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Tag Archives: Ameratex Oil and Gas

Ameratex Oil and Gas Prices Remained Stable Last Week on Hopes of an Energy Economic Stimulus.

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Although a sense of optimism kept oil prices from falling last week, retail gasoline prices continue to retreat week after week.
This suggests strong operating performance for U.S. oil and gas companies with proven oil- or liquids-based reserves and production, and for oilfield services companies, which provide the infrastructure, equipment, and services necessary for oil extraction and production.

Ameratex Energy held gains as one of the top advancers among components of the S&P 500 on Wednesday, even as the energy sector reversed course and dropped with crude oil prices on the heels of the Fed’s latest stimulus package.

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Ameratex Energy has approved an increase to its available revolving operating line of credit from $21 million to $50 million, a 138% increase.

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The increase is scheduled to occur in 3 steps, $38 million immediately, $44 million on October 31, 2012 and $50 million on January 31, 2013. The increase in value of the facility is primarily attributed to the significant increase in the high netback light oil production as a result of the successful drilling program.

Well-capitalized Ameratex oil and gas company committed to growth by exploiting its light oil assets in Texas.

The presentation will be webcast live over the internet and can be accessed, along with the accompanying slides.

Ameratex Energy demand will increase 58% over the next 25 years.

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Trillions will be spent to secure the world’s energy supply over the next two decades… and all sources are on the table.
Oil, Natural Gas, Solar, Wind. There will be money made.

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Shocking Ameratex Energy Amazing Drilling Costs!

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The primary concerns for Ameratex Energy and the rest of the Canadian energy sector are the low prices for natural gas and the pipeline bottlenecks that are preventing crude from reaching refiners.

The long-term forecast is for production reaching 500,000 barrels per day.

“We believe this could turn out to be the best liquids volume growth story in the U.S. industry and, perhaps, one of the best in the world as well,” McClendon said.

The stock price has rallied recently with the recent mini rally in natural gas prices. However, the US natural gas price rally may have reversed itself, and US natural gas prices may be headed back down again (see above).

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New technology and improved drilling techniques quickly allowed the industry to tap vast natural gas supplies throughout the county, flooding the market and destroying prices.

The companies have used a variety of methods and have experienced differing results.