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Category: 360 Articles

Will Northern Gateway Beat Keystone XL to the Finish Line?

Will Northern Gateway Beat Keystone XL to the Finish Line?

On June 17, the Canadian federal government approved the pipeline portion of Enbridge Incorporated’s (ticker: ENB) Northern Gateway Project, a $6.1 billion crude oil and condensate pipeline and marine terminal that was proposed in 2010. Canada’s petroleum producers are eager to find an alternative to the nearly six-year delayed approval of the Keystone XL project. At the Canadian American Business’ conference on June […]

Obama Okays United States Atlantic Shelf Development

Obama Okays United States Atlantic Shelf Development

Coming: 280,000 jobs and $195 billion in private investment The Eastern Seaboard of the United States is back on the oil and gas map. On July 24, 2014, President Obama opened up sections of the Atlantic Ocean to hydrocarbon development – a plan originally proposed in 2010 that was placed on indefinite suspension following the Macondo disaster in the Gulf […]

UPDATE: ISIS Terrorists Selling Captured Oil, Going After Wells

UPDATE: ISIS Terrorists Selling Captured Oil, Going After Wells

NBC News, Reuters and other media outlets have reported that Iraqi officials say the ISIS militant group has been selling captured crude oil and gasoline that it seized when the terrorist group took over portions of northern Iraq a month ago. The illegal sales are generating what Iraqi officials called multi-million dollar profit. News outlets in the Middle East have […]

Court Tosses out Longmont, Colo. Frac Ban–But Ballot Initiatives Targeting Oil & Gas Operations are Likely to Make November Ballot

Court Tosses out Longmont, Colo. Frac Ban–But Ballot Initiatives Targeting Oil & Gas Operations are Likely to Make November Ballot

In a ruling Thursday that overturned the city of Longmont’s ban on hydraulic fracture stimulation, a Boulder County, Colorado judge—and the case itself—illustrated the power that Proposition 89 would convey to municipalities and other local governments statewide. Boulder Judge D.D. Mallard said on Thursday that Longmont’s charter amendment “clearly conflicted with the state’s regulations and its interest in the efficient […]

CEOs Closely Watching Colorado Ballot Initiatives

CEOs Closely Watching Colorado Ballot Initiatives

During his introductory comments on the Noble Energy (ticker: NBL) Q2 earnings call today, Noble Chairman and CEO Charles Davidson said: “I wanted to spend a couple of minutes discussing the regulatory environment for oil and gas development in Colorado, which is certainly gathering a lot of attention right now. As many of you are aware, certain initiatives have been […]

Breitling Energy: A Land Royalty Company Moves Into Operations

Breitling Energy: A Land Royalty Company Moves Into Operations

Breitling Energy Corporation (ticker: BECC) is focused on the acquisition, exploration and development of lower risk onshore plays in the United States. The Dallas, Texas-based company primarily targets the Permian Basin and Mississippi oil window through its properties in Texas, North Dakota, Oklahoma and Mississippi. Breitling Snapshot Breitling ended fiscal 2013 with 710 MBOE in reserves (70% oil) and is […]

The Consequences of EPA’s CO2 Restrictions  –  Part Two

The Consequences of EPA’s CO2 Restrictions – Part Two

On January 17, 2008, President Obama said, “If someone wants to build a coal power plant, they can, it’s just that it will bankrupt them…” That promise is coming into fruition now. Last month, the EPA revealed its Clean Power Plan, which aims to lower carbon dioxide (CO2) emissions by 30% by 2030, in relation to levels from 2005. The […]

U.S. Refinery Rates at All-Time High: EIA

U.S. Refinery Rates at All-Time High: EIA

United States refineries have processed as much as 16.8 MMBOPD in each of the past two weeks, according to a report released by the Energy Information Administration (EIA) on July 24, 2014. The historic mark, based on EIA data beginning in 1989, is the highest refinery rate in U.S. history. Capacity rates also set a record, breaking the previous mark […]

U.S. Unconventional Drilling Drives RPC, Inc. to Record Revenues in Q2’14

U.S. Unconventional Drilling Drives RPC, Inc. to Record Revenues in Q2’14

RPC, Inc. (ticker: RES) provides specialized oilfield services and equipment to independent and major oilfield companies. The company operates in two business segments: technical services and support services. Its Q2’14 results, announced on July 23, 2014, reported quarterly revenue of $582.8 million (a company record), operating profit of $103.0 million and net income of $63.3 million ($0.29 per share). All […]

“Attention Delta Airlines’ Passengers:  You may now thank the oilfield workers in the Bakken for today’s lower airfares…”

“Attention Delta Airlines’ Passengers: You may now thank the oilfield workers in the Bakken for today’s lower airfares…”

North Dakota crude will arrive at Delta’s in-house refinery by rail Delta Airlines (ticker: DAL), through its refining subsidiary Monroe Energy LLC, has inked a deal with midstream supplier Bridger LLC to supply 65,000 BOPD of Bakken crude oil to its Trainer, Pa., refinery, which Delta will use to power a portion of its 700+ passenger jets. Delta flies passengers […]