Alliant Energy’s West Riverside Energy Center Goes Into Service

May 15, 2020 jasonspiess 0

Alliant Energy customers in Wisconsin are now receiving energy from the newly constructed West Riverside Energy Center. The 730-megawatt, highly efficient, combined-cycle natural gas generating station is located near Beloit, Wisconsin. During construction, more than 1,000 jobs were created and millions of dollars spent to support Wisconsin businesses. The generating […]

Hoeven, Burgum Visit President Trump at White House

May 14, 2020 jasonspiess 0

Gov. Doug Burgum and U.S. Senator John Hoeven met with President Donald Trump at the White House, highlighting the benefits of state-federal partnerships to North Dakota’s COVID-19 response and recovery efforts and the need for continued federal support to fully execute the state’s testing strategy. During the White House meeting […]

Davis: We’re Buying Gas Leases Now!

May 12, 2020 jasonspiess 0

Brandon Davis, Swan Energy, explains why their energy company is going heavy natural gas in the future and are looking to buy up fields right now. Davis says they have already looked at about 100 leases and are continuing their search for natural gas opportunities. He estimated they will add […]

ND Oil Waste Hearing Set For May 20th

May 11, 2020 jasonspiess 0

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 […]

ND Submits Brief Supporting Keystone XL Pipeline

May 11, 2020 jasonspiess 0

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 […]

CNBC Says Oil to Turn Positive

May 11, 2020 jasonspiess 0

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 […]

Ellis: Update from the Permian Basin, Money Talk

May 7, 2020 jasonspiess 0

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 announces to retire Coal Creek Station in 2022

May 7, 2020 jasonspiess 0

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 […]

Castañeda: Texas RRC Comments, Flaring and T. Boone Pickens

May 6, 2020 jasonspiess 0

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 […]

North Dakota flared 19% of its natural gas production in 2019

April 30, 2020 jasonspiess 0

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 […]

Swanson: Force Majeure Examples Now Starting In Oil and Gas

April 29, 2020 jasonspiess 0

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 […]

Shepstone: Small Business Important in Oil and Gas, Economy

April 28, 2020 jasonspiess 0

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 […]

Cottrell: Will Trump Consider Force Majeure of Oil and Gas?

April 27, 2020 jasonspiess 0

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 […]

Helms: What Rig Count Zero Means in a Shale Play

April 25, 2020 jasonspiess 0

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 […]

Masiero: Bitcoin Can Help During Negative Oil Prices

April 24, 2020 jasonspiess 0

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 […]

Scott: Earth Day Past Influenced Oil Issues of Today

April 22, 2020 jasonspiess 0

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 […]

Clark: Negative Oil Prices and What’s Next

April 21, 2020 jasonspiess 0

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 […]

Senate Passes $475 Billion in New COVID Funds

April 21, 2020 jasonspiess 0

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 […]

Bitcoin Could Help Negative Oil Prices

April 20, 2020 jasonspiess 0

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 […]

Masiero: Emission Management and the Digital Pipeline

April 19, 2020 jasonspiess 0

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 […]

Light It Up: FREE MONEY!!!

April 17, 2020 jasonspiess 0

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 […]

Jordan: Business is Picking Up in Wyoming

April 17, 2020 jasonspiess 0

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 […]

Was the CARES Act a Bait and Switch?

April 16, 2020 jasonspiess 0

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 […]