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Trump’s “Contract” promises to lift roadblocks to allow Keystone XL, other pipelines

pipeline, keystone xl, dakota access

Amidst Dakota Access Pipeline (DAPL) protests, Keystone XL rises from the dead. Many didn’t think it would ever happen after a denial of necessary permits for its completion by President Obama and the State Department. The Keystone Pipeline System, commissioned in 2010, would run from the so-called “tar sands” in Alberta, through Montana (just west of the Bakken oil field) to ...

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Reuters: Dakota Access will not be re-routed

Dakota Access Pipeline, pipeline construction

Energy Transfer Partners LP Chief Executive Officer Kelcy Warren said the company will not consider rerouting its Dakota Access oil pipeline despite concerns voiced by U.S. native groups, according to an Associated Press interview published on Friday. President Barack Obama said earlier this month that the government was examining ways to reroute the pipeline. Energy Transfer did not immediately respond ...

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Pipeline protests escalate, more arrests

pipeline protest, Dakota Access

Demonstrators fanned out across North America on Tuesday to demand the U.S. government halt or reroute the Dakota Access pipeline as the companies behind the controversial project asked a federal court for permission to complete it. In what organizers said were the largest demonstrations to date against the pipeline, thousands of people rallied outside Army Corps of Engineers offices, banks ...

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U.S. rig count declines by 1 to 568

oil rig, rig count, Baker Hughes

Baker Hughes’ latest rig count report shows the number of rigs drilling for oil rose by two this week to 452. Rigs drilling for natural gas was down 2. The total rig count fell by one to 568, still higher than the May low of 404. Total offshore rigs are down 12 from last year at this time. States losing ...

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Trump election shows promise for oil and gas industry

harold hamm endorses donald trump

The U.S. oil and gas industry shows tentative hope that a new Trump administration will “re-ignite growth in the sector,” according to a Forbes article Friday. Frank Murphy, managing director of RW Baird, said: The 45th president will likely remove regulatory impediments imposed by the Obama administration that have stymied oil and gas drilling and infrastructure buildout. Forbes reported Murphy ...

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Hamm joins Trump’s short list of cabinet prospects

trump, hamm, cabinet

As the dust settles from this year’s presidential election, conversation has already turned to Donald Trump’s proposed cabinet. Big names like Rudy Guiliani, former New York City Mayor, and other “like-minded CEOs,” top the list for positions in Trump’s cabinet. What does this mean for the oil and gas industry? One of the industry’s most prominent businessmen could hold a ...

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Will Hess add new Bakken rigs in 2017?

Bakken, Hess

More rigs for the Bakken are in the 2017 Hess plan, according to company president and CEO John Hess, who was speaking about the company’s game plan in their third-quarter earnings call. Hess reported a net loss of $339 million, or $1.12 per common share for the third quarter, which compares to a net loss of $279 million or 98 ...

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Iran makes $6 billion deal with Total, CNPC

total SA, Iran

According to the Wall Street Journal, Iran plans to sign a preliminary $6 billion deal with Total SA on Tuesday to help develop an onshore gas field. The move by Total is the first return by a Western energy company since sanctions were lifted this year. Total was long one of the most active Western oil companies in Iran, and ...

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Continental Resources plans to complete 29 Bakken wells

energy, 2016, year in review

Continental Resources’ Bakken production averaged nearly 108,000 b/d of oil equivalent in the third quarter of 2016, down 14% or more than 17,000 boe/d from the previous quarter, but the Oklahoma City-based producer plans to boost production in its North Dakota and Montana plays before the end of the year. “We’ve begun harvesting our valuable Bakken inventories,” Harold Hamm, Continental’s ...

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