Page 14 ■ Thursday, February 9, 2012


Oil prices climb as Iran threatens


EU supply cut NEW YORK (AP) — Oil prices climbed nearly 2 percent Feb. 7 after Iran again threatened to cut off sup- plies to Europe. Iranian lawmakers are pushing a


plan to halt crude exports crude to Europe before the European Union begins an oil embargo this summer. The EU embargo is part of a broader strategy by Western nations to pres- sure Iran to abandon a nuclear pro- gram that the U.S. and other nations believe is developing weapons. On Feb. 7 benchmark U.S. crude


rose by $1.56 to $98.47 per barrel in New York. Brent crude, used to price foreign oil varieties, rose by $1.14 to $117.07 per barrel in London. U.S. oil prices had been on the


decline over the past several trading days as supplies grew at the impor- tant Midwest distribution hub in Cushing, Okla. The possibility of Iran stopping crude sales to Europe, and creating tighter supplies, boost- ed prices around the globe. Retail gasoline prices were fl at


on Feb. 7 at a national average of $3.48 per gallon, according to AAA, Wright Express and Oil Price Infor- mation Service. Prices remain at the highest levels ever for this time of year. A gallon of regular is 11 cents higher than it was a month ago and 36 cents higher than a year ago. In other energy trading, heating


oil rose 4 cents to $3.21 per gallon and gasoline futures rose by 2 cents to $2.95 per gallon. Natural gas fu- tures fell by 8 cents to $2.47 per 1,000 cubic feet.


Feb. 6, 2012


Nasdaq composite


2,901.99 -3.67


AS O N D Pct. change from previous: -0.13% Feb. 6, 2012


Standard & Poors 500


1,344.33 -0.57


AS O N D Pct. change from previous: -0.04% J


BAKKEN OPERATING COMPANIES CLOSING PRICE, MONDAY, FEB. 6, 2012


Company Name Baker Hughes


Basic Energy Services Baytex Energy Corp Berkshire Hathaway Calfrac Well Services Carbo Ceramics Inc Chesapeake Energy


Symbol Price BHI


Stock 52.09


19.14 57.24


BAS BTE


BRK-B 79.85 CFW.TO 27.22 CRR 98.85 CHK 22.65


CH Robinson Worldwide Inc CHRW 64.04 Complete Production Services CPX Concho Resources Conoco Phillips


36.20


Continental Resources Credo Petroleum


CXO 109.73 COP 71.32 CLR


80.99


Denbury DNR 19.20 Dresser Rand Group Earthstone Energy


CRED 10.70 DRC 52.32


Enbridge Energy Partners LP EEP Enerplus Resources Fund


ERF


Enterprise Products Partners LP EPD EOG Resources Inc. Exxon Mobil


HP


ESTE 16.72 31.62 23.94 50.39


GeoResources GEOI Halliburton HAL Helmerich & Payne, Inc


Kodiak Oil & Gas


MDU Resources Nabors Industries


National Oilwell Varco Newfi eld


KEG KOG


EOG 110.06 XOM 85.75 32.58 37.40 60.95


Hess HES 61.12 Key Energy


Magnum Hunter Resources MHR 6.51 Major Drilling Marathon Oil


38.80


15.35 8.79


MDI.TO 17.55 MRO 32.90 MDU 21.46 NBR 19.69 NOV 83.65 NFX


Ticker Company Name


Northern Oil & Gas Nustar Energy LP Oasis Petroleum


Occidental Petroleum Oil States International Oneok Inc


Patterson-UTI Energy, Inc. Petroleum Development Pioneer Drilling


Symbol Price NOG 25.61 NS


57.41


OAS 31.56 OXY 104.00 OIS


OKE Plains All American Pipeline PAA


Questar STR Quicksilver Resources Rosetta Resources


Schlumberger Limited SM Energy Co Statoil ASA


Stone Energy


PTEN 18.50 PETD 31.84 PDC


9.93 77.97


Precision Drilling Corporation PDS 11.06 Pure Energy (Canada) QEP Resources, Inc.


PSV.TO 8.25 QEP


29.89 19.39


KWK 5.50 ROSE 51.29 SLB


SM 74.29 STO SGY


31.34


Superior Energy Services Inc SPN 30.97 Talisman Energy TransCanada Corp


Triangle Petroleum Corporation TPLM 7.38 Unit Corp


US Energy Corp


UNT 47.91 USEG


VOG


Vanguard Natural Resources VNR 26.65 Voyager Oil and Gas


3.67 2.88


Weatherford International LTD WFT 17.81 Whiting Petroleum Company WLL 50.51 Williams Companies


WMB 29.41


Wolseley WOS.L 2288.00 WorleyParsons WOR.AX 28.57


TLM 12.71 TRP


41.59


79.64 25.94


84.91 81.73


Ticker Stock J


BAKKEN STOCK WATCH MARKET SUMMARY


2,000 2,250 2,500 2,750 3,000


High 2,903.03 Low 2,887.33


1,000 1,100 1,200 1,300 1,400


High 1,344.36 Low 1,326.21 Weekly US oil, gas rig count


down 11 to 1,997 HOUSTON (AP) — The number of rigs actively ex-


ploring for oil and natural gas in the U.S. was down 11 last week to 1,997. The Houston-based oilfi eld services company Baker


Hughes Inc. reported Feb. 3 that 1,245 rigs were explor- ing for oil and 745 for natural gas. Seven were listed as miscellaneous. A year ago last week Baker Hughes re- ported 1,739 active rigs. Of the major oil- and gas-producing states, Okla- homa gained two rigs and Colorado, North Dakota and Wyoming picked up one each. California and New Mex- ico lost one each, Texas and Alaska lost three each, and Louisiana lost seven. The rig counts in Arkansas, Penn- sylvania and West Virginia remained unchanged. The rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.


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