Latest Orphan Well Report Overestimates Number of Wells and Cost of Plugging

Orphaned wells have been making headlines recently as a potential source of methane emissions. The oil and natural gas industry and regulatory agencies have collaborated on identifying the number of these wells and finding solutions to the unique challenges they present, particularly since most of them were drilled in the 1800s and early 1900s. Most

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Chevron, Shell lead industry’s resilience at $30/Bbl Brent: WoodMac

Chevron and Shell’s upstream portfolios are the most resilient at oil price at $30 a barrel and offer the highest cash margins at $70/Bbl, according to analysts at Wood Mackenzie. Tom Ellacott and the Corporate Analysis team at the consulting firm have studied the resilience of the seven oil and gas majors: BP, Shell, Chevron,

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Colorado Democratic Senate Candidates Discuss Transition Away From Oil And Natural Gas

The Democratic Senate primary in Colorado heated up this week with two debates between former Gov. John Hickenlooper and former State House Speaker Andrew Romanoff. Unfortunately, each candidate was only asked one question apiece both nights on energy. Hickenlooper, who supported the industry while governor, discussed a “fast” transition away from “carbon-based energy” like oil

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Colorado Rising Calls It Quits On New Ballot Initiatives

“Keep It In The Ground” activist group Colorado Rising recently announced that it is abandoning its campaign to put costly new anti-oil and natural gas initiatives up for a vote in November after admitting it couldn’t gather enough signatures to qualify for the ballot. As Reuters reported: “A Colorado environmental group dropped plans to place

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North Dakota regulators approve DAPL expansion

The North Dakota Public Service Commission this week voted 3-0 to approve the proposed expansion of the Dakota Access Pipeline (DAPL), which involves building a pump station in Emmons County to help push up to twice as much crude oil through the line daily. Pipeline owner-developer Energy Transfer plans to begin construction on the facility this

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Crude gains on smaller-than-expected inventory build

Crude oil prices rose Thursday after the U.S. government reported a much smaller-than-anticipated rise in crude inventories, Kallanish Energy reports. Gains, however, were held down by continuing worries about the spread of the Coronavirus outside China. The Energy Information Administration reported yesterday crude inventories rose only 414,000 barrels for the week ended Feb. 14, compared

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IPAA Testifies Before Council on Environmental Quality on NEPA Modernization

EID’s Will Allison testified today on behalf of the Independent Petroleum Association of America before the Council on Environmental Quality. The Denver hearing is the first of two such events for CEQ to hear commentary on its proposal to update the National Environmental Policy Act. Below is Mr. Allison’s testimony: Testimony Delivered By William Allison On Behalf

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Report: Oil, Natural Gas Development Not Responsible for Pavillion’s Naturally Occurring Water Issues

Oil and natural gas development is not responsible for groundwater issues in Pavillion, according to the Wyoming Department of Environmental Quality report, Final Pavilion, Wyoming Gas Field Domestic Water Wells Report on Recommendations for Further Investigation (Final Report), released this week. This latest report represents the final chapter of the WDEQ’s more than six year-long

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U.S. Petroleum Exports Exceed Imports for the First Time Ever

For the first time in history, the U.S exported more petroleum products to overseas markets than it imported in October, according to the Energy Information Administration’s recently-released “Short-Term Energy Outlook” It represents an historic shift as the United States solidifies its role as an oil and natural gas powerhouse that’s able to provide for its

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Does the President Have the Authority to Ban Fracking?

Several Democratic presidential candidates are campaigning on promises to ban fracking on federal lands, or on some more extreme platforms – from Sens. Elizabeth Warren, Bernie Sanders and Kamala Harris – place a ban on all fracking in the United States including on private property. World leaders have advised against a U.S. ban for a

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Has the US shale oil boom peaked?

Has the technology that drove the U.S. shale boom finally peaked? One thing is clear, oil production is leveling off as innovation plateaus, according to a recent article by The Wall Street Journal. U.S. oil production increased by less than 1% during the first six months of 2019, according to the Energy Department. Over the same

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No Surprise: AOC Gets the Facts Wrong In Visit to Colorado

This past weekend, Rep. Alexandria Ocasio-Cortez (D-NY) paid a visit to Colorado and took the opportunity to tweet out fear-mongering nonsense about the oil and gas industry without bothering to confirm any facts beforehand. Namely, Ocasio-Cortez incorrectly characterized heat picked up on an infrared camera as “toxic fumes” and publicized results from volatile organic compound

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New Report Shows No Link Between Fracking and Health Problems

A scientific review of more than two dozen studies aimed at linking oil and natural gas development to poor health found no direct association between fracking and illnesses, dealing another blow to activists trying to link the two together. The new report by the Health Effects Institute’s (HEI) Energy Research Committee examined 25 studies published

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