Wednesday, July 17, 2013

Prodigy Oil and Gas| Importance of Petroleum

Importance of Petroleum
Petroleum is crying needed thing in this time. We are dependent to petroleum but only a few resources we have, where we find petroleum. We know that it is a kind of fossil fuel. But it has another name, which is called crude oil. Naturally, crude oil or petroleum are created by millions year’s old dead animals and plants. Most of the time we found petroleum resources under the sea, because there are tons of animals and trees are growing under sea and they died here reasonably. These dead bodies and plants aren’t touched by anyone ever and there are too much heat and pressure under the sea beach. So, after millions of year they are changed to fossil fuel. As it created by thousands year you can’t renew it again.

But the most astonishing news is these petroleum resources are still live. Scientists say that most of the oil resources are four hundred million years old where our world is four billion years old. They also say that the dinosaurs are removed from the earth more than two hundred and forty eight million years ago. Actually petroleum is a mixture of hydrogen butanes and olefin that is a powerful material to make petroleum. 

Petroleum is only when it is outside of ground level. When it is outside of the ground level, it could be sized by anything. Sometimes it is like water, sometimes tar etc. Scientist couldn’t say anything about a hidden resource of petroleum that actually what it looks. It always varies from place to place, time to time. Clear crude oils are defined by scientist as a light crude oil. The other crude oils are so dark and solid.

So, that’s the importance of petroleum. Hope to share with you more in future. You can also visit our slideshare page to know about prodigy oil and gas. Thank you.

Monday, May 13, 2013

Prodigy Oil and Gas | US Land Drilling is Surging

Because of continuous fluctuations of share market and increasing tax rate imposed by government, investors are now very much interested to invest their capital in hard assets producing sectors like oil and gas drilling investments. The US Energy Department has already declared that the average production of crude and other liquid hydrocarbons will be 11.4 million barrels per day in 2013 whereas Saudi Arabia, largest oil producers in the world, produces 11.6 million barrels per day. The rate is increasing day by day mainly because of a surge in private land based drilling ventures.

Many of these interested investors like to make partnership with small land based drilling companies like Prodigy Oil and Gas, located in Texas, because of their lower drilling costs and more favorable tax redemption as compared to large companies. In October, 2012- CBS news published an article regarding this surge in producing oil. That article’s name was “U.S. may soon become world’s top oil producer”.  It looks like inherent and experienced investors are gradually shifting to oil and gas drilling investments in 2013.

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Prodigy Oil and Gas | Oil and the Environment

There are various kinds of petroleum products like fertilizers, medicine etc. All these petroleum products are continuously helping people all over the world. But there are plenty of risks involved with the production and use of petroleum production. Even tremendous environmental pollution can result in if petroleum products are not handled properly. If drilling is not carefully monitored, it will hamper ocean environments and fragile land. 

Moreover, oil transportation should be made with huge precautions because if oil is spilled into rivers or oceans, it will endanger wildlife. When we burn gasoline to fuel our car, it also pollutes the air. In addition, the careless disposal of motor oil drained from the motor car also pollutes rivers and streams.

Because of these threat, some drilling companies like Prodigy Oil and Gas, work really hard to keep the environment clean and healthy. These companies burn diesel fuel and gasoline to burn more precisely and do everything they can to drill, process, and transport oil and its products as safely as possible.

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Sunday, May 12, 2013

Prodigy Oil and Gas| How to capitalize on rising fuel costs?

Prodigy Oil and Gas

How to capitalize on rising fuel costs?

Natural gas prices rose 3.6% for the front-month contract March 14th 2013 in the NY futures market and crude rose 0.6%.   This was caused by a rapid decline in US natural gas storage levels.  With uncertainty in the world markets and extended cold spells, it seems we can expect more of the same.
On the good side are investors of independent drillers and mega corporations like Shell and others. Oil and gas drilling seems to be a safe haven for the savvy investor and could likely bring larger than expected returns.  US oil production is on the rise and a part of this can be attributed to the smaller independent drillers like Preston Energy, Inc. in Dallas, TX.  Independent drillers offer the individual investor an avenue to capture these gains in oil and gas markets with the added benefit of very generous tax deductions.
For the investor who is looking for the potential for short and long term gains in oil and gas, these types of independent drillers are gold mines or rather better then gold mines.  Oil and gas use is on the rise, storage is low and long extended cold spells just seem to be fueling the flames.

