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...
The oil and gas industry has faced significant volatility over the past few years, including the unprecedented destruction in demand from Covid-19, the rise in ESG driven investment, and increased geopolitical risk. In addition to formulating a profitable drilling strategy in such an environment, how can North American unconventional...
The hydrogen economy has been a discussion in academia and with researchers for decades. The most substantial effort to bring it to reality occurred during high oil prices in the early 2000s, yet as with every previous effort, it ended with unprofitable projects and disappointed investors. As the climate...
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...
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,”...
In this issue, we are going to do a miscellany of a few short items relating to the oil and gas industry. First of all, let’s do something we don’t do very often — let’s praise the Texas Legislature for passing SB 13. SB 13 has two major parts. A...
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...
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...