Exxon Mobile Hat trick

http://www.upstreamonline.com/live/article260430.ece?WT.mc_id=rechargenews_rss

Marathon Oil buys Texas oil fields for $3.5B

Marathon Oil buys Texas oil fields for $3.5B - KNDO/KNDU Tri-Cities, Yakima, WA |


For Marathon's Press Release please see the following link:
Marathon Oil $3.5 Billion Acquisition

Northern Oil and Gas - Activity Updates

The following link will take you to the recent updates of drilling activity for Northern Oil and Gas.
Northern Oil and Gas - Drilling Update

Bakken conditions improve - barely

The Bakken just can't seem to catch a break from mother nature this year.  With a year that opened up with large amounts of snow all the way till May 1st, now the water is taking over.  Flooded locations, sinking equipment, and muddy roads have remained all spring.  The evidence the wet sloppy region can be seen everywhere. In Williams County ND county officials even called a halt to large truck traffic in the region. Williston Herald - Online Edition
The roads just are not able to take any more strain in most areas.  However what may strain them has also helped provide the necessary resources to repair them.  In many counties funds are near exhausted from snow removal, but producers are coming to the rescue by helping haul or provide materials for the repairs.  This not only keeps them in the field producing, but has allowed stranded farmers and ranchers to get out.
There are even areas around the Bakken where road conditions are so bad the whole road is shut down.  This is the case with ND HWY 22, a main through way for the supplies, crews, and oil transportation in western ND. Here it is completely at mother natures mercy that the hwy has been buckled up to an impassable condition.
ND HWY 22 Closed - Dickinson Press

Samson Oil and Gas

New updates for the North Stockyard Field and the Hawks Springs project.
Samson Oil and Gas Update 06-03-11

Samson Oil and Gas Operational Update Released

The following link contains information from May 26th, 2011 on Samson's Everett #1-15H and Earl #1-13H in the Bakken, and the Defender US 33 #2-29H in the Niobrara formation.

Samson Oil and Gas Update 05/26/2011

SandRidge in $690m trust IPO

SandRidge in $690m trust IPO - Upstream Online

Oil and Gas by the Numbers 05/27/2011

Good afternoon everyone.  Well today it looks like we are starting to move forward again in our rig numbers.  The US total made a jump of 17 over the week.  Crude oil seems to be hovering at $100.19/barrel at the moment and natural gas is making a nice upswing $4.51 an increase of 3.56% so far today.  As we head into the holiday weekend that traditionally marks summer gasoline price increases, we are actually looking at some big changes in price on a down trend.

Rig Count

updated 05/27/11

US: 1847
TX: 835
LA:  165
OK: 173
ND:  162
PA:  110
NM:  77
CO:  72
WY:  41
CA:  44
UT:  29
AK:  05
WV: 19
MT:  10

Applications to Drill

05/20/11 thru 5/26/11

TX: 357
ND: 32
MT: 2
CA: No update
WY: 45

Gasoline Prices

05/27/2011

US average: $3.796/gal
Low: SC $3.528/gal
High: AK $4.204/gal

Mississippi Flooding impacts Delek refinery

Delek has reduced total throughputs at the El Dorado refinery, due to the a temporary shut in on the crude oil pipelines to the refinery. The Mississippi River flooding is the cause behind the pipeline closure.

Delek's El Dorado - Update

Chesapeake Energy Enters into Memorandum

Chesapeake Energy and Bronco Drilling

Chesapeake resumes Marcellus fracking

Chesapeake resumes Marcellus fracking - Upstream Online

Oil and Gas by the Numbers 05/13/2011

Good Afternoon!  Looks like we might be back online hopefully to stay.  As I passed by the computer screen the numbers look like they are dropping a bit.  WTI crude is currently at $98.42/barrel.  Along with the dip in the price of crude there is a slight dip in the number of rigs in the US.

