Energy Giants Cancel Controversial $8B Atlantic Coast Gas Pipeline Dominion Energy and Duke Energy have abandoned plans to complete construction of the estimated $8-billion Atlantic Coast Pipeline, ending a controversial seven-year quest to build the 600-mile natural gas pipeline between West Virginia and eastern North Carolina. In a July 5 […]
The Managed Marketplace in Oil and Gas Brandon Davis and Imran Khan, Swan Energy, comment on the recent bankruptcies and how that will impact the oil and gas market in the second half of the year. As the market corrects itself through the managed marketplace, the concept of alternative financing […]
Dallas Fed says Collapse Activity in the energy sector deteriorated further in second quarter 2020, according to oil and gas executives responding to the Federal Reserve Bank of Dallas Energy Survey. The business activity index—the survey’s broadest measure of conditions facing Eleventh District energy firms—fell from -50.9 in the first quarter […]
Small Business Suffering Signs According to energy author and expert Art Berman, small business is in for a rough second half of 2020. And he’s not alone either. This author says “Small Business Die Off Is Here“. Berman believes the past six months of COVID Shutdowns just sped up what […]
At a hearing of the Senate Energy and Natural Resources (ENR) Committee this week, Senator John Hoeven secured support for North Dakota’s energy priorities with Mark Menezes, the nominee to serve as Deputy Secretary of Energy. The senator urged Menezes to work with him in helping maintain the nation’s oil […]
U.S. Senator Kevin Cramer (R-ND) issued the following statement on the Department of Energy releasing a Request for Proposals (RFP) to purchase up to one million barrels of sweet crude oil for delivery to the Strategic Petroleum Reserve (SPR): “I appreciate this effort by Secretary Brouillette, especially the focus on small to […]
Great River Energy (GRE), a not-for-profit wholesale electric power cooperative providing power in Minnesota and Wisconsin, announced plans to retire its 1,151-megawatt (MW) coal generating power plant, Coal Creek Station, in Underwood, N.D., during the second half of 2022. “We are disappointed that Great River Energy has decided not to […]
According to the North Dakota Oil & Gas Division’s February 2020 Director’s Cut & Monthly Production Report, gross natural gas production in North Dakota averaged 2.9 billion cubic feet per day (Bcf/d) in 2019, an 827% increase compared with the 2010 level of 0.3 Bcf/d. Increases in natural gas production […]
In a call with Energy Secretary Dan Brouillette, Senator John Hoeven continued his push to secure federal support for the nation’s energy producers. In their conversation, Brouillette indicated to the senator that work continues on aid for the oil and gas industry. Hoeven and Secretary Brouillette are also working to […]
Senator John Hoeven (R-ND), a member of the Senate Energy and Natural Resources Committee, made the case to U.S. Treasury Secretary Steven Mnuchin, U.S Energy Secretary Dan Brouillette and U.S. Federal Reserve Chair Jerome Powell about the importance of providing oil and gas producers with access to credit through the […]
After several months of off-the-record stories from small business owners, it is more than evident there is virtually no one looking out for family businesses and sole proprietors in the oil and gas industry. Many industry leaders showed support with their words, but when the chips were down and the […]
Senators John Hoeven (R-ND) and Tina Smith (D-MN) led a bipartisan group of Senators in urging the U.S. Department of the Treasury and U.S. Small Business Administration (SBA) to clarify that rural electric cooperatives are eligible for the Paycheck Protection Program, which was created under the Coronavirus Aid, Relief, and […]
U.S. Senator Kevin Cramer (R-ND) issued the following statement on the Senate passing $475 billion in emergency funding for the Paycheck Protection Program, COVID-19 testing, and health care providers today: “I am grateful the Trump Administration and Senate Republicans were able to once again overcome the stonewalling of Democrats who […]
U.S. Senator Kevin Cramer (R-ND) issued the following statement on crude oil prices trading at a negative price today as Saudi oil tankers make their way to the United States: “Today’s collapse poses a devastating threat to our oil and gas sector, with job losses in the thousands and national […]
It’s down to four in The Crude Life 2020 March Madness Tournament. Out of the Permian Region it is No. 2 Target Hospitality taking on No. 3 Aries Buildings. Out of the Marcellus Region it is No. 1 Swan Energy Services taking on the Cinderella story of the tournament, the […]
Senator John Hoeven, a member of the Senate Energy and Natural Resources Committee, hosted Assistant Secretary for Fossil Energy Steven Winberg and Small Business Administration (SBA) North Dakota District Director Alan Haut in a video conference with the North Dakota Petroleum Council and its members, where the senator outlined: His […]
It’s Final Four action in The Crude Life 2020 March Madness Tournament. A stunning upset coming out of the Powder River Region as No. 13 seed K9 Pipe Inspections knocked off No. 2 seed Brigade Energy Service in the Elite Eight. No surprises in the Marcellus Region as No. 1 […]
It’s Elite Eight action in The Crude Life 2020 March Madness Tournament. Marcellus Region(1) Swan Energy vs. (2) Knighten Industries Permian Region (2) Target Hospitality vs. (9) The Earth’s Champion Johnny Green Bakken Region (3) Aries Buildings vs. (9) Elite Energy Services Powder River Region(2) Brigade Energy Services vs. (13) […]
