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