04. February 2018 · Comments Off · Categories: News

Why Oil Is Set To Explode in 2018

From the OIl & Gas Energy Investor, Dr. Kent Moors Author

These days, most media pundits, market analysts, money managers, and investment advisors would have you think there’s no money to be made in energy with oil trading at $56 a barrel.

But they couldn’t be more wrong.

With demand for gasoline at a record high in the U.S., and with some of the largest OPEC players undergoing radical, systemic and economic changes, energy markets are going to be on fire going into 2018 and beyond.

And all the while, the U.S. has been setting itself up to be the next global energy leader.

In fact… the investment opportunities right now dwarf anything the energy world has seen before.

We’re talking about breathtaking profit potential in every type of fuel imaginable.

But that doesn’t mean investing in just any energy company you come across will make you money.

In fact, that’s a recipe for disaster.

But there are a few ways that you can safely navigate this sector and set yourself up for massive returns down the line.

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04. February 2018 · Comments Off · Categories: News

Rockhound has had several good shallow oil wells completed recently.

  • Day- Shallow San Andres Discoveries
    •  Lamb County, West Texas
  • Doty- Shallow Bluff Creek / Hope Discoveries
    • Jones County, North Texas
  • Anchor- 2 new discoveries in Wolfcamp (<4,000′) and Canyon (<7,000′)
    • Schleicher County, Texas
  • Kemp - 2 good shallow (< 3,000 ft.) multi-pay oil wells
    • Coleman County, Texas
  • Big Giant - 2 good shallow (< 3,000 ft.) oil wells
    • Knox County, Texas
  • S.R. Project - 1 new shallow oil (> 3,000 ft.) discovery
    • Runnels County, Texas

Check Projects available here:  Rockhound Projects for year-end acquisitions or investments.

Call or e-mail us as new Projects are being reviewed now.

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10. February 2017 · Comments Off · Categories: News

RECENT ROCKHOUND ACCOMPLISHMENTS

  • Anchor – Schleicher County, Texas
    • 2 New Discoveries in Wolfcamp (< 4,000 ft.) and Canyon (< 7,000 ft.)
  • Kemp – Coleman County, Texas
    • 2 Good Shallow (< 3,000 ft.) Multi-Pay Oil Wells
  • Big Giant – Knox County, Texas
    • 2 Good Shallow (< 3,000 ft.) Oil Wells
  • S.R. Project – Runnels County, Texas
    • 1 New Shallow Oil (< 3,000 ft.) Discovery
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17. January 2017 · Comments Off · Categories: News
Release Date: November 15, 2016

This is the largest estimate of continuous oil that USGS has ever assessed in the United States.

The Wolfcamp shale in the Midland Basin portion of Texas’ Permian Basin province contains an estimated mean of 20 billion barrels of oil, 16 trillion cubic feet of associated natural gas, and 1.6 billion barrels of natural gas liquids, according to an assessment by the U.S. Geological Survey. This estimate is for continuous (unconventional) oil, and consists of undiscovered, technically recoverable resources.

The estimate of continuous oil in the Midland Basin Wolfcamp shale assessment is nearly three times larger than that of the 2013 USGS Bakken-Three Forks resource assessment, making this the largest estimated continuous oil accumulation that USGS has assessed in the United States to date.

“The fact that this is the largest assessment of continuous oil we have ever done just goes to show that, even in areas that have produced billions of barrels of oil, there is still the potential to find billions more,” said Walter Guidroz, program coordinator for the USGS Energy Resources Program. “Changes in technology and industry practices can have significant effects on what resources are technically recoverable, and that’s why we continue to perform resource assessments throughout the United States and the world.”

 

Although the USGS has assessed oil and gas resources in the Permian Basin province, this is the first assessment of continuous resources in the Wolfcamp shale in the Midland Basin portion of the Permian.

