Our Blog
Rudy Energy at the NARO Convention
In October, Russell Rudy represented us at the 34’th National Convention of the National Royalty Owners Association in Albuquerque, NM. Fortuitously, the convention coincided with the International Hot Air Balloon Fiesta. Attendees could wake up in the morning to the sight of the colorful balloons over the City. The convention was full of educational and… Read More
Bakken’s Breakeven
There has been much speculation as to the impact of recent price declines on future production and drilling activity. The answer appears to be “it depends”. In an opinion piece in “Rigzone”, author John Kemp makes his projections based on recent remarks by Lynn Helms, the Director of the North Dakota Department of Mineral Resources.… Read More
Oil Price Sensitivities
Most of us are well aware of the oil price elasticity as it relates to consumer demand for petroleum products. “Rigzone” recently wrote about a study by consulting group, Wood Mackenzie, which deals with the sensitivity of global oil production to crude prices. Since this study involved global production, they used the price of Brent… Read More
Recent Earthquakes in the Dallas Area: Fact vs. Fiction
There have been concerns that fracking in general, and injection wells for disposing of flowback fluids in particular, increase the probability of earthquakes in the Bakken shale (Dallas-Ft. Worth) area. This has led to a referendum and subsequent fracking ban in Denton, TX. Even the Texas Railroad Commission, while not subscribing to this theory, recently… Read More
Oil Rig Count Drops
The Baker Hughes oil rig count dropped for the fourth straight week according to “Rigzone”. In the week ending January 2, the count stood at 1,482, its lowest level since March. After a record high of 1,609 in mid-October, the number of rigs drilling for oil has dropped in 9 of the last 12 weeks.… Read More
