Good day everyone!
Here is brief update of what is going on currently, we suffered some website server damage which caused some of our latest posts to be erased, we should be getting everything back online by mid August.
Now, onto the field update:We have already begun some of the work in the field in Oklahoma, including having already replaced the pump on the Stott’s lease and we already have it moving fluid.
In addition, we’re about halfway done with the overhaul conversion of the heater treater unit on our Kay county lease.
Feel free to contact us with any questions, we will work on communicating our progress better online, as you may know, the oil industry requires an enormous amount of work and energy, and we are working 7 days a week to bring the best possible results from our endeavors.
As March comes to a close, Synergy Oil takes a look at what the future holds.
The new management team is settling into place and setting us on track for a killer 2012 year.
We are working on deploying well enhancements on at least two of our leases which will help move them in a positive direction, and we are also in intense discussions to work out a horizontal drilling partnership. These deals and maneuvers have the potential to propel Synergy into a prosperous summer.
On top of all that, we are buying more acreage, and looking into partnerships with various companies- we have been approached more than a few times already to do contracted drilling or to partner up in ventures.
Here’s to a fantastic year with Synergy Oil, LLC!
Good afternoon everyone,
We have moved to a new location in order to minimize overhead expenses. Currently, our phone carrier is transferring our 800 service so that our phone number will point the office, however if you need to reach us immediately, please dial: 949.988.35OO.
We are currently in the process of tallying up all of the numbers, and receiving the final payments from oil & gas sales. Once that is complete, we will be able to complete the distribution calculations; we expect to have the final numbers and checks ready to send by the end of next week.
Check back as we will be posting a major update in the next few weeks.
Synergy Oil, LLC
The modern day entrepreneur has undoubtedly considered the gold rush of the 1800′s, and dreamt about the possibilities that a modern day gold rush would bring. In today’s world, opportunities come up frequently, albeit with varying levels of success rates, however, those keen on the oil and gas industry can partake in the true gold rush of the modern age.
Wherever oil is discovered, flocks of pioneers and entrepreneurs alike rush to the scene to discover their potential for return. The Bakken Shale is perhaps the most important oil discovery of the passed one hundred years.
Many are well aware that there has been a plethora of oil in the Bakken Shale for over 60 years, but only recently have the horizontal drilling and fracting techniques evolved to the point where these oil reserves are now within reach.
It’s easy to see that oil & gas investing is here to stay, with the best oil and gas returns yet to be seen.
See more at MSNBC
The Bakken Shale has been a hot button issue in the oil & gas investment scene for several months now. This area, which is primarily in Montana and North Dakota, stretching up into Canada, is a wealth of oil and natural gas.
For over a decade it was known that oil resided in this shale, but it wasn’t until recently that modern geological equipment and drilling techniques evolved to the point where we could tap into this treasure trove. Even still, no one anticipated exactly how much of the precious resource we would uncover there.
Recent surveys have shown that there is a total mean resource of 3.65 Billion barrels of oil.
More information about the exciting Bakken Shale is available at geology.com
Futures off session highs but up 2.6%
By Claudia Assis and V. Phani Kumar, MarketWatch
SAN FRANCISCO (MarketWatch) — Crude-oil futures topped $100 a barrel Monday, spurred by a strong start to the holiday-shopping season, a weaker dollar, and a surge for equities.
Light, sweet crude futures for January delivery CL2F +1.34% advanced $2.49, or 2.6%, to $99.26 a barrel on the New York Mercantile Exchange. The contract traded as high as $100.73 in electronic trading ahead of the floor open.
Front-month crude futures had last hit the $100-mark on Nov. 16, when they topped $102 a barrel.
Markets “are loving” news about the euro zone, said Matt Smith, an oil analyst with Summit Energy, in a note to clients.
European officials have agreed on how to leverage a rescue fund for the region, according to news reports. Read more about the reported agreement.
In addition, “there is a broad rally underway in risk assets“ and a bit of geopolitical tensions in oil-rich countries, he said.
The jump came in the wake of a strong start to the holiday-shopping season. A report form ShopperTrak said U.S. retailers’ “Black Friday” sales rose 7% from last year’s day-after-Thanksgiving, to $11.4 billion. Read more on Black Friday sales.
Some geopolitical risk premium was in place “due to instability in the (Middle East and North Africa) area,” analysts at JBC Energy said in a report to clients.
“Besides civil unrest in Syria and Yemen, sectarian tensions in Saudi Arabia are also on the rise,” they said. “Meanwhile, stricter sanctions have been placed on Iran with some European countries even considering a ban on oil imports,” they wrote.
The Arab League also imposed sanctions on Syria in a bid to force an end to the violence in the country.
Meanwhile, moves in the dollar and the stock market also kept crude supported.
The U.S. dollar index DXY -0.65% slipped to 78.982 from 79.688 in North American trading Friday, boosting commodities priced in the greenback, including crude oil. Read currencies report.
U.S. stocks surged at the opening, with the Dow Jones Industrial Average DJIA +2.76% rising more than 250 points after dropping in the previous four sessions.
Most energy products tracked crude higher on Monday, with natural gas the outlier.
December natural gas NG11Z -2.80% slipped 10 cents, or 2.9%, to $3.44 per million British thermal units. Natural gas notched a 6.6% weekly gain last week.
December gasoline RB1Z +2.76% rose 8 cents, or 3.1%, to $2.53 per gallon. Heating oil for the same month’s delivery HO1Z +1.37% advanced 6 cents, or 2.1%, to $2.99 a gallon.
Prices kept higher after news sales of new single-family homes barely changed in October, with little evidence of major improvements in the battered U.S. housing market.
New-home sales edged up to an annual rate of 307,000 in October. Economists polled by MarketWatch had expected a rise to 320,000.