Quick snapshot of the activity in GMX Reources near future. (including Bakken, Three Forks, & Niobrara) Find it interesting that they may be entertaining the sale of some Niobrara assets. Check it out:
GMX Resources
Tuesday, August 30, 2011
Clayton Williams Energy revises its Plan for Capital Spending in 2011
Clayton Williams adjusts its goals and spending plan for the remainder of 2011.
http://www.b2i.us/profiles/investor/NewsPDF.asp?b=844&ID=47004&m=rl
http://www.b2i.us/profiles/investor/NewsPDF.asp?b=844&ID=47004&m=rl
SandRidge Post a Presentation for Investors
The presentation can be found at the following link:
SandRidge Investor Presentation
SandRidge Investor Presentation
Monday, August 29, 2011
The Impact of Oil in a small town
I really like the piece below. Its one those that makes you stop and think, but only if you are paying attention. Western North Dakota is in the middle of a oil boom, that's no question, but how it is handling the impact is the part I like to watch. Most people through out the US still haven't heard about what is going on here, and even when they do know about the Bakken I have heard several people comment in surprise in just how busy it is here when they see it for themselves. It has become a sport for the original residents to learn to go about normal life and try to accommodate their new neighbors moving in, whether temporary or permanent. It gives me a small smile to see the writer of the article counting plates, vehicle type, and navigating Wal-Marts long lines. I know that will be coffee conversation at the local cafe after I share it with my grandfather. That is however how rural ND discusses what is happening to its community and works to make a very chaotic time manageable and more efficient.
Sunday Night at Walmart - Million Dollar Way
Sunday Night at Walmart - Million Dollar Way
From Farmer to Sand Miner - Oil and Gas changing the Midwest
Most of us don't think about the number of train cars full of frac sand that are rolling through the US at this very moment, but normally unaffected Midwest businesses are getting in on the US Shale boom. What once was a commodity not worth digging up is now a huge business.
Frac sand becomes a profitable trade
Frac sand becomes a profitable trade
Fayetteville producers to Recycle Frac water
Recycling water maybe a new answer to several issues that surround frac water use and treatment.
Arkansas Frac water gets a second life
Arkansas Frac water gets a second life
Friday, August 26, 2011
Oil and Gas by the Numbers 08/26/2011
I start by apologizing for such a long absence. There are still parts of rural America that broadband is a long way from reaching. The telephone poles and pipelines are however continuing to cross more of once bare land as the domestic oil push continues. The oil prices seem to be holding today at $85.33/barrel on the WTI, and natural gas currently sits at $3.92. The next couple of months will be interesting to watch with our seasonal changes in the markets coming up and the government involvement in a lot of things oil and gas. Some of you might also be interested to see a small flurry of activity in the permit department in MT this last week.
TX 896 +3
OK 195
ND 179 +3
LA 158
PA 113 +3
NM 88
CO 76
WY 51
CA 49
UT 27
WV 20
AK 7 +1
MT 6
For a printer friendly copy of the report above please go to: Oil and Gas by the Numbers 08/26/11
Rig Count
USA Total: 1975 +1 from last weekTX 896 +3
OK 195
ND 179 +3
LA 158
PA 113 +3
NM 88
CO 76
WY 51
CA 49
UT 27
WV 20
AK 7 +1
MT 6
Approved Permits
08/19/11 thru 08/25/11
TX 320
ND 66
MT 10 New, 5 reissued
CA No update since 08/13/11
WY 55 (4 in the Niobrara formation)
Gasoline Prices
08/26/2011
US Average: $3.604/gal
US Low: AZ $3.329/gal
US High: HI $4.110/gal
For a printer friendly copy of the report above please go to: Oil and Gas by the Numbers 08/26/11
NJ puts yearlong freeze on fracking
Looking to its future is New Jersey practicing wishful thinking or being proactive? Time, money, and resources are being thrown at a fracking debate in a state that has no known reserves.
NJ puts yearlong freeze on fracking - Upstream Online
NJ puts yearlong freeze on fracking - Upstream Online
Encana plans Texas shale gas asset sale
US Economy and low natural gas prices affect the Calgary based Encana.
Encana plans Texas shale gas asset sale - Business - CBC News
Encana plans Texas shale gas asset sale - Business - CBC News
Wednesday, August 24, 2011
Bakken producers getting on board with the Frac Focus Chemical Registry
Moving to rural North Dakota and going without Internet for two months has had some big challenges. The first of course is my inability to update my blog and keep my readers feed. The second biggest challenge I have faced is the lack of relevant information in hard copy to keep myself up to date on what is going on outside the region in the industry.
I have however found some small surprises in the my absence, for example the Frac Focus Chemical Registry has grown in that time. After hitting the website today I am happy to find that North Dakota does have wells on the search database. A huge improvement from just a few short months ago. My quick count came up with seven producers in the region listing. I did a little checking and it appears that Wyoming is at about the same pace on their participation. Montana is still moving a little slower with only XTO Energy listing a single well, but since the focus has been less on Montana until recent months I think that will change as well.
For anyone interested in the website and if there is anything in your area, please check out:
Frac Focus Chemical Registry
I have however found some small surprises in the my absence, for example the Frac Focus Chemical Registry has grown in that time. After hitting the website today I am happy to find that North Dakota does have wells on the search database. A huge improvement from just a few short months ago. My quick count came up with seven producers in the region listing. I did a little checking and it appears that Wyoming is at about the same pace on their participation. Montana is still moving a little slower with only XTO Energy listing a single well, but since the focus has been less on Montana until recent months I think that will change as well.
For anyone interested in the website and if there is anything in your area, please check out:
Frac Focus Chemical Registry
Samson Oil & Gas update on the Defender
Samson Oil & Gas moves forward with its Niobrara prospects in Goshen County, Wyoming.
Defender US33 #2-29 H Update 8-18-11
Defender US33 #2-29 H Update 8-18-11
Monday, August 15, 2011
Wednesday, August 10, 2011
Friday, June 24, 2011
Oil and Gas by the Numbers 6/24/11
Oil keeps dropping, last time I looked it was sitting at $90.97/barrel.
Rig count is currently at 1882 in the US.
New Permits to Drill for the week of 6/17/11
ND: 30
MT: 11
TX: 333
Gasoline Prices
6/24/11
National Average: $3.607
US High : AK $4.039
US Low: SC $3.317
Rig count is currently at 1882 in the US.
New Permits to Drill for the week of 6/17/11
ND: 30
MT: 11
TX: 333
Gasoline Prices
6/24/11
National Average: $3.607
US High : AK $4.039
US Low: SC $3.317
Friday, June 10, 2011
Oil and Gas by the Numbers 06/10/11
Well it looks like we finished up this week with the oil prices at $98.82/barrel. Even with the slight drop this week with the price of oil, there was still an increase of one more rig in the US.
Rig Count
updated 06/10/2011
US: 1855
TX: 833
LA: 172
OK: 166
ND: 159
PA: 114
NM: 85
CO: 69
WY: 45
CA: 43
UT: 27
AK: 06
WV: 18
MT: 10
Applications to Drill
06/03/2011 through 06/09/2011
TX: 258
ND: 26
MT: 3
Gasoline Prices
06/10/2011
US average: $3.720/gal
Low: SC $3.415/gal
High: AK $4.202/gal
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