Energy News

Can Extraction Oil and Gas Make Fracing Fit the Suburbs? 

Can Extraction Oil and Gas Make Fracing Fit the Suburbs? 

From the Denver Business Journal

A drilling agreement reached this month between Extraction Oil and Gas and the city of Broomfield details plans for 84 new oil and gas wells.

It took the Denver-based company more than two years to …

Cloud Peak Energy Receives National Association of State Land Reclamationists Award

Cloud Peak Energy Receives National Association of State Land Reclamationists Award

Cloud Peak Energy’s Spring Creek Mine Receives National Association of State Land Reclamationists Award

September 18, 2018 - 2:15 pm Closing Bell Story‎, Energy News, Press Releases
New Tariffs on Metals from China Begin

New Tariffs on Metals from China Begin

From S&P Global/Platts

Could raise consumer costs on nearly half of U.S. imports from China: congressman

Washington — The US has imposed new tariffs on Chinese metals imports, the White House announced Monday evening.

The US Trade Representative or USTR …

September 18, 2018 - 1:49 pm Closing Bell Story‎, Energy News, International
Report: West Virginians Saved More Than $4 Billion Over 10 Years from Lower Natural Gas Prices

Report: West Virginians Saved More Than $4 Billion Over 10 Years from Lower Natural Gas Prices

Report: West Virginians Saved More Than $4 Billion Over 10 Years from Lower Natural Gas Prices

September 18, 2018 - 8:30 am Closing Bell Story‎, Energy News, Press Releases
Courtesy of Enbridge

Enbridge Announces Definitive Agreements to Acquire All Public Equity of Enbridge Energy Partners and Enbridge Energy Management, Achieves Significant Milestones Toward Corporate Structure Simplification

Enbridge Announces Definitive Agreements to Acquire All Public Equity of Enbridge Energy Partners and Enbridge Energy Management, Achieves Significant Milestones Toward Corporate Structure Simplification

September 18, 2018 - 7:00 am Closing Bell Story‎, Energy News, Press Releases
Can Blockchain Technology Bring Smooth Seas to Global Shipping?

Can Blockchain Technology Bring Smooth Seas to Global Shipping?

Can it shorten transit times, lower costs?

From Stratfor Worldview

Distributed ledger technology has the potential to substantially increase the efficiency of the global shipping industry by lowering costs and shortening transit times.

First movers will compete to set standards …

September 18, 2018 - 5:41 am Closing Bell Story‎, Energy News
Tellurian’s Driftwood LNG Receives Draft Environmental Impact Statement

Tellurian’s Driftwood LNG Receives Draft Environmental Impact Statement

Tellurian Inc. (ticker: TELL) received its draft environmental impact statement (EIS) from the United States Federal Energy Regulatory Commission for the Driftwood LNG terminal facility and the associated Driftwood pipeline.

The draft EIS has been prepared in compliance with the …

Edge of the Wattenberg: Colorado: Weld County Just Created its Own Oil & Gas Department

Colorado’s Oil Industry Is Still Booming, but Maybe Not for Long

Industry casts wary eye on Proposition 112

From Colorado Public Radio

Oil production in Colorado continues to set new records.

Colorado oil drillers like Anadarkoa and Noble pumped a record 13.4 million barrels of oil in May– the biggest month …

September 17, 2018 - 4:20 pm Closing Bell Story‎, Energy News, Politics & Opinions, Regulatory
Cheniere Strikes LNG Deal With Oil Trader Vitol

Cheniere Strikes LNG Deal With Oil Trader Vitol

By Katherine Blunt

Houston’s Cheniere Energy on Monday announced that it has agreed to sell liquefied natural gas to global oil trader Vitol, its latest long-term sales agreement as it ramps up exports from its facilities on the U.S. Gulf

September 17, 2018 - 3:56 pm Closing Bell Story‎, Energy News, LNG
A rig site in North Dakota

North Dakota Is Now Pumping as Much Crude as Venezuela

From Bloomberg

North Dakota’s oil production surged to a new record in July, putting the mid-western state on par with OPEC member Venezuela.

