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When discussing the future of the oil and gas industry beyond 2024, it is important to consider the unscientific use of the propaganda term "pollutant" when referring to CO2 gas. While people often label CO2 as a "Greenhouse Gas", it's important to remember that CO2 is necessary for all plant life, and mammals exhale CO2 as a natural part of their bodily functions. Therefore, labeling CO2 as a pollutant is wrong. Do Not Comply if necessary, California government officials could be informed of these facts.


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2025.04.03 end-of-day


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Crude Oil 71.55 +0.67%
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Copper 5.02 -
2025.04.03 end-of-day » Add to your site
Natural Gas 4.05 +2.56%
WTI Crude Oil 71.55 +0.67%
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CO2?

When discussing the future of the oil and gas industry beyond 2024, it is important to consider the unscientific use of the propaganda term "pollutant" when referring to CO2 gas. While people often label CO2 as a "Greenhouse Gas", it's important to remember that CO2 is necessary for all plant life, and mammals exhale CO2 as a natural bodily function. Therefore, labeling CO2 as a pollutant is wrong. Do Not Comply if necessary, California government officials should be informed of these facts.

Oil Patch 2024

Oil Patch 2024
Oil Patch 2024

Oil Patch Nov 13, 2024

Oil Patch Nov 13, 2024
Rig 88 Nov 13, 2024

Monday, March 24, 2025

Energy Market Assessment: Needing more oil & natural gas, and a drilling boom

Energy Market Assessment: Needing more oil & natural gas, and a drilling boom.





















Monday, March 24, 2025

(Oil & Gas 360) – While prices show bearishness high, activity continues showing UP is the direction we head needing more oil & natural gas, and a drilling boom.

Worries about tariffs and that a recession is where we head is dropping stock and other prices.  Uncertainty increasing helped by tariff and Government Shut-Down fears has the NASDAQ down at 17,303.01 today (Figure 1, green line), down 10.4% year-to-date (YTD), and the S&P 500 at 5,521.52 (blue line) down 6.1% YTD.  Although the current month futures contract price for West Texas Intermediate (WTI) crude oil is below $67 per barrel, the Oil Index (XOI, red line) is up 0.5% and the Natural Gas Index (XNG, line) is up 2.5%.  Nevertheless, the Oil Service Index (OSX, bold line) down 13.6% YTD confirms the pursuit of oil and natural gas actions and expectations are extra low.

Figure 1: Stock Price Index (*) Comparisons (Indexed to 1.0 12/31/2024, last trading day of 2024)
Figure 1: Stock Price Index (*) Comparisons (Indexed to 1.0 12/31/2024, last trading day of 2024)

Although recession fears and uncertainty are high, Tuesday’s JOLT report, that 5.393 million were hired in January, highlights a growing economy.   Tuesday morning the Job Openings and Labor Turnover Summary (JOLTS) from the U.S. Bureau of Labor showed 5.393 million non-farm workers were hired in January (Figure 2, red line), 19,000 more than in December and 305,000 more than in June.  While 5.393 million is well below the levels reached following the big drop to 4.0 million with the Coronavirus Recession in April of 2020 (green dash), it is not showing decline.  It is up in economic growth territory.

Figure 2: Monthly, seasonally adjusted number of non-farm employees hired in the U.S. (Src: Bureau of Labor Statistics)
Figure 2: Monthly, seasonally adjusted number of non-farm employees hired in the U.S. (Src: Bureau of Labor Statistics)

The number of job openings also shows a growing economy.  7.740 million is the number of non-farm job openings in January (Figure 3, red line).  While that is well below the 12.0 million level reached with the recovery of The ChinaVirus = Coronavirus Recession dictated (bold dot and bold line), it is an economic growth level sustained since April.  The level sustained and it is 2.347 million (43.5%) greater than the number hired (Figure 2) confirms employers see much to be done are seeking employees.

