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...
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...
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...
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...
On Tuesday, a day when BP announced its estimate that global demand for crude oil has again reached 100 million barrels of oil per day, and a day when OPEC+ announced 6 of its 13 member countries have been under-producing their supply quotas in recent months, management at Diamondback...
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...
As Joe Biden and the world’s elites make plans to hop on their private jets and fly over to Glasgow on Halloween to attend the UN’s COP26 climate summit, Biden’s plans to go green are falling apart. Oil prices are through the roof, gas prices are through the roof,...
On Monday, IEA head Fatih Birol the EU Parliament's Energy and Environment Committee that "It is inaccurate and unfair to explain these high energy prices as a result of clean energy transition policies. This is wrong."
This is, of course, utter and complete nonsense. Of course the "clean energy transition...
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...
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.
