The Permian Basin of West Texas and New Mexico has been producing oil on a regular basis for more than 90 years.  More than 20 billion barrels have been produced during that time, representing over $2 trillion worth of oil.  The reserves are unmatched in the States with the exception of Alaska with 17 percent of all U.S. production coming from those reserves each year.  Majors such as Linn Energy LLC (NASDAQ: LINE), Concho Resources, Inc. (NYSE: CXO), Pioneer Natural Resources Co. (NYSE: PXD) and SandRidge Energy, Inc. (NYSE:SD) have all Read More

Shares of AER Energy Inc. (Pink Sheets:AERN) have been on a frantic upward pace in morning trading, after posting gains the two days prior, on fresh news that the company has successfully acquired three Oklahoma oil and gas leases from Fort Worth, Texas-based Texas Energy, Inc.  The purchase combines AER Petroleum, Inc and TX Energy’s OK O&G assets. Al Karmali, President and CEO of TX Energy, will become the President of AER Petroleum, Inc. Read More

Profire Energy, Inc. (OTCBB: PFIE) in the last month has traded down from $0.90 since the Company reported record financial results on November 14, 2011 to roughly $0.75 in the last few days. Read More

The oil and gas industry receives plenty of press on a daily basis, as commodity traders thrive on its volatility and as majors such as Exxon Mobil Corp. (NYSE: XOM) help drive the Dow Jones Industrial Average.  There is a component to the oil and gas industry that, while less publicized, plays a critical role in the safety and efficiency of oil and gas production that is garnering more industry attention.  From an investors’ standpoint, this subsector carries a larger upside than the majority of “typical” plays in the oil Read More

Nitro Petroleum (OTCBB:NTRO) reported that it has completed a transaction that added to its interest in its operated wells and reached debt settlements with its debt holders. The acquisition is being funded through 63.6 million shares from previously cancelled 100 million shares. Further Nitro provided an update on operations from its properties. Read the full press release and get NTRO stock quote.