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Is it the beginning of the end for the Bakken?

bakken, bakken production

On March 1, 2017, petroleum geologist Art Berman wrote, “It’s the beginning of the end for the Bakken Shale play.” Berman gives several reasons why the Bakken oil fields will never return to its former glory. Here are the highlights: A decline in production that began January 2015. Berman says its “probably not reversible. New well performance has deteriorated. Gas-oil ...

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Protesters arrested for climbing inside Sabal Trail pipeline

Sabal Trail, pipeline protest

It’s okay to protest something you believe in. In fact, the right to peacefully assemble is one of the fundamental rights of Americans. But many recent protests have safety officials worried about the consequences of going too far. Yesterday’s article by Certified Safety Professional Dan Hannan addresses some of the safety concerns associated with such activity at the sites of oil ...

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Up, up and away! Rig count up another 3

oil rig, rig count, Baker Hughes

The Baker Hughes U.S. rig count continues to steadily climb, gaining another 3 rigs this week. A total of 602 rigs are exploring for oil, up 5 from last week, while gas rigs declined by 2. By state, Texas still leads the pack with 386 rigs, up 8 from last week. Alaska and Louisiana each lost two, while North Dakota ...

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ND House passes tax on private frack water suppliers

Shale boom leads US to first annual trade surplus with OPEC

In a move that defies all campaign promises, House Republicans voted to impose a newly invented tax on private businesses that provide water for the oil industry to frack oil, reports ND Watchdog Network’s Dustin Gawrylow today. Gawrylow says the Republican controlled House Appropriations Committee hid the tax increase in the Water Commission Budget, which is a “must pass bill.” ...

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Dealogic reports record-breaking M&A deals

Bakken shale play

A couple of “mega-deals,” including a $17.2 billion takeover of ONEOK Partners by its parent firm, are part of a record-breaking quarter of M&A transactions that showed total oil and gas deals at the start of 2017 are four times what they were last year during the same time-frame, reports Dave Forest of Oiloprice.com. A recent report by M&A specialists ...

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Coal dominates in Texas as energy source

texas wind energy,

According to the Electric Reliability Council of Texas, coal was the number one energy source for Texas in January, reports FuelFix. Coal provided nearly 36 percent of Texas’ energy, followed by natural gas at 30 percent and wind energy at 20 percent. Natural gas prices increased in January, which led to higher demand for the cheaper coal. Typically, natural gas is the dominant ...

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Rig count continues to creep upward

oil rig, rig count, Baker Hughes

The U.S. rig count continues to creep back up slowly, up ten Feb. 17, 2017, according to the latest Baker Hughes report. The rig count has increased for 5 straight weeks, reaching 751. The U.S. added 6 rigs exploring for oil and 4 exploring for natural gas. The current oil rig count is 597, while gas rigs number 153. One ...

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