Spill in the Bakken The North Dakota Oil and Gas Division was notified of a release occurring Friday, July 31 at the Dickinson-Heath-Sand Unit 23 saltwater disposal well, on the northwest edge of Dickinson, North Dakota. Scout Energy Management LLC reported Friday that 380 barrels of brine and 76 barrels […]
Trump Visits Permian, Texas President Donald Trump sought to give a morale boost to the beleaguered Texas energy industry during a visit Wednesday to the Permian Basin, while also rallying oil and gas workers against Democrats ahead of the November election. “We are telling the Washington politicians trying to abolish […]
80% of Noble Employees to be Laid Off Jeremy Pate, Swan Energy comments on the recent Chevron purchase of Noble Energy and how they are projected to lay off 80% of Noble’s employees. Pate says Swan Energy is opening up their well sharing investment program to others, especially anyone impacted […]
U.S. Senator Kevin Cramer (R-ND) joined Charles Payne on Fox Business today to discuss his legislation to streamline Paycheck Protection Program (PPP) forgiveness for small businesses. The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday. Subscribe on Apple Podcasts Subscribe on […]
Second Bakken Pipeline Shutdown Further Threatens Shale Recovery Bloomberg News reported the government is shutting down another Bakken pipeline. Earlier this month, a federal judge stunned the U.S. energy sector with an order to shut down the Dakota Access pipeline. Environmentalists hailed it as the first time a fully operating […]
North Dakota’s High Taxes Create More Energy Tension in Bakken North Dakota produces more crude oil per capita than other any large oil-producing state in the country, including nearly 10 times more than Texas. So on Friday, when the state released new oil production data for May, it hurt. Between […]
Chevron Announces $5B Takeover Of Oil And Gas Company San Ramon-based oil and gas company Chevron has bought Noble Energy for $5 billion. Noble Energy, a Houston oil and gas company, came with $8 billion in debt, according to a news release from Chevron. The $13 billion transaction comes at […]
International Investments Flying Around Imran Khan and Jeremy Pate, Swan Energy, discuss some of the recent natural gas investment activity from Warren Buffet buying pipelines to Mexico’s desire for our gas to Lake Charles, Louisiana. “I think it is very telling right now with all the foreign capital that is […]
Warren Buffett Ends His Deal Drought with $10 Billion Bet on Energy Warren Buffett finally found his next crisis-era deal. His Berkshire Hathaway Inc., which has stayed relatively quiet during the tumult of the coronavirus pandemic, broke its silence at the end of a holiday weekend with its biggest acquisition […]
Permian, Delaware Active and Colorado is Phenomenal Brandon Davis, Swan Energy Inc., share some insight and information on where rigs are operating. “I see good opportunities as far as cash flow working, right now there are some in the Permian and Delaware,” Davis said. “And all of the DJ Basin […]
Coronavirus Potential Revenue Gains For Davis Refinery William Prentice, Meridian Energy Group Inc., explains how much revenue the refinery would have generated since the beginning of the year and how they would have responded to the coronavirus. “Looking back over the past six months, had the Davis Refinery been in […]
North American Oil And Gas Companies Continue To Go Bankrupt At $40 Oil The rash of oil and gas bankruptcies in North America is set to continue for the remainder of 2020, a report by Haynes and Boone cited by Reuters shows. After the coronavirus pandemic and oil price war […]
The North Dakota Department of Commerce will be leading a Special Business Briefing call Thursday, July 9, at 11 a.m. (CST) introducing the new Economic Resiliency Grant (ERG) available to North Dakota businesses, as approved by the Budget Section at its June 25 meeting. The purpose of the ERG is […]
Keystone XL Pipeline Halted For More Studies U.S. District Judge James Boasberg said in April that the pipeline remains “highly controversial” under federal environmental law and a more extensive review was necessary than the environmental assessment that was done. On Monday, the judge wrote that even though the disruption will […]
A federal judge has ordered the Dakota Access pipeline to shut down until more environmental review is done. The pipeline has been carrying oil for three years. U.S. District Judge James Boasberg said in April that the pipeline remains “highly controversial” under federal environmental law and a more extensive review […]
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 […]
First flights conducted for new Babcock oil-and-gas contract The first flight for Babcock’s new five-year contract for helicopter operations out of Sumburgh, Shetland, took place on July 1, 2020. Current plans will see Babcock’s Offshore business initially conduct more than 100 flights a month to oil-and-gas installations in the Northern […]
Shale Play Bitcoin Tom Masiero, Great American Mining, gives an update from his Bitcoin mining endeavors across Shale Play USA. Masiero explains how the Bakken’s marketplace has been created due to regulations whereas in Texas capitalism still exists, for now. Masiero reacts and responds to the recent discussions by the […]
