Energy Connections

Wednesday, June 8, 2011

Exxon Mobile Hat trick

http://www.upstreamonline.com/live/article260430.ece?WT.mc_id=rechargenews_rss

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

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

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

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

SandRidge in $690m trust IPO

SandRidge in $690m trust IPO - Upstream Online

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.

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/gal
Low: 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

Chesapeake Energy Enters into Memorandum

Chesapeake Energy and Bronco Drilling

Monday, May 16, 2011

Chesapeake resumes Marcellus fracking

Chesapeake resumes Marcellus fracking - Upstream Online

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

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

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.