Los Angeles Times, July 4, 2009: Ronald D White, energy expert, back in July, 2009, predicted that the glut of oil could push the price of oil down to below $20/barrel by the end of the year, 2009.
I would assume these sentiments have not changed for some of these experts based on ever-increasing supplies of oil and natural gas, especially now that the administration has opened up off-shore drilling.
On another note: the price of oil rose more than a dollar yesterday and is now over $85/barrel.
Friday, April 2, 2010
Notes from All Over
Los Angeles commercial and residential customers are stunned at a 22% - 28% increase in their utility rates to pay for "green energy."
BEXP continues to raise cash: selling some west Texas assets for $14 million.
St Mary Land and Exploration raises cash: sells non-core properties in North Datota.
Price of oil: I expect it to go higher after today's news. Chavez and Putin have signed a deal for Russia to pump 1/5th of the Orinoco heavy oil belt, a field discovered and developed by the US. Now, a fifth goes to Russia, as well as side deals for nuclear and space technology, adding uncertainty in the region.
Otherwise, kind of a slow day. Sorry.
This might be a good day to review some of the archived stories found in the sidebar on the right.
BEXP continues to raise cash: selling some west Texas assets for $14 million.
St Mary Land and Exploration raises cash: sells non-core properties in North Datota.
Price of oil: I expect it to go higher after today's news. Chavez and Putin have signed a deal for Russia to pump 1/5th of the Orinoco heavy oil belt, a field discovered and developed by the US. Now, a fifth goes to Russia, as well as side deals for nuclear and space technology, adding uncertainty in the region.
Otherwise, kind of a slow day. Sorry.
This might be a good day to review some of the archived stories found in the sidebar on the right.
Thursday, April 1, 2010
150 Rigs!
Ron Ness, President of North Dakota Petroleum Council, says he would not be surprised to see 150 active oil drilling rigs in North Dakota by the end of the year. Previous estimate was as high as 125. Current record: 105.
Please note the spelling used in the linked article for "fracked" and "fracking." The Williston Herald uses the same spelling I do! Just saying.
Please note the spelling used in the linked article for "fracked" and "fracking." The Williston Herald uses the same spelling I do! Just saying.
BEXP: Two High Initial Rate Completions
BEXP announced completion of two wells:
Da Doo Run Run, The Crystals
Sorenson 29-32#1-H, Ross project area, 27 frac stages, long lateral, 3,511 boepd
Jack Erickson 6-31#1-H, Rough Rider project area, 30 frac stages, long lateral, 2,652 boepd
Da Doo Run Run, The Crystals
Arctic Sea Ice Back to Where It Was in 2001
From the National Snow and Ice Data Center, Boulder, Colorado
Arctic Sea Ice Extent "back to normal." The Arctic Sea ice is back to where it was in 2001. As far as I know, this has happened with no real change in CO2 emissions (except perhaps increased) since 2001.
Source: Herald-Sun.com.au, April 1, 2010. Remember, this is April Fool's Day, so check back tomorrow to see if this graph/information has been "corrected." Something tells me this is accurate.
Arctic Sea Ice Extent "back to normal." The Arctic Sea ice is back to where it was in 2001. As far as I know, this has happened with no real change in CO2 emissions (except perhaps increased) since 2001.
Source: Herald-Sun.com.au, April 1, 2010. Remember, this is April Fool's Day, so check back tomorrow to see if this graph/information has been "corrected." Something tells me this is accurate.
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