I’m starting to shift my resources back to expanding my oil and gas business. Not that it has been on autopilot completely, it just hasn’t required much attention lately, which can be attributed to having good people run the day-to-day production.

It’s time for more though, and I’m looking to increase production through additional acquisition or drilling.

This weekend I’ll attend a land auction with five different tracts for sale. Tract four is the one I’m interested in, as it has existing production on a full section, which equals about 640 acres. According to state records, there are five producing …

Iranian President Ahmadinejad came out Sunday at the end of a rare OPEC summit stating that OPEC’s members have expressed interest in converting their cash reserves into a currency other than the depreciating U.S. dollar, which he called a “worthless piece of paper.” (It later became clear that the “members” he is referring to is none other than Iran and Venezuela… go figure.)

He went on to blame President Bush’s policies for the decline of the dollar and its negative effect on other countries.

In an effort to tag-team the idea, Venezuelan President Hugo Chavez jumped in from the sidelines saying “the empire …

On Friday, legendary oilman T. Boone Pickens predicted that oil will hit $100 a barrel, possibly in the fourth quarter, but definitely by sometime next year.

The reasoning behind is prediction is that he believes worldwide demand has outpaced global output of 85 million barrels a day. Consequently, Boone, as a believer in supply and demand (as am I) says oil prices have nowhere to go but up.

“I think you’ll reach $100 (a barrel) before you go back to $80,” Pickens said before speaking at a gathering of the Association for the Study of Peak Oil and Gas at a downtown hotel. “It could happen in the …

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Last Tuesday Duncan Energy Partners (DEP: chart, web, Y!) raised its quarterly dividend by 2.5% to $0.41 per unit.

Duncan Energy is primarily an oil and natural gas pipeline company, and their primary business is transporting and storing natural gas liquids (NGL’s) and petroleum products. A highly attractive sector that is mildly insulated against changes in crude and natural gas prices.

DEP is an MLP, which means they are required to distribue a certain percentage of their earnings to “partners”. The fact that they are raising the dividend indicates that their finances are doing …