Home to the Bakken shale play, North Dakota pumped 1.27 million barrels a day in July, according …

Duke Energy has restored power to more than 1 million customers out of 1.4 million total outages in wake of Florence

Duke Energy has restored power to more than 1 million customers out of 1.4 million total outages in wake of Florence

Duke Energy has restored power to more than 1 million customers out of 1.4 million total outages in wake of Florence

Courtesy of RSP Permian

Another Half-Billion Dollar Equity Commitment In The Permian

Tall City Exploration III LLC Announces Equity Commitment of Up to $500 Million from Warburg Pincus

Kosmos Energy Completes Acquisition of Deep Gulf Energy

Kosmos Energy Completes Acquisition of Deep Gulf Energy

Kosmos Energy Completes Acquisition of Deep Gulf Energy

A New Breed of Young North Texas Wildcatters is Striking it Rich in the Permian Basin

A New Breed of Young North Texas Wildcatters is Striking it Rich in the Permian Basin

From Bloomberg/Dallas Morning News

John Sellers and Cody Campbell are holding court one hot August evening in the corner of an oil-themed dive bar in Midland.

After flying in on their private jet, they’re shaking hands, cracking jokes and talking …

Truck Driver Shortage Constrains Booming Texas Oil Fields

Truck Driver Shortage Constrains Booming Texas Oil Fields

From Transport Topics

Thousands of drivers are needed in the Texas oil fields. Big rig trucks sit empty.

They could be hauling the thousands of loads of sand needed to frac a well. But there aren’t enough drivers. It will …

September 14, 2018 - 11:30 am Closing Bell Story‎, Energy News, Transportation
Amazon: Jeff Bezos Updates HQ2 City Search

Amazon: Jeff Bezos Updates HQ2 City Search

From the Washington Business Journal

Amazon.com Inc.’s second headquarters will be … decided by Dec. 31.

That was the response the etailing giant’s CEO and founder, Jeff Bezos, gave to fellow billionaire and The Carlyle Group LP (NASDAQ: CG) …

September 14, 2018 - 10:47 am Closing Bell Story‎, Energy News
Former Venezuelan Officials Charged With Bribery Linked to Oil Company

Former Venezuelan Officials Charged With Bribery Linked to Oil Company

Devon Energy Provides Update on $4 Billion Share-Repurchase Program

Devon Energy Provides Update on $4 Billion Share-Repurchase Program

Devon Energy Provides Update on $4 Billion Share-Repurchase Program

Colorado’s Economy vs. Residents’ Health? Sides Battle over Oil and Gas Setbacks

Colorado’s Economy vs. Residents’ Health? Sides Battle over Oil and Gas Setbacks

Measure would increase setbacks for new wells to 2,500 feet instead of 500 feet from homes and 1,000 feet from schools

From The Denver Post

THORNTON, COLO — A statewide ballot measure that would dramatically increase the distance new oil …

September 13, 2018 - 4:37 pm Closing Bell Story‎, Energy News
Northeast Gas Production and Pipelines Threatened by Hurricane Florence

Northeast Gas Production and Pipelines Threatened by Hurricane Florence

From Platts/S&P GLobal

Houston — Appalachian gas producers, pipelines and other midstream companies are bracing for the impact of Hurricane Florence, which could result in the loss of up to 2 Bcf/d in supplies from the region over the next …

September 13, 2018 - 3:04 pm Closing Bell Story‎, Energy News
Building the World’s Largest Autonomous Truck Fleet

Building the World’s Largest Autonomous Truck Fleet

Startup expanding in Arizona – targets 500 of its self-driving trucks on roads worldwide in 2019

From CCJ

TuSimple, a self-driving truck solutions company, has been testing its Level 4 Class 8 autonomous trucks in Arizona for more than …

September 12, 2018 - 7:00 pm Closing Bell Story‎, Energy News, Transportation
Cove Point Fall Colors, Nov. 2017

Hurricane Florence Could be Costliest Storm Ever to Hit the U.S. at $170 Billion

Harvey slammed Texas to the tune of $125 billion

From CBS News

Hurricane Florence could cost the East Coast more than $170 billion and damage nearly 759,000 homes and businesses, according to analytics firm CoreLogic. That would make Florence the …

September 11, 2018 - 3:53 pm Closing Bell Story‎, Energy News
LNG Carrier Spot Rates Soar

LNG Carrier Spot Rates Soar

From Seatrade Maritime

The nearby spot rates for chartering large LNG carriers have been soaring at a time when future US export projects, fueling forward activity, continue to be given the “green-light”.

