BP is moving to export crude oil from the United States, but doing so in a way that avoids violating the export ban. It has agreed to take 80% of the capacity coming from a small refinery under construction in Houston. The $360 million facility to be operated by Kinder Morgan would partially refine the oil, just enough to be categorized as a refined petroleum product, rather than crude oil. The U.S. has maintained an export ban on crude oil for 41 years, dating back to the 1973 oil embargo. The ban was intended to insulate the U.S. from price spikes and supply shortages.
OxySure is doing some really neat stuff with the military, including working with the Navy on an emergency escape breathing device (EEBD) and with the SEAL team on providing oxygen for high-altitude HALO / HAHO jumps. The company is also working on a device for Navy and Air Force pilot's ejection seats. OxySure is branching out beyond just first-aid devices like the Model 615, and we do not think investors have come to grips with the potential for smaller, more compact devices for battlefield use being developed right now by the company.
Oil and gas production has been seriously ramping up in the United States. It's been a well-publicized trend, and for good reason. The United States is truly seeing a modern-day energy revolution unfold, much of which is due to the massive Permian Basin. That formation is seeing growth rates in production that exceed the overall production growth rates in the U.S., which proves what a powerful resource the region truly is.
Not surprisingly, a slew of U.S. energy companies are lining up to stake their claims in the Permian Basin, and should profit from that strategy for years to come.
Doubling down on the Permian Basin
Of the major areas of production in the United States, the EIA specifically cites the Permian Basin as a primary contributor. That's because the Permian Basin, which stretches across west Texas and New Mexico, includes a variety of thick, overlapping formations. This means that the Permian Basin holds several formations that are stacked right on top of one another. This allows for several horizontal wells to be drilled from the same location that can target the different formations at once.
These new horizontal drilling techniques are a boon for companies like Pioneer Natural Resources, Occidental Petroleum, and Apache Corp.
NEW YORK--U.S. oil prices leapt back above $100 a barrel Wednesday as a government report showed a drop in stockpiles at the nation's largest crude-oil storage facility.
The conversion of $967,609 in debt to common stock, combined with the addition of $750,000 in equity effectively means approximately $1,717,609 is added directly to the stockholder equity line on the balance sheet. This is significant because stockholder equity is a key criterion for uplisting to a more senior exchange, such as OTCQX, Nasdaq or NYSE.
OxySure will present at the SeeThruEquity Microcap Investor Conference on Thursday, February 6, 2014 at 2:30 pm EST. The Conference will be held at Convene Midtown East (730 Third Avenue) in midtown Manhattan, New York.
Near the only four-way stoplight in Nixon, Texas, smoke rises off a pilot flare at the Blue Dolphin Energy Co. (BDCO) refinery that had sat cold for two decades.
the Company will host a conference call to update shareholders and other interested parties on Tuesday, February 4, 2014 at 10:30 a.m. Central Time - 11:30 a.m. Eastern Time.
Due Declining production and soaring expenses for mega-projects around the globe.
“The majors remain growth-challenged given they are so big already,” said Brian M. Youngberg, a senior energy analyst at Edward Jones. He noted that Exxon Mobil’s production had declined in seven of the last eight quarters, adding, “The company continues to struggle to grow production.”
S&P Capital IQ announced today that it has commenced Standard & Poor's Factual Stock Report coverage on OxySure Systems, Inc.
S&P Capital IQ, a part of McGraw Hill Financial, is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world.
Chinese shale formations are much deeper than those in the U.S. and most are in remote areas that lack water and infrastructure. Because hydraulic fracturing requires millions of gallons of water per well, this is a real problem. However, oil-field service companies like Halliburton and Baker Hughes could turn out to hold the keys to that problem. Both are working on water recycling technologies that could alleviate some of the water problems.
Halliburton will soon be running a test program in the Bakken Shale of North Dakota on its H2O Forward service. The project will use recycled flowback fluid and produced water to frack wells. If successful this service could be used in other basins as well as eventually exported to places like China. Meanwhile, Baker Hughes is working on its own solution called H2prO.