Figure 3: Monthly, seasonally-adjusted number of non-farm jobs openings in the US at the end of the month(Src: Bureau of Labor Statistics, U.S. Dept of Labor)
Figure 3: Monthly, seasonally-adjusted number of non-farm job openings in the US at the end of the month (Src: Bureau of Labor Statistics, U.S. Dept of Labor)

Only 1.635 million workers were laid off or discharged, which is another measure that confirms that the economy is growing.  Recessions are the result of activity dropping so layoffs and discharges (Figure 4) increase.  The ChinaVirus = coronavirus recession in 2020 (blue line) had layoffs and discharges jump to 12.985 million in March and 9.170 million in April, which we do not show.  Layoffs and discharges increased to over 2.6 million with Crash 2008 (green line) and over 2.3 million with the 2001 recession (bold line).  We credit interest rates increased for the rise to 1.9 million as 2023 began (red line).  However, the economy simply slowed, it did not go into recession.  And down at 1.635 million in January, it is clearly in growth territory.   Although there is considerable concern about the government workforce being reduced, we predict notable mankind efficiency gains sustain economic growth.

Figure 4: Monthly, seasonally-adjusted number of non-farm layoffs and discharges in the US at the end of the month (Src: Bureau of Labor Statistics, U.S. Dept of Labor)
Figure 4: Monthly, seasonally-adjusted number of non-farm layoffs and discharges in the US at the end of the month (Src: Bureau of Labor Statistics, U.S. Dept of Labor)

U.S. crude oil inventory increasing since mid-January has been depressing oil prices and increasing recession fears.  As we noted in our March  7th Energy Market Assessment, the decline in U.S. commercial crude oil inventory into January (Figure 5, red line) had the spot market price of West Texas Intermediate (WTI) crude oil increase to $80 per barrel as January began.  However, the increase since has deflated the price down to around $67, encouraging recession fear.

Figure 5: U.S. Commercial Crude Oil Inventory (Src: Department of Energy)
Figure 5: U.S. Commercial Crude Oil Inventory (Src: Department of Energy)

By oilandgas360.com contributor Michael Smolinksi with Energy Directions

The views expressed in this article are solely those of the author and do not necessarily reflect the opinions of Oil & Gas 360. Please consult with a professional before making any decisions based on the information provided here. The information presented in this article is not intended as financial advice. Contact Energy Directions for the full report. Please conduct your own research before making any investment decisions.

Tuesday, March 11, 2025

Pipeline companies deliver most of the U.S. electric power sector's natural gas

Pipeline companies deliver most of the U.S. electric power sector's natural gas

 FEBRUARY 26, 2025

Pipeline companies deliver most of the U.S. electric power sector's natural gas

natural gas deliveries to each sector by distributor type

Data source: U.S. Energy Information Administration, Natural Gas Annual Respondent Query System
Note: Other includes deliveries from storage, renewable natural gas, and liquefied natural gas facilities.

According to our Natural Gas Annual Respondent Query System, 1,653 natural gas delivery companies delivered natural gas to end-use customers in 2023 in the United States. A delivery company is defined as any entity that delivers natural gas directly to end users. Natural gas deliveries by pipeline companies to the electric power sector made up the largest share of deliveries to end-use consumers, accounting for 33% of all natural gas delivered to end-use consumers in 2023. 

Pipeline companies generally deliver large volumes of natural gas to high-volume end users, accounting for most of the deliveries to industrial facilities and electric power plants. The electric power sector and industrial sector are the largest and second-largest consuming sectors, respectively. Pipeline companies delivered 75%, or 27.1 billion cubic feet per day (Bcf/d), of the natural gas used to generate electric power in the United States, and 51%, or 11.9 Bcf/d, of the natural gas used in the industrial sector in 2023. 

Conversely, local distribution companies (LDCs) are the primary providers of natural gas to homes and businesses, delivering 94% (20.3 Bcf/d) of end-use natural gas to the residential and commercial sectors. LDCs often operate networks of small pipelines that connect to homes and businesses; however, they are distinct from pipeline companies, which operate wide-diameter, high-pressure pipelines that transport large volumes of natural gas to predominantly industrial and electric facilities. Natural gas distributors operated by municipalities, referred to here as municipals, are the most common type of natural gas distributor in the United States, but they deliver relatively small volumes of end-use natural gas, accounting for only 4% of all end use. 

Natural gas consumption to generate U.S. electric power has increased significantly in recent years. Warmer weather has increased the demand for electricity for space cooling in the summer, increasing natural gas use by electricity providers. Low natural gas prices and improving efficiency from combined-cycle plants have also contributed to increased natural gas-fired power generation. As natural gas consumption in the electric power sector has increased, natural gas deliveries via pipeline companies to electric power plants have also increased, rising by 17% (3.9 Bcf/d) since 2018 and accounting for 75% of the total increase in deliveries to the electric power sector between 2018 and 2023. Pipeline companies do not typically sell natural gas to end users, but instead they deliver the natural gas on behalf of the end user in exchange for a transportation fee. 

