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