Over the last several months (and right up to today) some of the headlines published in various media outlets have addressed the slower-than-expected response of operators to increase drilling activity as oil prices have...more
The United States Energy Information Administration (“EIA”) published an August 28th report titled: Changing Demand for Petroleum Products Has Led to Operational Changes at U.S. Refineries (“Report”)- Utilizing...more
The U.S. Energy Information Administration (“EIA”) released its Short-Term Energy Outlook (“STEO”) on May 12, 2020, but noted that it was subject to “heightened levels of uncertainty because the effects on energy markets of...more
Let's be frank. The institution of a fracking ban would simply be bad policy for the U.S. oil and gas industry. In quantifying this position, I want to highlight a paper that was published in January by Michael Lynch of the...more
Many of us have the end of the year and the end of the decade on our minds: wrapping up projects, working to close deals and matters, and striving to end the year on as high of a note as we possibly can. It is hard to believe...more
Whether we have a strong winter impacts many things. From our road conditions driving to work, the extent of demand for home heating fuels, how our livestock will fair, and our ski season (including vital tourist revenue that...more
The Arkansas Oil Marketers Association (“AOMA”) issued a September 6th Breaking News Notice referencing an increase for state gasoline and clear diesel taxes for the period of October 1, 2019 through September 30, 2020....more
The United States Energy Information Administration (“EIA”) issued a September 3rd report stating that annual capacity-weighted average construction costs for solar photovoltaic systems continue to decrease. The conclusion...more
There is one thing on the mind of many folks involved in the oil and gas industry – the upcoming OPEC meeting in Vienna. On June 25, 2019, the 176th OPEC meeting will be held....more
“Energy and persistence conquer all things.” – Benjamin Franklin Discussing topics in the energy sector gives one a certain, well, energy. A charge or *spark* – a bolt of anticipatory excitement and the promise of...more
The United States Energy Information Administration (“EIA”) issued a January 10th report projecting which energy sources would fuel electric generating capacity added in 2019. The EIA report indicates that the source of...more
On September 7, 2018 the Bureau of Land Management’s (BLM) third-quarter oil and gas lease sale in New Mexico broke all previous records for BLM lease sales across the country, generating $972.48 million in bonus bids for 142...more
Assuming all projects come online by their scheduled in-service dates, the U.S. Energy Information Administration expects more than 23 billion cubic feet per day (Bcf/d) of natural gas pipeline takeaway capacity to be online...more
Study Finds No Evidence of Groundwater Contamination Attributable to Natural Gas Development - "A multi-year study conducted by researchers at the University of Cincinnati, and partly funded by organizations opposed to...more
For many, this month has been very good to us. January is traditionally a month of hope and resolutions that many feel will set the tone for the upcoming year. Based on this month, we are looking forward to a great 2018! ...more
The United States Energy Information Administration (“EIA”) issued a January 10th report (“Report”) stating that “nearly half of utility-scale capacity installed in 2017 came from renewables.” The information originates...more
EIA’s International Energy Outlook 2017 projects that world energy consumption will increase by 28% from 2015 through 2040. The report provides energy consumption projections for 16 world regions, divided according to...more
Many of you know that when I travel, I tend to start to wonder about that state’s energy sector. What fuels it? What makes it different from Colorado and Wyoming? This weekend, I was in Nashville, Tennessee – “Music City.”...more
This week, a new public website was unveiled that provides participating states’ well data. The site is called National Oil & Gas Gateway. What is it? One stop shopping for well data. It is basically a consolidated source...more
Those in the oil and gas industry know the producing regions well; we know right off of the top of our heads exactly where the Bakken, Niobrara, Permian, Marcellus, Utica and the Eagle Ford are when someone says those names....more
“EIA recently released State Energy Data System estimates for net energy supply, which provide data on each state’s total primary energy production and consumption. Wyoming, Texas, Pennsylvania, West Virginia, and North...more
“In EIA’s latest Short-Term Energy Outlook (STEO), total U.S. crude oil production is forecast to average 9.3 million barrels per day (b/d) in 2017, up 0.5 million b/d from 2016. In 2018, EIA expects crude oil production to...more
“Fossil fuels have provided more than 80% of total U.S. energy consumption for more than 100 years. Since 1928, when consumption of natural gas surpassed that of biomass, the three fossil fuels—petroleum, natural gas, and...more
Peter F. Drucker famously said, “Trying to predict the future is like trying to drive down a country road at night with no lights – while looking out the back window.” With that in mind, last September, I wrote “Is...more
According to the U.S. Energy Information Administration (EIA), “The United States remained the world’s top producer of petroleum and natural gas hydrocarbons in 2016 for the fifth straight year despite production declines for...more