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 […]
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 […]
The Crude Life Podcast Episode 54 April 21, 2020 Guests/Topics: The podcast begins with The Crude Life owner and host Jason Spiess issuing an apology to U.S. Senator John Hoeven and his staff for being unprofessional and “dropping a F-Bomb or two” on them. Spiess also makes a confession about […]
The Crude Life Podcast Episode 36 March 16, 2020 Guests/Topics: U.S. Senator Kevin Cramer comments on how the coronavirus is impacting the economy and energy activity. Cramer opines how Russia and Saudi Arabia are playing shenanigans with the marketplace, so much Continental Resources chairman Harold Hamm is asking for an […]
Zachary Ellis, Commercial Credit Group, talks about alternative financing in today’s industry and volatile market. Ellis explains how there are many options out there for small-to-mid-size companies. When asked to define that phrase further, Ellis said all situations are different, but an initial qualification would be companies ranging from $50K […]
The Crude Life Podcast Episode 34 March 11, 2020 Guests/Topics: Jon Clark, Clark Energy Consulting gives and update on the Oil Price War and Politics. Oil futures plummeted over the weekend after Saudi Arabia slashed prices and ramped up production in response to Russian reluctance to scale back output. Makes […]
The Crude Life Podcast Episode 33 March 10, 2020 Guests/Topics: Dr. Loren C. Scott, president, Loren Scott & Associates, gives his insight on what caused the OPEC fueled price drop over the past week. Dr. Scott also gives his opinion on why the reaction is what is it. The Chinese […]
Director of North Dakota Department of Mineral Resources, Lynn Helms, issued the below statements today following an oil price drop of more than 20% between Friday March 6th and Monday, March 9th. Over the weekend the price of West Texas Intermediate crude oil was down as much as a 34%, […]
Joe Dancy, Associate Director, Southern Methodist University Maguire Energy Institute, gives a recap of his tour of the Bakken oil fields and the conference in Medora. Trends and economic indicators are discussed in detail, from innovation shelf life to price of oil to recent layoffs. There is a reminder regarding […]
Interview: Richard Wardner, Senator Majority Leader of North Dakota In this interview, Wardner discusses the importance of Hub City support and financing in the Bakken. After explaining the genesis of “Hub Cities”, Wardner describes how the drop in oil prices caused a shortfall in revenue to some local communities. In […]
Speacil Hurricane Harvey Impact Interview: Dr. Loren C Scott, president, Loren Scott & Associates During the exclusive interview with Dr. Loren Scott, he talks about the impact of Hurricane Harvey and how it will impact other shale plays. Scott compares Harvey and Katrina and how oil and gas facilities operated […]
Interview: William Prentice, CEO, Meridian Energy Group Prentice talks about a misunderstanding with the Public Service Commission permit and the Davis Refinery coming to Belfield, ND. He also explains how they are hosting public meetings to engage with the local residents about the refinery.
Interview: Michael Filloon, Heart Streat LLC Filloon speculates whether the Bakken will enter into a short squeeze in the next few months. He also talks about the overall shale plays and how the Bakken will contribute and compete.
Interview: Daniel Stenberg, McKenzie County Economic Development Stenberg runs down the latest information involving the community of Watford City, the Bakken and the county’s economy. Stenberg also talks about the school system and how housing has changed over the past 5 years.
Interview: Luke Geiver and John Nelson, Bakken Conference and Expo Geiver and Nelson give details regarding the 3rd Annual Bakken Conference and Expo coming July 17-19 in Bismarck, ND.
Interview: Dr. Loren Scott, president, Loren Scott & Associates, Baton Rouge, LA Scott compares the Permian Basin to the Bakken oil field and explains why the Permian is now the hottest shale play in America. He also explains how companies are able to continue to drill in the Bakken by […]
Over the past decade, the energy industry has made some major technological advancements. In fact there has been so much progress, the term “energy tech” made its way into headlines, annual reports and even basic everyday jargon. This technology has allowed oil companies to reduce their overhead, increase profits and […]
Interview: Dean Bangsund, research scientist, North Dakota State University Bangsund discusses the loss in jobs over the past several years and how that has impacted a five state region surrounding the Bakken oil fields.