Rig Count

updated 05/13/11

US: 1830

TX: 817

LA: 173

OK: 180

ND: 162

PA: 108

NM: 75

CO: 72

WY: 42

CA: 41

AK: 6

WV: 18

MT: 10

Applications to Drill

5/6/11 thru 5/12/11

TX: 333

ND: 35

MT: 6

CA: 54

WY: 98

NM: 3

Gasoline Prices

05/13/11

US average: $3.952/gal

Low: WY $3.654/gal

High: HI $4.475/gal



Texas American Resources status of initial Niobrara well

Niobrara -Talmadge 44-17H

EV Energy Partners show Loss in 1Q

EV Energy Partners

Samson Oil & Gas- Update for Earl #1-13H

Update on Earl #1-13H

Petrohawk in Permian asset buy

Petrohawk announces plans to spend about $75 million on a four rig, 15 well drilling program in the Permian Basin.  Petrohawk also announced that three of five wells in the Eagle Ford are producing, with only on expected to go commercial.
Petrohawk in Permian asset buy - Upstream Online

Linn Energy to Acquire assets in Texas Panhandle

Linn Energy enters an agreement with Panther Energy and Red Willow Mid Continent, LLC to acquire 40% of their oil and natural gas properties.
Linn Energy

Louisiana Oil Shale play projects move forward

Plans are being made to develop in the Tuscaloosa Marine Shale.  Devon Energy has leased 250,000 acres in the region. Denbury Resources also announced a joint venture with an unnamed partner to complete one well and drill another.  An independent, Amelia Resources, had a deal in the works with an undisclosed partner to develop about 110,000 acres it has leased.

Samson spuds Stockyard well

Samson spuds Stockyard well - Upstream Online

Some in Southlake bemoan loss of drilling royalties

Some in Southlake bemoan loss of drilling royalties Barnett Shale Dallas Business, T...

Continental Resources continues to grow

Continental Resources' 2011 Q1 report show strong growth.  CLR reports production numbers of 51,663/boepd for 1st qtr.  CLR's rapid acceleration has warranted the companies move to Oklahoma City in 2012. 
CLR's Bakken play continues to make increases with oil production up 67% from a year ago.  The Williston Prospect, in which CLR has approximately 110,000 net acres, has some promising numbers in initial production tests. CLR has also drilled several multi-well ECO pads that will be completed in Q2. As of 3/31/11 CLR posted 868,900 net acres in the Bakken play w/ 22 rigs in ND and 2 in MT.
CLR has continued growth in the Oklahoma Anadarko Woodard play. Initial production production results continue to improve.  In the Oklahoma Woodford CLR has 324,000 net acres leased and 10 rigs.
In the Niobrara, CLR has drilled and fractured the Newton 1-4H in Weld County.  CLR currently has 83,100 net acres in the DJ Basin.

Public comment is invited on Newfield Revised EP

http://www.rigzone.com/news/article.asp?a_id=106813

Chevron to buy 228K acres from Chief, Tug Hill

Chevron to buy 228K acres from Chief, Tug Hill - State & Region - MercedSun-Star.com

ONEOK announced plans too build new Natural Gas pipelines

ONEOK could invest up to $1.2 billion to construct new infrastructure for natural gas liquids between Mid-Continent and Gulf Coast markets.
ONEOK Announcement

TWMA signs Hess Dakota deal

TWMA signs Hess Dakota deal - Upstream Online

Chesapeake readies shale sale

Even as Chesapeake buys up Bronco Drilling, they are making plans to put major acreage on the selling block in hopes to cut debt.  CEO McClendon has stated that the company is looking for a joint venture in the Utica play.  With the prospect of a partner sitting out there Chesapeake still looks to up the anti in both the Utica and Mississippian plays by nearly doubling the rig count in both areas.
Chesapeake readies shale sale - Upstream Online

Southern Bay begins drilling in Fayette County

Southern Bay, GeoResources' southern division subsidiary, is drilling a well to a TD of 10,500 feet in Fayette County to target Eagle Ford Shale. 

Southern Bay in Fayette County

ONEOK to Present at the AGA Financial Forum

ONEOK, Inc will present at the American Gas Association Financial Forum on Monday, May 16, 2011 in Orlando,  FL. (11:15 am EDT) 

Further information at www.oneok.com

UPDATE- Delek US Holdings announced completion of purchase of Lion Oil

Delek US Holdings announced April 29, 2011 that is had completed the purchase of a 53.7% majority equity interest in Lion Oil Company, giving Delek a total interest of 88.3%.  More information on the sale will be provided on the conference call and web cast May 5, 2011 at 11:00 am CT on www.DelekUS.com .

