Just outside of Rodessa is a historical marker that tells how the tiny town got its name.  The field lies atop the giant Sabine Uplift and occupies portions of Arkansas and Texas, as well as Louisiana.  The Louisiana portion of the giant oil field has produced more than 100,000,000 barrels.

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Here is another picture from downtown Oil City.

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Here’s a very interesting report on the drop in oil in storage.

Bloomberg.com: Energy

Oil exploration began in the early part of the century in northwest Louisiana.   The area is a historical treasure trove for seekers of old oilpatch lore and memorabilia.  The Oil City Museum is perhaps the best spot to begin your search.  If you’re near Shreveport, consider taking a short trip to the little town that time has forgotten and bask in a little petroleum history.

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Here is a pic taken near Trees City, Louisiana.  Hope you like it as much as I do.

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During the early days of oil exploration in northwest Louisiana, blowouts were a common occurrence.  One such blowout occurred just south of Louisiana Highway 1 near the shores of Caddo Lake.  According to witnesses, a mighty eruption of oil and gas caused the drilling rig to shake, and then begin to sink.  It soon did, completely disappearing in a circular hole in the ground.  The hole quickly filled with water, no part of the drilling rig ever recovered.

A high school friend that was into scuba diving told me that he had personally gone 100’ down in the pond without touching the mast of the drilling rig.

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The Oklahoma Geological Survey reported two earthquakes occurring today near Tinker Air Force Base and Midwest City, Oklahoma. The strongest of the two quakes reached a magnitude of 3.0 and was felt by residents and animals alike. Despite popular conception, many earthquakes occur every year in Oklahoma although none have reached the magnitudes of California earthquakes. Still, the Geological Survey says that today’s Tinker quake is the strongest felt in 30 years at this location.

Interested in geology and adventure? Read my new novel A Gathering of Diamonds and get a sweet taste of both.  Available at http://www.gondwanapress.com

Another very interesting article.

Bloomberg.com: Energy

We started the heating season with more natural gas in storage than ever, much more than 3.0 TCF.  Problem is, we haven’t had a really cold winter in 20 years.  Until this year.  Last week, the government reported draw downs of 186 BCFG.  This week is even colder.  Yes, we will get through this winter with plenty of natural gas, but here is the question.  What’s going to happen when we start the heating season without the largest surplus of natural gas in history, and the weather again turns cold.  Bad weather, and good weather, runs in cycles.  Maybe we are in for a few cold winters in a row.  Demand is obviously up.  What’s my prognosis?  Higher natural gas prices in the near future.

http://www.ericwilder.com

Bloomberg.com: Energy