First oil ///

Just in case you may not be fully aware, we’re in the midst of an oilfield boom. From a recent low of $39.09/bbl in February 2009, the WTI crude oil price has remained above $75 since September 2010. As this editorial was being written, WTI broke the $100 barrier. Similarly, Brent price remained above $82 over the same time period, and had settled at $105 in early July. Natural gas price at the Henry Hub has risen from a low of $1.95/MMBtu in April 2012 to above $4 in April 2013.

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