Trump Visits Permian, Texas President Donald Trump sought to give a morale boost to the beleaguered Texas energy industry during a visit Wednesday to the Permian Basin, while also rallying oil and gas workers against Democrats ahead of the November election. “We are telling the Washington politicians trying to abolish […]
80% of Noble Employees to be Laid Off Jeremy Pate, Swan Energy comments on the recent Chevron purchase of Noble Energy and how they are projected to lay off 80% of Noble’s employees. Pate says Swan Energy is opening up their well sharing investment program to others, especially anyone impacted […]
U.S. Senator Kevin Cramer (R-ND) joined Charles Payne on Fox Business today to discuss his legislation to streamline Paycheck Protection Program (PPP) forgiveness for small businesses. The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday. Subscribe on Apple Podcasts Subscribe on […]
Second Bakken Pipeline Shutdown Further Threatens Shale Recovery Bloomberg News reported the government is shutting down another Bakken pipeline. Earlier this month, a federal judge stunned the U.S. energy sector with an order to shut down the Dakota Access pipeline. Environmentalists hailed it as the first time a fully operating […]
North Dakota’s High Taxes Create More Energy Tension in Bakken North Dakota produces more crude oil per capita than other any large oil-producing state in the country, including nearly 10 times more than Texas. So on Friday, when the state released new oil production data for May, it hurt. Between […]
Chevron Announces $5B Takeover Of Oil And Gas Company San Ramon-based oil and gas company Chevron has bought Noble Energy for $5 billion. Noble Energy, a Houston oil and gas company, came with $8 billion in debt, according to a news release from Chevron. The $13 billion transaction comes at […]
U.S. Senator Kevin Cramer (R-ND) led a letter today to Senator Chuck Grassley (R-IA), Chairman of the Senate Finance Committee which has jurisdiction over tax policy, urging him to oppose another wind production tax credit (PTC) extension. “The wind production tax incentive was originally intended by Congress to support a […]
International Investments Flying Around Imran Khan and Jeremy Pate, Swan Energy, discuss some of the recent natural gas investment activity from Warren Buffet buying pipelines to Mexico’s desire for our gas to Lake Charles, Louisiana. “I think it is very telling right now with all the foreign capital that is […]
U.S. Senator Kevin Cramer (R-ND), Chairman of the Senate Environment and Public Works (EPW) Subcommittee on Fisheries, Water, and Wildlife, sent The Crude Life the following statement on President Donald J. Trump announcing his Administration finalized its rule to update National Environmental Policy Act (NEPA) regulations today: “President Trump wants […]
Senator John Hoeven, a member of the Senate Energy and Natural Resources Committee, held a virtual roundtable with members of the Lignite Energy Council to discuss his efforts to support coal in the nation’s energy mix and ensure the country continues to harness this abundant energy resource. This includes: Ensuring […]
East Texas, Haynesville Long Plays Brandon Davis, Swan Energy, explains why some current investment in oil and gas may be 5-year plays right now. He also shares his thoughts on the reduction of drilling costs making $40-$45 oil profitable. “A lot of opportunity in East Texas and Haynesville right now. […]
Warren Buffett Ends His Deal Drought with $10 Billion Bet on Energy Warren Buffett finally found his next crisis-era deal. His Berkshire Hathaway Inc., which has stayed relatively quiet during the tumult of the coronavirus pandemic, broke its silence at the end of a holiday weekend with its biggest acquisition […]
Senator John Hoeven sent The Crude Life the following statement after the U.S. Court of Appeals for the D.C. Circuit issued an administrative stay temporarily preventing the district judge’s shutdown order by August 5, allowing the Dakota Access Pipeline to continue operating while the appeals court considers arguments. “The Dakota […]
Permian, Delaware Active and Colorado is Phenomenal Brandon Davis, Swan Energy Inc., share some insight and information on where rigs are operating. “I see good opportunities as far as cash flow working, right now there are some in the Permian and Delaware,” Davis said. “And all of the DJ Basin […]
Coronavirus Potential Revenue Gains For Davis Refinery William Prentice, Meridian Energy Group Inc., explains how much revenue the refinery would have generated since the beginning of the year and how they would have responded to the coronavirus. “Looking back over the past six months, had the Davis Refinery been in […]
