Louisiana Oil and Gas Exposition

LAGCOE shows Acadiana's role in petroleum industry

Southern North Dakota, home of another Shale Formation-Tyler Formation

A baby Bakken? Tyler Formation seems to promise big oil http://bit.ly/qYSQ7X

BLM moves forward with development

BLM land plan for NW Colorado displeases enviros, energy interests

Kodiak makes ground

Kodiak fortunes on the rise

Range Resources makes large gains.

Range beats output guidance

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

GEOResources, Inc Operations Update

GeoResources, Inc. Provides an Operations Update and Also Provides 2011 and 2012 Production and Capital Guidance - MarketWatch

Kinder Morgan to buy El Paso-would make 67,000 mile of natural gas pipeline

Kinder Morgan to buy El Paso for around $21 billion

Dominion looks to export Marcellus Shale gas

Dominion wants to export Marcellus Shale gas

Superior Energy to buy Complete

Superior Energy buying Complete in $2.7B deal

Murphy Oil Refinery purchased by Valero

Valero completes purchase of Murphy Oil refinery in Meraux

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.

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

Gail snaps up US Shale

Gail snaps up US shale

Sandridge to sell assets in East Texas Natural gas fields

SandRidge in $231m asset sale

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

ConocoPhillips looks to move refinery in tough business market

ConocoPhillips looks to sell Pa. refinery

Another Bakken Pipeline in the works-Natural Gas

Enbridge, Veresen to build Bakken natural gas pipeline

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.

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

Bering spins bit in Louisiana

Bering spins bit in Louisiana

Brown Dense- Shale Formation in Lousiana

New shale play in north Louisiana may hold oil, gas