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Denver/Julesberg (DJ) Basin - Colorado Production levels of both oil and gas in this key shale basin are also setting records in recent months. Bernadette Johnson, Vice President for Market Intelligence at DrillingInfo told an audience in Littleton, Colorado in June: “Since December, we have seen oil grow by...
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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 —...
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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 dramatic recent drops in U.S. crude oil inventories over the past three weeks is starting to make news. U.S. demand has now picked up.
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...
Chesapeake Energy announced on Sunday that it would seek protection under Chapter 11 of the bankruptcy code. It recently skipped a $15 million debt payment.
Good news for Permian Basin producers came on Thursday as Milestone Environmental Services announced it has begun construction on a RCRA-exempt oilfield waste disposal site in Reeves County in West Texas. Here is the text of the company's press release: HOUSTON & MIDLAND, Texas – May 29, 2019 – Milestone...
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Bakken Shale – North Dakota/Montana Houston-based pipeline operator Targa Resources closed a deal in early April to sell a minority stake in its Bakken-region pipeline operations to New York-based GSO Capital Partners and Blackstone Tactical Opportunities. The purchasers obtained a 45 percent stake in Targa Badlands LLC for $1.6...
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Readers may have noticed a big media uproar last week over a pronouncement from the U.N.'s  International Energy Agency (IEA) that "Electric vehicles (EVs) are expected to displace 2.5 million bpd of oil demand by 2030." This was hailed in much of the news media as some sort of huge...
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I got a little irritated Thursday evening when a writer at the National Review Online claimed that the "feds" had "discovered" the largest oil and gas reserve in history, and responded on Twitter as follows: https://twitter.com/GDBlackmon/status/1070812216482500614 I mean, c'mon, how hard is this to understand? The federal government had literally nothing to...
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After a brief respite during the peak of summer driving season, gasoline prices are about to go up again thanks to the rising price for crude oil.
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IMO 2020 is set to radically change the ecosystem of the world’s refined products with dramatic effects for both marine fuel suppliers and consumers. Unprecedented shifts in supply and demand and logistical challenges will upend the oil and gas value chain's status quo when the International Maritime Organization’s (IMO)...
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