Showing posts with label gas. Show all posts
Showing posts with label gas. Show all posts
Monday, March 21, 2011
Monday, March 14, 2011
Friday, March 11, 2011
Oil and Gas by the Numbers 03/11/2011
Oil prices have dipped some towards the end of the week. At the last glance today around noon crude was still holding out at $101.03/bbl. The slight dip in price doesn't seem to have changed the new drilling interest throughout the US.
Rig Count
update 03/11/11
- United States Total: 1715 (an increase of 8 rigs from last week)
- TX: 737
- LA: 174
- OK: 165
- ND: 153
- PA: 100
- NM: 77
- CO: 66
- WY: 46
- CA: 41
- AK: 05
For more information and other state counts please check out: Baker Hughes Rig Count
Permits Issued for Drilling
03/4/11 thru 03/10/11
- TX: 252 (approved New Drill apps)
- ND: 40
- MT: 3 New / 15 Reissued
- CA: 32
Gasoline Prices
03/11/2011
National Average: $3.526/gal
US Low: WY $3.228/gal
US High: HI $3.954/gal
Find current prices for your area at: Gas Buddy
Thursday, March 3, 2011
Oil Boom- by Whatever Name You Call It "Rocken the Bakken"
Oil and Gas meets Rural America-
Williston Basin or Bakken Formation, which ever name you prefer, has demanded the attention of those who have the technology advances of horizontal drilling. The USGS calls it an "undiscovered, technically recoverable oil resource." It is by USGS assessment, completed in 2008, the largest oil accumulation in the lower 48. The residents of this tri-state area (MT/ND/SD) refer to the activity that has turned sleepy remote prairies in an ant hill, "Rockin' the Bakken".
If numbers are more to your liking then you might be interested in the following estimates provided by the USGS.
USGS Release: 3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate— (4/10/2008 2:25:36 PM)
For more info on the Bakken one doesn't have to look far. Just google it or even check out ND Bakken on you tube. It has been very popular in the last few years. Other sites include:
http://pubs.usgs.gov/fs/2008/3021/
Million Dollar Way- All Bakken
ND Department of Minerals
MT Board of Oil and Gas
Williston Basin or Bakken Formation, which ever name you prefer, has demanded the attention of those who have the technology advances of horizontal drilling. The USGS calls it an "undiscovered, technically recoverable oil resource." It is by USGS assessment, completed in 2008, the largest oil accumulation in the lower 48. The residents of this tri-state area (MT/ND/SD) refer to the activity that has turned sleepy remote prairies in an ant hill, "Rockin' the Bakken".
If numbers are more to your liking then you might be interested in the following estimates provided by the USGS.
- Oil from Continuous Resources: 3.65 BBO
- Associated Gas: 1848 billion cubic feet
- Natural Gas Liquids: 148 MMB
- Oil from Conventional Resources: 4 million barrels of oil
USGS Release: 3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in North Dakota and Montana’s Bakken Formation—25 Times More Than 1995 Estimate— (4/10/2008 2:25:36 PM)
For more info on the Bakken one doesn't have to look far. Just google it or even check out ND Bakken on you tube. It has been very popular in the last few years. Other sites include:
http://pubs.usgs.gov/fs/2008/3021/
Million Dollar Way- All Bakken
ND Department of Minerals
MT Board of Oil and Gas
Wednesday, March 2, 2011
Continental Resources, Inc. Announces Public Offering of 10,000,000 Shares of Common Stock
Continetal appears to be acquiring extra capital to accelerate the drilling program in 2011. For full news release please check out the following link: Continental Resources public offering of shares
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