Three of the world’s biggest oil companies — BP, TotalEnergies and Shell — won acreage in Scotland’s biggest offshore wind power tender in January. This should have pleased their ESG shareholders, who have been pushing for greater climate-related commitments. But let’s pause for a moment.
ESG is an abbreviation that’s...
It is an observable truism that rejecting a reality does not result in removing that reality; it only makes the person doing the rejecting look ridiculous. One wonders if, years from now, social commentators will scratch their heads in confusion regarding our concerted and seemingly relentless effort to refuse...
The Empire State’s new governor, Kathy Hochul, wants to establish her environmental bona fides. So, what better way to get it done than to jump on the natural gas banning bandwagon as the first state to officially surrender to this absurdity?New York metro voters, after all, know no more...
2021 was another tumultuous year across many different parts of the energy industry, with businesses of all sizes finding new ways to adapt their operations in the face of ongoing disruptions and uncertainty caused by the COVID-19 pandemic.
For the oil and gas (O&G) sector, and particularly for deal-making within...
As the year 2022 begins, the U.S. domestic oil and gas industry stands poised for a major boom year. The Baker Hughes active rig count rose back above 600 in January, still well below the highs of 2016 through 2019, but a far healthier level than the depths under...
On November 23, 2021, as the price for West Texas Intermediate (WTI) crude oil hit $78.50 per barrel, U.S. President Joe Biden issued an order to the U.S. Department of Energy (DOE) to release 50 million barrels of oil from America’s Strategic Petroleum Reserve (SPR). Concerned about his declining...
Among the readership of this magazine are numerous oil and gas royalty owners. The April filing date for individuals will soon be upon us. In this article, we are going to discuss practical income tax considerations of owning royalty interest in oil and gas. This article will not be...
Do you know your vitamin D level? Most likely, this is not a question you’ve been asked very often. But, with the seemingly neverending COVID pandemic, it is one you should find the answer to.
Depending on the source, it is estimated that anywhere from one-quarter to three-quarters of the...
The start of the year saw expected winter cold fronts arrive in Texas. Like clockwork from an increasingly coordinated campaign against natural gas, media breathlessly reported an estimated 1 billion cubic feet of gas was flared in the Permian Basin alone, resulting in a 25% reduction in natural gas...
The global oil market faces a number of challenges in its efforts to meet the growing demand for energy in profitable and sustainable ways. A current undersupply of oil in the market is a major contributor to rising oil and gas prices. And, as operators strive to increase their...
