Discoveries

Archive for January, 2009

Natural Gas Prices In For Long Slump

Monday, January 26th, 2009 Posted in Uncategorized | No Comments »

Natural gas prices, trading at $4.52 per million Btu as I write this post, are not likely to recover for many months. The latest storage report from the Energy Information Administration ... Read more..

Nova Scotia Shale Shows Promise; Completion Attempts Will Tell Tale

Tuesday, January 20th, 2009 Posted in Uncategorized | No Comments »

Shale plays require long-term thinking and patience, and progress continues on several interesting ones in spite of low commodity prices. One budding play is in Eastern Canada's Maritimes Basin, and it ... Read more..

SEC Revises Reporting Rules For Oil And Gas Reserves

Monday, January 19th, 2009 Posted in Uncategorized | No Comments »

As 2008 closed out, the U.S. Securities and Exchange Commission announced that it had finally updated the reporting requirements for public companies’ oil and gas reserves. It’s been a more ... Read more..

Demand For Oil Dropped Sharply In U.S. Last Year

Thursday, January 15th, 2009 Posted in Uncategorized | No Comments »

U.S. oil demand is dwindling. According the American Petroleum Institute, 2008 domestic petroleum demand sagged to the lowest level since 2003, due to stratospheric prices early in the year and a suffering economy in the latter half of 2008. Petroleum deliveries ... Read more..