Interviews: Art Berman, petroleum geologist and shale play expert, Houston, TX Berman explains how the Bakken shale play is showing indicators that the best days have happened already in western North Dakota.
Interview: Curtis Shuck, president, Red River Oilfield Services, Williston, ND Shuck discusses the transition into other sectors of business in order to maintain business during the low oil prices and Bakken downturn.
Interview: Dr. Loren Scott, president, Loren Scott and Associates Talks about how OPEC has lost its power in pricing oil. He also explain what will have to happen for drilling rigs to come back to the Bakken and Niobrara. Interview: U.S. Senator Heidi Heitkamp Talks about her meeting with new […]
Interview: Lynn Helms, director, North Dakota Department of Mineral Resources Gives an overview of the major infrastructure projects still coming to the Bakken oil field. He also talks about the importance of the Williston Basin International Airport and its ripple in other industries and their community.
Interview: Lynn Helms, director, North Dakota Department of Mineral Resources Gives an update on the Bakken’s 2016 production and how 2017 looks. He also discusses projected oil prices for 2017 and rig counts.
Interview: Curtis Shuck, president, Red River Oilfield Services Curtis Shuck discusses how the Bakken has changed over the past five years and companies have had to adapt in order to stay competitive and relevant. He also talk about how the logistical and transportation chain has changed as well. The Bakken’s […]
Interview: Tiffany Steiner and Jackie Schmidt, MBI Energy Services An update on the Bakken BBQ’s theme, raffle and cooks for next summer. They also talk about how energy companies are raising money right this holiday season in the Bakken.
Interview: Brian Schneid, senior editor, SP Global Platts Scheid discusses the future of oil and gas in the Bakken as well as some other major shale plays. Scheid sees technology as the driving force and wildcard in the shale plays. The more technology increases, the less oil prices will have […]
Interview: Loren Scott, president, Loren Scott & Associates Forecasts what energy prices will look like next year to help people with their 2017 financial outlook.
Interview: Rick Norby, Mayor, Sidney, MT Talks about how the Bakken has impacted Sidney’s commerce, housing and city.
Interviews: Rick Norby, Mayor, Sidney, MT Talks about how the Bakken has impacted their city, what their future looks like and the potential consequences to the community if the Little Yellowstone dam is removed.
Interviews: Rick Norby, Mayor, Sidney, MT Talks about their dam/diversion and how the US Army Corp’s potential to remove it would spell disaster for a large portion of Eastern MT.
Tony Bender sees this protest as more than oil and sacred sites, rather having complex layers to it. Layers that are not easily understood in this instant oatmeal society. “We totally do not understand the reverence, spirituality and importance of the land of every tribe,” Bender said. “It is easy […]
Interview: Gene Veeder, director, McKenzie County Economic Development Veeder gives an overview of how the economic activity in McKenzie County. Veeder also talks about how the oil workers are phasing out of the 2-week on 2-week off workers for year round workers. He also explains why Watford City is becoming […]
Interviews: Brent Sanford, Mayor, Watford City Gives an update on the Hot Zone in the Bakken from local businesses to housing to hotels. Interview: Luther Martinez, Production Systems, Gillette, WY Talks about how the downturn has impacted their business, causing them to adjust accordingly.
Interview: Jim Volker, CEO, Whiting Petroleum Compares the Bakken to other shale plays they are in. He also talks about similarities in Colorado.
Interviews: Ken Hall, Chairman, Missouri River Resources and Executive Secretary of the MHA Nation Talks about the progress with the MHA Nation’s energy development. He also explains how the goal is to have the workforce and operators Native Americans. Interview: William Prentice, CEO and Chairman, Meridian Energy Group Gives details […]
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