Our Blog
Mitigating Seismic Risks
“Rigzone” reports that the “States First” initiative has issued a primer on human induced earthquakes. “States First” represents a joint effort by the Interstate Oil and Gas Compact Commission and the Ground Water Protection Council. These groups represent academia, industry, and non-profits, as well as state and federal agencies. The primer is designed as a… Read More
LNG Startup
Times have really changed. This week the first crude exports in 40 years will leave Texas ports. “Rigzone” reports that the first Liquefied Natural Gas (LNG) cargo to leave the Lower 48 is scheduled for later this month as well. All of this is a result of the shale revolution. ING Capital LLC has announced… Read More
Effect of Crude Exports
On the heels of the Arab Oil Embargo of 1973, the crude oil export ban seemed to make sense. With an acute oil shortage it seemed reasonable to keep as much at home as possible, when a great deal of our supply was dependent on Arab nations intent on punishing us for our support of… Read More
Shale’s Future
Innovation and creativity have typified the shale revolution since its inception. Conceived in the union of horizontal drilling and advances in hydraulic fracturing, a new industry was born. Consequently, previously known, but uneconomic, reserves were finally productive. With prices over $100 per barrel the boom was on. When prices dropped to $50 per barrel, shale… Read More
OPEC’s Forecast
“World Oil” reports that OPEC has released its annual “World Oil Outlook” which includes their predictions for global demand, supply and prices. While the primary focus is from now until 2020, the report also includes projections out to 2040. The most recent OPEC forecast calls for demand for its crude sliding through 2020 as supplies… Read More
