no new numbers reported

CA: no new numbers reported

WY: 85 (oil/gas and CBM)

Gasoline Prices

03/24/11

National Average: $3.556/gal

US Low: WY $3.318/gal

US High: HI $4.247/gal





SAMSON OIL & GAS ANNOUNCES AGREEMENT TO SELL GAS ASSETS IN GREEN RIVER BASIN

Samson Oil and Gas Sale of Jonah and Lookout Wash Fields

Horizontal Drilling and Hydraulic Fracturing Video

This video comes from API's website.  Very good generalization of the process for anyone wanting to understand the procedure.
Horizontal drilling and Hydraulic fracturing - API

New Oil and Gas Operators add

I just finished adding some more names to the producer/operator list.  I still have several more to research and add so please check often if you are looking of a specific company.  Better yet leave me a comment if there is a company you have been looking for, maybe I can help.

Maersk to restart US Gulf drillbit

Anchors are pulled and the rig is on the move for Exxon, read below:
Maersk to restart US Gulf drillbit - Upstream Online

PDC adds it's name to the companies drilling the Niobrara

PDC Energy expects to make is appearance in the Niobrara this year.  PDC reports that it intends to drill 10 wells in the formation were others are holding tight to acreage.  PDC is joining Chesapeake Energy, EOG Resources, Noble Energy, and Anadarko Petroleum in the list of companies with exposure in the Niobrara, Wattenberg Core.
For a full report please see the following link:
PDC plans Niobrara well push - Upstream Online

Asop well may be source of slick on LA coast line

Asop well may be source of slick - Upstream Online

Clayton Williams expands in Delaware basin, TX

Clayton Williams expands in Delaware basin - Upstream Online

Rex strikes out in Niobrara (BJB 34-14H)

Rex strikes out in Niobrara - Upstream Online

Chesapeake ordered to stop work

Chesapeake ordered to stop work - Upstream Online

US Natural Gas scores oily acreage

US Natural Gas scores oily acreage - Upstream Online

Delek US to acquire Lion Oil Co. in $95M deal

Delek US to acquire Lion Oil Co. in $95M deal - Topix

Anadarko in $575.5m Colorado BP plant buy

Anadarko has agreed to pay BP $575.5m for the 93% interest in the Wattenberg processing plant that it doesn't already own. 
The following link has the whole article from Upstream Online:
Anadarko in $575.5m BP plant buy - Upstream Online

Newfield Exploration acquires new assets in Uinta Basin

Newfield announced yesterday that they have signed two separate purchase agreements for a total of 70,000 net acres in the Uinta Basin.  The mostly undeveloped acreage will border Newfields current acreage -Monument Butte.  The transaction is expected to be finished in the second quarter 2011.  A full report from Energy Pedia along with a map of the area can be found at the following link:
US: Newfield Exploration acquires Uinta Basin assets from Harvest Natural Resources

Shell wins OK for new Auger wells (deep water exploration)

Shell's submission of the exploration plan has fulfilled the new environmental standards post Macondo oil spill. Shell will however still needs to obtain drilling permits for the actual exploratory wells.
Full report from Upstream Online can be read at:
Shell wins OK for new Auger wells - Upstream Online

Continental Reources Accelerates Growth with help from Bakken Shale

Continental Resources (CLR) announced yesterday that they will move their headquarters to Oklahoma City in the second half of 2012.  This movement will facilitate the growth plan for CLR set last year.  As their operation grows (estimates of 35 to37 percent) they have plans to add an additional office in the Rocky Mountain region.

A full news release from Continental Resources can be found at:
Continental Resources Move to Oklahoma City

Mountainview Energy snaps up acreage in the Montana Bakken

Mountainview Energy has acquired a 12.5% working interest n 160 net acres of the Williston Basin.  Mountainview also announced its participation with G3 Operating in drilling the Olson 1-21-16H. For further details please see the link below:
Mountainview Energy snaps up acreage - Upstream Online

Samson Oil and Gas - Rodney #1-14 H

Samson Oil and Gas has moved forward on their 16 stage plan to fracture stimulate the Rodney#1-14.  Due to some mechanical issues they report to be on stage 15. (1700 hours March 21st)  Samson also reports the spud date for the Everett #2-15 has been moved up to March 28th.

KNOC in Eagle Ford shale JV - Upstream Online

KNOC in Eagle Ford shale JV - Upstream Online

US rigs rise by five - Upstream Online

US rigs rise by five - Upstream Online

US gives green light to Petrobras - Upstream Online

US gives green light to Petrobras - Upstream Online

Natural Gas Hopes- US Truck fleets consider converting

Oil Companies show faith in Natural Gas

A post while traveling from old oil country to new

Well internet being what it is in the vast rural areas of Colorado, Wyoming, Montana and North Dakota has taken a toll on my blog this week.  I have however gained so new leads and insite that will be interesting to investigate next week. I will however report these few tidbits as i roll thru good 3G coverage.
Oil today closed at $101.62/barrel.  This appears to be lower then what we saw earlier tyis week, but my reader feeds suggest we have found a little calm in the middle east.  The rig count for the week has gone up by 5 for a US total of 1720.  I was happy to see as I traveled WY that one of my feeds was correct and that Southern Campbell county has a few rigs up.  I will be looking for more info on that.  Well service is about to drop again, so for now!