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Author Topic: AMEP-Oil/Gas,Shell looking at Barnett now!
QuestSolver
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just been looking around at some of these rigs...man they can bring in the bucks!

http://www.oilfieldrigs.com/

TYPES OF OIL & GAS EQUIPMENT LEASES OFFERED:


We offer two Basic Types of leases, to qualified Companies, on New or Used Oil Rigs and Oil Field Equipment, starting at a minimum equipment cost of $100,000 ranging up to $10,000,000. The two types of leases are the more familiar “Lease- Purchase” type in addition to the “Lease-Back type.

GENERAL TERMS:

Most leases fall into 24 to 60 month terms with various initial payments required, starting with a first and last payments in advance. At times a credit enhancement may be required. This would apply to either type of lease, a Lease-Purchase or a Lease-Back type lease.


Item Number: 112
Item: IDECO H-35 Potable Drilling Rig Package-Complete
Price: $895,000.00
Terms: Sold As Is Where Is
Location: Texas, USA
Contact: Doc Monical 303-887-9322 doc@rigplanet.com
Description:
IDECO H-35 Portable Drilling Rig D/D, p/b 400 HP CUMMINS Diesel Eng, Fuller Trans. 96 x #250,000 Mast, Mtd on 3 Axle Carrier, Hydr leveling Jacks,· Reagan BOP (Blow Out Preventor) and flow nipples, new bladder and control block, · 14" IDECO rotary table complete with drive and chain, 6 foot sub with 66 lb. Per foot I beams and cellar jet, · 100 ton swivel with new bearings, wash pipe and packing, 14 " Bethleham mud pump with twin V671 Detroit motors, 600 HP, 16" National G-700 Mud Pump with Cummins 8V diesel engine, 450 HP, Mud House, Shale Shaker, Skid Mtd. 150 bbl coated water tank, 2300 gal. diesel tank, generator, safety rails, trailer with doghouse w lights, trailer crew house, 6200 feet 4.5 ID yellow band drill pipe, (1 6 ¼ ID drill collars, 45kw generator, All tongs, tools, drilling recorder, (4) Oilfield Trucks

http://www.rigplanet.com/viewequip.php?id=5

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Quest

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bmaxingout
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questsolver your doing a great job with dd and related info please keep up the great posts

bmax,

Posts: 629 | From: new england | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
QuestSolver
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bmaxingout...thanx but understand his point of views,I didn't taking it as bashing me because so many good people get ripped off in penny scams everyone must be careful and no matter who post info it should always be verified and if he does some homework and just some surface DD in AMEP he will want to dig deeper imo. I PM's him and gave him another link to look at for info that I cannot post here due to the rules of the board.I think we can expect a lot more out of AMEP near term.
GLTY and all here.

Q

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Quest

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QuestSolver
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Natural Gas Shortages Worry Bush Officials By H. JOSEF HEBERT, Associated Press Writer
Tue Sep 13,11:22 AM ET

BATON ROUGE, La. - Senior Bush administration officials touring the Gulf Coast area devastated by Hurricane Katrina expressed concern Tuesday about possible shortages of natural gas, saying that the region's production may not recover for months.

Energy Secretary Samuel Bodman said there is less known about the damage to the natural gas supply system than about the effect on crude oil production. He said in addition to possible pipeline damage, the hurricane also shut down gas processing facilities on-shore.

"The great concern is about natural gas," Bodman told reporters as he flew to Louisiana from Houston.

Interior Secretary Gail Norton, who accompanied Bodman, said that 90 percent of the Gulf oil platforms "will be capable of production by the end of the month." But she said damage to on-shore facilities is expected to keep oil production down.

Norton said that 58 percent of Gulf oil production remains shut down, as does 38 percent of the region's natural gas production.

"But there is more concern about gas because we don't have an international market" that the country could rely on for additional supplies as it does with oil, she said.

Last week, the Energy Information Administration estimated that natural gas prices would soar this winter because of the hurricane, including increases as much as 71 percent in parts of the Midwest.

Bodman and Norton were to visit the government's Strategic Petroleum Reserve facility near Baton Rouge. The government is already supplying oil to some refineries from the reserve on a loan basis.

Later the two Cabinet secretaries were to tour an Exxon Mobile refinery near Baton Rouge that escaped damage from the hurricane but had to scale back production because of the shortage of crude oil. The refinery has since resumed production using SPR supplies.

