Texas Accounts First Well Permit Since Dec 1 2018 or Greater Capital Star Oil and Gas, Inc._28534107_2_MONT (WILCOX 10,900) Primary Field FIELD PETROLEUM CORP._46934441_2_HELEN GOHLKE, W. (WILCOX) Primary Field Royal Production Company, Inc_29736017_2_MOUNT LUCAS (COOK MTN. 5800) Primary Field T-C Oil Company_39133200_2_MARY ELLEN OCONNOR (7900) Primary Field EAGLE VALLEY DEVELOPMENT LLC_47731122_3_GIDDINGS…
Oil & Gas Daily Update April 23
Today’s energy market action: Oil prices post another day of gains …… sending WTI and Brent back to highs of late-October. The heavy oil discount widens by US$1.15/bbl …… sending WCS lower by 1%. Natgas prices sink over 2%, reversing most of Monday’s gains. Today’s currency and equity market action: The…
Oil & Gas Daily Update April 22
Today’s energy market action: As expected, the Trump Administration announced an end to all Iranian crude import waivers, once the current waivers expire on May 1. Last November, the US government granted 6-month waivers to eight countries, including Iran’s largest buyers – China and India. The Americans say they have…
Oil & Gas Daily New Update
Today’s energy market action: Oil prices end the week slightly higher. Henry Hub slides 1% for the day, and over 6% for the week. SPX energy drops 0.5% for the day, wiping out all gains for the week. TSX energy rises 0.4% for the day, and 2.2% for the week. Today’s notable energy…
Oil & Gas Daily Update April 17
Today’s energy market action: Oil prices continue to seesaw, ending Wednesday slightly lower. US crude inventories decline 1.4M bbls, as Midwest refinery runs improve. Gasoline prices rise 0.2%, moving back above US$2/gallon. Henry Hub slides 2%, ending the day just above US$2.50/MMBtu. Alberta’s heavy oil producers help lift the TSX energy…
Texas Weekly Update April 17 2019
Operators First Well License Since Nov 1 2018 or Greater New Century Exploration, Inc._23933932_2_ELBERT GOFF (FRIO 4230) Primary Field C & E Operating, Inc_8932756_3_WILDCAT Primary Field Smith Production Inc._42734783_4_BRAULIA, EAST (VICKSBURG CONS.) Primary Field BELTER INC._44736779_7_THROCKMORTON COUNTY REGULAR Primary Field Atmos Energy Corporation_44134601_7_WILDCAT Primary Field Raw Oil & Gas, Inc._50137139_8_BRAHANEY, EAST…
Oil & Gas Daily Update April 2
Today’s energy and equity market action: A relatively good day for oil prices, despite a slight pullback in equity markets. Brent rose 0.5%, edging closer to the US$70 threshold, while WTI rose 1.6%. The spread between the two benchmarks shrank to US$6.80 a barrel, the lowest since last fall. Canada’s…
Canadian Oil & Gas Weekly Update April 1 2019
Interesting News Yangarra Resources working with Grey Owl Engineering Ltd. large compressor 12-20-037-07W5 Whitecap Resources Inc. new compressor 16-18-062-02W6 Peyto Drill 50Hz Wells (Liquids Rich Natural Gas) vs 70 in 2018 BC 28 new well license approved last week CNRL two 5 well pads approved 16-35-058-03W4 & 12-19-065-05W4 Teine Energy…
Oil & Gas Daily Update March 29
Today’s energy market action: Risk appetite resurfaced on Friday, sending equity markets and most commodities higher, Brent rose almost 1% while WTI gained 1.4%, ending the week back above US$60 for the first time since early November. Canadian Light and WCS also rose about 1.5%. The Edmonton Condensate (C5+) discount…
Oil & Gas Update March 27
Today’s energy and equity market action: A surprise build in US crude stockpiles sent WTI 1% lower on Wednesday, giving back some of yesterday’s gains. Brent ended the day roughly unchanged. WCS declined 1.3%, while Canadian Light posted a 0.4% drop, helped by a slight narrowing of its discount to…
