Shale producers are conducting some difficult earnings calls
Shale Play Energy Updates Note: Recent events surrounding the global coronavirus pandemic and the collapse of the OPEC+ export limitation agreement have disrupted the normal course of business in the U.S. shale industry. At the time of this issue’s publication, shale producers were universally focused on restructuring their capital budgets...
One of the many outcomes of the COVID-19 pandemic is that the cost of shipping crude oil overseas has collapsed. According to a report in the Wall Street Journal today, the average price for chartering oil tankers has fallen by 77% since March as a result of the massive cuts in supply in response to the crash in oil prices.
These are extraordinary and unprecedented times for the oil patch. The world is awash in crude oil from the only-recently paused price war between Russia and Saudi Arabia. That supply glut has been combined with a massive demand drop as economies around the world have been shut in and shut...
Pro – Or No – Rationing?
There is really only one subject currently occupying the undivided attention of each and every person affected in any way by the oil and gas industry. To write about anything else would be about as nonsensical as trading favorite recipes during the final moments on the Titanic. This industry...
The Shale Controversy – Understanding Both Sides
NEPA Reforms and Their Impact on Shale Environmental activists who have been critical of President Trump’s proposed regulatory reforms have engaged in abusive litigation practices that delay vital infrastructure projects making it necessary to revisit the federal rulemaking process, according to congressional figures and energy policy analysts. In January, Trump detailed...
Newsom Wants to Ban Fracking and Gas-Powered Cars
Permian Strategic Partnership (PSP) - Nineteen oil and gas companies came together in 2018 and pledged $100 million to help Permian Basin communities. There is something about getting older — age brings experience, which can often appear to be wisdom. Wisdom can also come from intelligence and education. But, in...
Ethanol Nonexistent Without Oil
With the 2020 election cycle dominating national news and the Iowa Caucus recently taking place, there was once again renewed attention on industries and debates relevant to the energy industry. Corn is king in Iowa, and you can’t talk politics in that state without touching on farming and the...
Publishers Note
Publisher's Note Welcome to yet another great issue of SHALE Magazine. We are happy to have Tracee Bentley, President and CEO of the Permian Strategic Partnership, gracing our cover on the March/April edition of SHALE Magazine. As we all know, the Permian Basin is buzzing with energy activity. While the world focuses...
New Battery Technology
New Battery Technology from National Korea Maritime & Ocean University The existing method for adding metals to organic materials is dangerous and laborious. Scientists from National Korea Maritime & Ocean University have now developed a new method that is simple, safe and cost-effective. This method, in addition to enabling a...
Decline in Energy Markets
Things have gone from bad to worse. Following a year of lackluster oil pricing and a general decline in oil and gas E&P activity in Texas in 2019, oil markets are now reeling from the fallout of the coronavirus and its impact on energy demand growth in the U.S....
Developing Nations, Large Investment Will Help
Investments Will Change Lives in Developing Nations Three billion dollars will make a radical difference in the lives of people in developing nations needing electricity. Ventana Tek (VentanaTek.Com), an American company, finalized a major agreement with Nigeria. The green energy company will provide badly needed electricity with high-efficiency vertical wind...