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Rig count up 15, up 374 over last year

oil rig, rig count, Baker Hughes

The Baker Hughes rig count showed an increase of 15 over last week, bringing the current total to 824. Ten are exploring for oil, and 5 are searching for gas. Texas gained another 7 rigs, and Alaska was up 4. By basin, the Permian saw gains of of four, and one each in the Eagle Ford, Granite Wash, and Haynesville. ...

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Exec order gives coal industry hope, but no new jobs

coal industry,

President Trump’s executive order signed Tuesday rolling back Obama-era policies probably won’t bring back coal industry jobs, but it could provide the industry some much-needed breathing room to continue working on ways to stay competitive in the ever-changing energy landscape. President Trump signed his “Energy Independence” executive order surrounded by coal miners, who heard the President say many times throughout his ...

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The Rough Waters of Western North Dakota

WAWS, water, North Dakota

The first in a 5-part series on the controversial water industry of western North Dakota. Reprinted with permission.  The state of North Dakota is now experiencing a serious crossroads situation regarding the Western Area Water Supply Authority (WAWSA) and its future path.  Uncertainty is nothing new to WAWSA and its project as controversy, a questionable business plan and forceful government ...

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US involvement in Paris climate agreement in jeopardy after exec order

coal mining, climate change

President Trump delivered on a campaign promise today to roll back Obama-era climate change policy with a “much-anticipated” executive order. The order, called the “Energy Independence” executive order, directs the Environmental Protection Agency (EPA) to begin withdrawing Obama’s Clean Power Plan, which was intended to cut carbon emissions created by coal-fired power plants. The Clean Power Plan would have cut ...

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Rig count breaks 800, Permian back on top

oil rig, rig count, Baker Hughes

After a small slump last week, the Permian basin is back on top in U.S. rig count gains released March 24. The Baker Hughes U.S. rig count gained a total of 20 new rigs this week, with a total of 809 rigs exploring for oil and gas. Baker Hughes reported 21 new rigs exploring for oil and gas, totaling 652, ...

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What are the long term effects of the Dakota Access showdown?

Dakota Access

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 ...

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Crude oil: Are we seeing a short term low?

oil barrel, market quick take, crude oil market

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 ...

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Repsol announces largest U.S. oil discovery in 30 years

alaskan oil discovery, alaska oil, Repsol

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 ...

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