Production Acquisitions - Development Drilling - Operations |
This is a great resource for facts, figures and a history of Oklahoma oil and gas. |
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Throughout this website we have used references taken from other sites, agencies and people. Have a look at these references to learn more about the industry. |
This is a fantastic resource. There are thousands of interesting pieces of information covering oil and gas to long-term energy outlooks on a global basis. |
The Big Rich: The Rise and Fall of the Greatest Texas Oil Fortunes Bryan Burrough, author of other great stories like “Barbarian at the Gate”, “Public Enemies”, “Dragonfly: NASA And The Crisis Aboard Mir”, to name a few, tells the saga of four American families that directly effected the history of the nation. There may not be a better read on oil. |
The Prize: The Epic Quest for Oil, Money & Power Daniel Yergin, chairman of Cambridge Energy Research Associates and the Global Energy Expert for the CNBC business news network, is a highly respected authority on energy, international politics, and economics. Dr. Yergin received the Pulitzer Prize for The Prize: The Epic Quest for Oil, Money & Power, which was also made into an eight-hour PBS/BBC series seen by 20 million people in the United States. Another “must read”. |
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Predicting oil prices has been, well, problematic. Global political factors, COVID-19 Pandemic, increased domestic production, high storage levels, OPEC infighting and the faltering domestic economies of middle eastern states have made the price quite volatile. In 2021, we expect oil prices to hover in the $45 to $55 per barrel range, with the three to five year outlook to reach into the mid-$60’s. That prediction looks to be holding true and relevant here thus far in 2021.
Gas prices have been soft for several years. Optimism exists, however, as major transportation and municipalities adopt the use of natural gas as a primary fuel source for equipment. In addition, the old coal vs. natural gas fight in power plants is being gradually won by natural gas. Our outlook for gas prices is similar to oil. Prices of natural gas should remain in the $2.00 per MCF (thousand cubic feet) to $2.75 MCF throughout the next 12 to 24 months. |
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