Prodigy Oil and Gas | Return of Prodigy oil.

Those who invest in oil and gas drilling ventures may do so for the tax benefits or potential of incredibly high returns on their investment. Preston Energy’s joint ventures are structured to reduce the overall tax burden of its accredited investors by utilizing the exceptional tax benefits available to these types of investments.

The returns on an oil drilling investment can be incredibly high, with both short-term and long-term payouts. It is easier than ever to predict whether or not a well will have production capability due to advances in technology and since we drill in areas of shallower depths, the cost of drilling is considerably less than the cost of deep, vertical wells.  Striking it rich in oil is not really about luck but rather about the experience of the company that’s drilling the well.

Saturday, May 11, 2013

Prodigy Oil And Gas | Invest in Prodigy Oil and Gas

Want to invest in Prodigy oil and gas? Not sure, how? Then, continue to read this article about Beginner’s Tip on Oil and Gas Investments  for beginner’s tip. You can also visit Prodigy Oil and Gas for more information.
Understand the type of Oil and Gas Industry
Remember, there are oil and gas companies out there that barely involve in actual drilling rather more interested to raise funds and then invest in drilling companies. There are also some companies that actually done the drilling and they raise their funds on their own as well.
When you are ready to invest ask them simple questions if they do the drilling as well or is there a 3rd party involve. There is always track record available that shows how they are doing. For instance, you should be able to find an area by state and zip, and by contacting local County or government about the drilling took effect and the result of that drilling.
Understand the Well
Remember, the drilling company often hits dry well and this is a common investment loss. By looking at the zone and track record, it will help you to understand in-depth. If the drilling is first time in an area that was never explored before, obviously risk factor is higher. Then there are area or zone that probably been explored as much as 20 to 30 times. There are still risk of hitting a dry zone due to low land. If you pour some oil in a bucket of water, oil will always float as you
Know. Same case here for well. If the bed rock is not flat, and if there un even bed rock or a slope that goes up and down, if the drilling hits at the peak there are chances that it will oil where if the drilling hits in a down slope or under the low area, chances are it might be just water which will turn to a dry hole.
Please come visit us more often as we will continue to write for Oil and Gas Industries.

Saturday, April 27, 2013

Prodigy oil and gas | Test Result on Duke II Prodigy Oil and Gas

Prodigy oil and gas.
Valued Partners,
   We are very pleased to formally announce the official test results on  Duke II (Haggard A) well, the testing of this well has been performed by FESCO Petroleum Engineering Services. Please review the attached flow back report. In the final hour of the test the Haggard A maintained a Flowing Tubing Pressure (FTP) of 640 psi on a 22/64” Choke, 1098 MCFD. And produced 6.8 BO hourly with a minimal .3 BOW hourly, multiplied by 24 hours is 163 BOPD and 7.2 BOWPD. Once again we thank our partners for standing firm with us as we have waited a very long time to get this well stimulated and placed on line.
All the Best,

Prodigy Oil & Gas | Partners of Prodigy Oil and Gas

Prodigy Oil & Gas and Partners

Prodigy Oil & Gas and Partners
B. J. Montgomery Well #1
Big Cypress Prospect
Marion County, Texas Prodigy Oil and Gas reports that drilling on the B.J. Montgomery Well #1 is on schedule to reach the expected 10,500’total depth. As we continue to drill to our TD, we will pass through the Rodessa Lime, Pettet Lime and Travis Peak Sands. These formations could yield as much as 2.5-3.5 MMCFGPD and
25-35 BOPD.
Safe Harbor
Certain statements in this press release regarding strategic plans, expectations and objectives for future operations or results are “forward-looking statements” as defined by the Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Prodigy Oil and Gas (the Company) expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements, including the risks discussed in the Company’s filings with the Securities and Exchange Commission.

