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...
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)...
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...
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...
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...
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
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 expand its Bakken drilling program from four to six active...
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...
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...
Bakken Shale – North Dakota/Montana
The Bakken is another shale play that is currently experiencing a boost in capital being reallocated out of the Permian Basin. A new report from Bank of America Merrill Lynch finds that year-to-date drilling activity for the Bakken is 20 percent higher than in the...
