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Deadline to clear protest camp prompts fiery farewell

dakota access protest fires

The deadline for protesters to vacate the premises of the Oceti Sakowin camp near the construction of the controversial Dakota Access camp saw about 200 protesters “ceremoniously march” through the camp only 30 minutes before the eviction took place, reports the Huffington Post today. On their way out, some of the remaining activists set fire to a some of the ...

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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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Will OPEC continue to cut production?

Photo: Nick Taylor via Flickr.

Ten OPEC countries achieved 91 percent of their required cuts in January, according to an S & P Global Platts survey released on Monday. In the agreement signed last year, OPEC countries promised to cut 1.2 million b/d for six months and freeze production at 32.5 million b/d for six months in 2017. This includes production by Indonesia, whose OPEC membership is ...

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Movin’ on up! Rig count gains 18

oil rig, rig count, Baker Hughes

The Baker Hughes rig count showed another generous gain Friday. After a large jump last week, the number continues to climb. Of the 712 total, 566 are exploring for oil, 145 are exploring for gas, and 1 is labeled miscellaneous. Offshore, the rig count dropped by 3. The Permian Basin continues to stand out, claiming over half of the total ...

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TransCanada announces submission of Keystone XL Permit application

Keystone XL, TransCanada

In the wake of President Trump’s executive order earlier this week regarding the Keystone XL Pipeline and the Dakota Access Pipeline, TransCanada announced it has submitted a Presidential Permit application to the U.S. Department of State for approval of the controversial Keystone XL Pipeline. TransCanada asserts the pipeline project will create tens of thousands of well-paying jobs and “generate substantial ...

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Trump overturns Obama’s block on Dakota Access, Keystone

The Keystone Oil Pipeline is pictured under construction in North Dakota in this undated photograph released on January 18, 2012. TransCanada Corporation Handout Photo

On just his second full day in office, President Trump signed paperwork that renegotiates the terms of two pipelines. The Dakota Access Pipeline, running from North Dakota’s Bakken oilfields to Illinois, and the highly disputed Keystone XL, which would bring oil from the Canadian oil sands in Alberta to the Gulf Coast, both received Trump’s golden stamp of approval in an ...

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Texas increases lead huge rig count jump

oil rig, rig count, Baker Hughes

It’s definitely not a little hop, or even a skip. This week’s rig count jump might even be classified as a huge leap of faith as reports across the industry indicate a the oil and gas industry is on the road to recovery. This week, large acquisitions–on by Exxon Mobil and another by Noble Energy–indicate further optimism that activity will ...

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Short-Term Energy Outlooks anticipates gains in oil, natural gas

Oil production in North Dakota dropped by about 30,000 barrels per day in January. (Image: Joel Tysver)

On Tuesday, the Energy Information Administration (EIA) released its Short-Term Energy Outlook, which includes its first forecasts for 2018. A more detailed look at the EIA’s crude oil forecast was released Thursday, January 12. The report slightly reduced its forecast for dry natural gas production in 2017 to 43.78 billion cubic feet per day. In 2016, drilling activity slowed due to ...

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