Links

Railroad Commission of Texas
http://www.rrc.state.tx.us/ - Railroad Commission of Texas: Texas regulatory agency, provides information about Texas Alternative Fuels, LP Gas, Natural Gas, Crude Oil, Surface Mining & Reclamation.

U.S. Department of Fossil Energy and Carbon Management
https://www.energy.gov/fecm/office-fossil-energy-and-carbon-management - The mission of the Office of Fossil Energy and Carbon Mangement is to reduce emissions from fossil energy production and use key industrial processes, while strengthening U.S. energy and critical minerals security.

Bloomberg Energy
http://www.bloomberg.com/energy/ - get updated prices and data on crude and home heating oil, gasoline, and natural gas.

NaturalGas.org
http://www.naturalgas.org/ - Naturalgas.org is presented as an educational website covering a variety of topics related to the natural gas industry. The purpose of this website is to provide visitors with a comprehensive information source for topics related to natural gas, and present an unbiased learning tool for students, teachers, industry, media, and government.

Additional Information About The Oil & Gas Industry:

The Oil & Gas Industry

The secret to asset appreciation is to buy in the path of growth.

Oil and natural gas are the most important natural resources known to mankind. For most societies in the world, oil and natural gas are the principal natural resources that fuel their economies.

Why, in this great age of communication and technology, do we need to be concerned about these natural resources? Simple. Nearly 98% of everything you have or do is in some way related to crude oil and natural gas. Heat for your home, gas for your car, 2 liter plastic bottles for pop, and petroleum jelly are just a few examples of products created from these resources.

The United States has the greatest standard of living in the world, as well as the largest economy. Why? Because we have always tried to maintain control over the supply, as well as price, of oil. Over the last 10 years, the U.S. economy has undergone the largest economic expansion in history and cheap oil has fueled this unprecedented growth. Unlike the 1970s, when the U.S. was held at bay by OPEC withholding oil production for political reasons, the growth of the oil industry during the 1990s, and beyond, will be more likely be determined by the laws of supply and demand.

As democracy and capitalism are spreading around the world, global oil consumption is at record levels. Throughout Latin America, Russia, India and Asia, economic growth is accelerating at a remarkable pace; much faster than anything we have seen in the U.S. Recently, Forbes described the development now exploding across Asia: "You can almost smell the money in Shanghai, Bangkok, Kuala Lumpau or just about any East Asian commercial center outside Japan these days. Traffic snarled, construction booming, glitzy shopping malls showing the latest Hollywood movies... These formerly traditional societies, stagnant for centuries, are exploding into the modern capitalist world and spawning vast new middle classes with a taste for consumer goods and the means to indulge that taste. Healthy economics generate great wealth, and Asia is churning out billionaires as though on a conveyor belt."

-- Forbes

In the near future, the United States will be called upon to sustain its domestic reserves while feeding a global need for oil and natural gas. Richman Oil is positioned to benefit from this growth, are you?

Common Terminology

3-D seismic - A relatively new exploration technique used in the search for oil and gas underground structures. The basic premise behind seismic is the same as ultra sound technology used in the medical field. Sound from a shot hole is recorded from geophones and interpreted to give a picture of the underlying structures within the earth. 3-D has now become a common practice to redefine and identify known as well as unknown structures. Many times these structures contain traps that hold oil and gas yet to be discovered.

BCF (billion cubic feet) - The cubic foot is a standard unit of measure for gas at atmospheric pressure.

Completed well - A well made ready to produce oil or natural gas. Completion involves cleaning out the well, running steel casing and tubing into the hole, adding permanent surface control equipment, and perforating the casing so oil or gas can flow into the well and be brought to the surface.

Cash-on-Cash Return - cash income stream produced by capital invested.

Deductions - Tax items which may be subtracted from gross income to arrive at taxable income in Federal income tax computations.

Depletion, restoration of - In federal income taxation, the adding back to income of depletion allowance taken on minerals not produced.

Development - A well drilled in an already proven natural gas or oil field.

Directional drilling - Drilling at an angle, instead of on the perpendicular, by using a whipstock to bend the pipe until it is going in the desired direction. Directional drilling is used to develop offshore leases, where it is very costly and sometimes impossible to prepare separate sites for every well; to reach oil beneath a building or some other location which cannot be drilled directly; or to control damage or as a last resort when a well has cratered. It is much more expensive than conventional drilling procedures.

Exploration - The search for oil and gas. Exploration operations include: aerial surveys, geophysical surveys, geological studies, core testing and the drilling of test wells.

Exploratory well - A well drilled to an unexplored depth or in unproven territory, either in search of a new reservoir or to extend the known limits of a field that is already partly developed.

Formation - A geological term that describes a succession of strata similar enough to form a distinctive geological unit useful for mapping or description (interchangeable with “sandsâ€