Market/News

December 7, 2019:

Why The OPEC+ Pledge Is More Bullish Than It Seems – want +$70 per barrel

“Saudi Surprise” Shocks Oil Market As OPEC+ Pulls it Together Saudi Surprise is..

November 25, 2019:

Most Energy Will Come From Fossil Fuels, Even In 2040

Which is more plausible: flying taxis, wind turbine arrays stretching miles into..

November 14, 2019:

The World’s Most Vulnerable Oil

A single drone missile can wreak as much havoc on the oil markets as a world war..

November 7, 2019:

China, U.S. Agree to Phased Tariff Rollback as Deal Progresses

hina and the U.S. have agreed to roll back tariffs on each other’s goods in phas..

October 24, 2019:

Goldman: A Major Oil Price Rally Is On The Horizon

Energy forecasters see a worsening supply glut in 2020, putting OPEC+ in a bind...

October 17, 2019:

Business terms has been updated

Section no. 11, 20 & 22 Regards TEX OIL COMPANY  

October 14, 2019:

Operator change is being completed

You, as an investor, do not need to do any more before we return with the new do..

October 4, 2019:

Oil Discoveries Hit 70-Year Low

The last three years has been the worst stretch of time in seventy years for new..

September 23, 2019:

Oil Markets Are One Outage Away From Crisis

The supply disruptions in the oil market may not be over, despite volatility and..

September 20, 2019:

‘’Catastrophic Flooding’’ Threatens Heart Of Texas Oil Industry

Flooding from a tropical storm hit the Houston area on Thursday, with some calli..

September 16, 2019:

Oil Price Explosion – Brent Crude Jumps 20%

Traders have scrambled to calculate what the limit move in oil would be, after S..

September 11, 2019:

Oil Markets Face Serious Risk Of New Supply Crunch

Weakening global economy and slowing oil demand growth, coupled with growing U.S..

July 24, 2019:

Ritchie Waterflood Unit – First load of oil ready for sale

Good news from our operator, they have ordered the pick-up of our first load of..

July 18, 2019:

Oil Prices Rise; EIA Reports Larger-than-Expected Drop in U.S. Crude Inventories

Investing.com - Oil prices rose on Thursday in Asia as data showed U.S. crude in..

July 8, 2019:

Persian Gulf Conflict Could Send Oil Beyond $325

The possibility of Iran attempting to close the Strait of Hormuz to tanker traff..

June 17, 2019:

Tanker Attacks Could Have A Lasting Effect On Oil Prices

The second apparent attack on oil tankers in the Middle East in a month rekindle..

June 12, 2019:

Ritchie Waterflood Unit – 5 wells on production, and 95 barrels of crude oil in tank at present

There is still 12% ownership for sale in this project, so there is the opportuni..

June 12, 2019:

Saudi Arabia Vows To Prevent Oil Crash

Oil prices rebounded a bit on Tuesday on Saudi assurances that OPEC+ would not l..

May 21, 2019:

OPEC+ Top Priority: Don’t Crash Oil Prices

OPEC+ is considering increasing production in the second half of 2019, as the oi..

May 20, 2019:

Why Oil Is Still Underpriced

Oil prices seesawed over the past week, jerked higher by tension in the Middle E..

May 13, 2019:

New Middle East Proxy War Could Jolt Oil Prices

U.S. sanctions on Iran are now really starting to bite. In contrast to what Euro..

April 30, 2019:

19 Historical Oil Disruptions, And How No.20 Will Shock Markets, we could see oil rise to between $114 – $126 per barrel

The findings from the model indicate that the current disruption will likely cau..

April 25, 2019:

We have made changes to our general business terms

The following terms have been updated number 7 & 23 in the general business..

April 25, 2019:

Saudi Arabia’s Dream Of $85 Oil Is Closer Than Ever

Things are starting to look good financially for Saudi Arabia again - very good...

April 23, 2019:

Ritchie#9 workover rig up hill battle + well flowing ..video´s

4th well is now online Ritchie#9 is flowing fluids..

April 18, 2019:

Ritchie Waterflood project – working on bringing the 3 well online shortly…see video from field

18-4-19 Working on the 3 well now. Changing out old tubing Cleaning out well New..

April 16, 2019:

The work has started on the first two wells on the Ritchie Waterflood Unit

First well is being flow tested as we speak, the second well is having the tubin..

April 15, 2019:

Latest investor trip in March 2019

Approx. a month ago we had our last investor trip to Texas to see investors' oil..

April 15, 2019:

Brent Could Hit $80 This Summer As Hedge Funds Lose Steam

rent Crude and WTI Crude prices hit a five-month high this week amid signs of ti..

April 2, 2019:

Oil Prices Spike On Shale Slowdown

The collapse of oil prices late last year, along with pressure from shareholders..

