Friday, April 1, 2011
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
Providence in US Gulf exit sale - Upstream Online
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.
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:
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
National Average: $3.611/gal
US Low: WY $3.373/gal
US High: HI $4.304/gal
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
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
Thursday, March 31, 2011
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
Samson Oil and Gas closes sale of Wyoming assets
Wednesday, March 30, 2011
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
Niobrara Shale Blog
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
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
Fracking complete on Samson Rodney#1-14H
Tuesday, March 29, 2011
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
To read further information on this newest focus for NOG and Slawson please see the link.
Northern Oil and Gas - Increased drilling in 2011
Monday, March 28, 2011
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