Friday, March 25, 2011
Bakken hit with near record snow in 2010/2011 winter
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
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
Thursday, March 24, 2011
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
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
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
For a full report please see the following link:
PDC plans Niobrara well push - Upstream Online
Wednesday, March 23, 2011
Tuesday, March 22, 2011
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
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
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
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
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
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.
Monday, March 21, 2011
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