Bodman and Norton met with senior executives from two dozen energy companies Monday evening in Houston. The executives said they needed government help in arranging for housing for thousands of employees as they struggled to return the Gulf's oil and gas system to full operation, he said.

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Quest

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QuestSolver
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look for the 4's or higher,touched off 3's already

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Quest

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QuestSolver
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watch for real buying to pick up after 2:30 and shoot for .04's or close thereof.

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Quest

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QuestSolver
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new higher lows guys and building everyday,this is one to be in now or get in soon...

oil/gas/own rig/heating/natural gas...winter....get it?

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Quest

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QuestSolver
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oil moving up on drop in inventories per FOX news just now.

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Quest

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bond006
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this grtting wound up tight the rubber bands going to snap soon and thoes that aren't in will be chasen her hard imho glta
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QuestSolver
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this article shows just how important owning your own rig is!! Do not even under estimate that move by AMEP!!

by Dan Piller Fort Worth Star-Telegram, Texas Tuesday, September 13, 2005

Record natural-gas prices in the wake of Hurricane Katrina have stoked even more interest in the Barnett Shale drilling play around Fort Worth, but tight supplies for drilling rigs means that expansion of the field isn't likely to accelerate beyond earlier plans.

"Day rates for rigs have gone up, but that's not the real problem -- the problem is just getting a rig," says veteran Fort Worth oilman Dick Lowe, whose Four Sevens Oil Co. has had to wait an extra month for a drilling rig it plans to put on a site in Fort Worth at East Loop 820 and Interstate 30.

Weatherford drilling consultant Jimmy Thomas, a geologist who has interests in 30 wells and has followed the Barnett Shale play since the late 1990s, says, "The Barnett Shale is hotter than ever."

The "rig choke," as Lowe calls it, has manifested itself in higher day rates producers must pay for rigs. At the beginning of this decade, a jackknife rig could be had for about $6,000 per day. But back then, of course, natural gas sold for about $3, oil was still below $30 per barrel, and the U.S. drilling-rig count stood at about 700 working rigs.

In midsummer this year, Patterson-UTI of Snyder, which owns about one-third of the nation's oil- and gas-drilling rigs, quoted day rates of $12,000 to $13,000 for rigs during July and August. Chairman Cloyce Talbott said the rate is likely to reach $15,000 during the fourth quarter.

The Barnett Shale was doing nicely even before Hurricane Katrina shut down about a quarter of the nation's natural-gas production in the Gulf of Mexico. As of Tuesday, about 30 percent of the lost production had been restored but not before natural-gas prices shot up to $12 per thousand cubic feet, from $8 to $9 two weeks ago.

Drillers have responded to higher natural-gas prices. More than 1,400 drilling rigs were working onshore in the United States last week, more than 600 in Texas.

The number of rigs working in the six-county Barnett Shale field, which was opened in 1999, rose from 81 March 1 to 101 May 1. But since then the total has remained static, settling at 100 July 1, 106 August 1 and 102 at the end of last week.

The Barnett Shale play has expanded south and east of Johnson County this summer, with four rigs working in Bosque, Hill and Ellis counties as well as four more to the west in Palo Pinto County. Other rigs worked earlier in Erath County.

"If you're an established producer with relationships with the driller and some contracts, you'll be able to get equipment," Lowe said. "If not, you'll have a tough time."

The Barnett Shale is a rarity among natural-gas fields in Texas: Its production still is increasing. From total production of 79 billion cubic feet in 2000, the Barnett Shale has expanded to annual production of 368 billion cubic feet last year and along the way become Texas' largest-producing field.

The field is likely to keep that distinction this year. Through mid-2004, it had produced 210 billion cubic feet, up from 179 billion cubic feet a year ago. Producers have optimistic plans to expand the play, not only in the original Wise-Denton-Tarrant county zone northwest of Fort Worth but into Johnson, Parker and Hood counties as well.

Indeed, the increased drilling this year has come in those counties south and west of Fort Worth. The aggressive entries of two Fort Worth players, XTO Energy and Quicksilver Resources, have pushed up the drilling-rig counts in Johnson County from 15 in March to 32 last month and from eight to 15 rigs in Parker County. Hood County's rig count grew from two in March to seven in June, but the number declined to four last month.

The tightness in rig supplies isn't a surprise, given the erosion in the drilling industry after the early 1980s. The record rig count is 4,530 rigs, in December 1981. But shortly after that, the price of oil collapsed, and two-thirds of the nation's energy industry went into liquidation.

