Link here.
Weather and Libyan unrest/civil war hurt SLB's earnings, but still very robust, and underlying strength in oil patch remains robust.
Thursday, April 21, 2011
Rigs By Operators: 176 Active Rigs -- New Record
[A big "thank you" to Rory for providing the data below.]
Notice:
Notice:
- CLR has 23 (one more than their recent corporate presentations)
- KOG has added a third rig
- Fidelity (MDU) has added a second rig
- Hess with 20 due to last year's acquisitions (TRZ and AEZ)
CONTINENTAL RESOURCES 23Grand Total 176
HESS CORPORATION 20
WHITING OIL AND GAS CORP 15
EOG RESOURCES INC 11
ANSCHUTZ EXPL CORP 8
BRIGHAM OIL & GAS LP 7
PETRO HUNT LLC 7
SLAWSON EXPLORATION 7
MARATHON OIL CO 6
NEWFIELD PROD CO 6
XTO ENERGY INC 6
BURLINGTON RES O&G CO 5
DENBURY ONSHORE 5
OASIS PETRO NO AMER 5
HUNT OIL COMPANY 3
KODIAK OIL & GAS (USA) INC 3
MUREX PETROLEUM CORP 3
SAMSON RESOURCES CO 3
ZAVANNA LLC 3
ZENERGY INC 3
ZENERGY OPERATING CO LLC 3
BAYTEX ENERGY USA LTD 2
FIDELITY EXPL & PROD CO 2
HELIS OIL & GAS CO. LLC 2
NORTH PLAINS ENERGY LLC 2
OXY USA INC 2
PEAK NO DAK LLC 2
QEP ENERGY CO 2
SM ENERGY CO 2
ARSENAL ENERGY USA INC. 1
CORNERSTONE NAT RES LLC 1
G3 OPERATING LLC 1
GADECO, LLC 1
SEQUEL ENERGY LLC 1
SINCLAIR OIL & GAS CO 1
TRUE OIL LLC 1
WARD-WILLISTON CO 1
The Case For Liquified Natural Gas; and, Oil Won't Go Below $100 Again -- SeekingAlpha
Link here.
If you think oil prices are too high now, at $100 a barrel, it's time to adjust your thinking. Truth be told, I don't think we'll see sub-$100-a-barrel oil ever again.
That's not great news for U.S. consumers ... but it could be great news for U.S. investors, because this new era of always-high oil prices is going to open the door for liquefied natural gas (LNG). Investors who accept this new oil-price reality, and position themselves accordingly, can settle back and enjoy the ride: As oil prices soar, expect LNG prices to zoom in tandem.
Administration Notes There Are Regional Differences in the Price of Gasoline
I was out and about with my granddaughters today. When I heard this on a 30-second soundbite on the five-minute, top-of-the-hour news, I thought it must be a joke: the administration is going to look into the high price of gasoline.
Let's see, let's start with Brent oil at $122 and WTI at $112.
I cannot make this stuff up. The administration is actually going to form a task group to see why gasoline costs so much.
Let's see, let's start with Brent oil at $122 and WTI at $112.
I cannot make this stuff up. The administration is actually going to form a task group to see why gasoline costs so much.
The task force will focus some of its investigation on "the role of traders and speculators" in the oil-price surge, Obama said, and will include several Cabinet department officials, federal regulators and the National Association of Attorneys General.Regional differences in gasoline prices? Well, duh. There are regional differences in prices in just about everything.
In Washington, Holder said he would press ahead with the investigation, even though he did not cite any current evidence of intentional manipulation of oil and gas prices or fraud.
"Based upon our work and research to date, it is evident that there are regional differences in gasoline prices."
Fidelity (MDU) Adds a Second Rig -- Bakken, North Dakota, USA
Link here.
MDU Resources Group, Inc., announced that its natural gas and oil production subsidiary has moved a second drilling rig into the Bakken oil play and is preparing to kick off a growing multi-year development program. Fidelity plans to invest about $2.1 billion over the next five years, including $306 million in 2011, to develop existing reserves and fund additional leaseholds.
Fidelity Exploration & Production Company expects the second rig to spud the TTT Ranch 33-28 well, located in Mountrail County, North Dakota next week. The well will target the middle Bakken formation.
Subscribe to:
Posts (Atom)