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Energy Leasing Practices
Aubrey McLendon was no stranger to controversy. “Rigzone” reports that one controversy that involved him will survive his demise. The day before his death, McClendon had been charged by the U. S. Justice Department with violating the Sherman Antitrust Act. Allegedly, he had been co-ordinating a scheme in which oil companies agreed not to bid… Read More
Fracing as a Political Football
In spite of her previous general support of fracking, Hillary Clinton seems to be driven to the left in her contest with Bernie Sanders for the Democratic nomination. She now favors aggressive federal regulation of fracking, saying she would not support it in states or communities that don’t want it, when it causes pollution, or… Read More
Chronic Oversupply
A recent article in “World Oil” contends that Saudi Arabia’s real enemies are not U. S. shale producers, surging Iraqi production levels, arch-nemesis Iran, or Russia. Rather, it is a global oil glut of over 1 billion barrels which has been accumulating since 2014. This inventory of oil will keep accumulating until the end of… Read More
Yergin’s Take
“World Oil” reports on Daniel Yergin’s comments at the Global Financial Markets Forum in Abu Dhabi recently. Yergin, the author of The Prize, a Pulitzer Prize winning history of the oil industry, is regarded as one of the foremost authorities on energy matters in the world. Yergin is more optimistic regarding the potential impact of… Read More
From Kicking the Can to Kicking the Bucket
“Rigzone” reports that a study by accounting and consulting firm, Deloitte, found that out of 500 publicly traded oil and gas exploration and production companies, roughly 175 were at risk of bankruptcy. Falling prices have necessitated budget cuts and thousands of layoffs, but this will still not be enough for some operators. The oil and… Read More
