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Rig count increases for 17th week in a row

oil rig, rig count, Baker Hughes

According to the May 12 Baker Hughes rig count, drillers added 8 rigs for a total of 885 total rigs exploring for oil and gas. It’s the 17th straight week of increases. The count is up 479 from last year at this time. Oil rigs increased by nine, while the total rigs exploring for gas dropped by one. It’s no surprise ...

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Methane rule pits ND leaders against one another

Heidi Heitkamp, methane rule

The U.S. Senate rejected a resolution to revoke the Obama-era rule to limit methane emissions from oil and gas production on federal lands, reports Reuters. The inability to revoke the law is seen as a direct blow to the Trump and his ability to “free the drilling industry from what he sees as excessive environmental regulation.” On the campaign trail ...

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Permian rig count up, Marcellus down

oil rig, rig count, Baker Hughes

While the gain in the rig count is less than it has been the past few weeks, today’s number still shows an increase of 7 new rigs exploring for oil and gas, according to the latest numbers from Baker Hughes.  It isn’t surprising that the Permian Basin is still the hot spot, with an increase of 7 new rigs for ...

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North Dakota state government is picking winners and losers

WAWSA, North Dakota, Western Area Water Supply Authority

This is the third article in a series addressing water issues in North Dakota.  Every legislative session and campaign season, some politicians will utter the phrase “we can’t be picking winners and losers”.  This statement is often meant to squelch any conversations regarding subsidies for businesses and industries. A statement used primarily by republicans as a talking point and syntactical ...

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Texas rig count ramp up continues

oil rig, rig count, Baker Hughes

This week’s Baker Hughes North America Rotary Rig Count showed another week of increases in Texas, with an addition of 11 new rigs exploring for oil and gas. The U.S. total rigs is now 870, up 13 from last week. Nine of those rigs are exploring for oil, while 4 are searching for gas. The Gulf of Mexico lost 3 ...

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Rig count continues steady upward climb

oil rig, rig count, Baker Hughes

While Canada lost 19 rigs this week, the U.S. Baker Hughes rig count continues its steady upward climb. With fourteen straight weeks of increase, it doesn’t seem as though it will stop anytime soon. This week’s total is up ten from last week. Of the 857 rigs, 688 are exploring for oil, while 167 are exploring for gas. Two rigs ...

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How to power the whole world? Ask Elon Musk.

Elon Musk

While pipelines are approved and rig counts go up, Elon Musk and Leonardo DiCaprio are talking lithium ion batteries, climate change and alternative energy. Is all of this just talk, or is there some truth to their rhetoric? We actually did the calculations to figure out what it would take to transition the whole world to sustainable energy. You’d need ...

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How much energy did Americans use in 2016?

US energy usage, energy consumption

Last week, the Lawrence Livermore National Laboratory released its latest energy flow chart depicting American energy usage in 2016. The laboratory releases a fantastic, compact little diagram showing the sources of U.S. energy, what it’s used for, and how much of it is wasted. Vox does a great job of explaining this little graph, which measures energy consumption in what ...

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Eugene Graner: $60 oil will have to wait

Texas oil, pumpjack

Eugene Graner, with Heartland Investor Services, released his latest Market Quick Take. Despite a desire for $60 oil by OPEC, domestic shale producers, and many others, we don’t always get what we want. Instead, it looks likes $60 oil might be just out of reach. Graner mentions there are several technical and fundamental obstacles keeping oil from going up. Consistent ...

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