Since the 1980s, the Wolfcamp shale in the Midland Basin has been part of the “Wolfberry” play that encompasses Mississippian, Pennsylvanian, and Lower Permian reservoirs. Oil has been produced using traditional vertical well technology.

However, more recently, oil and gas companies have been using horizontal drilling and hydraulic fracturing, and more than 3,000 horizontal wells have been drilled and completed in the Midland Basin Wolfcamp section.

The Wolfcamp shale is also present in the Delaware Basin portion of the Permian Basin province, but was not included in this assessment. The Permian Basin province includes a series of basins and other geologic formations in West Texas and southern New Mexico. It is one of the most productive areas for oil and gas in the entire United States.

Continuous oil and gas is dispersed throughout a geologic formation rather than existing as discrete, localized occurrences, such as those in conventional accumulations. Because of that, continuous resources commonly require special technical drilling and recovery methods, such as hydraulic fracturing.

Undiscovered resources are those that are estimated to exist based on geologic knowledge and theory, while technically recoverable resources are those that can be produced using currently available technology and industry practices. Whether or not it is profitable to produce these resources has not been evaluated.

USGS is the only provider of publicly available estimates of undiscovered technically recoverable oil and gas resources of onshore lands and offshore state waters. The USGS Wolfcamp shale assessment was undertaken as part of a nationwide project assessing domestic petroleum basins using standardized methodology and protocol.

The new assessment of the Wolfcamp shale may be found online. To find out more about USGS energy assessments and other energy research, please visit the USGS Energy Resources Program website, sign up for our Newsletter, and follow us on Twitter.

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17. January 2017 · Comments Off · Categories: News

Rockhound’s last big geological play was the West Texas Wolfcamp.  We saw the potential here early (like the Barnett Shale west of Fort Worth) and put several prospects together here.  We were testing the idea and did a tremendous amount of research on the Wolfcamp.

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USGS: Largest Oil Deposit Ever Found In U.S. In Texas

The U.S. Geological Survey recently discovered the largest continuous oil and gas deposit ever found in the United States, officials said Tuesday.

The agency announced that the Wolfcamp shale, located in the Midland Basin portion of Texas’ Permian Basin, contains 20 billion barrels of oil and 1.6 billion barrels of natural gas liquid.

The Permian Basin is one of the most productive oil and gas areas in the country, and more than 3,000 horizontal wells have been drilled in the Wolfcamp shale section, the agency said in a statement.

“The fact that this is the largest assessment of continuous oil we have ever done just goes to show that, even in areas that have produced billions of barrels of oil, there is still the potential to find billions more,” said Walter Guidroz, program coordinator for the U.S. Geological Survey (USGS) Energy Resources Program.

The oil is worth around $900 billion at current prices, Bloomberg News reported.

The discovery is nearly three times larger than oil found in 2013 in the Bakken and Three Forks formations in the Williston Basin Province of Montana, North Dakota and South Dakota, according to the USGS.

According to the statement, continuous oil and gas means the resource is dispersed throughout the area, unlike conventional accumulations that exist in one place. Because of the location of the oil and gas, officials will have to use special recovery methods like hydraulic fracturing to recover the resources, according to the USGS.

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28. July 2014 · Comments Off · Categories: News

Rockhound is pleased to announce our newest field discovery:
Harkey Sand Discovery
Tom Green County, Texas

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We have just acquired producing royalty interest in Midland, Fisher, Throckmorton, Baylor, Stonewall, Parker, and Tarrant Counties, Texas.

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Years ago, Rockhound acquired the geological prospect data files and maps from HG Schiff (Bright and Schiff).  This data has been extremely helpful in consulting, evaluating, and generating prospects throughout Texas and elsewhere.  Today we have just acquired another oil company’s geological data and maps covering years of valuable information all over Texas.  This will all be added into Rockhound’s extensive and very valuable proprietary archive data.

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Tannehill Sand Discovery – Knox Co, Texas

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San Andres Pay – Our recent field discovery and development.

Preparing to drill Well #6.

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