North American Oil And Gas Companies Continue To Go Bankrupt At $40 Oil The rash of oil and gas bankruptcies in North America is set to continue for the remainder of 2020, a report by Haynes and Boone cited by Reuters shows. After the coronavirus pandemic and oil price war […]
U.S. Senators Kevin Cramer (R-ND) and Kyrsten Sinema (D-AZ), Senate Banking Committee members, last week introduced bipartisan legislation to establish a workplace safety tax credit to help small businesses and nonprofits implement COVID-19 prevention measures. “As small businesses seek to reopen safely, we should help them cover the costs of complying with recommendations designed to keep workers safe […]
On Thursday, July 9, 2020, U.S. Secretary of Energy Dan Brouillette will travel to San Antonio, Texas to meet with energy stakeholders in the region and discuss the current state of energy markets. On Friday, July 10, Secretary Brouillette will head to Houston, Texas with Under Secretary of Energy Mark […]
U.S. Senators Kevin Cramer (R-ND) and Bob Menendez (D-NJ), Senate Banking Committee members, introduced the “Payment Choice Act,” a bipartisan bill to provide customers the freedom to choose how to pay for goods or services by prohibiting businesses from refusing to accept cash, posting signs that cash is not accepted, […]
Senator John Hoeven, a member of the Senate Energy and Natural Resources Committee, issued the following statement after Mac McLennan, President and CEO of the Minnkota Power Cooperative, testified before the Federal Energy Regulatory Commission (FERC) on the essential role of coal-fired electricity in the nation’s grid. McLennan outlined how […]
After rescheduling the Williston Basin Petroleum Conference last spring to this September, the North Dakota Petroleum Council has announced once again it will change the date. The new dates are May 11-13, 2021 in Bismarck, ND. The NDPC sent out an email notification announcing the change. Dear Attendee: With the […]
The North Dakota Department of Commerce will be leading a Special Business Briefing call Thursday, July 9, at 11 a.m. (CST) introducing the new Economic Resiliency Grant (ERG) available to North Dakota businesses, as approved by the Budget Section at its June 25 meeting. The purpose of the ERG is […]
The North Dakota Oil and Gas Division was notified of a release occurring Saturday, July 4 at the User 1-28 salt water disposal well, about seven miles northeast of Alexander, North Dakota. Zavanna, LLC reported Monday that 250 barrels of brine and 3 barrels of oil were released due to […]
Following the Dakota Access Pipeline court ruling, Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) provided an update on its Bakken operations including the Arrow gathering system, Bear Den processing plants and the COLT Hub and Rail Loading Facility. Throughout the second quarter 2020, basin fundamentals steadily improved as crude oil […]
Keystone XL Pipeline Halted For More Studies U.S. District Judge James Boasberg said in April that the pipeline remains “highly controversial” under federal environmental law and a more extensive review was necessary than the environmental assessment that was done. On Monday, the judge wrote that even though the disruption will […]
A federal judge has ordered the Dakota Access pipeline to shut down until more environmental review is done. The pipeline has been carrying oil for three years. U.S. District Judge James Boasberg said in April that the pipeline remains “highly controversial” under federal environmental law and a more extensive review […]
Energy Giants Cancel Controversial $8B Atlantic Coast Gas Pipeline Dominion Energy and Duke Energy have abandoned plans to complete construction of the estimated $8-billion Atlantic Coast Pipeline, ending a controversial seven-year quest to build the 600-mile natural gas pipeline between West Virginia and eastern North Carolina. In a July 5 […]
First flights conducted for new Babcock oil-and-gas contract The first flight for Babcock’s new five-year contract for helicopter operations out of Sumburgh, Shetland, took place on July 1, 2020. Current plans will see Babcock’s Offshore business initially conduct more than 100 flights a month to oil-and-gas installations in the Northern […]
Meridian Energy Group, Inc. announced that the North Dakota Supreme Court has upheld the earlier decision of the North Dakota District Court refusing to overturn the issuance of the air quality Permit to Construct (“PTC”) for the Davis Refinery by the North Dakota Department of Environmental Quality (“DEQ”). This Decision […]
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