NEW YORK (MarketWatch) — With oil prices tumbling — and dragging gasoline prices at U.S. pumps further below $4 a gallon — investors wonder if Saudi Arabia will cut production in an effort to stop the slide. Don’t count on it. In a note, commodity strategists led by Seth Kleinman at Citi argue that the […]
Posted: Wednesday, January 15, 2014 1:30 pm | Updated: 12:44 pm, Thu Jan 16, 2014. By Kristen Peters Rock Doc When I was a young geology student, I learned the basics of petroleum production as they were then understood. Deep layers of sedimentary rocks, including shale, were the “source rocks” for hydrocarbons. The source rocks […]
WASHINGTON, DC, Jan. 9 01/09/2014 By Nick Snow OGJ Washington Editor Advancing and protecting the US energy revolution will be a key part of the US Chamber of Commerce’s 2014 strategy, Pres. Thomas J. Donohue said Jan. 8 in his annual State of American Business address. “America’s new era of energy abundance gives us an […]
HOUSTON, Jan. 10 01/10/2014 By OGJ editors The US drilling rig count added 3 units to reach 1,754 rigs working during the week ended Jan. 10, Baker Hughes Inc. reported. Land-based rigs added 7 units to reach 1,677, while rigs drilling offshore lost 4 units to settle at 57. Rigs drilling in inland waters were […]
August 28, 2013, 11:18 AM Oil markets got a bit of a shocker Wednesday from a SocGen prediction that Brent UK:LCOV3 +1.09% could reach $125 a barrel in the coming days in connection with a U.S.-led retaliation against Syria. And if there’s a big regional spillover from this, SocGen says $150 Brent could be not […]
Today 8:58 AM ET (MarketWatch) NEW YORK (MarketWatch) — Syria was the central focus for oil markets on Wednesday, with futures rising to the highest level in more than two years and as one investment bank said Brent crude could surge as high as $150 a barrel amid the crisis. U.S. crude oil for October […]
Jun 5, 2013 4:08 PM | Hidden Value Investor’s Instablog Evidence continues to grow showing some Buda wells drilled in a sweet spot on the Zavala/Dimmit County lines in South Texas have better drilling economics than Eagle Ford wells. Two previous articles discussed the newly discovered Buda sweet spot Some Buda Wells In South Texas […]
Rangeford Resources (RGFR) appears in the June issue of Resource World magazine. See the original article here: http://resourceworld.uberflip.com/i/134727/41
Despite the housing recovery, it was the stalwart oil and gas industry that drove the economies of the fastest-growing states, including Texas, last year. Texas’ real gross domestic product — the total value of all economic activity adjusted for inflation — increased 4.8 percent in 2012, according to new statistics from the U.S. Bureau of […]
If you’re not living in North Dakota, you might as well be living in Texas. A strong increase in economic activity in oil and gas exploration and production boosted the fortunes of both states in 2012, according to a report Thursday by the U.S. Bureau of Economic Analysis. The gross domestic product — the total […]