Energy Connections

Tuesday, September 6, 2011

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

Sunoco to sell refineries

Sunoco will focus on assets with a quicker turn around.

Sunoco to sell refineries - Business Wire - SunHerald.com

US and Mexico boundary oil reserves discussed

US, Mexico work toward oil agreement

Lucas shuffles assets with Nordic Oil

Lucas shuffles Texas and N. Mexico assets

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.

Rig Count

updated 09/02/2011

USA: 1968
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

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

Baker Hughes buys stake in tech firm

Baker Hughes buys stake in tech firm - Upstream Online

Texon counts Eagle Ford flows

Texon counts Eagle Ford flows - Upstream Online

Thursday, September 1, 2011

Cameron in $375m LeTourneau grab

Cameron in $375m LeTourneau grab - Upstream Online

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

Texas floats fracking chemical rules

Texas floats fracking chemical rules - 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

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

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

SandRidge Post a Presentation for Investors

The presentation can be found at the following link:
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

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