March 30, 2019:

Oil Breaks $60 As Bullish News Mounts

Oil prices broke through $60 on Friday as the U.S. rig count fell and bullish ne..

March 26, 2019:

Saudis Admit They Want $70 Oil

Saudi Arabia has been signaling for weeks that it is and will be doing whatever..

March 19, 2019:

St. Martin Project – 20 barrels a day

The well is getting better and better, still by stabilizing after replacing the..

March 19, 2019:

“Perfect Storm” Drives Oil Prices Higher

Oil prices have already hit four-month highs, forcing a range of analysts to ove..

March 18, 2019:

IEA Warns Of Looming Oil Market Deficit

Production outages and Iran and Venezuela will tip the global oil market into a..

February 25, 2019:

Goldman: Brent Oil To Reach $70-$75 Soon

As the oil market continues to tighten significantly, Brent Crude oil prices cou..

February 20, 2019:

Oil Prices Nearing Breakout Levels

OPEC+ cuts, supply disruptions and an easing of trade tensions between the U.S...

February 12, 2019:

IMF: Saudi Arabia Needs $80-85 Oil Price To Balance 2019 Budget

OPEC’s biggest producer Saudi Arabia would need oil prices at US$80-85 per barre..

February 1, 2019:

Oil Rises 18% In Best January On Record

https://mailchi.mp/oilprice/oilprice-intelligence-report-why-oil-prices-are-seei..

January 29, 2019:

Latest press release

January 25, 2019:

The Most Important Oil Factor In 2019

The oil market is heading towards rebalancing this year, most analysts seem to t..

January 24, 2019:

Saudi Arabia: We’ll Pump The World’s Very Last Barrel Of Oil

Saudi Arabia isn’t buying the peak oil demand narrative. OPEC’s largest producer..

January 16, 2019:

Oil Markets Could See Deficit In 2019

The oil supply surplus is “starting to reverse,” according to a new report from..

January 14, 2019:

Saudis Set Sights On $80 Oil

Hoping to drive oil prices back up to $80 per barrel, Saudi Arabia is preparing..

January 2, 2019:

Why 2019 Could Start With An Oil Rally

Oil prices have regained significant ground since the Christmas Eve meltdown, an..

December 22, 2018:

The best Christmas and New Year greetings

We wish all customers and followers via newsletter, as well as social media, a m..

December 10, 2018:

OPEC+ Succeeds, What’s Next For Oil?

Oil prices spiked on Friday on news from Vienna. OPEC+ managed to pull off an el..

December 6, 2018:

World Bank Warns Of Extreme Volatility In Oil Markets

After several months of oil price rises and then a sharp reversal over the last..

November 27, 2018:

Goldman: Oil Prices Set For Rebound In 2019

Goldman Sachs believes that the price of oil and other commodities are set for a..

November 14, 2018:

Is An Oil Supply Crunch Inevitable?

Global oil demand will peak by 2040, according to a new report, although oil sup..

November 13, 2018:

Oil Prices Are Not Falling Off A Cliff Anytime Soon

We entered the fourth quarter of 2018 with some anticipation. Driving this was t..

November 8, 2018:

Big Oil Won’t Spend Despite Fat Profits

Higher oil prices are expected to leave the oil industry flush with cash, but th..

November 7, 2018:

The Truth About Iran Oil Sanction Waivers

The Trump administration has dropped the hammer, officially putting sanctions on..

October 23, 2018:

This Alliance Could Mark A New Era For Oil

Saudi Arabia and Russia could formalize a strategic partnership that would last..

September 28, 2018:

The Inevitable Oil Supply Crunch

“The warning signs are there – the industry isn’t finding enough oil.” That’s th..

September 25, 2018:

$100 Oil Is A Distinct Possibility

An oil price spike is starting to look increasingly possible, with a rerun of 20..

September 23, 2018:

Why Peak Oil Demand Doesn’t Matter

In the previous article, I discussed the natural gas projections from the recent..

September 18, 2018:

Russia And Saudi Arabia Confirm Long-Term Oil Partnership

Russia and Saudi Arabia will continue co-operating in the long term, including o..

September 14, 2018:

IEA: Tight Markets To Push Oil Prices Above $80

The oil market is “tightening up,” according to a new report from the Internatio..

September 11, 2018:

OPEC Outages Are Driving Up Oil Prices

Geopolitics is once again driving oil prices, and after a pause this summer, ten..

August 31, 2018:

Oil Rallies On Flurry Of Bullish News, prices have climbed 10 percent in the past two weeks

Oil is on track for a second consecutive week of gains, after two months of loss..

August 21, 2018:

Re-complete/workover – on the Hayes#2 has started

The rig was mobilized late Friday PM. Today we came out of the hole with the rod..

