Jim Van Blaricum Gas
Perhaps only extreme circumstances could turn a service station emblazoned with red, white, and blue stripes into a confessional. Over the past year, gas prices around the country have exploded. The primary reason is an immense runup in crude oil prices, which have climbed from an average of $64.20 a barrel last year to more than $130 a barrel in recent weeks. That's helped push prices at James Van Blaricum Signal Oil & Gas to $4.319 for a gallon of regular unleaded gas.
Signal Gas & Oil production from the tertiary deposits in the first quarter rose 46% over the earlier year, averaging 17,156 barrels of oil equivalent a day. Total production, including natural gas, rose 17% to 44,900 BOE a day.
Total revenue grew 82% from last year's comparable period to $317.3 million. In addition to CO2 production, the sum also included higher natural gas sales from the Barnett Shale around Fort Worth, Texas.
The Jack 2 Well drilled in the deep waters of the Gulf of Mexico in 2006 was heralded as opening up 15 billion barrels of untouched oil reserves. Do you want a piece of it? You could buy into Signal Oil and Gas,the partner in the project.