Entries by Ranger Land and Minerals

Gas Price Increase – Why is the price of gas going up again?

According to AAA, the average price per gallon in Connecticut was $3.58. It was a massive gas price increase! There is more pain at the pump across Connecticut and nationwide as gas prices climb higher once again. “It sucks. It’s terrible, I hate it,” said Aiden Roche of Bristol. “Frustrating, yeah I’m not OK with it. […]

As oil nears $100 a barrel, U.S. drillers get busy in costly shale basins

As U.S. oil rises toward $100 a barrel, producers in some high-cost shale basins are buying properties and adding rigs and frack crews in places that fell silent when prices crashed early in the pandemic two years ago. U.S. drillers get busy in costly shale basins now. Benchmark U.S. prices last week topped $93 a […]

Oil Posts Its Strongest January in Decades as Market Tightens

LATEST OIL NEWS – Oil had its biggest January gain in at least 30 years as robust demand outpaced fresh supply. The global benchmark settled above $91 a barrel, posting a 17% gain this month. The combination of booming demand, scratchy supply and dwindling stockpiles has helped crude soar this month, with top banks and […]

United States Natural Gas Is No Longer Too Dirty for France

In October 2020, the French government blocked a $7 billion deal between Engie, a partially state-owned French energy enterprise, and NextDecade, a U.S. liquefied natural gas (LNG) company, because the gas was too dirty. But recently, it was revealed that a new, 11-year deal was quietly signed for that same fuel last June—this time between Engie and Cheniere Energy, […]

In Quest for Energy Independence, Mexico Is Buying a Texas Oil Refinery

DEER PARK, Texas — Two giant murals, on storage tanks at an oil refinery here, depict the rebels led by Sam Houston. They secured Texas’ independence from Mexico in the 1830s. This week those murals will become the property of the Mexican national oil company. This means acquiring full control of the refinery. Let’s talk […]

White House Helpless As Oil Prices Climb Higher

President Joe Biden announced plans to release up to 50 million barrels of oil from the strategic petroleum reserve. This is to lower retail fuel prices. Many analysts warned that any effect this move would have would be short-lived. Indeed, prices dropped for a very short. On the other hand, it is now on the […]

Oil and Natural Gas Contribute to Economic Growth

Wyoming’s economy continued to rebound in the third quarter of 2021, but its growth has slowed down. And thanks to the highest prices of oil and natural gas seen in several years, the mining industry had a relatively good quarter. On the whole, Wyoming recorded about 6,800 or 2.4% more payroll jobs in the third […]

Global Oil, Natural Gas Investments Seen Rising 4% in 2022

Global oil and gas investment is expected to grow by $26 billion this year. This is as the industry continues to recover from the worst of the coronavirus. All of this is according to a new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this […]