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.
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
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...
In an extraordinary bit of energy absurdity, the International Energy Agency (IEA) has a new report out detailing its fantasy-based roadmap about how we get to the mythical "Net Zero by 2050" goal. Among other impossibilities in the real world, this new report envisions:
- No new coal plants. China...
Shale Play Energy Updates
Note: Recent events surrounding the global coronavirus pandemic and the collapse of the OPEC+ export limitation agreement have disrupted the normal course of business in the U.S. shale industry. At the time of this issue’s publication, shale producers were universally focused on restructuring their capital budgets...
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...
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...
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...
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...
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...