Recent reports from equity analysts, LNG has provided …

September 11, 2018 - 2:30 pm Closing Bell Story‎, Energy News, LNG
Energy Bonanza in Southwestern States Also Fueling National Economic Activity: Pew

Energy Bonanza in Southwestern States Also Fueling National Economic Activity: Pew

From the Pew Trusts

An oil and gas bonanza in Southwestern states may be helping to drive the continuing national economic boom.

The nation’s 4.2 percent growth in GDP, estimated last month by the Bureau of Economic Analysis, is the …

The Oil Company that Slipped Into the Permian “Under The Cover of Darkness”

The Oil Company that Slipped Into the Permian “Under The Cover of Darkness”

From the Journal of Petroleum Technology

WPX Energy’s decision to reconfigure its portfolio and buy into the Permian during the downturn was a bold one not viewed favorably by its shareholders at the time. Now, with its operator peers bidding …

Dallas Morning News Endorses Christi Craddick for Texas Railroad Commission

Dallas Morning News Endorses Christi Craddick for Texas Railroad Commission

From the Dallas Morning News

There’s little question that the oil and gas industry is a major engine that helps drive Texas’ economic growth, providing thousands of jobs and valuable resources.

This state needs Texas Railroad Commission members with a …

September 10, 2018 - 1:11 pm Closing Bell Story‎, Energy News, Regulatory
Velvet Energy and Iron Bridge Resources Agree to Terms of Friendly Transaction

Velvet Energy and Iron Bridge Resources Agree to Terms of Friendly Transaction

All Iron Bridge Directors & Officers and Certain Shareholders Commit to Tender 35% of the Total Common Shares Outstanding

  • Velvet Energy and Iron Bridge agree to friendly transaction with unanimous Iron Bridge Board support, wherein Velvet has increased its cash
Gov. Brown Signs Two Laws to Prohibit Construction of Pipelines to Bring California Oil and Gas to Shore

Gov. Brown Signs Two Laws to Prohibit Construction of Pipelines to Bring California Oil and Gas to Shore

From the Mercury News

In a move aimed at stopping President Trump’s plans to expand offshore oil drilling along the California coast, Gov. Jerry Brown on Saturday signed two laws that prohibit construction of new pipelines that could bring the …

September 10, 2018 - 8:55 am Closing Bell Story‎, Energy News, Politics & Opinions
(FILES) This file photo dated 08 September, 2004 shows a PetroChina gas station attendant in Beijing returning the nozzle at the pumps.  Fidelity Investments, the world's largest mutual fund firm, has sold the bulk of its American Depositary Receipts (ADR) in PetroChina amid pressure from United States activists upset over its parent's interests in Sudan, reports said 17 May 2007.  AFP PHOTO / FILES / Frederic J. BROWN

PetroChina Inks Its Biggest Qatar LNG Deal as U.S. Trade at Risk

From Bloomberg

PetroChina Co. signed a deal with Qatargas Operating Co. to purchase 3.4 million tons of liquefied natural gas annually, the Chinese company’s biggest supply deal, amid a brewing trade war with the U.S. that threatens to stifle the …

September 10, 2018 - 8:18 am China, Closing Bell Story‎, Energy News, LNG
U.S. Government’s New Mexico-side Permian Sale Reaches 10 Figures

U.S. Government’s New Mexico-side Permian Sale Reaches 10 Figures

Oil Auction Climbs to Record $1 Billion as Bidding Soars – $95,000 per Acre

From Houston Chronicle/Bloomberg

The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a …