Oil Prices Fall To Lowest Level In Four Months

Price volatility provides opportunities for traders to make handsome profits (or losses), so we took a look at midcap exploration and production equities based in the US that exhibited above-average volatility year to date. These stocks have been at least 1.5 times as volatile as the overall market: Whiting Petroleum, with a market cap of $9.23… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

The complex natural gas flaring issue associated with producing crude oil and other higher-value liquids from the Bakken Shale formation is back in the news as companies seek to address royalty payments owed for certain volumes of that flared gas. There appears to be some legal uncertainty regarding whether companies owe money to royalty owners… Keep reading →

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

Charts and Maps of America’s Amazing Shale Oil Revolution AEI Carpe Diem Blog: Below are four charts and two maps that help tell the story of America’s Amazing Shale Oil Revolution: 1. The Big Three. Yesterday, the Department of Energy’s Energy Information Administration (EIA) updated its monthly “Drilling Productivity Report” with new estimates of oil production through August… Keep reading →

OPAL Pipeline To Connect To Baltic Sea

The Keystone XL Pipeline has been studied, and studied, and studied, in fact if the permit application were a person, it would have just graduated kindergarten. However, after nearly six years of studies which show positive benefits to our economy and energy security with no significant environmental impacts  – politics are still trumping good policy.… Keep reading →

Transport Minister Visits PCK Oil Refinery

High vapor pressures can increase the flammability of crude oil and Bakken grades were determined to have higher pressures than several other common international grades refined in the US, which raises rail transport safety questions. “Given the recent derailments and subsequent reaction of the Bakken crude in those incidents, not enough is known about this… Keep reading →

FL Gov. Rick Scott Tours Dredge Site At PortMiami

The Brookings Institution, a think tank in Washington D.C., recently published “Big Bets & Black Swans – A Presidential Briefing Book” with policy recommendations for President Obama in 2014. Among a plethora of issues addressed, Tim Boersma and Charles K. Ebinger also discuss lifting the ban on U.S. oil exports. Let’s briefly assess the validity… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

The EIA recently said that U.S. oil production will peak at 9.61 million barrels per day by 2019 and thereby nearly match the 9.64 mmb/d record set back in 1970. This is great news for U.S. energy self-sufficiency aspirations. Moreover, as Rex Tillerson, CEO of Exxon Mobil, pointed out in a recent interview:”We’re already the… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

TransCanada’s CEO Russ Girling says they are not giving up on the Keystone XL Pipeline project and neither are producers seeking to ship their product through the line. The economic rationale of transporting oil via pipe rather than rail underpins the project and Girling is confident “the oil market transcends politics.” [The Hill] Eike Batista’s… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

Addressing the natural gas flaring issue in North Dakota’s portion of the Bakken Shale formation is not as simple as just connecting new wells to pipeline infrastructure. Sometimes new, high-pressure wells can overwhelm existing infrastructure and without additional compression, more frequent maintenance or expanding the system, extinguishing the flares is not feasible. The latest report… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

Those familiar with the US oil and gas industry probably saw the now famous picture of North Dakota from space at night that depicts widespread natural gas flaring. As hydrocarbon production – primarily oil – rapidly increases, new wells in remote areas often flare natural gas until gathering pipelines are constructed to transport the gas… Keep reading →

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