Continued Oil Discoveries Creates Business and Market Momentum for this Small Cap Company

Momentum is described in the dictionary, “as the amount of motion occurring in something that is moving, or the force that drives something forward to keep it moving”.  Momentum seems to be what Petro River Oil (PTRC) is experiencing now.  They have announced a third well to be drilled in as many weeks with success …

OPEC Agreement Adds To ‘Trump Rally’

Oil prices soared nearly 10% on news that OPEC has reached a much anticipated agreement to reduce output by 1.2M barrels per day, bringing the total daily production to 32.5M bpd. The agreement, which was announced Wednesday at 11:00am EST, is contingent on a reduction of production by 600,000 bpd from non-OPEC countries, with Russia …

This Oil Company Goes Old-School, Shuns Shale

In an era of shale, Petro River Oil (PTRC) is going old-school. The shale revolution has been the driving force behind America’s resurgence as a leading oil producer. However, given the costly nature of shale projects, Petro River has shunned them. Instead, the New York-based company targets conventional oil that can turn a profit no …

Northern Ireland—The Last Great Frontier?

Europe’s Carboniferous basins have long been prolific sources of hydrocarbons and characterize many of the fields in and around the North Sea. But one of these basins is virtually overlooked. The Larne Basin in Northern Ireland is a classic Carboniferous basin that has remained unexplored for a couple of reasons. Firstly, historical “troubles” in Northern Ireland deterred the oil companies who were …

How a risky move paid off for this N.Y.C. investor and oil boss

When other major players in the oil-and-gas industry zigged, Scot Cohen zagged. Unconventional drilling, such as fracking across shale plays, has become the popular route for most energy explorers in recent years. Cohen, however, did the opposite: the New York-based investor has put his money into straight conventional drilling using 3D-seismic geology. The decision was …

Valero crude oil gets another shot at NorCal railways

BENICIA, Calif. (KCRA) —Crude oil traveling through Northern California is getting another chance of becoming a reality as an oil company offers a new proposal to the Benicia City Council. Valero wants two 50-car trains to transport tens of thousands of barrels of crude oil daily to its refinery in Benicia, passing through cities like …