---
title: "Sandy Energy"
url: https://independentstockanalysis.com/sandy-energy/
description: "Oil Slides, Gasoline Gains as Hurricane Sandy Nears U.S. at Bloomberg . Energy chart of the day: Shale oil production in North Dakota and Texas has…"
published: 2012-10-29
updated: 2012-10-29
---

# Sandy Energy

Published 2012-10-29

Posted on

by

J.J. Butler

Oil Slides, Gasoline Gains as Hurricane Sandy Nears U.S. at [Bloomberg](http://www.bloomberg.com/news/2012-10-28/oil-falls-gasoline-gains-as-hurricane-sandy-nears-u-s-coast.html).

Energy chart of the day: Shale oil production in North Dakota and Texas has boosted US oil production to a 17-year high by [Mark Perry](http://www.aei-ideas.org/2012/10/energy-chart-of-the-day-shale-oil-production-in-north-dakota-and-texas-has-boosted-us-oil-production-to-a-17-year-high/).

Off topic: North Dakota’s oil boom in pictures at [Reuters](http://www.reuters.com/news/pictures/slideshow?articleId=USRTR39FWA#a=1).

OPEC’s oil production has spent the last 9 years between 30 and 32 million barrels a day. Through July 2012 production has been over 33 MMbbl. [EIA](http://www.eia.gov/totalenergy/data/monthly/pdf/sec11_4.pdf) Yet, IEA says call on OPEC oil to rise slowly over next five years at [Platts](http://www.platts.com/newsfeature/2012/opec/index).

Non-OPEC Average Annual Crude Oil Supply in mbpd 2001-2012 at [Peak Fish](http://peakfish.com/2012/10/27/non-opec-average-annual-crude-oil-supply-in-mbpd-2001-2012/).

Canada’s Energy Stumble as an editorial in Friday’s [WSJ](http://online.wsj.com/article/SB10001424052970204530504578076932066323920.html?KEYWORDS=canada's+energy+stumble#articleTabs=article).

The U.S. rig count was down: [Haynesville Play](http://www.haynesvilleplay.com/2012/10/us-rig-count.html).

RJ raised its natural gas price outlook but is still bearish: [Raymond James](http://www.raymondjames.com/Branches/c2c/7ho/Whittakercooper/resource.asp?page=energy_stat.htm).

With an already stretched balance sheet and the latest acquisition, sounds like MHR will be selling it’s Eagle Ford position. [Oil Gas 360](http://oilandgas360.com/magnum-hunter-resources-corp-adding-to-its-rich-asset-base-reaffirms-2012-production-exit-rate/)

From my local newspaper: Find out where oil and gas leasing activity is booming across Lower Michigan ([Mlive](http://www.mlive.com/business/west-michigan/index.ssf/2012/10/oil_and_gas_leasing_action_is.html#incart_river_default)). What you need to know before you lease your land for oil and gas exploration ([Mlive](http://www.mlive.com/business/west-michigan/index.ssf/2012/10/what_you_need_to_know_about_le.html#incart_river_default)).