LDCs deliver most of the natural gas consumed in the U.S. residential and commercial sectors. However, nearly half of their deliveries (47%, or 15.2 Bcf/d) go to the industrial and electric power sectors. LDCs are typically regulated by state public utility commissions, which ensure that the LDCs maintain reliability of service and stable prices for customers. LDCs receive natural gas from a pipeline near their service area and then transport it through their own network to end users.

LDCs with interstate pipelines, the least common type of distributor, deliver the most natural gas to end users per facility, at an average of 0.5 Bcf/d per facility. An LDC with interstate pipelines can have a large distribution area that sometimes spans several states and may serve millions of customers in a region. 

Municipals typically serve one specific city or town and, as a result, deliver comparatively small volumes of natural gas to end users, averaging less than 3 Bcf/d of deliveries in 2023. Despite delivering relatively small volumes of natural gas, municipals accounted for more than half of all delivery companies, numbering 886 in 2023.

More information on company-level data on natural gas distributors is available in EIA’s Natural Gas Annual Respondent Query System.

Principal contributors: Mike Kopalek, Grace Wheaton

Tags: pipelines, electricity, generation, natural gas


CCGT = combined cycle power plant.

A combined cycle power plant is an assembly of heat engines that work in tandem from the same source of heat, converting it into mechanical energy. On land, when used to make electricity the most common type is called a combined cycle gas turbine(CCGT) plant, which is a kind of gas-fired power plant. The same principle is also used for marine propulsion, where it is called a combined gas and steam (COGAS) plant. Combining two or more thermodynamic cycles improves overall efficiency, which reduces fuel costs.

https://en.wikipedia.org/wiki/Combined_cycle_power_plant

Tuesday, February 11, 2025

Tuesday, February 11, 2025, we will host a webinar for an Investor & Operations Update. 5:00 pm PST

Tuesday, February 11, 2025, it is time for a webinar for an Investor & Operations Update. 5:00 pm PST

  https://vimeo.com/1055807067/f6a1ba61bb?share=copy

2025 02 11 Lost Soldier Oil and Gas Update



February 11, end-of-day 2025


Thursday, January 16, 2025

The Pipeline Deception

Oct 9, 2024

Meet The LAFD's First Paraplegic Firefighter

Friday, January 3, 2025

Five trends that will shape oil, gas, and energy in 2025

Five trends that will shape oil, gas, and energy in 2025

 

Wednesday, December 11, 2024

2024 12 11 Rig 88 Rig Down Move Out

2024 12 11 Rig 88 Rig Down Move Out 

= R.D.M.O.

On Wednesday, December 11, 2024, at 7:52 AM, Denny Migl wrote:

Hello Everyone!

Today is Wednesday, December 11, 2024, 6:00 am MST. At report time, we are currently RDMO (“Rig Down Move Out”) Rig 88.
Moving Rig 88 from the Found Soldier Federal #1 location to the Jeffrey City yard (≈12 miles) takes between 60 and 70 truckloads to move a rig this size off location.

Yesterday, Jacek recorded one final video of the rig move.
The first part of the video is a time-lapse recording of many of the rig's pieces and parts that must be disassembled and readied for trucking.
The second part of the video features Earl Sanford, Vice President of Lost Soldier Drilling LLC, with a brief summary of what we have “found” on the Found Soldier Federal #1.
Some encouraging words, indeed!






The video concludes with a time-lapse lowering of the derrick – quite impressive!



Y’all have a Merry Christmas and a Blessed holiday season!!
Please remember the reason for the season.

Till we meet again……………….

Enjoy!!

 

2024 12 11   https://vimeo.com/1038033253/1835bfed10?share=copy

2024 12 11 Rig 88 Rig Down Move Out

 

 

Denny Migl, P.E.

Lost Soldier Oil and Gas LLC

Registered Professional Engineer

Petroleum and Natural Gas



Monday, December 9, 2024

Subject: Found Soldier Federal #1 - FINAL REPORT

Hello Everyone!

