American shale production continues to dramatically reshape world energy markets—not only by lowering prices, but also by ensuring price stability, according to a new report by the Dallas Federal Reserve. From the report: “The oil price that companies need to profitably drill new wells has closely tracked prices for long-dated oil futures in recent years.
Read More...A two-year study, conducted by Gradient Corp., concluded gas development does not pose acute or chronic health concerns after finding no air-quality impacts that would cause potential health concerns, according to the Observer-Reporter. Over the course of the study, Gradient Corp., a Massachusetts environmental and risk science consulting firm, monitored air quality via continuous sampling
Read More...Xcel Energy, the largest utility provider in Colorado, acknowledged this week that it will need to use natural gas to hit its zero-emissions goals by 2050. The disclosure comes just six months after Xcel announced its ambitious emissions reduction plan that Gov. Jared Polis touted in his effort to move the state purely to renewable
Read More...Recent reports show that the U.S. oil and natural gas industry is driving energy sector job growth and creating opportunities that offer some of the highest wages of any sector. This incredible growth requires a well-trained workforce to fill the vast array of diverse positions – a challenge that is being met head on in
Read More...After being quiet for months, the #ExxonKnew campaign team was back to their cherry-picking ways last week when they tried to seize on a single chart —out of literally thousands of documents – to malign an energy company on the impacts of climate change. For those that need a quick refresher, two publications, InsideClimate News
Read More...New Mexico taxpayers saved more than $1,100 per household last year thanks to oil and natural gas development and other economic activity on state trust lands, according to a new report by New Mexicans for Economic Prosperity (NM4EP). State trust lands generated a record $851.9 million in revenue for the state, contributing to more than
Read More...EdgeMarc Energy Holdings, an independent producer backed by Goldman Sachs’s private equity arm and the Ontario Teachers Pension Fund, is filing for Chapter 11 bankruptcy, following an explosion in Energy Transfer’s Revolution Pipeline in Beaver County, Pennsylvania, according to Kallanish Energy. “Since the explosion of the Revolution pipeline in 2018, EdgeMarc’s production has been significantly
Read More...A newly-reorganized Colorado Oil & Gas Conservation Commission (COGCC) held another meeting today as they continue the rulemaking process for the recently passed oil and gas legislation. The meeting started with the introduction of new commissioners that were appointed by Governor Jared Polis last week. The commissioners come from a diverse array of backgrounds and
Read More...KIEV, Ukraine— United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not too distant future.” The Nord Stream 2 gas pipeline project has come under fire from the United States and several eastern European, Nordic
Read More...Jennifer StewartSenior Vice President for Government and Regulatory AffairsSouthwestern Energy Co. … … The natural gas industry is making enormous progress and, in fact, leading the way in reducing emissions, says Southwestern Energy, one its own leaders. As the world’s top natural gas producer, the United States is also leading the world in curbing emissions.
Read More...Perhaps no quote encapsulates the overall importance that the late George Mitchell held in the development of U.S. shales and the growth of America’s position in world energy markets than this one. “George Mitchell dramatically changed America’s energy position,” IHS Markit’s Daniel Yergin told Oil and Gas Investor’s Leslie Haines following the shale pioneer’s death
Read More...Global investment behemoth KKR and privately-held Western Natural Resources Monday announced they are partnering to acquire producing and undeveloped oil and gas assets in the Williston Basin. KKR’s investment amount was not disclosed, Kallanish Energy reports. Western CEO Heath Mireles and his team bring operating experience to the partnership, having drilled, completed and operated thousands of
Read More...Independent producer Roan Resources said Monday it’s hired Citigroup Global Markets and Jefferies to assist the company in evaluating “strategic alternatives,” Kallanish Energy reports. Roan said it’s received multiple unsolicited indications of interest for an outright purchase of the company, as well as inquiries from potential consolidation partners. Oklahoma-based Roan has formed a transactional working
Read More...In April 2019, Venezuela’s crude oil production averaged 830,000 barrels per day, down from 1.2 million barrels per day (Mmbpd) at the beginning of the year, according to the Energy Information Administration. Last month’s average is the lowest level since January 2003, when a nationwide strike and civil unrest largely brought the operations of Venezuela’s
Read More...May 20, 2019 Updated 5/20/2019 Email Print File photo Braig Oden Technologies Inc., a supplier of industrial automation, predictive analytics, and process monitoring and data integration systems, wants to build relationships with plastics machinery manufacturers — and the company has appointed machinery veteran Steve Braig to lead the effort. “Using Oden’s platform, machine makers can
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