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 5, 2019:
Get into a producing oil well with +30 BBL/Day – Fully committed this morning with in 1 hour, should more come up for sale we will post it here and on FB.
We have taken over some working interest in a well named Bergeron#1 in Lafayette..
February 1, 2019:
Oil Rises 18% In Best January On Record
https://mailchi.mp/oilprice/oilprice-intelligence-report-why-oil-prices-are-seei..
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:
Dividend settlements for the month of August will be ready on Tuesday, 4-9-2018 and will appear on your customer page
We wish everyone a good weekend. TEX OIL COMPANY
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..
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..