Friday, October 7, 2011
Friday, September 30, 2011
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.
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
TX: 400
ND: 48
MT: 3
WY: 69
US Average: $3.470/gallon
US Low: SC $3.154/gallon
US High: HI $4.208/gallon
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
Thursday, September 29, 2011
Utica Shale mineral owners are getting good numbers
As Chesapeake makes the Utica Shale one of its next bigger play areas, mineral owners should be happy to see some of the numbers coming out of lease agreements.
Chesapeake taps Utica Shale gas
Chesapeake taps Utica Shale gas
Friday, September 16, 2011
Oil and Gas by the Numbers 09/16/2011
Well as the unemployment rate continues to climb on the US average, the oil and gas industry seems to be moving steadily up. The price of oil has been bouncing around the $88. mark. The US rig count and new permits are up, however the price of gasoline is down slightly as might be expected after Labor Day.
TX: 895 (+11)
LA: 156 (+6)
OK: 199
ND: 184 (+2)
PA: 113
NM: 84
CO: 75
WY: 51 (+1)
CA: 53 (+5)
UT: 26 (+3)
AK: 8 (+1)
WV: 25 (+4)
MT: 5
For the rig count in other states: Baker Hughes weekly rig Count
TX: 345
ND: 43
MT: 6
WY: 56
US Average: $3.619/gallon
US Low: SC $3.326/gallon
US High: HI $4.179/gallon
Rig Count
09/16/2011
USA: 1985 (+27)
TX: 895 (+11)
LA: 156 (+6)
OK: 199
ND: 184 (+2)
PA: 113
NM: 84
CO: 75
WY: 51 (+1)
CA: 53 (+5)
UT: 26 (+3)
AK: 8 (+1)
WV: 25 (+4)
MT: 5
For the rig count in other states: Baker Hughes weekly rig Count
New Applications to Drill
09/09/2011 through 09/15/2011
TX: 345
ND: 43
MT: 6
WY: 56
Gasoline Prices
09/16/2011
US Average: $3.619/gallon
US Low: SC $3.326/gallon
US High: HI $4.179/gallon
Thursday, September 15, 2011
Tuesday, September 13, 2011
Friday, September 9, 2011
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.
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
TX: 251
ND: 24
MT: update not available
WY: 34 (4 new Niobrara)
US Average: $3.671/gallon
US Low: SC $3.408/gallon
US High: HI $4.158/gallon
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
Thursday, September 8, 2011
Sandridge Energy Posts new Presentation
SandRidge Energy has posted its presentation from the Barclay conference. The presentation can be opened from the following link: SandRidge Energy Presentation from Barclay Conference
Wednesday, September 7, 2011
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