Enbridge puts out $175 million to Expand infrastucture in Haynesville Shale

Enbridge will invest $175 million to expand its East Texas system.  The partnership has signed agreements that would bring gathering, treating, and transmission services to Shelby, Sabine, San Augustine, and Nacogdoches counties.  Expanding Haynesville Shale Infrastructure

Breitling Spuds Tx. Well to Test Upper Frio-aged Oil

Breitling drills in San Patricio County, TX as a continuation of development in its Gulf Coast Onshore Initiative. 
Breitling-Salsa #1

Southwestern Energy better then expected in Fayetteville Shale

Southwestern Energy's Fayetteville Shale pulls Q1 earnings up for the rest of the production areas. The shale play in north-central Arkansas, was stronger then expected and prompted SWN to increase capital investments for 2011.  This increase will result in 30 additional wells drilled in the Fayetteville Shale. 

SWN conference call transcripts for 2011 Q1

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

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

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

Marcellus boosts Range output

Marcellus boosts Range output - Upstream Online

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

McMoRan beats Street Estimates

Gas prices help company to cut losses from last years numbers.
McMoRan beats Street - Upstream Online

Fred Olsen goes drillship shopping

Fred Olsen goes drillship shopping - Upstream Online

Shell sees Alaska Arctic spud next year

Shell sees Alaska Arctic spud next year - Upstream Online

Samson Oil and Gas Quarterly Report

Samson Oil and Gas posts a very positive report for 1Q 2011. The full report can be read at: Samson Oil and Gas Quarterly Report

Chesapeake updates.

It appears that there is some info on Chesapeake that I had not been aware of pertaining to Chesapeake assets in the Bakken.  It is still not clear if the assets actually pertain to the Bakken, but it would appear that they have acquired acreage in North Dakota.  I did a little research and did find information an the wells that Chesapeake currently had in the area.  The most current status update was in 2002 according to the ND Oil and Gas Commission.  All I can say is that I have found a new research project for the week.  In the meantime readers can get more information be going to one of my favorite blogs on the Bakken at Million Dollar Way - Something Big in Bakken....

Cimarex will Announce 1Q 2011 Results

Cimarex Energy (XEC) will hold the 1Q 2011 conferenece call on May 6th at 11:00 AM.
For further information please keep the website at Cimarex Energy.

Target starts Buffalo fraccing in South Texas

Target starts Buffalo fraccing - Upstream Online

BP appeals for lower Alaska taxes

BP appeals for lower Alaska taxes - Upstream Online

Texon cheers Eagle Ford flows

Teal Ranch EFS-1H update
Texon cheers Eagle Ford flows - Upstream Online

Chesapeake edges its way into the Bakken from the side

Chesapeake Energy is a major player in the horizontal drilling of shale plays in almost all US plays, except the Bakken.  That might be starting to change with this latest development between Bronco Drilling and Chesapeake. With a price tag of $315 million, a deal has been made between the two companies.  Bronco Drilling currently owns 22 rigs, these rigs are mostly in the Bakken and the Anadarko basin.  Chesapeake may not own mineral acreage in the Bakken but one can bet that their involvement through the drilling services will be noticed in Bakken.

Chesapeake catches Bronco - Upstream Online

UPDATE: Chesapeake shows further involvement in the North Dakota.
Link is from Million Dollay Way. Chesapeake drilling in Hettinger County, ND

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

Chesapeake Midstream Partners Announces 1Q Results Conference Call

2011 1Q conference call details

Development in Colorado, Utah, and Wyoming under the microscope again.

Obama's administration is making plans to have the BLM review, yet again, the environmental impact of development of shale play resources in Colorado, Utah, and Wyoming.

BLM review of oil shale development

LNG Energy sells Oklahoma leases

LNG Energy sells Oklahoma leases - Upstream Online

El Paso to develop Eagle Ford assets alone

El Paso's assets continue to exceed expectations, which has prompted them to develop them on their own.  This information comes from El Paso at a time when there had been alot of joint ventures amongst other exploration/production companies with assets in the Eagle Ford.


El Paso News

Brigham Exploration Announces Record Numbers

Brigham Exploration has made large gains in their drilling and exploration in the Bakken field.  Brigham has successfully completed 56 consecutive long lateral high frac stage wells.  The average early 24 hr peak flow back rate is approximately 2884 barrels of oil equivalent. With record wells in North Dakota and Montana Brigham Exploration will be a company to keep an eye on.

