Rig Report

Oil and Gas Fundamentals still Divergent in 2010

EVERYTHING IS NATURAL GAS: Friday Update: $SPX, $NATGAS, $GOLD. Oil supply constraints for the next 3 to 5 years should keep oil prices elevated in the near term. As always China is the wild card. Natural Gas on the other hand has seen a large increase of supply in the teeth of the economic downturn. NG [...]

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Penn Virginia Corporation Announces Annual Production

Penn Virginia Corporation Announces Records for Proved Reserves and Annual Production; Provides Operational Update – MarketWatch. 2010 growth rate may drop to 1/2 of 2009 but still strong growth on record levels of production RADNOR, Pa., Feb 04, 2010 (BUSINESS WIRE) — –161 Percent Reserve Replacement — 285 Percent Excluding Price Revisions –Reserve Replacement Cost [...]

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The Century for Natural Gas: What This Means for Investors

The Century for Natural Gas: What This Means for Investors — Seeking Alpha. A critical point is that unconventional wells take much more servicing than conventional wells. For example advanced wells can involve multiple fracturing jobs. Much of the new gas production has come from unconventional gas and gas shale. Of course,  these more expensive wells mean that [...]

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The Alberta Oil and Gas Royalty Change

The Alberta Oil and Gas Royalty Change. Keith Kohl comments on the ongoing Alberta Oil and Gas Royalty saga. While there’s no doubt the upcoming revisions in the competitiveness report will be favorable for Alberta energy companies, the terms may turn out better than expected. Offering more favorable terms is the only thing Alberta can [...]

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James Howard Kunstler – Forecast 2010

The newer fields are not cheap to drill while the old standbys continue to decline. Forecast 2010 « JEMNI PRESS. By James Howard Kunstler Both Bakken and the shale gas are based on techniques for using horizontal drilling through “tight” rock strata that is fractured with pressurized water. It works, but it’s not at all [...]

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The Price of Energy

The Oil Drum | The Price of Energy. Energy Prices per Million BTU Coal – Powder River Basin1 – $0.56 Coal – Northern Appalachia1 - $2.08 Natural gas2 - $5.69 Ethanol tax credit3 – $5.92 Propane4 - $13.28 Petroleum5 – $13.43 #2 Heating oil4 - $14.74 Jet fuel4 - $15.48 Diesel4 - $15.59 Wood pellets6 [...]

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Texas – 2009 : Energy & Environmental Law Blog

via Texas – 2009 : Energy & Environmental Law Blog. The Houston Chronicle is reporting on Texas Petro Index report showing drops in employment, drilling rig counts, and oil and natural gas production in Texas in 2009.  “The index, though regionally focused, has bigger implications for the U.S. oil and gas industry, since roughly half of [...]

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