The standoff at the site of the Dakota Access pipeline is still fresh. It represents a moment in North Dakota history that won’t easily fade. The manner in which the situation played out could have farther reaching impacts than we ever thought possible. Hart Energy’s Political Sidetrack Podcast features Troy Eid, an experienced attorney on Native American consultations for energy and ...

Today’s Market Quick take from Eugene Graner at Heartland Investor Services gives us a quick 4 1/2 minute update on the crude oil markets and short term outlook. Inside this 4 ½ minute video, he shows how oil might bounce from some support before the second shoe drops. Today’s low of $47.70 shows a price decline, despite a projection that EIA data ...

In 2012 Duane Sand left his political pursuits in the dust to jump into the business of industrial frack water in the Bakken. As president of North Star Water and Whitehorse Water, Sand built multiple water distribution systems to provide frack water for the oil industry.  Between that and his political background, Sand has a unique perspective to the way ...

The Baker Hughes North American Rig Count continues to climb. This week, the US total climbed by 12 total rigs to 768. Two offshore rigs were added, while 9 land rigs and one in inland waters. Eight of the new rigs are exploring for oil while 5 of the additions are exploring for gas. Despite the largest US oil discovery ...

Spanish oil company Repsol announced what it is calling “the largest U.S. onshore discovery in 30 years,” according to a March 9 press release. Repsol, and its partner Armstrong Energy discovered what they believe is approximately 1.2 billion barrels of recoverable light oil from Alaska’s North Slope in the Nanushuk play. Repsol isn’t new to Alaska. The company has been ...

According to the U.S. Energy Information Administration March 8, 2017 report, U.S. natural gas production and crude production both fell in 2016. Average crude oil production in the lower 48 states in 2016 fell to 8.39 million barrels per day (b/d). This is a decrease of 6.1 percent from the 2015 average, or approximately 0.55 million b/d. Natural gas withdrawals also decreased ...

A “winter rally high” in January showed oil at a high around $55 per barrel. Eugene Graner, from Heartland Investor Services, walks us through crude oil prices and what he thinks the market will do next, including a discussion of OPEC and crude oil inventories. Visit Heartland to see this week’s Market Quick Take video. About Heartland Investor Services: Heartland Investor Services ...

The Baker Hughes rig count rose to 756 this week, with a gain of 7 rigs exploring for oil and gas. The U.S. gas rig count dropped by 5, according to data from Baker Hughes March 3. According to Business Insider, WTI crude oil futures are headed for a weekly loss of 1.5%, following data from the Energy Information Administration ...

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 ...

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 ...