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Oil & Gas Mineral Rights Blog

Wolf Resources, LLC Promotes Travis Low

Wolf Resources, LLC is pleased to announce that Travis Low has been promoted to Chief Operating Officer. Travis has 15 years of Oil and Gas experience and has worked for various public and private companies which include PDC Energy (“PDCE”) and Samson Resources. His experience includes corporate finance, business development, strategic planning and land. Travis will be working with the Leadership team to remove obstacles, oversee general business operations, ensure alignment with the company’s vision, and lead large-scale strategic initiatives. “Travis brings extensive Oil and Gas, financial, operational, and strategic experience to the Wolf family. As Wolf is focused on...

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OTC 2018: Energy Policy Pro, Officials See Better Government Industry Ties

Matthew V. Veazey | Rigzone Staff A word starting with the letter “o” that’s been rare in oil and gas in recent years – “optimism” – seems to be a popular sentiment at the 2018 Offshore Technology Conference (OTC), which began Sunday in Houston. How might the offshore oil and gas industry summarize its relationship with U.S. federal regulators? An energy policy pro with the Consumer Energy Alliance (CEA) suggests a pair of “c” words. “A more collaborative and cooperative approach between government and industry” marks the key legislative and regulatory trends that the U.S. offshore industry has witnessed since the 2017...

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These 2 Companies Are Changing the Oil Sector

By Matthew DiLallo | The Motley Fool | For years, the focus of the oil industry was on growing production no matter the cost. Drillers would spend everything that came in -- and then some -- to drill new wells. This approach had disastrous consequences because it ultimately drove oil supplies well past demand, causing prices to crash, which made it hard for oil companies to keep up with the debt they incurred to juice growth. However, thanks to a small handful of oil companies led by EOG Resources (NYSE: EOG) and ConocoPhillips (NYSE: COP), those days of growing just...

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OPEC’s Efforts Pay Off: Oil Is Back in Bull Market

By Alison Sider and Christopher Alessi | Wall Street Journal | Bullish data in September have lifted prices |  An oil refinery and tanks stand near the U.S.-Mexico border. Photo: John Moore/Getty Images | U.S. oil prices returned to bull-market territory while the global benchmark hit a two-year high, as investors gained faith that OPEC will successfully shrink a global supply glut. A drumbeat of bullish data in September, including the International Energy Agency’s upward revision to its demand outlook, has lifted prices. Investors have become more confident that the Organization of the Petroleum Exporting Countries will continue cutting production...

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Trump says the Atlantic, Arctic could soon be open to oil drilling

By Darryl Fears, Washington Post | The White House is making a bid to overturn the Obama administration’s five-year plan forbidding oil and gas exploration in the Arctic and Atlantic oceans and will examine opportunities to drill almost anywhere off the U.S. coast. Interior Department officials said Thursday that opening most of the outer continental shelf to leasing is part of President Trump’s strategy to make the United States a global leader in energy production, stimulate coastal activity and create thousands of jobs. But as onshore oil and natural gas production has surged from horizontal drilling, helping to lower the price...

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Trump to Call for U.S. ‘Dominance’ in Global Energy Production

By Jennifer A Dlouhy, Bloomberg | Donald Trump will tout surging U.S. exports of oil and natural gas during a week of events aimed at highlighting the country’s growing energy dominance. The president also plans to emphasize that after decades of relying on foreign energy supplies, the U.S. is on the brink of becoming a net exporter of oil, gas, coal and other energy resources. As with previous White House policy-themed weeks, such as a recent one focusing on infrastructure, the framing is designed to draw attention to Trump’s domestic priorities and away from more politically treacherous matters such as multiple investigations...

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Rig Count 933: Up 22 Consecutive Weeks

By Oil & Gas 360, Oil & Gas 360 | North Dakota adds most rigs U.S. drilling activity continues to ramp up, stretching the rig rally to 22 weeks, according to Baker Hughes’ Weekly Rig Count. Six additional rigs came online this week, bringing the total number of rigs active in the U.S. to 933. All six of these rigs were land-based, meaning there are now 908 land rigs operating in the country. Inland waters and offshore rigs saw no change, remaining at 3 and 22, respectively. Oil-targeting rigs continue to increase their share of rig activity, adding six this week. One...

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Rig Count Up 2 in Colorado

By The Denver Post, PressReader | The number of rigs exploring for oil and natural gas in the U.S. rose by six this week to 933. A year ago, just 424 rigs were active. Baker Hughes said Friday that 747 rigs sought oil and 186 explored for natural gas this week. North Dakota added three rigs while Alaska, Colorado and New Mexico gained two rigs each. California and Louisiana increased by one. Oklahoma declined by four rigs and Wyoming was down one.

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Oil and gas giant expects to spend $840 million in Colorado this year

By Cathy Proctor, Denver Business Journal | [caption id="" align="alignleft" width="350"] James Schwaberow | Bloomberg | The silhouette of a contractor is seen walking up stairs at an Anadarko Petroleum Corp. oil rig site in Fort Lupton.[/caption] Anadarko Petroleum Corp., one of Colorado’s biggest oil and gas companies, on Tuesday said it would pour about $840 million this year into its operations in the state’s Denver-Julesburg (DJ) Basin, which sprawls north and east of Denver to the state line. The company (NYSE: APC), which has been working in the DJ basin for years, also boosted the amount of oil, natural gas and...

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Colorado’s oil and gas economy poised to propel forward

By Angie Haflich, High Plains Public Radio | [caption id="" align="alignleft" width="386"] Ken Cedeno | Corbis | Getty Images Workers connecting tubes on the Raven Oil Drilling rig near Watford City N.D.[/caption] Like other High Plains states, Colorado’s oil and gas economy is in a position to help propel it forward. As The Denver Post reports, oil prices rose after recent OPEC production cuts and are now high enough to motivate producers to put more rigs to work and translate into more domestic production, said Erica Bowman, chief economist with the American Petroleum Institute. Colorado has 26 drilling rigs running in...

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