Friday, September 9, 2011

Vaalco closes Bakken deal

XTO leases change hands

Saratoga Louisiana wells come online

Oil and Gas by the Numbers 09/09/11

As the stock markets start to slide today we can see a change in the commodities. Oil is at $87.29 /barrel currently, and slowly climbing. While I have yet to read through the speech from the president I have heard the buzz all over town, everyone wants to know how it will affect the current oil shale boom.  Obama's plan is now on my things to read list.  At any rate the industry has pulled up the reins just a little ahead of this news. The US rig count has dropped as well as the new applications to drill.  One might look at the holiday impact for numbers dropping over the last week also, the recent weather systems have impacted the crude stockpiles, giving the market room for a rise in the price of oil.

Rig Count
09/09/2011


USA:   1958  (-10)
TX:       884 (-14)
LA:       150 (-2)
OK:       203 (+8)
ND:       182 (+2)
PA:       113
NM:        85 (-1)
CO:        77 (+2)
WY:       50 (-1)
CA:        48
UT:        23 (-4)
AK:         8 (+1)
WV:       21 (+1)
MT:         5 (-1)

For the rig count in other states: Baker Hughes Rig Count by State



New Applications to Drill
09/02/2011 through 09/08/2011


TX: 251
ND:  24
MT: update not available
WY: 34 (4 new Niobrara)



Gasoline Prices
09/09/2011


US Average: $3.671/gallon
US Low: SC $3.408/gallon
US High: HI $4.158/gallon

Tuesday, September 6, 2011

Halliburton adds chemicals unit

Halliburton adds chemicals unit - Upstream Online

Who's who is the US Natural Gas producers

If your looking for a quick bit of information about the major players in the US natural gas industry, this is the link for you.

Who are America's top 10 gas drillers?

Methane Investigation to Continue, Cabot Resumes drilling

Murphy Oil to exit Refinery business

Valero Energy to pick up the Murphy Oil asset.  At first glance it may appear there is a small movement in this direction as Sunoco also looks to let go of there refinery assets.

Murphy Oil selling refinery in Meraux to Valero Energy

Sunoco to sell refineries

Sunoco will focus on assets with a quicker turn around.

Sunoco to sell refineries - Business Wire - SunHerald.com

US and Mexico boundary oil reserves discussed

Lucas shuffles assets with Nordic Oil

Friday, September 2, 2011

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

Baker Hughes buys stake in tech firm

Baker Hughes buys stake in tech firm - Upstream Online

Texon counts Eagle Ford flows

Texon counts Eagle Ford flows - Upstream Online