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
Friday, May 27, 2011
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.
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
TX: 357
ND: 32
MT: 2
CA: No update
WY: 45
Low: SC $3.528/gal
High: AK $4.204/gal
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/galLow: SC $3.528/gal
High: AK $4.204/gal
Wednesday, May 18, 2011
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
Delek's El Dorado - Update
Monday, May 16, 2011
Friday, May 13, 2011
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
Wednesday, May 11, 2011
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
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
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.
Monday, May 9, 2011
Thursday, May 5, 2011
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.
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.
Tuesday, May 3, 2011
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
ONEOK Announcement
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