Much of the iron and steel that drilled wells was sold for scrap. By 1998, the rig count had sunk to 499, the lowest level since records have been kept. Only this summer has the rig count reached 1,400.

The price conditions that idled so many rigs have long gone away. Natural gas, which sold for less than $2.50 at the beginning of this decade, has soared in price thanks to heavy demand from new electricity generators.

Demand has been particularly heavy this summer because of peak electricity loads to power the nation's air conditioners. That demand pushed prices above $8 by mid-August, making it more difficult for gas utilities to fill storage caverns with the gas needed to get through cold snaps during winter heating season.

According to U.S. Energy Department figures, the nation was about 1 trillion cubic feet short of the 3.3 trillion cubic feet of stored gas that is considered a sufficient supply for a typical American winter. That was before Hurricane Katrina blew away 24 percent of U.S. production that comes from the Gulf of Mexico. That 24 percent effectively matches Texas' share of annual production.

For that reason Daniel Yergin, author of the seminal work The Prize and considered one of the nation's foremost energy experts, said last week that "the run-up in natural-gas prices is the real story of Hurricane Katrina."

Indeed, although crude oil's spike was about 5 percent at the peak of the markets' reaction to Katrina last week, natural gas rose by 20 percent to nearly $12.

Those prices make obsolete earlier warnings by the Energy Department and utilities like Dallas-based Atmos Energy, which supplies gas to residential and commercial customers in Dallas-Fort Worth, that winter heating bills could rise by as much as 20 percent.

The higher natural-gas costs will probably be passed to consumers when TXU Corp. requests another rate increase from state regulators. TXU warned that it would seek an increase in mid-July; but now that request is likely to be higher than anticipated. Electricity rates have already risen 46 percent since early 2002, largely because of the rising natural-gas costs.

About 50 percent of Texas' electricity is generated from natural gas.

FYI... (AMEP and CB is truly blessed to have acquired a big Ideco Rig to develop the 7,000 acres over the Barnett. Success and profitability is at hand for AMEP.)
... %^ greeneyedhawk

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Quest

Posts: 2851 | From: Maryland | Registered: Mar 2005  |  IP: Logged | Report this post to a Moderator
QuestSolver
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I won't be here for open today,I have a court session but should be back by noon,I will have buys set at differant levels for any retracement since it is Friday,Berlin is nuts today,up66% then down 20%,looks like a lot of covering going on there.

Natural Gas Shortages Worry Bush Officials

By H. JOSEF HEBERT, Associated Press Writer
Tue Sep 13,11:22 AM ET

http://news.yahoo.com/s/ap/20050913/ap_on_go_ca_st_pe/katrina_energy_8

BATON ROUGE, La. - Senior Bush administration officials touring the Gulf Coast area devastated by Hurricane Katrina expressed concern Tuesday about possible shortages of natural gas, saying that the region's production may not recover for months.

Energy Secretary Samuel Bodman said there is less known about the damage to the natural gas supply system than about the effect on crude oil production. He said in addition to possible pipeline damage, the hurricane also shut down gas processing facilities on-shore.

"The great concern is about natural gas," Bodman told reporters as he flew to Louisiana from Houston.

Interior Secretary Gail Norton, who accompanied Bodman, said that 90 percent of the Gulf oil platforms "will be capable of production by the end of the month." But she said damage to on-shore facilities is expected to keep oil production down.

Norton said that 58 percent of Gulf oil production remains shut down, as does 38 percent of the region's natural gas production.

"But there is more concern about gas because we don't have an international market" that the country could rely on for additional supplies as it does with oil, she said.

Last week, the Energy Information Administration estimated that natural gas prices would soar this winter because of the hurricane, including increases as much as 71 percent in parts of the Midwest.

Bodman and Norton were to visit the government's Strategic Petroleum Reserve facility near Baton Rouge. The government is already supplying oil to some refineries from the reserve on a loan basis.

Later the two Cabinet secretaries were to tour an Exxon Mobile refinery near Baton Rouge that escaped damage from the hurricane but had to scale back production because of the shortage of crude oil. The refinery has since resumed production using SPR supplies.

Bodman and Norton met with senior executives from two dozen energy companies Monday evening in Houston. The executives said they needed government help in arranging for housing for thousands of employees as they struggled to return the Gulf's oil and gas system to full operation, he said.

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Quest

Posts: 2851 | From: Maryland | Registered: Mar 2005  |  IP: Logged | Report this post to a Moderator
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