Our Blog
Exxon Sees Bright Future for Hydrocarbons
A recent “Rigzone” article summarized Exxon’s annual long-term energy forecast. The company predicts a positive outlook for hydrocarbons in general and for North America in particular. This is quite a reversal for a continent which once was a sponge that sucked up a large part of the world’s oil supply. Exxon predicts that by the… Read More
Texas Drilling Permits Fall in November
“Rigzone” reports that Texas, the leading oil producing state in the U. S., issued only about half as many drilling permits in November as in the previous month. While this decrease is widely attributed to the drop in oil prices, it still took several months to develop. Oil prices plunged in late June, but from… Read More
Crude Price, Rig Count and Production
A recent article in “Rigzone” cites several studies that deal with the relationship between crude price, rig count and production levels. The economic blog “Zero Hedge” contends that there is a 4-6 month lag between crude prices and their reflection in rig counts, and current experience seems to bear this out. However, a study by… Read More
Whiting’s Reserves Increase by Approximately 1/3
According to a recent article in “Rigzone”, Whiting Petroleum Corp. reports that its proven reserves increased by approximately one third to 780 million barrels of oil equivalent. This increase is largely the result of the company’s recent buy out of Kodiak Oil & Gas which had proven reserves of 167 million barrels. The purchase makes… Read More
Russell T. Rudy Energy’s Christmas Party
Last Wednesday we took a break from work and all got together to celebrate the holidays with a festive lunch at the Houston Racquet Club. As is our custom, we were joined by our colleagues at our sister company, Imperial Oil. Partners Russell T. Rudy and John Pepper catch up on last minute details before… Read More
