Small Business Denial, Shut Ins, OG Diversity

June 10, 2020 jasonspiess 0

Small Business Suffering Signs According to energy author and expert Art Berman, small business is in for a rough second half of 2020. And he’s not alone either. This author says “Small Business Die Off Is Here“. Berman believes the past six months of COVID Shutdowns just sped up what […]

Fox: ND Showing More Greed Going After Minerals

June 9, 2020 jasonspiess 0

Mark Fox, chairman, The Mandan, Hidatsa and Arikara Nation, is demanding the Department of Interior uphold its duty as the tribe’s trustee and restore justice regarding the tribe’s Missouri River property rights. The MHA Nation contends that the Department of the Interior violated treaties going back to 1825, by issuing […]

Berman: Oil Economy is a Managed Market, Not Free Market

June 8, 2020 jasonspiess 0

Art Berman, Labyrinth Consulting Services, talks about the current state of oil and gas and how the COVID-19 Shutdown has impacted the market. Host Jason Spiess asks Berman if the oil and gas market was impacted last year when the coronavirus started impacting China. Berman explains how the economy doesn’t […]

Oil Truckers Diversifying Business

June 8, 2020 jasonspiess 0

Zach Ellis, Commercial Credit Group, shares an example of how people in the oil and gas industry are diversifying their services in order to stay keep revenues going. Commercial Credit Group Inc. is an independent, commercial equipment finance company that provides secured loans and leases to small and mid-sized businesses […]

ND Delegation: Reform Clean Air Act

June 7, 2020 jasonspiess 0

Senator John Hoeven sent The Crude Life the following statement after the Environmental Protection Agency (EPA) proposed reforming its cost-benefit analysis for new regulations issued under the Clean Air Act to provide more transparency and certainty. The agency is seeking to develop future analyses in a consistent manner that includes […]

Ellis: Banks Starting to Seize Assets

June 6, 2020 jasonspiess 0

Zachary Ellis, Commercial Credit Group, responds to several news stories about banks seizing assets from small businesses connected to the oil and gas industry. Ellis continues saying in some areas of Shale Play USA he is hearing the words “fire sale” and “closing shop” as more companies are getting left […]

Time To Start Plugging These Orphan Wells

June 1, 2020 jasonspiess 0

Curtis Shuck, Well Done Foundation, gives some history of the abandon and orphan wells in the United States. Shuck believes his 30 years of oil and gas experience has created an opportunity to create positive endeavors for industry and communities. Many of the wells are on farms or ranches or […]

Shuck: More than 3 Million Abandoned Wells in US

May 28, 2020 jasonspiess 0

Curtis Shuck, Well Done Foundation, gives some history of the abandon and orphan wells in the United States. Shuck believes his 30 years of oil and gas experience has created an opportunity to create positive endeavors for industry and communities. Many of the wells are on farms or ranches or […]

Light It Up: Will Oil Become Controlled Like Ag?

May 25, 2020 jasonspiess 0

The Crude Life host Jason Spiess joins Genneca for a weekly energy report on The Country Twins morning show. Spiess talks about North Dakota as the latest state to discuss whether the state should get involved with controlling production. Industry’s ideological crossroads of whether to allow government intervention or not […]

Pugliese: One Size Does Not Fit All

May 24, 2020 jasonspiess 0

Mesa County (CO) commissioner Rose Pugliese doesn’t believe one size fits all when it comes to government intervention and local control. Pugliese recently began the public conversation regarding Mesa County being part of the Western and Rural Local Governments Coalition (WRLG), a group of 23 county and municipal governments in […]

ND Discussing Government Control Over Oil Production

May 24, 2020 jasonspiess 0

North Dakota became the latest state to discuss the idea of issuing government-mandated production cuts following the recent oil price collapse amid the coronavirus pandemic and COVID Shutdown. Regulators received a mix of views on the issue, with many stating they would prefer to leave the decision to the market […]

Ellis: Texas is Open, Credit Score Stories

May 23, 2020 jasonspiess 0

Zach Ellis, Commercial Credit Group, gives an update from the state Texas as he travels across the southern shale plays. Ellis will be traveling to Oklahoma next week with another trip back into Texas. Ellis consults and finances businesses in the oil and gas industry who need alternative financing or […]

