#CrudeOil #NasGas #Drillers #Recovery $USO $UNG The US Crude Oil and Nat Gas rig count increased last week for the 1st time since March, with energy firms adding the most drill rigs in 7 months, as shale producers start drilling again now that Crude Oil prices have recovered from their lows. The Crude Oil and […]
The Permian Basin’s Has a $900-B Gift to the World of Energy $USO, $UNG, $PXD, $COP, $FANG The Permian Basin is the gift that keeps on giving. One portion of the giant field, known as the Wolfcamp Formation, was found to hold 20-B bbls of Crude Oil trapped in 4 layers of shale beneath the […]
USGS Add 20-B bbls of Crude to US Reserves $USO, $UNG The Permian Basin of West Texas and southeastern New Mexico is one of the oldest and easily most productive oil regions in the country. The 1st Crude Oil was produced there in Y 1931, and the Permian has produced more than 28-B bbls of […]