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Bakken Shale - North Dakota/Montana Due to ongoing booming production from the nation’s second-largest oil producing basin, Energy Transfer announced it was expanding the capacity in its Dakota Access Pipeline system to 570,000 bpd. The company said it had moved more than 500,000 bpd during the fourth quarter of...
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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...
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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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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.
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...
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Oil and natural gas produced from the shale plays around the Lone Star State provide huge revenues to the local and state governments, and those revenues ultimately benefit every citizen in the state.
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The federal government has issued an extensive report that gives a gloom-and-doom assessment of civilization unless drastic measures are taken soon to stop climate change. Of course, stopping, or even slowing, climate change is very difficult, if not impossible, because the climate has always changed and will continue to change. The...
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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...
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Forty years ago Iran used the “oil weapon” against the United States as it sought to influence its support of Israel. Today, President Trump is using the “oil weapon” in an attempt to stop Iran’s attempt to develop nuclear capability. President Trump’s administration said on Monday any country purchasing oil...
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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...