Factors that could cause differences include, but are not limited to, history of losses; speculative nature of oil and natural gas exploration; substantial capital requirements and ability to access additional capital; ability to meet the drilling schedule; changes in tax regulations applicable to the oil and natural gas industry; results of acquisitions; Diesel as a transportation fuel; relationships with partners and service providers; ability to acquire additional leasehold interests or other oil and natural gas properties; defects in title to the Company’s oil and natural gas interests; ability to manage growth in the Company’s business; ability to control properties that the Company does not operate; lack of diversification; competition in the oil and natural gas industry; global financial conditions; oil and natural gas realized prices; ability to market and distribute oil and natural gas produced; seasonal weather conditions; government regulation of the oil and natural gas industry, including potential regulations affecting hydraulic fracturing and environmental regulations such as climate change regulations; uninsured or under insured risks; and material weakness in internal accounting controls.

The forward-looking statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. Prodigy Oil and gas authority does not undertake any obligation to update the forward-looking statements as a result of new information, future events or otherwise.

Wednesday, April 24, 2013

Prodigy oil and gas | price hiking of Prodigy oil and gas

Prodigy Oil and Gas

According to the U.S. Energy Information Administration (EIA), during November and December of 2012, the average daily crude oil production for the United States hit a 20 year high. It is too much than normal rate. We should find out the reason of this price-hiking of Oil and Gas.

The increased output from states such as Texas, Oklahoma and North Dakota, to name a few, helped push the daily production to more than 7 million barrels per day, which is the highest mark since December 1992.

Industry groups, as well as congressional Republicans, have asked President Obama to open more federal lands to oil-and-gas development. They are claiming that by doing so it would enhance federal revenues while also encouraging economic growth.

The groups point out that most of the nations oil and gas boom has been occurring on private and state lands, giving places like North Dakota, Texas and Oklahoma an economic boost. The governor of these cities are concerned now about this issue. You can know more about oil and gas from here.

They also have pointed out examples like North Dakota’s Bakken formation as a reason to expand drilling access on federal lands as well as Oklahoma’s Osage County as an example of expansion in private lands.
However, at this point, Obama has said oil-and-gas production already is rising under his watch, and has given no indication that he plans to open more federal lands for drilling.

The groups continue to explain that by opening up both federal and private lands to drilling, Texas and North Dakota increased oil production considerably in recent years. In 2009, Texas and North Dakota combined to produce less than 24% of America’s domestic crude oil. By December 2012 if you considered those two states a country, they would have been the 9th largest producer of oil in the world. They now produce 42% and 43% of the United States crude oil.

While Obama is correct, oil-and-gas production has risen recently, the groups argue that for the economy to feel any real economic boon, the trend must continue and the bottom line is that significant increases in oil-and-gas production will deliver a powerful economic stimulus to the US economy by bringing; a) thousands of new shovel ready jobs to the states such as North Dakota, Texas and Oklahoma, b) billions of dollars in new investments to those states, and c) billions of dollars in royalty payments to private landowners.

To accomplish this though, the groups feel that the “handcuffs” need to be relaxed or removed by the current administration, which so far has been reluctant to do so.
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Sunday, April 21, 2013

Prodigy oil and gas | Oil Prices Rise In Relation To Global Tension

Prodigy Oil and Gas

Historically oil prices trend upward with rising tensions among oil rich nations.  Obviously with today’s escalation around the globe including Russia, Saudi Arabia, United States and Iran, the top four oil producing countries in the world, oil seems to have the potential to hit all time highs.
Instead of going crazy fretting over high gasoline prices, why shouldn’t we invest enough in oil companies to hedge like the big boys do? If oil rises, we profit enough to fill our tanks. If prices fall, we lose on our stock, but we benefit by cheaper gas at the pump. Why curse Big Oil’s “obscene profits” when you can participate?

Kevin P., Blue Springs, Mo.
Some choose to invest in the stock market to capitalize on these market gains. But if you’re looking for a monthly income stream with the added benefit of exceptional tax benefits, then investing directly with small drilling companies is clearly the better choice.  Investing in oil will aid in offsetting the harmful effects of rising inflation and higher unemployment.