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And there was much rejoicing in the land.... Gas Prices

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  • Strychnine
    replied
    Originally posted by Jimbo View Post
    I am curious as to where the 17 oil were brought out.
    Here are the OIL directed changes for that count (no mention of plays with no change)

    Arkoma Woodford +1
    Barnett +1
    Cana Woodford +2
    DJ-Niobrara +1
    Eagle Ford +2
    Granite Wash +1
    Permian +5
    "Others" +5

    Mississippian -1

    Net +17

    Leave a comment:


  • Ruffdaddy
    replied
    Originally posted by YALE View Post
    The removal of the export ban. We can produce oil cheaper than a lot of countries.
    I cant imagine the removal of the ban impacted the count that quick. Maybe someone proceeded at risk, but even brent is low enough to not warrant a 17 rig jump for luquids when storage capacity is starting to near the limit in multiple countries. Is there anything supporting this theory?

    Leave a comment:


  • YALE
    replied
    Originally posted by Jimbo View Post
    that was unexpected. I am curious as to where the 17 oil were brought out.
    The removal of the export ban. We can produce oil cheaper than a lot of countries.

    Leave a comment:


  • Jimbo
    replied
    Originally posted by Strychnine View Post
    Rig count this week...

    Ready for this...

    Net zero.
    Oil +17
    Gas -17


    Oh and the House and Senate both passed a bill with the export ban repeal attached to it last night.
    that was unexpected. I am curious as to where the 17 oil were brought out.

    Leave a comment:


  • YALE
    replied
    Originally posted by mstng86 View Post
    So I can NOT have $1 per gallon gas?
    It'll probably slip up a little from here, but it'll force OPEC's hand to keep production up and prices low globally.

    Leave a comment:


  • Snatch Napkin
    replied
    Originally posted by asphaltjunkie View Post
    Where the hell was this at?
    At the TA in Greenwood, LA.
    The fuel card I use gets discounts at certain places. They're always different, so I check my app daily to see if I'll be passing by any deals.

    Regular price was $2.26.

    Leave a comment:


  • asphaltjunkie
    replied
    Originally posted by Snatch Napkin View Post
    $1.52 a gallon for diesel. That was nice at 185 gallons.
    Where the hell was this at?

    Leave a comment:


  • Snatch Napkin
    replied
    $1.52 a gallon for diesel. That was nice at 185 gallons.

    Leave a comment:


  • mstng86
    replied
    So I can NOT have $1 per gallon gas?

    Leave a comment:


  • SBFORDTECH
    replied
    Originally posted by GrayStangGT View Post
    [IMG][/IMG]
    I was eating Raman noodles when things were good. I've got bad habits though....

    Leave a comment:


  • GrayStangGT
    replied
    [IMG][/IMG]

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  • Strychnine
    replied
    Rig count this week...

    Ready for this...

    Net zero.
    Oil +17
    Gas -17


    Oh and the House and Senate both passed a bill with the export ban repeal attached to it last night.

    House, Senate pass budget bill with crude export ban repeal intact


    WASHINGTON, DC, Dec. 18
    12/18/2015
    By Nick Snow
    OGJ Washington Editor

    The US Senate approved an omnibus budget bill including language which would repeal the 40-year-old ban on exports of domestically produced crude by 65 to 33 votes. The Dec. 18 action came hours after the House passed the same measure by 316 to 113 votes.
    The bill now heads to the White House, where US President Barack Obama is expected to sign it. It won crucial support from several Democrats because it also would revive expired tax credits for alternative energy sources ranging from wind and solar to biodiesel.
    Leading oil and gas industry associations immediately expressed their approval. “This is a historic moment in our energy renaissance,” American Petroleum Institute Pres. Jack N. Gerard said. “Lifting this ban will help put downward pressure on gas prices, create jobs, grow our economy and lower our trade deficit.”
    “The US is producing more energy than ever before, with production at its highest levels in decades,” Independent Petroleum Association of America Pres. Barry Russell observed. “The ability to export surplus US crude oil is a much needed shot in the arm for America’s producers and the economy, and will generate significant savings for American families and consumers.”
    “The American consumer is the beneficiary of today's decision by Congress,” said ConocoPhillips Chief Executive Ryan M. Lance, who also chairs Producers for American Crude Exports (PACE). “It's particularly important at a time when our industry is experiencing a period of extreme volatility and uncertainty
    More work remains
    National Ocean Industries Association Pres. Randall B. Luthi also applauded the congressional actions, but added that more needs to be done. “About 87% of America’s federal offshore areas remain closed off to oil and gas exploration and production. This is inexcusable and, quite frankly, backwards,” he said.
    Other crude export ban repeal advocates welcomed the House and Senate votes. “Business leaders representing every sector of the US economy applaud Congress for voting to end the outdated ban on American oil exports,” said American Electric Power Co. Chief Executive Nicholas K. Akins, who chairs the Business Roundtable’s Energy and Environment Committee.
    “By voting to lift the ban on oil exports, Congress has made it possible to unleash American energy around the world,” said Karen Harbert, president of the US Chamber of Commerce’s Institute for 21st Century Energy.
    “By embracing a modernized policy that recognizes our newfound energy abundance, we are opening the door to increased jobs, economic growth, and the ability to act as a stable and secure energy supplier for our key allies,” said Margo Thorning, senior policy advisor for the American Council for Capital Formation

    Leave a comment:


  • KBScobravert
    replied
    Originally posted by Strychnine View Post
    Right? Luckily our crew has stayed busy with Cimerex. We just don't get the hours that they used to let us have. So same work load just not as much cheese at the end of the week.

    Sent from my SAMSUNG-SM-G890A using Tapatalk

    Leave a comment:


  • Strychnine
    replied
    Originally posted by inline 6 View Post
    Guy on the next street over from me has a bro dozer with a sticker across the windshield that reads... "Oil field trash, spendin oil field cash" he ain't no mo.

    Leave a comment:


  • inline 6
    replied
    Guy on the next street over from me has a bro dozer with a sticker across the windshield that reads... "Oil field trash, spendin oil field cash" he ain't no mo.

    Leave a comment:

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