August 16, 2018:

All-Time Low Spare Capacity Could Send Oil To $150

While the oil market and analysts are trying to guesstimate how much Iranian oil..

August 14, 2018:

The Real Reason Behind The Next Oil Squeeze

The last quarter has seen increased volatility in oil prices, an increase that I..

August 13, 2018:

Global Oil Supply Could Become ‘’Very Challenging’’

The oil market has experienced a “cooling down” this summer as global supply dis..

August 10, 2018:

Our latest project is now ready for funding. Ritchie Waterflood unit

The plan is the do all workover on the first 6 wells, get them producing and flo..

August 8, 2018:

$90 Oil Is A Very Real Possibility

U.S. sanctions on Iran could push oil prices up to $90 per barrel later this yea..

July 25, 2018:

The Regulation That Could Push Oil To $200

Oil prices could spike as high as $200 per barrel over the next 18 months, which..

July 20, 2018:

Oil Prices Rebound As Saudis Expect Reduced Exports In August

Saudi Arabia is expecting a reduction in crude oil exports next month, despite e..

July 10, 2018:

U.S. Sanctions Could Add $50 To Oil Prices

The oil industry might not be able to produce enough oil to meet global demand i..

July 7, 2018:

A supply shortfall is lurking should major oil companies continue to underinvest..

June 27, 2018:

Oil Jumps As Trump Asks Allies To Cut Off Iranian Oil

The Trump administration is going to extreme lengths to disrupt as much oil from..

June 26, 2018:

The Bullish Truth Of OPEC’s Agreement

Oil prices jumped 5 percent on Friday after the OPEC+ group announced its vague..

June 5, 2018:

We just got some updated pictures from the st. martin well we are working on at this time….looks good

SE LLC -Operation - NS RA SUA, St Martin B&C CO. ET AL NO.1 rev

May 19, 2018:

New pictures from the st.martin well location

Area has been cleaned up, and new pump unit is being installed, everything is go..

May 17, 2018:

OPEC Won’t Stop When Oil Hits $80

OPEC is not in a rush to start winding down the production cuts despite oil pric..

May 15, 2018:

OPEC: The Oil Glut Is Gone

OPEC said that the global oil supply surplus has nearly been eliminated, althoug..

May 14, 2018:

$100 per barrel in 2019 – Higher Oil Prices Look Likely

The path to higher oil prices seems pretty clear, but it isn’t inevitable. There..

May 8, 2018:

Trump Tears Up The Iran Deal

Oil markets saw extreme volatility on Tuesday, with prices originally crashing o..

May 8, 2018:

Why Oil Prices Are Likely To Go Higher

WTI just hit $70 per barrel for the first time since late 2014. Prices continue..

May 4, 2018:

Could Oil Actually Hit $300?

Speculating on the price of oil is a favorite pastime in certain circles, and th..

May 1, 2018:

Oil Prices Spike As OPEC Compliance Hits New Record

OPEC’s oil production continues to decline, hitting a one-year low in April. Com..

April 20, 2018:

OPEC Panel Confirms The Oil Glut Is All But Eliminated

A meeting of the Joint Technical Committee (JTC) of the OPEC and non-OPEC oil pr..

April 19, 2018:

$100 Oil Is Back On The Table

Oil prices will rise to $100 per barrel if Saudi Arabia gets its way. Read more.

April 10, 2018:

Why Oil Prices Just Rallied To $70

The price of a Brent barrel surpassed the $70 mark in morning trading on Tuesday..

March 13, 2018:

44 Things You Didn’t Know About Oil

Whenever you see a headline like this, you know it will go along the lines of “d..

February 23, 2018:

Saudi Arabia Wants $70 Oil

As the global oil inventory surplus narrows and the goal of the OPEC cuts is wit..

February 17, 2018:

Is This The Future For OPEC?

OPEC and Russia, along with other countries participating in the oil production..

February 16, 2018:

The Most Bullish Indicator For Long-Term Oil Demand

The rise of electric vehicles has prompted many analysts to start trying to pinp..

January 10, 2018:

Oil Prices Rise After API Reports Staggering Crude Oil Draw

The American Petroleum Institute (API) reported a staggeringly large draw of 11...

January 4, 2018:

Oil Rises As API Reports Major Draw In Crude Inventories

The American Petroleum Institute (API) reported a draw of 4.992 million barrels..

January 2, 2018:

U.S. Shale Can’t Offset Record-Low Oil Discoveries

The U.S. shale resurgence has been one of the main themes in oil markets this ye..

December 28, 2017:

Oil Discoveries At Lowest Point Since The 1940s

The oil industry discovered the least amount of oil in 2017 in almost eight deca..

