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US Oil Production Achieves 15 Year High: [phone]

According to the U.S. Energy Information Administration (EIA), domestic crude oil production in September reached the highest monthly output since 1998. 

Horizontal drilling and improvements in hydraulic fracturing, more popularly known as “fracking,” are the driving forces behind this growth according to EIA data.

The IEA also found that oil production yielded 6.5 million barrels per day in September. This represents an increase of over 900,000 barrels per day compared to September 2011 figures. Industry officials and lawmakers have lauded fracking and the shale boom for ushering in an era of greater self-sufficiency. This technique helped the United States become a net oil exporter in 2011 for the first time since 1949. The practice has created significant energy booms in states like North Dakota and Texas, which have sizeable deposits of shale oil and gas.  Furthermore, Texas and North Dakota states experienced the largest spikes in oil production this year.

According to the EIA forecasts, crude oil will average an annual growth rate of 234 thousand barrels per day through 2019, and reach a production level of 7.5 million barrels per day. However, the EIA predicts that production will begin to decline gradually to 6.1 million barrels per day in 2040 as producers develop sweet spots first and begin moving to less productive or less profitable drilling areas. TAP Management is proud to be a part of the increased domestic production deriving from shale and other tight formations. By working closely with private land-owners, the industry can provide more stabilized energy prices for consumers and businesses. To become part of an industry that is ensuring economic stability and better living conditions for Americans, contact us at [phone] to hear about our oil and gas venture opportunities.

TAP Management Inc.  |  515 Congress Avenue, Suite 2525  |  Austin, TX  |  [phone]

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Experts Predict Decade-Long Oil Production Surge: [phone]

After decades of production declines, the United States experienced its third consecutive year of production growth in 2011.

Energy officials are forecasting oil output levels to grow by 74 percent over the next 10 years. Advances in hydraulic fracturing and oil production in the United States’ largest shale formations are the primary reasons for the expected growth.

Bentek Energy predicts that waterborne imports will fall from 6.7 million barrels per day in 2011 to less than 1 million barrels per day in 2022.

Jodi Quinnell, Bentek’s oil analysis manager, stated “We foresee a massive displacement of traditional waterborne oil imports to the United States by 2022, taking them from 45 percent of U.S. total crude supply to no more than 5 percent.”

Other analysts, such as Citigroup, are anticipating a continued growth in domestic oil production in the upcoming years. Those expecting this production trend to continue attribute their findings to the development of the United States largest shale formations. 

These projections do not take into account the potential impact the proposed offshore drilling lease schedule could have on oil output levels within the next 10 years.

Considering these projections and the focus on domestic energy independence, TAP Management and other oil and gas producers are excited about a brighter future for Americans.

Contact us at [phone] to become a part of this boom, or to request information about TAP Management’s investment opportunities.

TAP Management Inc.  |  515 Congress Avenue, Suite 2525  |  Austin, TX  |  [phone]

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Save Our Economy by Investing in Oil and Gas [phone]

Information from the World Economic Forum suggests that a robust energy sector greatly influences economic growth and recovery. The oil and natural gas boom in Texas and North Dakota is a perfect example of this correlation.

The shale oil and gas boom in Texas has helped increase state tax revenues by 13.4 percent. Despite predictions that the state would have a dismal financial year, Texas collected more than $44 billion in revenue last year – $3.7 billion more than officials had anticipated. 

North Dakota’s booming oil and gas production has increased the state’s population to record high levels. Furthermore, the state’s unemployment rate is the lowest in the nation and wages throughout the state are significantly higher than the national average. Because of this, the energy boom has made North Dakota the strongest housing market in the United States.

Other oil and natural gas producing states are also experiencing economic growth. Both Alaska and Louisiana have recovered and surpassed the total number of jobs they had prior to the recession. Arizona, Florida, Michigan and Nevada are all 9 percent or further from achieving similar success. Meanwhile, less fortunate states that do not have a booming energy sector are still facing stale job creation and problems stemming from the housing market.