Brigham Exploration Table of Operational Updates

Eagle Rock swoops up Crow Creek Energy

Eagle Rock swoops up Crow Creek - 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

Oil rises above $121 after a two day decline

For the latest politics behind the current oil prices please click the link below.
Oil rises above $121 - Upstream Online

SM strikes Eagle Ford transport deal

Eagle Ford Oil gets another mode of transportation.  There appears to be a lot of pipeline/transportation deals in the works lately.  See the link below for the deal SM has with ETC Texas Pipeline.
SM strikes Eagle Ford transport deal - 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

Samson Oil and Gas Advise on Earl #1-13H Well

Fracture stimulation operations have been completed on the Earl #1-13 H, with all 20 stages pumped.  The stimulation placed 2.1 million pounds of proppant.  The flow back equipment will be moved from the Rodney well and operations will commence in 24 hours.

Delek US Holdings, Inc Announces their 1st Q conference

Delek US Holdings will hold their 1st Q conference call beginning at 11:00 am CT on Thursday, May 5, 2011. A live broadcast of the call will be available online at www.DelekUS.com.

Frac Focus Chemical Registry

With all the controversy in the oil and gas industry over fracture stimulation, I decided to post this website so anyone interested can go see more about the process and just what they use to do the procedure.

Fracture stimulation chemical listings

Bakken flooding

The aftermath of near record snow in the Bakken region.

SandRidge Energy IPAA OGIS Presentation Posted

SandRidge IPAA OGIS

Texas: Maverick San Miguel farmout completed

Texas: Maverick San Miguel farmout completed - Oil & Gas Journal

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

Poll predicts $130 oil in 2011

If the prices at the pump are not high enough to deter you yet then just wait a month or two.  Experts are predicting that $150/barrel on the BRENT is a possibility for this year. 

Poll predicts $130 oil in 2011 - Upstream Online

BOEMRE approves Murphy sidetrack

BOEMRE approves Murphy sidetrack - Upstream Online

Berry slapped with $2.1m fine

Berry Petroleum faces the $2.1 million price tag for shoddy work of an employee in equalizer valve installation and as-builts.

Berry slapped with $2.1m fine - Upstream Online

Tetra sheds E&P business

Tetra sheds E&P business - Upstream Online

ConocoPhillips executive warns of low Trans-Alaska Pipeline System flow

Low production and high taxes threaten the use of the Taps.  With little incentive to explore and invest, one of the US's major oil resources is being under produced.
Mulva warns of low Taps flow - Upstream Online

Texon cheers Leighton double

Texon cheers Leighton double - Upstream Online

Oneok schedules conference

Announcement of Oneok 1st Qtr Earning Conference

FX rigs up for Bakken re-entry well

FX rigs up for Bakken re-entry well - Upstream Online

Legacy buys Permian assets for $67m

Legacy buys Permian assets for $67m - Upstream Online

Enbridge spends $550 million cleaning up Kalamazoo.

Enbridge cleans up Kalamazoo River

Chesapeake marks milestone in Natural Gas conversion project

This sounds like a very economical project at a time when gasoline is moving to $4.00/gal.  Chesapeake estimates that the average savings in fuel alone will be around $11 million.  I haven't done the math but it looks like a win win situation.  By converting 4200 vehicles to natural gas Chesapeake will set into motion several things.  First pay less then a $1.50/unit of fuel is a great start. Also the market is flooded right now with natural gas so why not use it to our benefit. Then there is the feel good benefit, natural gas is a clean air fuel. With all these things in mind it is great to hear that Oklahoma has already started to provide this fuel for the public.  To read more click on the link:

Chesapeake converts to Natural Gas

Marathon turns over Niobrara shale interest

Marathon News
Marathon Newspaper

Proof Not There: Prof: Drilling, Earthquakes Not Connected

With professors from both sides of the debate now, one has to wonder the facts behind the arguement.  The link below gives more light on the quest to find answers in the environmental/geological impact of gas production in the Marcellus shale formation.

Proof Not There: Prof: Drilling, Earthquakes Not Connected - News, Sports, Jobs - The Intelligencer / Wheeling News-Register

Occidental Petroleum announces the date of 1st Q conference

OXY New Press

Samson Oil and Gas moves forward on the Earl 1-13H Well

Samson Oil & Gas - Earl 1-13H Well

ConocoPhillips 'eyes shale and deep-water'

ConocoPhillips 'eyes shale and deep-water' - Upstream Online