THE POLICY GOAL OF ENERGY
Confession: I voted for Greg Abbott to be Texas’s governor, not once but twice. But on Wednesday, the Governor made a statement so at odds with all available public information and frankly out of touch with reality that I and many other Texans will have to think long and...
The Last Decade – A Look Back at the past Ten Years of Oil and Gas Policy
They say it is a dog-eat-dog world, and that phrase has never been more applicable than in the oil and gas industry. With the race to new energy development, several of the big players are shoring up strategy. Royal Dutch Shell Plc, BP Plc, Sinopec, and Equinor ASA are...
How Natural Gas Keeps Electricity Cheap and Plentiful in Pennsylvania
As the current session of the Texas legislature winds down to a merciful end, it has now become obvious that members of the house and senate will once again fail to enact needed reforms designed to stabilize the grid and protect citizens from deadly weather events like the one...
Manmade Global Warming: The Story & the Reality
In an extraordinary bit of energy absurdity, the International Energy Agency (IEA) has a new report out detailing its fantasy-based roadmap about how we get to the mythical "Net Zero by 2050" goal. Among other impossibilities in the real world, this new report envisions: - No new coal plants. China...
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...
SCOOP/STACK Play – Oklahoma Citizen Energy Operating, LLC announced that it has entered into a merger agreement with Roan Resources, Inc. in an all-cash transaction valued at $1 billion, including Roan's debt. Roan stockholders will receive $1.52 in cash for each share of Roan common stock in the deal. Roan...
United States of America
SCOOP/STACK Play – Oklahoma The SCOOP/STACK continued to shed oil rigs in August according to both the Baker Hughes and Enverus rig count numbers, as operators continued to pare back drilling budgets for the second half of 2019. According to Enverus (formerly DrillingInfo), the count in the Anadarko Basin —...
permian basin booms feat
Some major relief for Permian producers. - EPIC Midstream Holdings announced on August 16 that it has begun shipping Permian Basin crude on its 400,000 barrel per day (bpd) oil pipeline to the Texas Gulf Coast. The pipeline's end-point is at the Moda Midstream export terminal at Ingleside, Texas, which lies across Corpus Christi Bay from...
Trump & DOE Extent LNG Exports
The operators of both Texas-based Freeport LNG and Louisiana-based Cameron LNG announced this week that they have commenced liquefaction operations at their facilities. They become the fifth and sixth LNG export facilities in operation in the United States. "This is an exciting and significant milestone which now paves the way...
Shale Play Short Takes
Bakken Shale – North Dakota/Montana Kinder Morgan and Tallgrass Energy announced that they will expand their jointly-operated Hiland Crude Pipeline system. The expanded system will be capable of moving Bakken crude to markets on the East Coast of the U.S., and to Cushing, Oklahoma. A new report by ESAI...
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