The economic successes of Texas, North Dakota and other oil and natural gas producing states illustrates the prosperity our nation can achieve by increasing the domestic production of oil and natural gas. Because of this, TAP Management and other independent oil and natural gas producers encourage citizens and political officials to embrace the economic model of these states in order to ensure the recovery of our nation.

Contact us at [phone] to learn more about TAP Management’s mission or to hear about our investment opportunities.

TAP Management Inc.  |  515 Congress Avenue, Suite 2525  |  Austin, TX  |  [phone]

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Investing in Oil Means Investing in Your Nation [phone]

According to the U.S. Census Bureau, petroleum imports account for over 50 percent of the U.S. trade deficit.

This is just one of many reasons that TAP Management and other domestic oil producers are determined to reduce our nation's dependence on foreign oil. Contact us at [phone] to hear more about our company.

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Why You Should Invest in Oil and Gas [phone]

Information from the World Economic Forum suggests that a strong energy sector has a great deal of influence on economic growth and recovery. The robust oil and gas boom in Texas and North Dakota is a perfect example of this correlation.

Oil production in Texas exceeded 1.8 million barrels per dayin both April and May. This is the highest output level the state has achieved in over 20 years dating back to 1991.

The oil and gas boom in the North Dakota Bakken Shale has been getting a lot of media attention recently because the state’s oil production has increased six-fold over the last six years - becoming the second-leading-oil producer in the United States.

As a result of the boom, the state’s population has increased to record high levels, the unemployment rate is the lowest in the nation and wages throughout the state are significantly higher than the national average.

Although the economic growth and production activity in North Dakota is impressive, the total number of barrels produced by the state in June is only about one-third of the oil output level of Texas in May.

The oil boom in West Texas, the Permian Basin and the Eagle Ford area in South Texas have helped increase the state’s oil production by 66 percent during the past 2 years.

A strong demand for oil coupled with refined hydraulic fracturing and horizontal drilling techniques are allowing domestic producers in the state to reach what were once untouchable, deep reserves.

Furthermore, the increased production is providing economic benefits to their surrounding communities.

Shale production in Texas and North Dakota is has the United States on track to reduce crude oil imports to about 42 percent this year. If reached, this will be lowest level of oil imports the United States has achieved in 20 years.

According to information from the EIA, the U.S. relied on imports for roughly 44.8 percent of its petroleum consumption in 2011, down from 60.3 percent in 2005.

Adam Sieminski, the head of the U.S. Energy Information Administration (EIA), recently stated “What’s happening in North Dakota, and in Texas … is a tremendous development for U.S. oil production and economic growth.”

The economic success of Texas and North Dakota demonstrates the potential growth our nation can achieve by increasing the domestic production of oil and natural gas. The U.S. is home to some of the richest known shale formations on the planet and has an abundance of natural resources. Accessing these resources to maximize our energy sector is essential to providing a stable energy prices to consumers.

In addition to providing economic contributions and potentially preventing the economy from another recession, domestic oil and natural gas producers are doing their part to ensure that our nation’s growing energy demands are met. Therefore, investing in oil and natural gas prospects is not only wise, it is an exercise of social responsibility.

With over 50 producing wells in Texas, Oklahoma, Louisiana, Kansas and Wyoming in just seven years, TAP Management is a prominent player compared to other private, independently-owned oil and gas producers. Contact us at [phone]for more information about our company.

TAP Management Inc.  |  515 Congress Avenue, Suite 2525  |  Austin, TX  |  [phone]

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What Factors Contribute to the Cost of Drilling? [phone]

Have you ever wondered why oil and natural gas production requires a considerable capital investment? Understanding the complex process involved in drilling for oil and natural gas helps demonstrate the required costs of developing a producing well.

