Bakken Shale – North Dakota/Montana Mid-cap independent producers Oasis Petroleum and Whiting Petroleum agreed to merge in early March, creating a ‘mini-major’ operator in the Bakken Basin. In a prepared statement, the companies said, "The combined company will have a premier Williston Basin position with top tier assets across approximately...
In finance, a “black swan” is an unpredictable event with severe consequences for investors. Black swans have occurred throughout modern history but rarely has the world experienced a double black swan, such as the impact of the Covid-19 crisis and the imbalance between oil supply and demand. In this...
After more than a month of fighting, Russia’s invasion of Ukraine has devolved into a grinding war of attrition replete with indiscriminate attacks on Ukrainian civilians, cities and infrastructure. The U.S., Canada, Western European allies and others have responded with increasingly severe sanctions that have isolated Russia and decimated...
Refilling the SPR with Just 6 Million Barrels
Unless you’ve already done the smart thing and retired to the wilderness of your choice, you’ve probably heard the news that the European Union struck a deal with the United States to considerably boost its intake of American LNG. Considerably in this case means an additional 15 billion cubic meters...
What Affects Energy Prices
One of the most important questions you might ask yourself if you are in the oil and gas industry is what energy costs will be in the future. Nobody can say for sure how the energy market will behave, it is impossible to predict such a volatile market. But...
I have been surprised by the cavalier attitude I’ve seen about the rising price of gasoline and its impact on the average family or community in recent weeks and months, but I’ve been even more surprised by this attitude being parroted out by the media, the so-called cultural “elites,”...
After more than a month of fighting, Russia’s invasion of Ukraine has devolved into a grinding war of attrition replete with indiscriminate attacks on Ukrainian civilians, cities and infrastructure. The U.S., Canada, Western European allies and others have responded with increasingly severe sanctions that have isolated Russia and decimated...
Even poor Joe Biden has seen the light on LNG as the only way to get Europe off dependence on Russian gas. What he hasn’t grasped, though, is the fact we can’t get the LNG to places such Germany without pipelines and ports. Indeed, the Biden Administration has done nada...
SHALE Magazine hosted its annual State of Energy luncheon in Houston on April 21, 2022. SHALE would like to send a special thank you to keynote speaker Wayne Christian for his thoughtful and informative presentation. The event also featured a panel discussion including Mike Howard, CEO of Howard Energy...
In the following pages, you will find a wealth of information, especially regarding the current state of events in Ukraine and its far-reaching impacts. At SHALE, we strive to provide you, our readers, with insight from our experts and relate the content to the lives of each American. I would...