Producing oil and natural gas in Kentucky and Tennessee
Signature Oil Corporation, a Lexington, KY based oil and gas exploration
company, is having tremendous success drillling in Fentress, Pickett
and Overton counties in Tennesseee, and Knox and Laurel counties
in Kentucky.
Signature currently has acquired rights to drill on nearly 7,000
acres in Knox and Laurel counties in Kentucky, with more than 30
productive wells in an operational field.
With the increasing demand for natural gas, Signature Oil is poised
to take advantage of the rich natural resources of the area.
For more information, please contact Signature Oil at 800-278-6164
or send an email to info@signatureoil.com.
| What does the future hold for
energy? |
- SPECIAL REPORT: Oil market heading for surprises
in ’08
This year the oil market will see a few surprises. Commodity
price volatility will continue, but it will moderate, and
prices will move lower.
The US economy will grow at a much slower pace than during
2007, and there is still some risk of entering a recession
this year. That risk is abated, though, by the strength
of US exports. The weak dollar relative to other major currencies
will drive strong export demand this year.
As motor gasoline prices decline, gasoline consumption will
strengthen again following 2 years of flat demand. Demand
growth will be muted, though, as inflation across consumer
spending dents personal spending power.
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HERE to read the rest of this article from the Oil &
Gas Journal
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- Global oil markets will likely remain tight through 2008,
then ease moderately in 2009. EIA projects that world oil
demand will continue to grow faster than oil supply outside
of the Organization of the Petroleum Exporting Countries
(OPEC) in 2008, leaving OPEC and inventories to offset the
upward pressure on prices. In 2009, higher non-OPEC production
and planned additions to OPEC capacity should relieve some
of the tightness in the market. As a result, the level of
surplus production capacity is projected to grow from its
current level of under 2 million barrels per day (bbl/d)
to more than 4 million bbl/d by the end of 2009.
- The West Texas Intermediate (WTI) crude oil spot price
approached $100 per barrel twice over the last 6 weeks,
reaching $99.16 per barrel on November 20 and $99.64 per
barrel, a record price in nominal terms, on January 2, after
falling below $90 in mid-December. Recent high prices and
large price swings reflect the current tight and volatile
world crude oil market. The WTI price is expected to average
$94 per barrel in January 2008. The WTI price, which averaged
$72 per barrel in 2007, is expected to average about $87
per barrel in 2008 and $82 in 2009.
- Retail prices for petroleum products are expected to increase
in 2008, pushed up by the higher average crude oil prices.
Both motor gasoline and diesel prices are projected to average
over $3 per gallon in 2008 and 2009, with monthly average
gasoline prices peaking near $3.50 per gallon this spring.
- The Henry Hub natural gas spot price averaged $7.17 per
thousand cubic feet (mcf) in 2007 and is expected to average
$7.78 per mcf in 2008 and $7.92 per mcf in 2009.
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Signature Oil Corporation
3101 Clays Mill Rd., Suite 201 .. Lexington, KY 40503
859-224-0501 .. fax 859-224-0502 ..
info@signatureoil.com
This web site and its contents should not be construed
as investment advice or an offer to buy or sell securities. Investments
in oil and gas drilling projects are highly speculative, involve
a high degree of risk and immediate substantial dilution, and should
only be considered by accredited investors who fully understand
the risks involved and can afford to lose their entire investment.
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Read what the IOGCC has to say about the future of the Appalachian Basin