The Big Big Big Players The oil and gas sector is notorious for booms and busts. The ongoing bust cycle, however, is beginning to look like the new norm with investors continuing to give the sector a wide berth. Oil and gas stocks have fallen so much that you would […]
The following is a press release from the state of Colorado: Gov. Polis today announced new appointments to the Colorado Oil and Gas Conservation Commission. Last year, the Governor signed the landmark SB19-181, which transitions the commission from 9 appointees to a professional 5-member commission. “This landmark law protects health […]
From Frac Sand to Aggregate Zach Ellis, Commercial Credit Group, discusses diversification in industry. Ellis gives a reports from the road about a frac sand hauler having to diversify his business into other areas. “I was in the Permian last week and visited a couple customers and one was looking […]
Innovation Impacts Industry with a Double Edged Sword Craig Ray, Keystone Synergies, explains how quickly innovation changes in Shale Play USA. Ray gives an example from the frac sand area of oil and gas. “When OSHA came out and said they wanted to decrease acceptable levels of respiratable dust, silica […]
The North Dakota Industrial Commission approved a plan to spend $33.2 million in federal CARES Act funds towards a program that will reclaim abandoned and orphan oil well sites. “We believe we will employ probably close to 600 North Dakota CAT operators, dirt work people, roustabouts, restoration of these sites,” […]
Misleading Hope Aaron Jordan, Black Water Environmental, talks about the word “hope” and how it can be used in misleading ways in industry and business. “Hope should never be used in an industrial sense. Ever. You don’t hope you are going to be safe. You don’t hope you have the […]
Getting Up To Code Aaron Jordan, Black Water Environmental, gives an update from the field and how companies are taking this time to clean and get up to code in some areas. “I actually have a crew in south of Gillette, Wyoming, and they are bouncing from five different salt […]
U.S. Senators Kevin Cramer (R-ND) and Martha McSally (R-AZ) wrote a letter to BlackRock CEO Larry Fink today asking him to explain BlackRock’s support for Chinese companies who ignore US financial regulations and the firm’s hostility toward domestic energy producers. The letter comes ahead of Federal Reserve Chairman Jay Powell’s appearance before the Senate Banking Committee. […]
Diversity in Energy Aaron Jordan, Black Water Environmental, shares an update from Wyoming’s energy scene. Jordan explains how they have had to diversify themselves during the COVID-19 Shutdown. “We’ve been on sites where we been sequestered where we’ve had to work weird hours and do different kinds of check in […]
Fight For Your Mineral Rights Mark Fox, chairman, The Mandan, Hidatsa and Arikara Nation (MHA Nation), explains how the Department of the Interior reversed a treaty going back to 1825 by issuing an opinion that overturned three prior decisions from the department giving the state of North Dakota the rights […]
According to the recent North Dakota Mineral Resource’s Director’s Cut, North Dakota crude oil production dropped by an average of more than 200,000 barrels per day in April in response to a steep drop in oil prices. This equals about a 15% drop. Click here for April Production Results Click […]
New Oil and Gas Law In Colorado The state of Colorado adopted new rules Wednesday requiring more steel casing and cement in drilling wells to protect groundwater. The new law also requires that every well in the state be pressure tested every year. According to the Colorado Oil and Gas […]
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 […]
Zach Ellis, Commercial Credit Group, shares an example of how people in the oil and gas industry are diversifying their services in order to stay keep revenues going. Commercial Credit Group Inc. is an independent, commercial equipment finance company that provides secured loans and leases to small and mid-sized businesses […]
Senator John Hoeven sent The Crude Life the following statement after the Environmental Protection Agency (EPA) proposed reforming its cost-benefit analysis for new regulations issued under the Clean Air Act to provide more transparency and certainty. The agency is seeking to develop future analyses in a consistent manner that includes […]
Curtis Shuck, Well Done Foundation, gives some history of the abandon and orphan wells in the United States. Shuck believes his 30 years of oil and gas experience has created an opportunity to create positive endeavors for industry and communities. Many of the wells are on farms or ranches or […]
North Dakota became the latest state to discuss the idea of issuing government-mandated production cuts following the recent oil price collapse amid the coronavirus pandemic and COVID Shutdown. Regulators received a mix of views on the issue, with many stating they would prefer to leave the decision to the market […]
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