The Oil and Gas Division of the Department of Mineral Resources has scheduled a special hearing to address the oil price that constitutes waste pursuant to North Dakota Century Code § 38-08-02(19); the consequences of determining that waste is occurring, and what relief may be appropriate and necessary to prevent […]
North Dakota Attorney General Wayne Stenehjem filed an amicus brief last week that opposes a possible ruling to vacate the easement granted by the Army Corps of Engineers for the Dakota Access Pipeline. Such a ruling would effectively shut down the 570,000 bbl/day crude oil pipeline. Judge James Boasberg issued […]
According to CNBC, oil prices reversed gains and turned positive on Monday after Saudi Arabia’s energy minister said the kingdom aims to provide additional voluntary cuts in an effort to support global markets. Brent crude futures gained 26 cents to trade at $31.23 per barrel, U.S. West Texas Intermediate crude […]
Zach Ellis, Commercial Credit Group, gives an update from the Permian Basin in Texas. Ellis describes the scene after stopping by over 25 businesses. Josh Trujillo and Robert Grant of Green Earth explain how their decontamination research and development project with the Department of Defense essentially got fast tracked to […]
Zach Ellis, Commercial Credit Group, gives an update from the Permian Basin in Texas. Ellis describes the scene after stopping by over 25 businesses. The interview dives into the CARES Act bail out packages and how that becomes government competition for those hustling trying to sell alternative financing. Factoring is […]
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 […]
Chrysta Castañeda gives her thoughts from the Texas Railroad Commission regarding their recent decision to not intervene with the oil and gas production in Texas. Castañeda cites flaring and supply capacity a couple examples of areas she would have liked to see more discussion, exploration or different direction from the […]
Matt Kruse, AE Parters, gives an update on the job market in the oil and gas industry. Kruse said there are not many places hiring right now, but conversations are still being had about the types of jobs that are being created and changed. Kruse comments on the recent stories […]
The Crude Life host Jason Spiess joins Genneca for a weekly energy report on The Country Twins morning show. Spiess talks about Swan Energy‘s recent announcement of acquiring natural gas leases. He mentions a couple examples of positive energy activity out in a world dominated by doom and gloom stories. […]
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 […]
Tom Masiero, Great American Mining, discusses Bitcoin Mining in the Bakken and how blockchain could be entering into oil and gas sooner than later. Masiero explains how the Chinese integration of blockchain into oil and gas will be relevant in the United States very soon. Many in China believe it […]
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 […]
Josh Swanson, Vogel Law Firm, talks about the recent examples of “force majeure” popping up in the oil and gas industry. From Oklahoma Governor Kevin Stitt’s letter to President Donald Trump to Continental Resources, force majeure is being seen more and more in industry. Swanson discusses the potential issue of […]
Tom Shepstone, NaturalGasNow.org, gives an update on the recent COVID-19 Shutdown and coronavirus impact on the oil and gas industry in the Marcellus Region. Shepstone also goes a bit deeper in his update on the conversations about people living with a taste of socialism. Shepstone responds to the question of […]
Chris Cottrell, Winston and Strawn Law Offices, returns to The Crude Life to discuss the recent developments in the “Force Majeure” clause in oil and gas contracts. Oklahoma Governor Kevin Stitt sent a letter to President Donald Trump asking him to declare the coronavirus a “pandemic” or “epidemic” in order […]
Lynn Helms, Director, Department of Mineral Resources, recalls what life was like during the last bust when rig counts reached zero in the Bakken. Helms was a week into his job when this historic feat occurred. Helms explains some of the logistics behind going from several rigs to zero rigs […]
The Crude Life host Jason Spiess joins Genneca for a weekly energy report on The Country Twins morning show. Spiess talks about the recent Payment Protection Program and how it allowed banks to become the administrators of close to a trillion dollars worth of government assistance. As of this interview, […]
Tom Masiero, Great American Mining, comments on how Bitcoin could assist in the negative oil price issue. Masiero explains how the digital pipeline is built and producers can utilize and even profit on their flared or stranded natural gas. Masiero comments on how this technology could effectively become a subsidy […]
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 […]
Energy and economic expert Dr. Loren Scott talks about how the one day of negative oil prices impacted the market and industry. From the futures markets to contractual nuances, the negative oil prices left scars. Dr. Scott also comments on the long term impacts of Saudi Arabia and Russia’s recent […]
Jon Clark, Clark Energy Consulting comments on the low oil prices as well as the negative price impact. Clark relays some information from his phone calls, emails and news research regarding the direction of some of the major players as well as the direction of the industry. The Crude Life […]
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 […]
Zach Ellis, Commercial Finance Professional, comments on a rash of recent stories in the media regarding banks going after oil and gas companies’ equipment. Here are a couple articles for reference. Big Banks Set To Seize Shale Oil Assets Exclusive: U.S. banks prepare to seize energy assets as shale boom […]
Tom Masiero, Great American Mining, comments on how Bitcoin could assist in the negative oil price issue. Masiero explains how the digital pipeline is built and producers can utilize and even profit on their flared or stranded natural gas. Masiero comments on how this technology could effectively become a subsidy […]
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 […]
The Crude Life Podcast Episode 53 April 20, 2020 Guests/Topics: Jon Clark, Clark Energy Consulting, gives his thoughts and comments after the Texas Railroad Commission meeting on April 14, 2020. In Texas, an economic powerhouse, the outbreak and oil shock have created huge risks for the states’ historically strong energy […]
Tom Masiero, Great American Mining Company, explains how cryptocurrencies like bitcoin are creating a digital pipeline to assist in emission management. Masiero continues into how the digital world has integrated into oil and gas in areas beyond emission management. The interview also dives into how the future of cash and […]
Thomas Funderburk, Lone Star GeoServices, explains how the highly touted Economic Injury Disaster Loans and Loan Advance is not exactly what the political leaders are disclosing it to be. James Coleman, Associate Professor at Southern Methodist University Dedman School of Law, gives an update from the Texas Railroad Commission meeting […]
The Crude Life host Jason Spiess joins Genneca for a weekly energy report on The Country Twins morning show. This week Spiess recaps a week of interviews and discussions with staff from US Senators, Federal Reserve, small businesses and banks. One theme from the PPP and EIDL loans known as […]
Dave Chaput, sales and Aaron Jordan, president, Black Water Environmental give an update on how their company is adapting to the COVID-19 Shutdown and coronavirus pandemic. Jordan says despite the news in the media, their company is busier than ever. Jordan walks through some recent tough business decisions like hiring […]
Thomas Funderburk, Lone Star GeoServices, explains how the highly touted Economic Injury Disaster Loans and Loan Advance is not exactly what the political leaders are disclosing it to be. Funderburk, a sole proprietor, with a wife and three kids, chose a path of small business to be a family man […]
Zachary Ellis, Commercial Credit Group Inc., discusses the CARES Acts loan programs. The EIDL purpose is to meet financial obligations and operating expenses that could have been met had the disaster not occurred (amount of any EIDL advance is forgiven). Terms Up to $2 million 3.75% for businesses 2.75% for […]
Brad Hollier, MSL Oilfield Services, give an update on how their company is adjusting to the COVID-19 Shutdown and coronavirus pandemic. Hollier gives an update on their European energy activity as well as the United States. Hollier also describes Houston’s current commerce scene. The interview dives into innovation and environmental […]
Bruce Bullock, Maguire Energy Institute at SMU Cox School of Business comments on the historic Texas Railroad Commission meeting regarding the reduction of oil production. Observations from the meeting ranged from environmental angles to OPEC to more value to mineral owners. Texas bravado and their power is also discussed in […]
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