Marcellus Region (1) Swan Energy vs. (2) Knighten Industries Permian Region (2) Target Hospitality vs. (9) The Earth’s Champion Johnny Green Bakken Region (3) Aries Buildings vs. (9) Elite Energy Services Powder River Region(2) Brigade Energy Services vs. (13) K9 Pipe Inspections For video action, scores and results from the […]
Marcellus Region (1) Swan Energy vs. (4) Royal Creek Consulting (2) Knighten Industries vs. (3) Probus Energy Services Permian Region(9) The Earth’s Champion Johnny Green vs. (5) Trunkline (2) Target Hospitality vs. (3) Absolute Energy Field Products & Services Bakken Region(9) Elite Energy Services vs. (5) Badlands Contracting (7) McKenzie […]
The Crude Life 2020 March Madness Tournament lived up to the hysteria and hype with No. 1 seeds MBI Energy Services and Creedence Energy Services getting upset by No. 9 seeds Elite Energy Services and The Earth’s Champion Johnny Green. The Sweet 16 will showcase intriguing match ups as companies […]
The Department of Mineral Resources was directed today by the North Dakota Industrial Commission to immediately reinstate guidelines that promote the prevention of waste of the state’s natural resources of oil and gas during the current economic climate. The Not Completed Well Waiver guidelines allow operators to apply for Not […]
U.S. Senator Kevin Cramer (R-ND) delivered the following remarks on the floor of the United States Senate today: “‘This is a tremendous opportunity to restructure things to fit our vision.’ “’Opportunity to fit our version.’ That’s a quote, not from some communist activist leader somewhere in the United States, not […]
Marcellus Region (1) Swan Energy vs. (9) WellDataBase (5) Great Lakes Research Center vs. (4) Royal Creek Consulting (11) MRC Global vs. (3) Probus Energy Services (2) Knighten Industries vs. (7) The Navitas Group Permian Region (1) MBI Energy Services vs. (9) The Earth’s Champion Johnny Green (5) Trunkline vs. […]
After two full days of cardboard-wall-to-cardboard-wall action, the first round of The Crude Life 2020 March Madness Tournament is officially in the books. There will be no 16-over-1 this year, but upsets weren’t completely ruled out. Thursday evening in the Powder River Region provided back-to-back upsets the first day, and […]
There are many joys with The Crude Life 2020 March Madness Tournament, from the competition to the upsets to the blowouts. The tournament kicked off with a bang on Thursday March 19, with second seeded Knighten Industries taking on number 15 The Energy Pragmatist and the first round ending on […]
U.S. Senator Kevin Cramer (R-ND) sent The Crude Life the following statement on the Department of Energy announcing a solicitation for the purchase oil to begin filling the Strategic Petroleum Reserve (SPR) today: “Thank you to Secretary Brouillette for moving quickly to follow President Trump’s order. This is an important initial step to combat the […]
Director of North Dakota Department of Mineral Resources, Lynn Helms, issued the below statements today following an oil price drop of more than 20% between Friday March 6th and Monday, March 9th. Over the weekend the price of West Texas Intermediate crude oil was down as much as a 34%, […]
William Prentice, CEO, Meridian Energy Group gives an update on the Davis Refinery and Walton Refinery. Prentice discusses the next step in financing and construction. Prentice said modules and foundations will not arrive to the Davis Refinery until at least one year from this summer. The Walton Refinery is currently […]
At a hearing of the Senate Energy and Water Development Appropriations Committee this week, Senator John Hoeven confirmed Energy Secretary Dan Brouillette’s visit to North Dakota in May for the Williston Basin Petroleum Conference and secured a commitment from him to include coal country as part of the trip. The […]
The North Dakota Petroleum Council (NDPC) sent a letter to the North Dakota Department of Trust Lands outlining their objections to the Land Board’s recent policy on retroactive gas deduct repayments. Link to Letter from Ron Ness, NDPC Link to Attachment A Link to Attachment B Also attached are documents […]
The garage doors rolled open at 9 a.m. and thousands of oil and gas professionals from across the globe poured into the expo floor at the George R. Brown Convention Center eager to network, learn about the latest industry happenings and make deals happen. More than 700 exhibitors filled over […]
Energy researcher John Droz comments on the environmental damage wind turbines have killing bats, birds and bees, as well as the economic impact. John Droz, Jr. is an anti-wind-power activist and founder of Alliance for Wise Energy Decisions. Droz formerly served as Senior Fellow at American Tradition Institute (now known […]
Iconic U.S. oilman Harold Hamm, who is often referred to as the “Bakken Pioneer”, will step down as chief executive of Continental Resources and become its executive chairman, the company said in a recent press release. Hamm will be replaced as CEO by William Berry, a former ConocoPhillips executive and […]
ONEOK, Inc. announced that it had put into operation its Elk Creek Pipeline, which has the capacity to move up to 240,000 barrels per day of natural gas liquids to a fractionation complex in Kansas. The much-anticipated 900-mile, $1.4 billion project will have an immediate impact on the ability of […]
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