The oilfield needs to buy value, not widgets
The oil and gas (O&G) industry is going through a rough patch, yet again. First, the supply versus demand game of cat and mouse in the open market pushed the industry through several up and down cycles. Then, as if it were not complicated enough, the coronavirus pandemic broke...
Federal Appellate Court Halts Mountain Valley Construction Pipeline Construction
In a summons of the modern-day militiamen of oil and gas, the AG’s of 21 individual states banded together to land one monumental blow against Biden and his administration. Responding to the devastating repeal of the Keystone XL Pipeline’s permit, the group of legal minds targeted the president and...
Paul Takahashi reports in the Houston Chronicle that 18 upstream oil and gas companies filed for bankruptcy protection during the second quarter of this year.
It is widely stated that if one does not like the weather in the South, just wait an hour because it will change. Mirroring the sentiment, the Biden administration deviated from its climate-first mantra and backed PennEast and its $1 billion natural gas pipeline. Shocking spectators from both sides of...
ONE Future Pursues One Goal
Waking the sleeping giant, the Biden administration and card-carrying democrats have decided to redirect attention from the coal sector and channel it fully on the oil and gas industry, all in the name of climate change. Having once been the major source of power generation for decades, coal faltered...
After making a smaller offer a month ago, Chevron publicized a plan to buy the Noble Midstream Partners LP shares it does not currently own. With a price tag of $1.32 billion, the deal’s architecture directs 0.1393 Chevron shares to Noble Midstream’s unitholders. In an offer announced in February, Chevron...
Some Reasons for Optimism at the End of a Troubling Year
The history of the oil and gas business in the United States is that every time the “experts” all line up to declare it to be dead, it finds a way to come roaring back. This scenario has played itself out at least half a dozen times across my...
Crude Oil Port CC
Mixing determination and creative thinking, Trafigura speculates that a combination of its Corpus Christi terminal and the wider hub will enable Platts to basket U.S. crude in its Dated Brent benchmark and without curtailing trade in the process. Essential to the global oil system, the European Brent benchmark is utilized...
How Top Oil & Gas Companies Use Predictive Analytics
Attempting to prevent a catastrophic electrical grid collapse, Texans endured mass power outages instituted by the Electric Reliability Council of Texas (ERCOT) in response to the unprecedented February winter storm that plagued the state. Leaving citizens chilled for several days and nights, electricity moguls are experiencing an icy response...
China: Two Roads Diverged in a Polluted Wood
Permanent Fracking and Drilling Bans Flow Down the Delaware River Citing unacceptable risk, the Delaware River Basin Commission voted at the end of February to indefinitely rid the area of natural-gas drilling and fracking. Responsible for upwards of 13 million people’s water supply, the commission indicated a crucial waterway was...

Winter storm podcast

0
If you missed this past weekends LIVE In The Oil Patch Radio Show with Kym Bolado and co-host David Blackmon, click on the link below to hear Texas Railroad Commissioner Christi Craddick and Texas Alliance of Energy Producers president Jason Modglin discuss what went wrong during the Texas winter...