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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 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 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...
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...
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...
PRESS RELEASE UPDATED: SEP 28, 2021 Meridian Energy Group BELFIELD, N.D., September 28, 2021 (Newswire.com) - Meridian Energy Group Inc., a leading innovator in the petroleum-refining industry, announced today that it has entered into a long-term offtake agreement with Musket Corporation, a leading commodity supply, trading and logistics company, for the...
What Rocky Mountain Producers Can Expect Under a Biden Administration
By Ike Brannon Senate Majority Leader Charles Schumer recently announced that he would take up the multi-trillion dollar budget reconciliation bill later in July, and part of that package will include a variety of tax increases that total over $1 trillion over the next ten years. It is worth asking how...
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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 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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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...