Thursday, January 12, 2006

Wildcats in Sigurd

Back in 2003 Wolverine Oil struck black gold near the central Utah town of Sigurd. Now Granite Energy has locked up 6,000 acres of O&G leases. More exploration companies are undoubtedly negotiating leases as I write this. More power to them, but beware the hype. The media keep making noise about a billion barrel field, but nothing close to that has been confirmed yet. If I had money to invest in oil, I'd be looking for a way to build a nice, big refinery. THAT'S where the choke point in the supply chain is. Of course, I wouldn't be averse to building it near Sigurd.


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