Despite slow job growth for the country as a whole, the oil industry is aggressively hiring in North Dakota, according to Rapid Drilling.
In most of the country, unemployment numbers are inching down, slowly but surely as the economy trudges its way back towards adequacy. In one sector, however, job growth is astounding: the most recent energy boom has created a slew of job opportunities in states where drilling is taking place. One such region is North Dakota, which has surged to become the nation's second largest producer of crude oil.
Even mid-sized companies in the Bakken shale are looking to make dozens of hires. One larger outfit, Power Fuels, a subsidiary of Nuverra Environmental Solutions, put out a call over the holidays that it was looking to hire 300 employees in the next few months.
Not only are there more jobs for drilling fluid specialists who are able to extract oil from geographic formations, there are also a slew of positions on the production side. There has been a huge increase in demand for wellhead pumpers (399 percent over last year) and well operators. In addition, companies are looking to more than double the number of service unit employees that they currently have on board.
According to Cindy Sanford, the customer service manager at a firm that provides employment services, these aren't simply entry-level positions for people who don't have anything better to do. Instead, they are best suited for mechanically skilled laborers with strong driving records and who are looking for long term growth opportunities. As the workforces continue to get bigger, there will not only be a need for more employees but also for more managers as well. This growth pattern suggests that there are real advancement opportunities in the field, and that the strong jobs report is likely to sustain over the long haul.
FRISCO, Texas, January 9, 2014 -- OxySure, a medical device innovator of life-saving, easy-to-use emergency oxygen solutions with its "oxygen from powder" technology, today announced that its CEO Mr. Julian T. Ross will attend the 32nd Annual J.P. Morgan Healthcare Conference on January 13–16, 2014 at the Westin St. Francis in San Francisco to hold discussions with industry leaders regarding the potential of mass deployment of innovative, non-compressed and safe emergency oxygen solutions to lay rescuer markets.
The J.P. Morgan HealthCare Conference brings together industry leaders, financial sponsors and investors to explore innovation, markets and trends in the medical technology and healthcare industries.
BISMARCK, N.D. — One company in the Bakken wants to hire 300 employees by spring.
Oil-related companies in North Dakota’s oil patch are on hiring blitzes as work shifts from exploration to production.
Power Fuels, a subsidiary of Nuverra Environmental Solutions and one of the largest oil field service companies in the Bakken, put out its call for 300 new employees going into the holidays.
“We’re excited to significantly boost our employee base in response to the growing demand among energy industry customers for our services,” said Mark Johnsrud, Nuverra’s chief executive officer, in a statement.
Jan 6, 2014 8:26 AM | about stocks: NES, XOM
If the world is serious about dealing with energy concerns, then there is potential for companies which provide environmental solutions. Nuverra Environmental Solutions, Inc. (NYSE: NES) is one of the companies in the environmental enhancement business that seems to have a solid business model. As such, it's worthwhile for investors to consider the company.
FRISCO, Texas, Jan. 2, 2014
OxySure, a medical device innovator of life-saving, easy-to-use emergency oxygen solutions with its "oxygen from powder" technology, today announced that it has closed a $750,000 private placement with accredited institutional investors.
FRISCO, TX--(Marketwired - December 18, 2013) - OxySure, a medical device innovator of life-saving, easy-to-use emergency oxygen solutions with its "oxygen from powder" technology, today announced that Pacific Medical Systems, Ltd. has signed an agreement to be the Company's exclusive distributor for OxySure's products in Hong Kong and Macau.
Based in North Point, Hong Kong, Pacific Medical Systems focuses on the marketing, sales and after sales support of innovative medical products in the Asia Pacific region. Members of the Pacific team are highly skillful and experienced professionals with track records from multinational companies in the medical field.
The distribution agreement between the Company and Pacific is for an initial term of three years, renewable thereafter. The minimum sales order commitment required by the agreement comprises a total of 11,800 units of the OxySure Model 615 and OxySure Replacement Cartridges over the initial three year period.