Tuesday, February 21, 2012
Flint Energy Services to change hands
URS to acquire Flint Energy Services for $1.25 billion
This change of hands for one of the bigger service companies in the oil and gas will prove to be an interesting one to watch. There has been a Flint Energy crew(s) in every region I have worked for the past 15 years.
Thursday, January 26, 2012
Wednesday, January 25, 2012
Monday, January 23, 2012
Tuesday, November 8, 2011
Monday, November 7, 2011
Wednesday, November 2, 2011
Monday, October 31, 2011
Snapshot of the Boom in the Bakken-MSNBC
Even though I hesitate to put up tv broadcasts, this one seems to be less biased then most. Actual footage from the heart of the Bakken, Williston, ND, shows the new normal for the region. Sorry for the ads.
MSNBC- Rock...Bakken Boomtown
MSNBC- Rock...Bakken Boomtown
Monday, October 24, 2011
Southern North Dakota, home of another Shale Formation-Tyler Formation
A baby Bakken? Tyler Formation seems to promise big oil http://bit.ly/qYSQ7X
Wednesday, October 19, 2011
Tuesday, October 18, 2011
Bakken may get a new operator
Brigham followers might be interested to see that Statoil is looking to buy. A major focus for Statoil is the large footprint Brigham has in the Bakken.
Statoil buys Texas-based Brigham for $4.4B
Monday, October 17, 2011
Monday, October 10, 2011
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
More Hiring for Chesapeake
More Hiring for Chesapeake - News, Sports, Jobs - The Intelligencer / Wheeling News-Register
One should also note that Nomac is hiring in the Williston Basin as well.
One should also note that Nomac is hiring in the Williston Basin as well.
Tuesday, September 6, 2011
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?
Who are America's top 10 gas drillers?
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
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
Sunoco to sell refineries - Business Wire - SunHerald.com
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.
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
Rig Count
updated 09/02/2011
USA: 1968TX: 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
Thursday, September 1, 2011
Buccaneer spuds second Kenai well
Information on Alaska seems to be harder to find lately, but here is a little update on Buccaneer.
Buccaneer spuds second Kenai well - Upstream Online
Buccaneer spuds second Kenai well - Upstream Online
Chesapeake Posts September Presentation
Any one interested in what one of the largest US shale exploration companies is planning for the future should check this link out. Chesapeake has activity in so many areas that it is almost mind boggling to keep track of there presence.
Chesapeake Energy September Presentation
Chesapeake Energy September Presentation
Tuesday, August 30, 2011
GMX Resources Reports completion of Three Forks Horizontal well
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
GMX Resources
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
Wednesday, June 8, 2011
Tuesday, June 7, 2011
Marathon Oil buys Texas oil fields for $3.5B
Marathon Oil buys Texas oil fields for $3.5B - KNDO/KNDU Tri-Cities, Yakima, WA |
For Marathon's Press Release please see the following link:
Marathon Oil $3.5 Billion Acquisition
For Marathon's Press Release please see the following link:
Marathon Oil $3.5 Billion Acquisition
Northern Oil and Gas - Activity Updates
The following link will take you to the recent updates of drilling activity for Northern Oil and Gas.
Northern Oil and Gas - Drilling Update
Northern Oil and Gas - Drilling Update
Bakken conditions improve - barely
The Bakken just can't seem to catch a break from mother nature this year. With a year that opened up with large amounts of snow all the way till May 1st, now the water is taking over. Flooded locations, sinking equipment, and muddy roads have remained all spring. The evidence the wet sloppy region can be seen everywhere. In Williams County ND county officials even called a halt to large truck traffic in the region. Williston Herald - Online Edition
The roads just are not able to take any more strain in most areas. However what may strain them has also helped provide the necessary resources to repair them. In many counties funds are near exhausted from snow removal, but producers are coming to the rescue by helping haul or provide materials for the repairs. This not only keeps them in the field producing, but has allowed stranded farmers and ranchers to get out.
There are even areas around the Bakken where road conditions are so bad the whole road is shut down. This is the case with ND HWY 22, a main through way for the supplies, crews, and oil transportation in western ND. Here it is completely at mother natures mercy that the hwy has been buckled up to an impassable condition.
ND HWY 22 Closed - Dickinson Press
Monday, June 6, 2011
Samson Oil and Gas
New updates for the North Stockyard Field and the Hawks Springs project.
Samson Oil and Gas Update 06-03-11
Samson Oil and Gas Update 06-03-11
Friday, May 27, 2011
Samson Oil and Gas Operational Update Released
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
Samson Oil and Gas Update 05/26/2011
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
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