More Oil and Gas Bankruptcies Coming Bankruptcies in the U.S. oil patch are on the rise after the global pandemic decimated demand. But shale companies were struggling before COVID hit, loading up on debt before prices came crashing down. Law firm Haynes and Boone counted nearly 500 bankruptcies among oil […]
Early Reaction Positive from Helms with ND’s Pay To Plug Program According to the director of the North Dakota of Mineral Resources Lynn Helms, the programs aimed at plugging abandoned oil and gas wells and reclaiming the site are generating more jobs than the state officials expected. Earlier this year, […]
‘Pipe Nation’ TV Pilot Casts Oilfield Workers to Show ‘True Oil and Gas Grit’ Natallie Gamble had no problem taking on the role of a debt-ridden, single mom working in the oilpatch in the pilot for a planned new TV series called Pipe Nation. “This is me. I am ‘Pipe […]
Lynn Helms, director of the Department of Mineral Resources, led this month’s ND Oil and Gas Director’s Cut. According to Helms, the North Dakota crude oil production rebounded slightly in the month of June. Production averaged 859,362 barrels in June, far below the record 1.52 million barrel daily average in […]
Brandon Davis, Swan Energy, talks about how the current market conditions are making it an opportune time to invest in oil. For some, they have an understanding of the risk reward in oil and gas and are looking into investing. Davis says now is a great time to invest for […]
Very seldom does industry take on industry. In fact, several executives and CEO’s have said in interviews on The Crude Life media network that the biggest weakness the oil and gas industry has is “herd mentality” and that sometimes they push bad ideas too far. And sometimes they keep bad […]
U.S. Senator Kevin Cramer (R-ND), a Senate Environment and Public Works (EPW) Committee member, sent The Crude Life following statement on the Environmental Protection Agency (EPA) finalizing rules to update the New Source Performance Standards (NSPS) for the oil and natural gas industry: “The Obama Administration weaponized EPA rules to […]
Halliburton, Honeywell Develop Open-Architecture Oil and Gas Software Halliburton and Honeywell announced a collaboration to maximize asset potential, reduce execution risk and lower the total cost of ownership for oil and gas operators. The collaboration will leverage Halliburton Landmark’s DecisionSpace 365 E&P cloud applications and Honeywell Forge, a powerful industrial […]
Wyoming Oil and Gas Project Could Generate $375.5 Million in Royalties The Bureau of Land Management said on Friday, Aug. 7 that they have “approved the development of up to 4,250 oil and gas wells for the Moneta Divide Project.” “The project, proposed by Aethon Energy Management and Burlington Resources […]
U.S. Senator Kevin Cramer (R-ND) issued the following statement on the U.S. Court of Appeals for the D.C. Circuit ruling today the Dakota Access Pipeline (DAPL) can continue shipping oil while the court hears arguments over the pipeline’s environmental review: “This ruling represents another victory in the fight for North […]
BP Announces It Will Cut Oil and Gas Production 40 Percent Building on its February presentation on climate change, BP announced today that it expects to cut the amount of oil and gas it produces by 40 percent by the end of the decade as part of its pledge to […]
Spill in the Bakken The North Dakota Oil and Gas Division was notified of a release occurring Friday, July 31 at the Dickinson-Heath-Sand Unit 23 saltwater disposal well, on the northwest edge of Dickinson, North Dakota. Scout Energy Management LLC reported Friday that 380 barrels of brine and 76 barrels […]
At a hearing of the Senate Energy and Natural Resources Committee this week, Senator John Hoeven advocated for enhancements to the 45Q tax credit to further advance carbon capture, utilization and storage (CCUS) technologies. The senator, along with Assistant Secretary of Fossil Energy Steven Winberg, Carbon Utilization Research Center Executive […]
The North Dakota Oil and Gas Division was notified of a release occurring Friday, July 31 at the Dickinson-Heath-Sand Unit 23 saltwater disposal well, on the northwest edge of Dickinson, North Dakota. Scout Energy Management LLC reported Friday that 380 barrels of brine and 76 barrels of oil were released […]
The North Dakota Department of Mineral Resources is launching separate programs to plug and later reclaim current abandoned well sites in the state. The $66 million cost of the project is coming from CARES Act funding authorized earlier this year by the state legislature’s Budget Section. The programs will create […]
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