Steve Richards wanted me to forward his email below to all Investors and video recipients…

 


Subject: RE: Found Soldier Federal #1 - FINAL REPORT

 

To all our investors and video recipients:

Firstly, I’d like to thank Denny Migl for putting these daily reports together every day;  rain, snow, or shine!  I think you will agree that his reports have kept us all up to date on operations in a way that few people outside the industry can see.  The videos filmed by Jacek Bogucki have been excellent, and clearly explain operations in a way words alone could never do, thank you, Jacek.  I also think everyone can get a sense of our excitement to drill these wells and see the results of our efforts to gain the energy that our society needs to maintain our modern way of life.

To all of you, on behalf of the management team here at Lost Soldier Oil and Gas, I’d like to wish everyone a very Happy Christmas and best wishes for 2025.  May the new year bring all of us health, safety, and prosperity in the year ahead.  Thank you again for your confidence in Lost Soldier Oil and Gas.
 
Yours very truly,
Steve Richards

 

 



JS (Steve) Richards

President, Lost Soldier Oil and Gas LLC. 

https://www.lsogllc.com

 

Mobile: 720-412-0163 

Email: s.richards@lsogllc.com 

2 Inverness Dr East, Suite 103

Englewood, CO 80112-5508

 

 

 

 


Subject: Found Soldier Federal #1 - FINAL REPORT

 

Good Morning Everyone!
Today is Monday, December 9, 2024, 6:00 am MST. At report time, we are currently RDMO (“Rig Down Move Out”) Rig 88.
Yesterday, we ND (“Nipple Down”) the BOP stack and NU (“Nipple Up”) the wellhead.
This doesn’t sound like much until you actually see the nuts and bolts of what these rig hands do.
Please refer to the two attached pictures.
The red flange on top is what we call a “blind” flange since the well has not been completed. It is only temporary.
Right below blind flange is the C Section, here, the 4½” production casing is seated and hung off.
Right below C Section is the B Section, here, the 7” intermediate casing is seated and hung off.
Below the B Section is the bradenhead which is welded onto the 9 5/8” surface casing. It is barely visible at the bottom of the stack.
All of the wellhead components shown in the pictures are rated to 10,000 psi working pressure.
They are held together with (16), one foot long, 1½” diameter bolts, each one with a nut on top and bottom.
It takes almost 8 hours for 2 to 4 hands to “NU the wellhead” in 25⁰F weather.
Current plans are:
  1. Haul off mud and clean pits.
  1. RDMO Rig 88 to Jeffrey City yard.

Well, folks, that’s about it!
This will be the FINAL REPORT for the well!
We have had our ups and downs during the well, but we have gained some very valuable information along the way that will be of great benefit in upcoming wells.
We have gained some very encouraging data from the Shannon 5 and also what appears to be a new productive zone in the Shannon 1 section!
Will spend the winter researching the data from the rotary sidewall cores and evaluating the open hole logs to optimize future development plans in 2025 and beyond.


Y’all have a Merry Christmas and a Blessed holiday season!!
Please remember the reason for the season.
 
Enjoy!!
 
P.S. Jacek may have a video forthcoming when the derrick is lowered………..we’ll see.
 

 

Denny Migl, P.E.

Lost Soldier Oil and Gas LLC

Registered Professional Engineer

Petroleum and Natural Gas

d.migl@lsogllc.com

(303) 525-3100 cell



Welcome to Lost Soldier Oil and Gas –
Your Partner in Responsible Energy Development and Land Stewardship 

At Lost Soldier Oil and Gas, we proudly undertake the crucial task of conscientiously developing oil and gas minerals in Wyoming’s Bison Basin. Our commitment, however, goes beyond becoming a major supplier of America's energy needs. We also recognize the paramount importance of safeguarding the land's surface, since much of our minerals are on public lands, home to grazing cattle, elk, antelope, and wild mustangs.
Lost Soldier Oil and Gas takes pride in its dual role – helping foster both the oil and gas industry's and the region's economic growth, while ensuring the welfare of our public lands. Join us on our journey of responsible development and sustainable land management.

Thus, our dedication extends not only to the oil and gas sector, but also to the preservation of the area's environment. This year, as we become the operator of the Wild Mustang Federal Unit, we become stewards of these lands, and we understand the significance of maintaining a delicate balance. Consequently, as we work to develop the Bison Basin's immense potential, and therefore ensure a thriving local economy, we have also assumed the responsibility of protecting the area’s ecosystem.

Energy Market Assessment: Needing more oil & natural gas, and a drilling boom

Energy Market Assessment: Needing more oil & natural gas, and a drilling boom. Monday, March 24, 2025 Article - Here March 19, 2025 dril...