Our Blog
North Dakota Looks to Fill 20,000 Jobs
CNN Money reports that the shortage of workers in North Dakota is so acute that Hess and the North Dakota Economic Development Foundation are joining forces to fill 20,000 jobs in the Peace Garden State. The economic boom which has been fueled by the Bakken Shale has resulted in thousands of job seekers flocking to… Read More
Happy 65’th Birthday Hydraulic Fracturing!
According to an article in “Rigzone,” the first commercial hydraulic fracturing (frac) job took place on March 17, 1949 in Duncan, OK. The American Petroleum Institute (API) is commemorating the event with birthday cards and a social media campaign. The API is sending digital birthday cards with a black and white image of the first… Read More
North Dakota Flaring Causes Concern
According to a recent article in “Rigzone”, there is growing concern over the number of flares, and the volume of gas being flared in “The Peace Garden State”. The economic benefits of the development of the Bakken/Three Forks shale in North Dakota is well known. However, as new wells are brought on- line, producers, regulators,… Read More
The World According to NOV (Version 2.0)
Pete Miller Jr., Chairman and CEO of National Oilwell Varco (NOV) addressed a meeting of the Houston Chapter of the American Petroleum Institute on Tuesday. In a previous post, I related my observations re: NOV’s world view and assumptions that drive their operating strategy. I also found NOV’s financial philosophy interesting, and if not contrarian,… Read More
New Water Source for Marcellus Fracing
According to a recent article in “Rigzone” the Marcellus shale has estimated recoverable reserves of 500 trillion cubic feet of natural gas, making it the largest natural gas reservoir in North America. Marcellus development has been made possible by technological advances in horizontal drilling and hydraulic fracing. The Marcellus boom has had a significant impact… Read More
