California Governor Signs Anti-Offshore Drilling Law
California Governor Jerry Brown signed into law this weekend a bill that aims to make drilling for oil and gas off the state’s coast unprofitable. CBS reports that the bill, Continue Reading
Pipeline Problems In The Permian Are Overblown
The Permian pipeline bottleneck continues to pinch the shale industry, forcing steep discounts for oil stuck in West Texas. Yet, the midstream constraints will be temporary and few in the Continue Reading
Rising Costs Weigh On Permian Gas Production
To be fair, not all shale gas drilling is slowing, but in the Permian Basin, which has seen the most incandescent growth in recent years, according to the Financial Times Continue Reading
The Biggest Challenge Facing Shale Oil Could Be Overcoming Its Own Success
If you follow energy markets at all, you know that prices on the Brent global oil benchmark have traded within a robust band of $70 to $80 a barrel for Continue Reading
DNV GL: world energy demand will peak in 2035 prompting a reshaping of energy investment due to rapid electrification and inherent efficiency
Global spending on energy, as proportion of economic output, is set to slow sharply because the world’s energy demand will decline from 2035 onwards, according to DNV GL’s Energy Transition Continue Reading
Permian Auction Doubles 2008 Record with near Billion-Dollar Sale
The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction, a record high for Continue Reading
Colorado industry pumps millions into effort to defeat drilling setback
Oil and gas companies have pumped millions this campaign cycle into an effort to defeat a Colorado ballot measure that would increase new drilling setbacks by five-fold and cripple the Continue Reading
Permian Auction Doubles 2008 Record with near Billion-Dollar Sale
The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction. (Bloomberg) — The price Continue Reading
US Rig Count Holds Steady As Oil Prices Slip
Baker Hughes reported no change to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs held at 1,048 according to the Continue Reading
Kinder Morgan authorizes $2B Permian Highway Pipeline
Houston’s Kinder Morgan and Midland-based EagleClaw Midstream said they’ve authorized the proposed $2 billion Permian Highway Pipeline project to transport natural gas from West Texas to Houston and other hubs. The Continue Reading