In Today’s Post: Holdings Watch Commodity Watch Natural Gas Supply Slide Show – April 2009 Data Crack Spread Update Stuff We Care About – Another, bigger XCO deal Odds & Ends Holdings Watch: $10KP: $19,100 56% Cash No trades yesterday in this directionless pre-holiday, light volume market. Commodity Watch Crude oil rallied $2.33 to close [...]

  EAC Acquires Mid-Con / Texas Panhandle Assets From XCO: Reserves of 24.6 mm Barrel of Oil Equivalant (BOE) 28% oil reserve life of 11.6 years (fairly long lived) 5,795 BOEpd, (pretty fully developed, reserves are listed as 100% proved developed producing) LOE of $6.95 per barrel (low cost to operate) Acquisition price: $375 mm [...]

  What a much ado about nothing week. Very light volumes confirm that yep, it’s summer. I’ll have comments on the wrap in Monday’s post as it is so summery that few will read the weekend edition. In this coming week’s holiday shortened trading look for a slew of economic data and some adjustments to [...]

Jobless claims disappointed at 627,000 so look for a bumpy opening as the market continues to focus on the 600,000 level (right or wrong, meaningful or not) as the go / no go point for equities.  In Today’s Post: Holdings Watch Commodity Watch Natural Gas Preview EIA Oil Inventory Review Stuff We Care About Today [...]

Map of Eagle Ford Shale wells to date: Excludes PXD well to the north east in Dewitt County, three more wells drilled in La Salle by HK and this SM well: (map from 4.21.09) Thanks to Reef for some high definition maps of the play with well notes: Map 1 Map 2 This page will [...]