Energy Priorities Must Continue

May 21, 2020 jasonspiess 0

At a hearing of the Senate Energy and Natural Resources (ENR) Committee this week, Senator John Hoeven secured support for North Dakota’s energy priorities with Mark Menezes, the nominee to serve as Deputy Secretary of Energy. The senator urged Menezes to work with him in helping maintain the nation’s oil […]

Light It Up: The Ag Energy Connection

May 20, 2020 jasonspiess 0

Jason Spiess, host of The Crude Life, discusses the history of agriculture and energy. He discusses some of the opportunities in the water industry. Spiess also talks about areas of economic opportunity that currently exists in today’s marketplace. Spiess outlines the flow of the stimulus and PPP money and where […]

Bent: Bitcoin Integrating Into Oil and Gas

May 16, 2020 jasonspiess 0

Marty Bent, Great American Mining Company, explains how new technologies like Bitcoin are being integrated into the oil and gas industry. The recent push against investing in oil and gas has created more demand for alternative investments and currencies in energy economics. New innovations like mining Bitcoin on site is […]

Alliant Energy’s West Riverside Energy Center Goes Into Service

May 15, 2020 jasonspiess 0

Alliant Energy customers in Wisconsin are now receiving energy from the newly constructed West Riverside Energy Center. The 730-megawatt, highly efficient, combined-cycle natural gas generating station is located near Beloit, Wisconsin. During construction, more than 1,000 jobs were created and millions of dollars spent to support Wisconsin businesses. The generating […]

Hoeven, Burgum Visit President Trump at White House

May 14, 2020 jasonspiess 0

Gov. Doug Burgum and U.S. Senator John Hoeven met with President Donald Trump at the White House, highlighting the benefits of state-federal partnerships to North Dakota’s COVID-19 response and recovery efforts and the need for continued federal support to fully execute the state’s testing strategy. During the White House meeting […]

Energy to Purchase Sweet Crude Oil for Strategic Petroleum Reserve

May 13, 2020 jasonspiess 0

U.S. Senator Kevin Cramer (R-ND) issued the following statement on the Department of Energy releasing a Request for Proposals (RFP) to purchase up to one million barrels of sweet crude oil for delivery to the Strategic Petroleum Reserve (SPR): “I appreciate this effort by Secretary Brouillette, especially the focus on small to […]

Davis: We’re Buying Gas Leases Now!

May 12, 2020 jasonspiess 0

Brandon Davis, Swan Energy, explains why their energy company is going heavy natural gas in the future and are looking to buy up fields right now. Davis says they have already looked at about 100 leases and are continuing their search for natural gas opportunities. He estimated they will add […]

ND Oil Waste Hearing Set For May 20th

May 11, 2020 jasonspiess 0

The Oil and Gas Division of the Department of Mineral Resources has scheduled a special hearing to address the oil price that constitutes waste pursuant to North Dakota Century Code § 38-08-02(19); the consequences of determining that waste is occurring, and what relief may be appropriate and necessary to prevent […]

ND Submits Brief Supporting Keystone XL Pipeline

May 11, 2020 jasonspiess 0

North Dakota Attorney General Wayne Stenehjem filed an amicus brief last week that opposes a possible ruling to vacate the easement granted by the Army Corps of Engineers for the Dakota Access Pipeline. Such a ruling would effectively shut down the 570,000 bbl/day crude oil pipeline. Judge James Boasberg issued […]

CNBC Says Oil to Turn Positive

May 11, 2020 jasonspiess 0

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 […]

Ellis: Update from the Permian Basin, Money Talk

May 7, 2020 jasonspiess 0

Zach Ellis, Commercial Credit Group, gives an update from the Permian Basin in Texas. Ellis describes the scene after stopping by over 25 businesses. The interview dives into the CARES Act bail out packages and how that becomes government competition for those hustling trying to sell alternative financing. Factoring is […]

Great River Energy announces to retire Coal Creek Station in 2022

May 7, 2020 jasonspiess 0

Great River Energy (GRE), a not-for-profit wholesale electric power cooperative providing power in Minnesota and Wisconsin, announced plans to retire its 1,151-megawatt (MW) coal generating power plant, Coal Creek Station, in Underwood, N.D., during the second half of 2022. “We are disappointed that Great River Energy has decided not to […]