North Dakota rig count lower for second week
As of Monday, the number of rigs actively exploring for or producing oil and natural gas in North Dakota was lower for a second straight week, state data show. State Continue Reading
Shale’s Efficiency Drive And The Coming Frac Sand Boom
Preoccupied with oil prices, API and EIA production reports and rig counts, most U.S. oil industry watchers miss one quiet segment of this industry that is actually thriving and will, Continue Reading
Renewable Energy Storage Could Be Worth $90 Billion Per Year
Renewable energy technology has been split into two camps since it became a reality around the turn of the century. On the one hand there are the passionate environmental believers Continue Reading
In appeal of US fracking ruling, arguments center on precedent
A recent judge’s decision that overturned Obama administration rules on hydraulic fracturing on federal and Indian lands ignores more than a century of regulatory precedent, an attorney appealing that decision Continue Reading
MIT analysis finds current EVs could replace ~90% of personal vehicles now on the road based on driver’s energy consumption
A study by a team at MIT has concluded that roughly 90% of the personal vehicles on the road in the US could be replaced by an electric vehicle available Continue Reading
Industry advocate downplays report that reignited fracking debate
A drilling industry advocacy group on Monday downplayed a report released last week by a scientific panel that called into question a major finding that the Environmental Protection Agency had Continue Reading
North Dakota Bakken/Three Forks Update
The North Dakota Industrial Commission (NDIC) reported June crude plus condensate (C+C) output on August 12, 2016. North Dakota(ND) Bakken/Three Forks (BTF) output fell by 20.46 kb/d in June to Continue Reading
Oil Prices at One-Month High on Potential OPEC Action
Crude hit a one-month high Monday on hopes that the prolonged oil-price rout may drive major producers to reconsider a collective production cap. Brent crude, the global oil benchmark, rose Continue Reading
Oil Bulls Take Heart as OPEC Rekindles Hopes of Output Freeze
Saudis say discussions may include action to stabilize prices Speculators boost bullish WTI crude bets most since January All it took was a few words from OPEC to encourage oil Continue Reading
Oil Extends Rise Above $44 After Biggest Weekly Gain Since April
Saudi Arabia signals it’s open to discuss stabilizing markets U.S. drillers added oil rigs for a seventh week: Baker Hughes Oil extended its advance above $44 a barrel after posting Continue Reading