North Dakota Bakken Flaring Nearly 20% Of Its Natural Gas Production
The insanity continues in the North Dakota Bakken, as the shale industry is flaring nearly 20% of its natural gas production. That is one hell of a lot of natural Continue Reading
Exxon, Outrigger Ink Midstream Deal to Serve Bakken
ExxonMobil Corp.’s subsidiary XTO Energy, Inc. has entered into a long-term gas gathering and processing agreement with private midstream company Outrigger Energy II under which Outrigger will build a cryogenic Continue Reading
The Latest Texas Oil Boom Has Sent Emissions Soaring
The ongoing growth of fracking in the U.S., plus the related buildout of pipelines, refineries and petrochemical plants, will release the equivalent of 50 new coal-fired power plants over the Continue Reading
‘Deja vu’ for Colorado’s oil and gas industry as group files new ballot initiatives
Last April, Colorado Governor Jared Polis (D) said, “…it is our hope that the oil and gas wars that have enveloped our state are over,” but the conflict appears far Continue Reading
U.S. Drillers Rush To Hedge Production As Oil Prices Soar
U.S. shale producers have boosted their hedges to lock in higher oil prices for their production this year and next as oil prices shot up following the heightened tension in Continue Reading
The Hottest Permian Takeover Targets For 2020
Not counting the decade’s largest acquisition deal, the $57-billion Occidental takeover of Anadarko, 2019 saw only $39 billion in oil and gas deals. But if the $11 billion deals in Continue Reading
Bankrupt Alta Mesa Gets $310MM Bid
Alta Mesa Resources, Inc., the Houston-based energy company that filed bankruptcy in September 2019 , has received a $310 million bid for its assets from joint venture BCE-Mach III LLC. Continue Reading
This Isn’t Your Father’s Oil and Gas Rig Count
The industry’s advance beyond the rig count indicating production growth has complicated things for forecasters. Every Friday, the Baker Hughes oil and natural gas rig count gets released. This is Continue Reading
U.S. Shale Struggles To Ride Out The Storm
U.S. drilling activity continued to contract in the fourth quarter, and the sense of gloom among shale drillers in Texas remains palpable. The latest data from the Dallas Federal Reserve Continue Reading
The Biggest Wild Card In 2020 Oil Markets
Concern about global oil demand and OPEC+ production cuts are now part of the oil price landscape and few expect any surprises coming from these directions. There is, however, a Continue Reading