Our Blog
EIA Predicts Shale Oil Production Increase
“Rigzone” reports that the U. S. Energy Information Administration (EIA) predicts shale oil production will increase approximately 75,000 barrels of oil per day (bopd) per month during May and June. The largest increase, 26,000 bopd per month, is projected for the Eagle Ford Shale in South Texas, bringing the June rate to 1.4 million bopd. … Read More
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
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
Fossil Fuels will Continue to Dominate per IEA
Fossil fuels will continue to dominate energy supplies well into the future according to an article in “Rigzone”. Fatih Birol, Chief Economist at the International Energy Agency (IEA), pointed out that in spite of intense efforts to replace fossil fuels with renewables, the former have maintained their preeminent position and will continue to do so. … Read More
A Worthy Cause and a Noble Effort
Russell T. Rudy Energy, LLC, would like to acknowledge our appreciation for the efforts of Harold Inman, on behalf of the Patrick Williamson Foundation. As a member of the Board of Directors, Harold has helped to organize a major fund raising events for the Foundation with an event planned in Lafayette, Louisiana in April of… Read More
