Well internet being what it is in the vast rural areas of Colorado, Wyoming, Montana and North Dakota has taken a toll on my blog this week. I have however gained so new leads and insite that will be interesting to investigate next week. I will however report these few tidbits as i roll thru good 3G coverage.
Oil today closed at $101.62/barrel. This appears to be lower then what we saw earlier tyis week, but my reader feeds suggest we have found a little calm in the middle east. The rig count for the week has gone up by 5 for a US total of 1720. I was happy to see as I traveled WY that one of my feeds was correct and that Southern Campbell county has a few rigs up. I will be looking for more info on that. Well service is about to drop again, so for now!
Saturday, March 19, 2011
Tuesday, March 15, 2011
Samson's Rodney #1-14H is ready for fracture stimulations
Samson's fourth production well in the North Stockyard field is rigged and ready for stimulation. Samson proposes 4 days, 16 stages, and about 2 million pounds of proppant.
To read the full announcement from Samson Oil & Gas please see the following link:
Samson - Rodney #1-14 H Well
To read the full announcement from Samson Oil & Gas please see the following link:
Samson - Rodney #1-14 H Well
Monday, March 14, 2011
GMX Resources shows renewed commitment to Bakken & Niobrara acreage
GMX just announced that it has stepped up to the plate to further its exploration and development of the Bakken, Niobrara, and Haynesville/Bossier core areas. Company news reports that GMXR has added three new employees to its Land Department. In addition to the Land Managers added specifically to the Bakken and Niobrara acreage areas, GMXR is opening a regional office in Denver, CO that will serve as the working office for both shale plays. GMXR reports that the Denver office will be fully functional by the end of March.
For a full press release on this information please see the following link:
GMXR Investor Relations - Press Releases
For a full press release on this information please see the following link:
GMXR Investor Relations - Press Releases
Black Hawk makes Kansas find - Upstream Online
Interesting bite out of Kansas, seems like everyone has the drilling fever.
Black Hawk makes Kansas find - Upstream Online
Black Hawk makes Kansas find - Upstream Online
Fidelity Exploration picks up BP's Sr VP of onshore operations
It looks like in all the shake up of BP, other companies are picking up the management they need to push forward and expand their current reserves. Kent Wells, formerly with BP-onshore, will begin his new appointment with Fidelity Exploration on May 2, 2011 in the Denver headquarters.
For a full article please see: Fidelity adds new Boss
For a full article please see: Fidelity adds new Boss
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 10, 2011
Concho Resources and Linn Energy in $196 million Agreement
Concho Resources (CXO) has entered into an agreement with Linn Energy (LINE) to sell to oil and gas assets in the Bakken region. Purchase price offered to CXO for these assets is reported at $196 million. Expected closing for this transaction is first quarter of 2011.
For further review of this transaction please see the following links:
Concho Resources to sell Assests
Linn Energy Acquires Oil Assets in Bakken
For further review of this transaction please see the following links:
Concho Resources to sell Assests
Linn Energy Acquires Oil Assets in Bakken
Triangle Petroleum (TPLM) enters agreement
Triangle Petroleum has entered an agreement to acquire 15,000 net acres in the Bakken play. TPLM has had a primary focus in the Nova Scotia area previously, but has a strategy in place to build on the 30,000 net acre base they have in the Bakken.
Full news release at:
Triangle Petroleum Corp. Proposed Acquisition
Full news release at:
Triangle Petroleum Corp. Proposed Acquisition
Oil and Gas Formations in the US
Anybody who has googled Eagle Ford or the Bakken formation knows there are several hits. Some of this information is solid facts, others however, are based on peoples' ideas and opinions. In an effort to provide facts to inform my readers, I have been putting together a list of major oil and gas formations in the United States.
This task however, runs into a few stumbling blocks. It seems that the list I propose could be endless!
So I have come up with the following plan to keep it under control. The USGS has a very extensive database of geologically based energy resources. With oil being almost always derived from this medium, there listing and organization of the formations makes the most sense to me.
The USGS calls their areas of study provinces. Some might see these as the basins that are commonly referred to within the oil and gas industry. As I continue to gather data and news throughout the energy industry, I will link field names, new plays, development areas, and geological formations back to these provinces. US Oil and Gas Formations - Energy Connections US Please feel free to comment or suggest references for my quest.
