Saturday, March 19, 2011

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!

Tuesday, March 15, 2011

Monday, March 14, 2011

GMX Resources shows renewed commitment to Bakken & Niobrara acreage

GMX just announced that it has stepped up to the plate to further its exploration and development of the Bakken, Niobrara, and Haynesville/Bossier core areas. Company news reports that GMXR has added three new employees to its Land Department. In addition to the Land Managers added specifically to the Bakken and Niobrara acreage areas, GMXR is opening a regional office in Denver, CO that will serve as the working office for both shale plays. GMXR reports that the Denver office will be fully functional by the end of March.

For a full press release on this information please see the following link:
GMXR Investor Relations - Press Releases

Legend seals Bakken acreage - Upstream Online

Legend seals Bakken acreage - Upstream Online

Vaalco steps into Granite Wash - Upstream Online

Vaalco steps into Granite Wash - Upstream Online

Black Hawk makes Kansas find - Upstream Online

Interesting bite out of Kansas, seems like everyone has the drilling fever.

Black Hawk makes Kansas find - Upstream Online

Fidelity Exploration picks up BP's Sr VP of onshore operations

It looks like in all the shake up of BP, other companies are picking up the management they need to push forward and expand their current reserves.  Kent Wells, formerly with BP-onshore, will begin his new appointment with Fidelity Exploration on May 2, 2011 in the Denver headquarters.

For a full article please see: Fidelity adds new Boss