Industry news

Link - Caller Times

(Source: Grant Black, Executive Director - NARO) The $1.75 billion pipeline that will pump up to 2 billion cubic feet of natural gas a day to the Coastal Bend from the energy-rich Permian Basin is running ahead of schedule and could be operational by mid-September, the project developer says. “The pipe is in the ground, there is still commissioning work going on on the compressor and meter stations,” Steve Kean, CEO of the Houston pipeline operator Kinder Morgan told investors in a conference call last week. "But our expectation is for a slightly early in-service date. Ken Medlock, director of an energy-studies program at Rice University in Houston, says an assessment Tuesday, Nov. 15, 2016 by the U.S. Geological Survey that the Wolfcamp Shale in the Midland-Odessa region could yield 20 billion barrels of oil is another sign that “the revival of the Permian Basin is going to last a couple of decades.” (Photo: Courtney Sacco, AP) The pipeline, called the Gulf Coast Express, is part of a twin project by Kinder Morgan to send natural gas across vast expanses of Texas to meet growing energy demands from East Texas to Mexico.

From Grant Black, NARO Exec. Dir.- For many years I have gotten daily emails from Energy in Depth, a part of the Independent Petroleum Association of America (IPAA) that I have found helpful in keeping up with issues related to oil and gas production legislation and regulation etc. in most all regions of the US as well as foreign countries.
You can sign up to get the same daily news by going to their website https://www.energyindepth.org/ and providing them your email address.
This is not only a simple way to track issues on a day to day basis but also to have ideas for topics report more details about in our monthly ROAR articles.

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Good video from Texas Public Policy Foundation which shows how many everyday products use hydrocarbons in one form or another.

It’s everywhere

DrillingInfo has changed its name to Enverus. Probably trying to reflect broader scope of what they do.

China to impose 5% tariff on US oil.

Trade war casualty

We shouldn’t sell them any oil.

That’s a pretty big market to overlook.

Article about the 46 natural gas pipeline projects being completed in 2019.

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Sanders unveils fracking ban proposal:

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/020420-sanders-unveils-fracking-ban-proposal-with-sweeping-prohibitions-on-pipelines-crackers

Interesting article analyzing the Colorado spacing proposition vote that failed in 2018. Basically, only the precincts where there is little or no oil and gas activity were strongly in favor of curtailing drilling. In other words, the less you have first hand knowledge about how modern drilling works, the more likely you are to be in favor of banning fracing.

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Pioneer Energy Services (the driller, not the operator) from San Antonio has filed Chapter 11.

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XCEL Energy has completed their big 240 mile electric transmission line to link the Texas Panhandle and SE New Mexico. This is big news for operators trying to electrify operations.

More Juice

Black Stone Minerals announced a sale of $155 million of mineral and royalty interests.

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Gas exports to Mexico predicted to rise with completion of additional pipe networks in Mexico. Hopefully will strengthen the Waha gas market.

EIA article

The war against pipelines continues- a federal judge has shut down the Dakota Access pipeline, which has been in service for three years.

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/070720-pending-dakota-access-oil-pipe-shutdown-could-mean-extended-well-shut-ins

$5.3 million fine against DCP by the State of New Mexico.

This one amused me. Case Energy signed a contract with the Oklahoma prisons to use inmates to make cold calls to buy minerals. Let the puns about criminals buying minerals begin.

Case Energy contract with OK DOC.pdf (354.2 KB)

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Case Energy post is funny and scary all at the same time.

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Chevron is buying Noble.

Aramco is suspending a $10 billion oil refinery in China.

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