This task however, runs into a few stumbling blocks. It seems that the list I propose could be endless!
So I have come up with the following plan to keep it under control. The USGS has a very extensive database of geologically based energy resources. With oil being almost always derived from this medium, there listing and organization of the formations makes the most sense to me.
The USGS calls their areas of study provinces. Some might see these as the basins that are commonly referred to within the oil and gas industry. As I continue to gather data and news throughout the energy industry, I will link field names, new plays, development areas, and geological formations back to these provinces. US Oil and Gas Formations - Energy Connections US Please feel free to comment or suggest references for my quest.
Tuesday, March 8, 2011
Central Montana - Getting in on the Oil Action
Maybe the Boston Cabots have a lead on something way out in remote Montana.
Cabot Corp. has recently completed drilling on a well NE of Melstone, MT. Several producer/exploration companies are listening on the wire to hear of their results.
The new interest, the Heath formation. Many suggest this relatively small swath through MT is a mini-Bakken. Leasing activity in the area could be proof that major energy companies think there is reason to invest in that area.
Further information can be found at:
Billings Gazette-A piece of the oil action
Cabot Corp. has recently completed drilling on a well NE of Melstone, MT. Several producer/exploration companies are listening on the wire to hear of their results.
The new interest, the Heath formation. Many suggest this relatively small swath through MT is a mini-Bakken. Leasing activity in the area could be proof that major energy companies think there is reason to invest in that area.
Further information can be found at:
Billings Gazette-A piece of the oil action
Niobrara Formation Education - Energy on the Rocks
I just happened upon a link that looks to be a really good seminar. The Rocky Mountain Section of the AAPG (American Association of Petroleum Geologists) is doing a Niobrara focus for their 2011 annual meeting. They will be offering a field trips, core workshops, plenary session, and a core museum all focused on the Niobrara. From a glance at the schedule it looks to be a very informative look at the formation, geology behind the oil, and exploration movements in the area.
If you are interested in the 2011 Annual Meeting you can find out more at:
Rocky Mountain Section AAPG Annual Meeting -Niobrara Focus
If you are interested in the 2011 Annual Meeting you can find out more at:
Rocky Mountain Section AAPG Annual Meeting -Niobrara Focus
Friday, March 4, 2011
Crude Oil Remains over $100/bbl
To close out the week crude oil signs off at a high note $104.91/bbl. The rest of the markets maybe sliding a little but the concerns in the Mideast continue to boost the price of oil and even stocks of the gas exploration companies of the Bakken.
Oil and Gas by the Numbers 03/04/2011
With the price of oil ringing in at $103.93/bbl so far today, one has to wonder which factor is responsible today. There are so many factors to consider, but it has translated to an upswing all the way around.
For more information and other state counts please check out: Baker Hughes Rig Count
Rig count:
update 03/04/11
- United States Total: 1707 (an increase of 14 rigs from last week)
- TX: 733 primarily district 8
- LA: 172
- OK: 163
- ND: 154
- PA: 99
- NM: 76
- CO: 67
- WY: 46
- CA: 40
- AK: 06
For more information and other state counts please check out: Baker Hughes Rig Count
Permits Issued for Drilling
02/28/11 thru 03/04/11:
- TX: 215 (New applications Approved)
- ND: 23
- MT: 3
- CA: No current update
Gasoline Prices
03/4/2011
National Average: $3.483/gal
US Low: Wyoming at $3.13/gal
MonDak Oilfield Review - Bakken updates
I rolled across this podcast today as I was searching for a manageable way to get the new drilling list from Texas. I myself don't quite understand the connection of the two sites, but I am glad that I found it. If your looking for a brief, but informative update to the drilling activity in the Bakken area this is your link.
MonDak Oilfield Review - Rock and Roll Roughneck
MonDak Oilfield Review - Rock and Roll Roughneck
Thursday, March 3, 2011
Podcast from USGS on findings in the Bakken
USGS scientists Brenda Pierce and Rich Pollastro
3 to 4.3 Billion Barrels of Oil in North Dakota and Montana
3 to 4.3 Billion Barrels of Oil in North Dakota and Montana
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
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