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.


Rig Count
USA Total: 1975    +1 from 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

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

US report backs Canada pipeline Keystone XL


US report backs Canada pipeline - Upstream Online

Xtreme makes Texas find

Xtreme makes Texas find - Upstream Online

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

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

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

Quaterly reports Q2 2011 - Links

Baytex Energy Corp Q2 2011
Chesapeake Midstream Partners Q2 2011

Sandridge Energy Q2 2011

Oneok Q2 2011

El Paso Q2 2011

Whiting Petroleum Corp Q2 2011

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

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

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



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

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