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Shale Play Roundup

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Bakken Shale — North Dakota/Montana Spurred by strong production results in the Bakken and Eagle Ford Shale regions, Marathon Oil reported a second-quarter 2018 profit of $96 million. This compares to a $145 million loss for the same period in 2017. Continental Resources, also led by strong Bakken results,...
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The EPA came out with an online report titled simply “Our Nation’s Air.” It should make all environmentalists smile. It won’t, of course. Too many of the more extreme members of that group today want issues more than they desire real progress. Yet, the data is undeniable; clean air...
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The South Texas Energy & Economic Roundtable (STEER) is encouraged by the news that ExxonMobil and SABIC have chosen to build a multibillion-dollar plastics manufacturing facility along the Texas Gulf Coast. This project is a once-in-a-lifetime opportunity for the region to create high-paying jobs and increase the tax base...
Goldman Sachs is projecting the fallout from COVID-19 will return the global supply equation for crude oil “Back to the 90s“.
"The project reveals that the environmental movement is a multi-billion dollar industry that has coöpted Americans’ desire for clean air and water into a political juggernaut that leverages government to block access to affordable, reliable energy" In American energy politics today, there is an alleged David vs. Goliath battle underway....
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The world is changing and Texas is changing with it. Social contracts, corporate citizenship and sustainability are common terms in today’s energy boardroom discussions. These are no longer buzzwords; they are principles that help shape the regulatory framework in our State. One readily hears the echo of the social...
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Politicians, who promise to stem the seemingly inevitable growth and pervasive presence of government, typically follow one of these three imperfect equations: 1) they profess a certain position or philosophy (for political expediency) but don’t really believe it; 2) they genuinely believe a certain position or philosophy but lack the political...
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Shanna Keaveny Company name: Texakoma Operating, L.P. Title: Vice President Industry: Oil & Gas E&P Tell me about your company. Established in 1982, Texakoma remains a family operated company. For the past 36 years, Texakoma has established and grown its oil and gas exploration, operation and production business, while remaining focused...
The oil and gas industry is facing strong competition in attracting science, technology, engineering and mathematics (STEM) talent, with 44% of STEM Millennials and Generation Zs (Gen Z) interested in pursuing a career in the oil and gas industry, compared to 77% in the technology sector, 58% in life...
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Following a brief two-year hiatus that featured one-party control in the House, Senate and White House, with January’s arrival of the 116th Congress, many are rightly focused on how the return of divided government will impact energy policy in the U.S. While the new Congress has been convened for barely...
Texas RRC Eschews State-Mandated Production Cuts
The Texas Railroad Commission (RRC) met in open conference on Tuesday, May 5 and put the idea of prorating Texas crude oil production to bed for good. An order to implement proration prepared by Commissioner Ryan Sitton was withdrawn and never acted on, with Commissioner Sitton proclaiming, “proration is...
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