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 […]
On Thursday, July 9, 2020, U.S. Secretary of Energy Dan Brouillette will travel to San Antonio, Texas to meet with energy stakeholders in the region and discuss the current state of energy markets. On Friday, July 10, Secretary Brouillette will head to Houston, Texas with Under Secretary of Energy Mark […]
U.S. Senators Kevin Cramer (R-ND) and Bob Menendez (D-NJ), Senate Banking Committee members, introduced the “Payment Choice Act,” a bipartisan bill to provide customers the freedom to choose how to pay for goods or services by prohibiting businesses from refusing to accept cash, posting signs that cash is not accepted, […]
Senator John Hoeven, a member of the Senate Energy and Natural Resources Committee, issued the following statement after Mac McLennan, President and CEO of the Minnkota Power Cooperative, testified before the Federal Energy Regulatory Commission (FERC) on the essential role of coal-fired electricity in the nation’s grid. McLennan outlined how […]
North Dakota To Give More Government Grants For Select Businesses 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 […]
William Prentice, CEO, Meridian Energy Group, Inc. comments on the North Dakota Supreme Court decision of the North Dakota District Court refusing to overturn the issuance of the air quality Permit to Construct (“PTC”) for the Davis Refinery by the North Dakota Department of Environmental Quality (“DEQ”). This Decision marks […]
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 […]
The North Dakota Oil and Gas Division was notified of a release occurring Saturday, July 4 at the User 1-28 salt water disposal well, about seven miles northeast of Alexander, North Dakota. Zavanna, LLC reported Monday that 250 barrels of brine and 3 barrels of oil were released due to […]
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 […]
Steve Heins, The Energy Pragmatist, Inc. and host Jason Spiess had a lively conversation today regarding oil and gas, capitalism and the managed marketplace. This turned out to be a point/counterpoint discussion with a big dash of humor and bluntness. First, they discussed the current spate of bankruptcy in the […]
Meridian Energy Group, Inc. announced that the North Dakota Supreme Court has upheld the earlier decision of the North Dakota District Court refusing to overturn the issuance of the air quality Permit to Construct (“PTC”) for the Davis Refinery by the North Dakota Department of Environmental Quality (“DEQ”). This Decision […]
Jackie Jenkin and Tiffany Steiner, co-founder of the Bakken BBQ, give the details for the 8th Annual Bakken BBQ rescheduled to August 21, 2020, at the West River Ice Center parking lot in Dickinson, ND. This year will bring some changes, as the coronavirus safety precautions will be administers, there […]
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 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 […]
The Crude Life host Jason Spiess joins Genneca for a weekly energy report on The Country Twins morning show. This week Spiess asks the rhetorical question if there is a Political Industrial Complex. In 1961, president Dwight Eisenhower’s farewell speech has come to be a touchstone for those with concerns […]
Kunal Patel, Dallas Federal Reserve, recaps their recent study which explains that 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 […]
Daniel Stenberg, McKenzie County Economic Development and Job Development Authority comments on the unbelievable population growth in the heart of the Bakken oil field, Watford City, North Dakota. Watford City’s population has increased 349% since 2010 according to the recently released 2019 US Census Bureau estimates. Since 2010, Watford City’s […]
Zach Ellis, Commercial Credit Group, reacts to the recent report on oil and gas from the Dallas Federal Reserve, which was not optimistic for the current state of energy. Ellis talks about how the independent finance market it starting to heat up as the Payroll Protection Program funds deadlines and […]
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 […]
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 […]
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,” […]
Jake Milne and Bailey Midkiff, W.I.C., discuss how new opportunities have added Adam Dickinson to the W.I.C. team. All three give an update from their respective professional areas in business and how the COVID Shutdown has impacted it. Examples of the the changing marketplace and new normal in the workplace […]
Zach Ellis, Commercial Credit Group, discusses diversification in industry. Ellis gives some reports from the road in the Permian basin. Ellis reacts to the recent shut ins and how some companies are responding to the ripple. The interview dives into the supply chain of the oil and gas industry and […]
Brandon Davis and Imran Khan, Swan Energy, react to a recent article in the Houston Chronicle reporting the “Energy Apocalypse” in oil and gas. Sensationalism and speculation from the media is discussed in the interview. Host Jason Spiess asks if the shift from reporting to speculating in the media has […]
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 […]
Craig Ray, Keystone Oil Fabrication, gives a history his company’s diversification in industry. From Sand Kings to Cranes to Silos, Ray discusses past pitfalls and successes in a volatile market. Ray explains the difference between “silo” and “box” in the frac sand market and what his professional opinion is. The […]
Barb Kirkmeyer, Weld County Commissioner, Colorado, describes the current energy scene in Colorado. She comments on new Governor Jared Polis and SB 181, as well as upcoming political notes of interests. Kirkmeyer is currently running for Colorado Senate District 23 with a platform promoting economic freedom, liberty and limited government. […]
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 […]
Terry Etam, End of the Fossil Fuel Insanity, BOE Report and Public Energy Number One, dives into the abandoned well issue in America and Canada. Etam explains how Canada approaches the issue of “orphan” and “abandoned” wells and cites a recent Reuters article for the American juxtaposition. Etam cites “socialist […]
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 […]
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