For public companies with a Dec. 31, 2018, fiscal year-end, new hedge accounting rules will become effective Jan. 1, 2019. The FASB issued the new hedge accounting guidance Aug. 28, 2017, through Accounting Standards Update (ASU) No. 2017-12. The ASU provided the election to early adopt the new guidance...
Let’s face it — housing, especially in areas like the Permian Basin, is hard to come by. Companies in energy, construction and similar industries with the need for short-term housing can find it difficult to locate housing options that are both convenient and affordable.
Options for these companies include...
The Port of Corpus Christi Authority reached several milestones in the development of the crude oil export terminal on currently planned for Harbor Island, Texas.
Corpus Christi-based Lone Star Ports, LLC (Lone Star Ports) will lead the development of the Terminal, the first U.S. onshore export terminal servicing fully-laden Very...
A series of very remarkable factoids about the U.S. oil and gas industry have come to light in the past few months. Among those are:
• U.S. reserves for both oil and natural gas reached all-time record highs in November;
• The U.S. actually became a net exporter of petroleum liquids...
The National Climate Assessment is the latest in a series of reports that has thrust climate change into the public spotlight — and added to the intensity of calls for a carbon tax. This brief article will illustrate first the arguments put forth by advocates for the carbon tax...
On Oct. 27, 2018, ConocoPhillips hosted the Eagle Ford Relay for Life Committee’s Fourth Annual Redfish Round-Up to raise funds for the American Cancer Society and cancer patients in our surrounding area. The 2018 event featured 42 teams, 21 event sponsors and a raffle prize. This year’s event raised...
As the dust settled on election night 2018, we now begin to evaluate the consequences that the election’s results may carry with them. Specifically, how could the election and the changes it brings impact the oil and gas industry?
First, the good news: In Colorado, Proposition 112 was handedly defeated,...
A new analysis of the nation’s major shale gas plays has revealed that the amount of natural gas that can be technically recovered from future well locations has increased by 20 percent compared with an estimate made about five years ago, even while active drilling has depleted the resource....
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Bakken Shale – North Dakota/Montana
Citing strong success in their 2018 drilling and production efforts, both Marathon and Hess announced in December that they plan to expand their positions and activities in the region during 2019. Hess said it would expand its Bakken drilling program from four to six active...
Most of the time it is difficult, if not impossible, to recognize that a major sea change is taking place — especially when it is just getting started. The Barnett Shale seemed to burst on the scene around the 2004-2005 timeframe as an instant success. Like most every overnight...
