January 10th, 2017 and is filed under Company News
Great news for Texas oil investors – Texas oil land deals account for around 40% of all the U.S. oil and gas land deals in 2016. This is up from only 7% in 2011, making the Permian Basin the most sought-after oil and gas land in the world. IHS Markit reported that spending on Texas […]
January 4th, 2017 and is filed under Company News
Channel 5 News out of Dallas/Fort Worth posted a recent article lifting expectations of a strong 2017 for west Texas oil, specifically Permian Basin oil. The article quotes industry leaders Joseph Triepke the founder of Dallas-based research firm Infill Thinking, Jodi Quinnell manager of crude analytics for the energy intelligence firm Genscape, and numerous others. […]
December 28th, 2016 and is filed under Company News
Per a new assessment by the US Geological Survey, the Wolfcamp shale formation in the Midland basin section of the Permian Basin contains approximately 20 billion barrels of oil. Twenty billion barrels makes the Wolfcamp shale the largest deposit of continuous oil ever discovered in America. And even a West Texas Intermediate crude oil price […]
July 18th, 2016 and is filed under Company News
Permian Basin producers have begun a grassroots effort to restrict crude oil imports from foreign countries. This new effort is called the Panhandle Import Reduction Initiative. This new initiative seeks to break the stranglehold that the Organization of Petroleum Exporting Countries (OPEC) has over crude oil prices worldwide. OPEC’s policies since 2014 have been a […]
July 5th, 2016 and is filed under Company News
In a report released on June 7th by the U.S. Chamber of Commerce, the United States is now ranked 4th (from 6th the previous year) of the 25 largest energy using nations in energy security. This is due largely to the great successes and future potential production of America’s shale revolution.
June 6th, 2016 and is filed under Company News
Advances in hydraulic fracturing technology have propelled the United States farther down the road to energy independence than anything else in recent decades. However, that giant leap towards American energy independence and the use of fracking has drawn more than its share of detractors. What exactly is the problem with fracking and energy independence?
April 14th, 2016 and is filed under Company News
Since the oil price downturn began in mid-2014, Eagle Natural Resources has acquired roughly 4,000 +- acres in the Permian Basin of West Texas and the Bend Arch region of North Central Texas. The majority of the leases have their own injection and/or salt water disposal wells and are held by production (HBP). Eagle’s stable […]
March 15th, 2016 and is filed under Company News
January 2016 saw crude oil prices drop below the $30-mark for the first time since December 2003. With February bringing more of the same, markets have seen an incredible 72% plunge from crude oil’s peak of almost $108 in June 2014. While the last few weeks have seen prices stabilize closer to the $40 per […]