As you can see, there are a multitude of procedures and service companies involved in the drilling process. TAP Management and other oil and natural gas producers must follow a series of safety, environmental and legal procedures to provide the valuable natural resources that help fuel our lives.

To hear more about TAP Management and our current drilling projects, contact us by calling [phone].

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Who Owns America’s Oil and Gas? You Could. [phone]

An analysis released by the economic advisory firm Sonecon in October 2011 revealed the ownership of 173 publicly-traded oil and gas companies in the United States. The report was commissioned by the American Petroleum Institute, the largest trade group for the oil and natural gas industry. The analysis is based on data from the Security and Exchange Commission as of October 2011.

A quick summary of the findings are represented below:

Contrary to popular belief, corporate management owns less than 3 percent of shares in these publicly traded oil and gas companies. However, individual investors possess roughly 21 percent of corporate oil and natural gas shares.

Nearly 21 percent of oil and natural gas shares are owned by asset management companies in mutual funds, which are held by approximately 52 million American households with a median income of $80,000.

Roughly 18 percent of oil and gas shares are held through retirement funds in the form of IRAs. Approximately 80 percent of these account holders averaged annual incomes of $70,000 or less in in 2010.

Over 31 percent of industry shares are owned by public or private pension plans, including 401(k)s. The funds manage assets for more than 60 million households, with an average account value of less than $55,000.

As you can see, healthy oil and natural gas earnings are benefitting millions of Americans. Despite popular opinion, corporations make up the smallest percentage of ownership in publicly traded oil and gas companies.

These findings do not take into account ownership figures of privately operating oil and gas companies like TAP Management. These independent companies are providing retirement security to investors nationwide.

To hear more about the benefits that the oil and natural industry is providing investors, or to learn about our current drilling projects, contact ustoday by calling [phone].

TAP Management | 515 Congress Avenue, Suite 2525| Austin, TX |[phone]

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Complaints of Refinery Profits Are Inaccurate

The price of gasoline has risen for the fifth straight week, a trend that is unusual for the month of August. Although the cost of gas is 13 cents lower than last year, the national average for a gallon of gas was $3.57 on Friday, August 3rd, up from $3.49 the previous week.

Motorists witnessed the national average price of gasoline increase by 5.1 percent, or 17 cents, during the month of July. This was the first monthly increase since March, and the largest increase for the month of July dating back to the year 2000.

A common perception of drivers coping with the rising gasoline prices is that refineries are raking in profits at the expense of consumers. However, the chart below represents the factors that contribute to the price motorists pay for at the pump:

  As you can see, the price of crude oil plays the most significant part of the retail price of gasoline. Taxes and transportation and retailing also contribute a substantial amount to the price consumers pay at gas stations. The refining process accounts for only 16 percent of total costs. Considering the hefty operating expenses accrued during the refinery process, this leaves very little room for profits.

Information from the EIA states that refineries have been reporting less than favorable profits in more recent months. These companies are also dealing with financial difficulties stemming from spiraling crude oil prices, a struggling world economy, a reduced demand for gasoline and other external factors.

  Crude oil accounts for roughly 67 percent of the retail price of gasoline. Although the price of crude oil has fluctuated in more recent months, a historical view of crude oil prices demonstrates a steady trend.

  The price of crude oil is set by global markets. Because of the United States reliance on foreign oil, refineries and consumers are forced to adjust to the rising global price.

These constraints and other economic difficulties have also yielded another interesting trend.  Although the total number of refineries is declining, companies are being forced to increase their production capacity in order to maintain the supply of gasoline.

  Complaints of the rising costs stem from the direct impact gasoline prices have on the discretionary income of consumers. TAP Management and other oil and gas producers aim to combat the fluctuating fuel prices by increasing the domestic supply of energy for Americans. In doing so, our nation will benefit from an increase in jobs, more stable energy prices  and a more comfortable living standard for Americans.

TAP Management | 515 Congress Avenue Suite 2525 | Austin, TX |[phone]