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Bakken Shale – North Dakota/Montana Rising oil prices and rapidly advancing hydraulic fracturing and drilling technologies are leading to increased interest in the Bakken region once again. A good example of this growing trend came in late April when Hess Corp. announced it would be ramping up its drilling program...
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...
OPEC Photo
Monday's announcement by Qatar that it is leaving OPEC does not spell the end of that organization, or really do it much harm, despite some of the fright pieces coming from the energy-related news media today. Qatar has not really been a major player within OPEC, a reality that has...
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...
INSTEAD OF A PREDICTION, HERE’S A PLAN
Oct 11, 2021 HOUSTON, Oct. 11, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced its subsidiary, Apache Corporation, has ended routine flaring in its U.S. onshore operations, achieving one of its 2021 ESG goals three months ahead of schedule. “In early 2021, we set out to eliminate routine flaring...
On Tuesday, a day when BP announced its estimate that global demand for crude oil has again reached 100 million barrels of oil per day, and a day when OPEC+ announced 6 of its 13 member countries have been under-producing their supply quotas in recent months, management at Diamondback...
PRESS RELEASE UPDATED: SEP 28, 2021 Meridian Energy Group BELFIELD, N.D., September 28, 2021 (Newswire.com) - Meridian Energy Group Inc., a leading innovator in the petroleum-refining industry, announced today that it has entered into a long-term offtake agreement with Musket Corporation, a leading commodity supply, trading and logistics company, for the...
What Rocky Mountain Producers Can Expect Under a Biden Administration
By Ike Brannon Senate Majority Leader Charles Schumer recently announced that he would take up the multi-trillion dollar budget reconciliation bill later in July, and part of that package will include a variety of tax increases that total over $1 trillion over the next ten years. It is worth asking how...
Energy
Fallout from the Russia/Ukraine crisis is dropping like so many bombs on big oil companies that had entered into various deals with Russian oil companies since the fall of the Soviet Union 1990. That fallout promises to create collateral damage of its own in the weeks and months to...
During the leadup to the 1968 Super Bowl between the Baltimore Colts and the New York Jets, Jets quarterback Broadway Joe Namath became famous for boldly guaranteeing that his team would defeat the heavily-favored Colts. Sure enough, the Colts offense failed to produce points and Namath led the Jets...