As the Russian invasion of Ukraine continues to evolve, members of the G7 Summit in Elmau agreed to place a price cap on Russian oil exports of $60 per barrel. This price cap contained a twofold goal of restricting Russia’s oil revenue while maintaining the global oil supply.
While the...
North Dakota oil and gas producers have faced many hurdles from politicians and activists united by the goal to “keep it in the ground,” and recent actions in Washington state pose the latest, and highest, hurdle to date. Governor Jay Inslee, an announced Democrat presidential candidate with a $9...
Wyoming’s October 2020 Revenue Forecast shows exactly how hard the COVID-19 economic downturn has hit oil and gas producers in the nation’s Rocky Mountain West. While the state’s revenues were not as bad as predicted in May, the state still is expected to fall short of more than $450...
We are living at a time when our ability to provide our own domestic energy supply has literally put us in the position of energy dominance, if not outright independence. Not only are we now producing enough oil and gas for our own domestic needs, but we have enough...
Undoubtedly, the year 2020 will be remembered for many reasons. Another one of those reasons is upon us as we near Election Day on November 3. It is a presidential-election year, and it seems we are told every four years that it is the “most important election” in a...
The year 2020 has come to a merciful end, and praise the Lord and pass the pancakes for that bit of good news.
When the publisher of SHALE Magazine and host of In the Oil Patch radio show, Kym Bolado, asked me during one of our December shows if the...
Each year, Congress launches dozens of investigations into issues, industries and individuals. These investigations, which are undertaken by the various congressional committees through which Congress conducts most of its official business, are subject to almost no limitations. As long as a congressional committee is duly authorized and acting 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...
History matters. On Dec. 19, 1890 Art. X, §2 of the Texas Constitution was amended to include a provision forming the Railroad Commission of Texas, stating the “Legislature … may provide and establish all requisite means and agencies invested with such powers as may be deemed adequate and advisable...
There are many major issues facing the Texas Legislature during the 2019 session. In early August I attended an event in San Angelo called the West Texas Legislative Summit which gave us insight into what those issues will be. The Summit was well attended this year with a handful...
