Oil and Gas by the Numbers 09/30/2011

The price of crude appears to be on a down turn yet again. I was pretty sure I had seen it at almost $85/barrel earlier this week, but at the time of this report it is at $79.09/barrel and falling. The rig count has leveled off a little as well after a sizable increase the week prior. On the upside for consumers the price of gasoline has dropped nearly $.20 on average. The media has also started to pick up on the Utica Shale play, in part due to Chesapeake's drilling permits and schedule in the Ohio area. Looking today I don't see any major changes in the rig report in OH, but will watch to see if anything develops.

Rig Count

09/30/2011

USA: 1990 

TX: 904 (+1)

LA: 148

OK: 196 (-2)

ND: 191(+1)

PA: 109

NM: 81

CO: 79 (+2)

WY: 55 (+3)

CA: 52

UT: 26

AK: 6

WV: 27

MT: 5

For the rig count in other states: Baker Hughes Rig Count by State 09/30/2011

New Applications to Drill

09/22/2011 through 09/29/2011



TX: 400

ND: 48

MT: 3

WY: 69

Gasoline Prices

09/30/2011



US Average: $3.470/gallon

US Low: SC $3.154/gallon

US High: HI $4.208/gallon

Oil and gas by the Numbers 09/02/2011

Today at noon the oil market was sitting at $87.25/barrel on was a couple dollars higher then last week at this time. I do see that it is dropping since then though. This weeks rig count is also lower, Louisiana show a drop of 6 of the 7 in the USA rig drop.

Rig Count

updated 09/02/2011

USA: 1968
  TX:    898
  LA:    152
  OK:   195
  ND:   180
  PA:    113
  NM:    86
  CO:     75
  WY:    51
  CA:     48
   UT:     27
   AK:      7
  WV:    20
  MT:       6

For more states: Baker Hughes Rig Count

Applications Submitted to Drill

08/26/2011 through 09/02/2011

TX:  169

ND:   46

MT:   17

CA:   30

WY:  82



Gasoline Prices

09/02/2011

US Average:  $3.66/gal

US Low:  AZ $3.404/gal

US High:   HI $4.167/gal



For a printer friendly copy: Oil and Gas by the Numbers 09/02/2011

ITF opens shop in Houston

ITF opens shop in Houston - Upstream Online

Bakken producers take another hit

Just when it looked like producers in the Bakken region were reading to hit the ground running for the warm months, mother nature throws a wrench. Blizzard stops Bakken

Newfield sees loss in quarter

Newfield sees loss in quarter - Upstream Online

Antares confirms Harrison oil

Antares confirms Harrison oil - Upstream Online

Schlumberger soars in Q1

Schlumberger soars in first - Upstream Online

Oil and Gas by the Numbers 04/21/2011

Rig Count

updated 04/15/11

United States Total:  1800 (up 28 this week)
TX: 801
LA: 170
OK: 174
ND: 161
PA: 104
NM: 73
CO: 72
WY: 41
CA: 41
WV: 14
MT: 10
AK: 6

Permits Issued for Drilling

04/15/11 thru 04/21/11

TX: 661
ND: 20
MT: 3 new, 2 reissued
CA: no report
WY: 72

Gasoline Prices

04/22/11

National Average:  $3.83/gal
US Low: WY $3.524/gal
US High:  HI $4.640/gal

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

Oil and Gas by the Numbers 04/15/2011

Good Afternoon.  It looks like oil prices are rebounding slightly today.  At noon the price was $109.92/barrel for WTI. 

Rig Count

updated 04/15/11

United States Total:  1772 (down 10 this week)
TX:  779
LA:  171
OK:  170
ND:  160
PA:  102
NM:  74
CO:  72
WY:  40
CA:  41
WV:  14
MT:  11
AK:  6

Permits Issued for Drilling

04/08/11 thru 04/14/11

TX:  608
ND:  25
MT:  5 new, 5 reissued
CA: 112 last report on 04/02/11
WY: 49

Gasoline Prices

04/15/11

National Average:  $3.794/gal
US Low:  WY $3.504/gal
US High:  HI $4.508/gal

LNG Energy sells Oklahoma leases

LNG Energy sells Oklahoma leases - Upstream Online

Alta forms $1bn JV with Blackstone

This article is kind of limited in its information, but one has to imagine that some of the new leases and drilling that they propose would be in the US shale plays. Alta Energy Partners will definitely be one to watch in the future.
Alta forms $1bn JV with Blackstone - Upstream Online

Anadarko signs deals to move Eagle Ford Oil

Flint Hill Resources will begin receiving Eagle Ford oil and condensate from Anadarko Petroleum.  Flint Hills Resources and Harvest Pipeline also announced that they have projects in the work to improve capicity and availability to move Eagle Ford oil to Corpus Christi, TX.  For all the details please see the link below.

Anadarko moving Eagle Ford Oil

Bakken flooding

The aftermath of near record snow in the Bakken region.

Oil and Gas by the Numbers 04/08/2011

Good Afternoon!  As I sit and listen to the news today I can't help but think too many people in DC are wanting a long vacation over Easter.  However with fuel prices what they are most of us will have to be conservative.  WTI rings in at noon today at $111.82/barrel.  It seems that the trend is going to keep climbing. With summer coming in some parts of the US the demand should also increase to support the climbing prices.  For those of you interested in where the economists think that our oil costs are going make sure to check out the link: Poll predicts 130 oil in 2011.

Rig Count

updated 04/08/11

United States Total: 1782 (an increase of 6)
TX: 791
LA: 174
OK: 160
ND: 159
PA:  107
NM: 76
CO: 72
WY: 40
CA: 41
MT: 11
AK:  4
For more information and other state counts please check out: Baker Hughes Rig Count.

Permits Issued for Drilling

04/01/11 thru 04/07/11

TX: 412
ND: 36
MT: 6 new, 6 reissued
CA: no new report
CO: no new report
WY: 42

Gasoline Prices

04/08/11

National Average:  $3.727/gal
US Low:  WY $3.459
US High:  HI $4.470

Devon Energy gets approval to Drill for oil in Campbell County WY

Devon Energy's Waterbuck oil well permit was just approved on 04/07/2011.  This permit is issued for Campbell county WY and will target the Niobrara formation.  The full report from WOGCC's website is listed below:

Devon Energy - Waterbuck

Target hit with delays in Texas-Fairway play

Target hit with delays in Texas - Upstream Online

Crude hits 2-1/2-year high

Politics behind rise in crude prices

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

Shell gets permit for US Gulf

Shell gets permit for US Gulf - Upstream Online