by admin on September 7, 2011

Couch Oil and Gas Reports

Schlumberger says oil, gas fundamentals strong

From MarketWatch.com

By Angel Gonzalez
Despite recent economic turmoil, the fundamentals of the oil and gas business remain strong, Schlumberger Ltd.’s SLB -0.26% Chairman Andrew Gould said Wednesday.

“In the medium-term the supply situation is likely to remain tight both for oil and gas,” providing an incentive for continued investment in seeking and developing new energy reservoirs, Gould said in a speech delivered at Barclays Capital CEO Energy-Power Conference, and posted on the company’s website. The increasing complexity of the world’s remaining pool of hydrocarbons will also make the companies that develop the technology necessary to tap them stronger, he said.

Stunted growth in developed countries, major political unrest, natural disasters and debt crises still haven’t had “any impact on the activity plans of our customers,” said Gould, who until Aug. 1 was the chief executive of the world’s largest oilfield services company.

Get the rest of the article fromMarketWatch.com

This article has been getting a lot of attention at the Couch Oil and Gas office today so we felt like we should share it. While Schlumberger may not being doing great financially they are making a very valid point about hydrocarbons becoming harder to reach. Fortunately Couch Oil and Gas has been investing heavily in the latest hydrocarbon extraction technology.

by admin on August 29, 2011

Couch Oil and Gas Updates

Boom time? Oil and gas leases flooding county assessor’s office

From Gazette.Com

The crude oil and natural gas boom is here.
Recorded mineral rights leases are arriving at the El Paso County assessor’s office by the barrel full.

The number of leases submitted so far this year is nearly twice that of last year. Leasing activity has jumped from 20 in 2008, to 215 in 2009, then 320 in 2010. This year’s tally: 611, with four months to go, according to County Assessor Mark Lowderman.

The influx is taxing the office, which recently hired an oil and gas coordinator to handle valuations of the industry.

“It’s everywhere out east,” Lowderman said of leasing activity. “We’re trying to educate ourselves and quickly get a handle on this because we haven’t dealt with it before.”

Unlike other parts of the state, El Paso County has never had a commercial gas or oil well in production. There have been about 100 exploratory drills here, including two last year, according to the Colorado Oil and Gas Conservation Commission.

No oil has been discovered, and the only natural gas find was by a residential property owner who was drilling a well for water, according to the commission.

Read the rest of the article at gazette.com

Here at Couch Oil and Gas we are keeping a close watch for any booms/busts in a realm that might effect us. This article goes in to a bit of the reason why we might have to prepare for a large bubble comparable to the previous housing bubble.

13,000 wells abandoned in W.Va.

August 17, 2011

Couch Oil and Gas: West Virginia announced today that the Environmental Protection Department has discovered 13,000 abandoned wells with oil in them!  The law declared these ‘abandoned’ wells as a dry hole if it hasn’t been used in a year. For these sorts of wells the previous owner must plug the well unless they can prove it can be [...]

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Couch Oil and Gas weekly update

August 12, 2011

What a wild week  we had here at Couch Oil and Gas trying to follow these crude oil futures. With the S&P dropping the US credit rating to AA from AAA we had the lowest settlement we have seen at Couch Oil and Gas in 10 months.  This is almost unthinkable for the last week [...]

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Oil Falls to New Low for 2011

August 11, 2011

The national averagre has dropped to a new low which seems good for consumers but bad for oil producers. This information shows a decline in demand for oil indicating an overall slow in the economy as a whole.  Fadel Gheit takes from this that Americans are simply being forced to spend less with the incredible decline [...]

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UK Oil suffers

August 5, 2011

With a current volatile market, UK Oil and mining equities fell to a near time low. This can be accounted to a predictable decrease in energy based stocks. The private sector rallied more this month then expected with an 150,000 more jobs. That being said the US still accounts for 14 million Americans unemployed. The [...]

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