Muddy roads, reserve pits flooding main problems in oil field

I posted up a picture earlier of the flooding on just one location in the Bakken. 

Here is a quick article from the Minot Daily News about the effects on the oil industry.
Muddy roads, reserve pits flooding main problems in oil field - MinotDailyNews.com News, sports, business, jobs - Minot Daily News

Target hit with delays in Texas-Fairway play

Target hit with delays in Texas - Upstream Online

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

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:

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

For more information and other state counts please check out: Baker Hughes Rig Count

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

Hot sectors, jobs on investors' radar

Hot sectors, jobs on investors' radar - 1440 WNFL

Upcoming Williston Basin Pipeline Webinar

ND Pipeline Authority - Williston Basin Update

Continental Resources Announces Partial Exercise of Overallotment Option

Continental Resources - Investors New Release

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

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





SAMSON OIL & GAS ANNOUNCES AGREEMENT TO SELL GAS ASSETS IN GREEN RIVER BASIN

Samson Oil and Gas Sale of Jonah and Lookout Wash Fields

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

Asop well may be source of slick on LA coast line

Asop well may be source of slick - Upstream Online

Clayton Williams expands in Delaware basin, TX

Clayton Williams expands in Delaware basin - Upstream Online

Rex strikes out in Niobrara (BJB 34-14H)

Rex strikes out in Niobrara - Upstream Online

Delek US to acquire Lion Oil Co. in $95M deal

Delek US to acquire Lion Oil Co. in $95M deal - Topix

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

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

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

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

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