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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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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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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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 —...
Ryan Zinke
Ryan Zinke, former U.S. Secretary of the Interior, has joined Cressman Tubular of Dallas, TX, in an advisory role. After his tenure as both commander in Navy SEAL Team Six and member of the president’s cabinet, Secretary Zinke looks to make his mark on the U.S. steel industry. In...
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. Bakken Shale – North Dakota/Montana Citing strong success in their 2018 drilling and production efforts, both Marathon and Hess announced in December that they plan to expand their positions and activities in the region during 2019. Hess said it would...
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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...
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...
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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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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...