December 22, 2017:

We wish you a Merry Christmas & a Happy New Year

we are looking forward to an exciting 2018

November 22, 2017:

Oil Prices Rise After API Reports Major Crude Draw

The American Petroleum Institute (API) reported a draw of 6.356 million barrels..

November 17, 2017:

IEA: Oil demand on a rising trajectory by 2040

According to the International Energy Agency’s World Energy Outlook 2017, up unt..

November 14, 2017:

The War That Would Transform Oil Markets

A fire erupted at an oil pipeline connecting Bahrain and Saudi Arabia, and the t..

September 28, 2017:

Oil Prices At A Ceiling, Or Just Getting Started?

Oil moved back into bull market territory this week, with Brent prices jumping t..

September 19, 2017:

IEA: Price Spike Coming In 2020

The oil market has been awash in crude for more than three years, and OPEC has s..

September 16, 2017:

Soaring Demand Drives Oil Market Recovery

It has been a bullish week in oil. Rig counts dropped, WTI broke $50, demand has..

September 14, 2017:

The Most Bullish Oil Report This Year

Despite the huge uncertainties related to the two massive hurricanes that hit th..

September 13, 2017:

Oil Prices Rise After API Reports Largest Gasoline Draw On Record

The American Petroleum Institute (API) reported a build of 6.181 million barrels..

September 1, 2017:

OPEC Compliance Hits 89 Percent In August

Output from the Organization of Petroleum Exporting Countries (OPEC) fell by 170..

August 29, 2017:

Russia And Saudi Arabia Plan To Extend Outputs Cuts Through June

Oil producers in Russia and Saudi Arabia are pushing to extend the Organization..

August 16, 2017:

Oil Prices Rise As API Reports Huge Crude Inventory Draw

The American Petroleum Institute (API) reported a major draw of 9.2 million barr..

August 12, 2017:

BP#1 is making 65 BBL/day

The BP#1 made 65 bo and +/- 187 bw, flowing at 175 psig on a 5/64’s. See attache..

August 11, 2017:

Oil Futures Point To Higher Oil Prices

The EIA reported another strong week of inventory declines in its most recent da..

August 9, 2017:

Saudi-Arabien vil formentlig skære i olieeksport i september

Det saudiarabiske olieselskab Aramco vil efter forventninger ikke levere lige så..

August 8, 2017:

Venezuela Rebellion Could Send Oil To $80

Venezuela’s deteriorating crisis is “going to be the biggest geopolitical story..

August 7, 2017:

BP#1 well – Recomplete has begun of the well, to get it back producing

The rig was moved on location Sunday and has begun work on the recomplete in the..

August 4, 2017:

The oil producing countries need these prices to balance their state budgets

OPEC can no longer afford to ride out a wave of low oil prices that could last u..

August 4, 2017:

Is The EIA Exaggerating U.S. Oil Production?

Oil is back at $50 per barrel, restoring some semblance of confidence in the mar..

July 28, 2017:

Electric Vehicles No Threat To Oil Prices Anytime Soon

Hardly a day goes by without another media report about the impending demise of..

July 26, 2017:

Will The UAE Further Boost Its OPEC Compliance?

Following Saudi Arabia’s pledge to do the same, the United Arab Emirates announc..

July 26, 2017:

Oil Prices Leap Higher After API Reports Huge Crude Draw

The American Petroleum Institute (API) reported a huge draw of 10.23 million bar..

July 25, 2017:

Saudis To Take ‘Significant’ Measures To Bolster Oil Prices

At the meeting of OPEC and non-OPEC producers in St. Petersburg on Monday, Saudi..

July 11, 2017:

The Major Wildcard That Could Send Oil To $120

The latest rally in oil prices ran up against a wall yet again, and the same fea..

July 6, 2017:

Only $60 Oil Can Save The Aramco IPO

The OPEC deal is in crisis. All oil price gains derived from the 1.2 million-bar..

July 5, 2017:

Markets Overcome The Crash: Oil Rally Continues

Fueled by a bout of short covering, oil prices continue to climb towards $50 as..

June 21, 2017:

The Fourth Industrial Revolution Is Fueled By Oil

Artificial intelligence is already here, with algorithms replacing traders on Wa..

June 16, 2017:

Oil Prices Are Set To Rebound

The latest selloff in oil prices have left speculators in a predicament: The fun..

March 7, 2017:

IEA forecasts possible oil undersupply, price spike after 2020

Global oil supply could struggle to keep pace with demand after 2020, risking a..

February 10, 2017:

Oil Rises As Bullish Sentiment In Markets Persists

Oil prices are moving back toward the top of their recent trading range, looking..

January 23, 2017:

$25 Trillion Investment Needed To Meet Future Oil Demand

The world needs to invest US$25 trillion in new oil-producing capacity over the..

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