All posts for Permian

Dr. Daniel Fine: NAFTA, natural gas and the San Juan Basin

The North American Free Trade Agreement is now in a final stage with the U.S. team looking over the “energy chapter,” which has been approved by Canada and Mexico. The Administration's position, with a revisionist-protectionist core, offers President Trump a withdrawal-from-NAFTA option, at least a ...

Will Fine

Posted 1 month agoOpinion > NAFTACanadaMexico +30

ExxonMobil to Triple Permian Production by 2025, Expand Transportation Infrastructure

Company plans to invest more than $2 billion in terminal and transportation expansion Investments supported by changes to U.S. corporate tax rate Downstream and Chemical expansions progressing due to increased low-cost supply IRVING, Texas--( BUSINESS WIRE )-- ExxonMobil today announced that ...

OilVoice Press - OilVoice

Posted 1 month agoPress > PermianPermian Basintransportation +5

Dr. Daniel Fine: Oil and Gas: A Look at What 2018 May Bring

Trump leads mass deregulation effort; comeback seen for San Juan Basin by Dr. Daniel Fine The price of oil in 2018 will be volatile with commodity market traders selling on signals of OPEC-Russia “cheating” or members producing more oil than the extended Algiers Agreement output quotas. This shou ...

Will Fine

Posted 2 months agoOpinion > Donald TrumpPresident TrumpTrump +68

Dr. Daniel Fine on Oil and Gas: Prices and Supply Short of War in Middle East

One day after the OPEC annual meeting, although composed for publication two weeks ago, this column moves the clock forward to early 2018.  There is a background noise of regional “hybrid war” intruding on the market price of World and West Texas Intermediate oil. Most analysts both commercial and ...

Will Fine

Posted 3 months agoOpinion > Kingdom of Saudi ArabiasaudiSaudi Aramco +89

Has Drilling in the Permian Peaked?

The current production level in the Permian Basin, as of September 2017, is 2.6 mmb/d. That is enough to make the Permian, which straddles Texas and New Mexico, the single largest production area in the US, having exceeded offshore output from the Gulf of Mexico since early 2016. Projections indica ...

Easwaran Kanason

Posted 4 months agoOpinion > PermianWTIOil +1

Dr. Daniel Fine: Hurricanes, strategic implications, royalties and prices

Hurricane Harvey last month shut down more than 3 million barrels of oil refinery output or nearly 17 percent of the nation's capacity. Refinery capacity in the Gulf Coast was down over 30 percent on Aug. 30. Whatever caused this hurricane, there is now a risk of future size and scale to be reckoned ...

Will Fine

Posted 5 months agoOpinion > Hurricane HarveyStrategic Oil & Gasoil royalties +36

Producers employ tech innovations to keep lid on costs

ALBUQUERQUE, N.M. — Devon Energy Corp. manages all its oil operations in southeast New Mexico directly from a command-control center on the 44th floor of its Oklahoma City headquarters. Technology like WellCon, combined with a broad array of other high-tech innovations directly in the oil fields, ...

Will Fine

Posted 6 months agoLink > Dr. Daniel FineNew MexicoTechnology +25

Breathing easier in NM's oil patch

“Before, we weren't even making enough money for that … Some of the large companies are ramping up spending, but for smaller guys like me, it's still a struggle, because we need higher prices in the mid-$60 (per barrel) range for new work-overs to expand production.” That, in turn, pushed the sta ...

Will Fine

Posted 6 months agoLink > Dr. Daniel FineNew MexicoPermian +21

Oil and the Saudi Arabia threat by Dr. Daniel Fine

Dr. Daniel Fine, New Mexico Center for Energy Policy There is instability in the leading oil producer within OPEC and the lowest cost producer in the World. Nothing like this has happened in Saudi Arabia since the middle of the last century. It is only a matter of the short term before the price ...

Will Fine

Posted 7 months agoOpinion > San Juan BasinNew Mexicosaudi +27

Oil and the Saudi Arabia threat

The big picture is struggle between Iran and Saudi Arabia to dominate the region or Islamic Middle East.It was the take-over generation that switched Saudi Arabia oil strategy from an anti-American shale and sand price and market share war against West Texas Intermediate oil to a reduction of outp ...

Will Fine

Posted 7 months agoLink > Saudi ArabiaSaudi Aramcooil price +35

Energy expert Daniel Fine examines Trump plan for U.S. energy ‘dominance’

The Trump administration has pushed an energy policy based on the notion of American self-sufficiency and energy “dominance.” Daniel Fine, associate director of the New Mexico Center for Energy Policy and senior policy analyst for the New Mexico State Department of Energy, Minerals, and Natural R ...

Will Fine

Posted 7 months agoLink > Permian BasinWhite HouseEnergy policy +51

Permian Reserves May Be Much Smaller Than You Think

We are entering a new age of American energy dominance according to Energy Secretary  Rick Perry . President Trump reflected that view in  comments  he made last week that “…we've got underneath us more oil than anybody, and nobody knew it until five years ago.” Trump was referring to tight oil pr ...

Art Berman - The Petroleum Truth Report

Posted 7 months agoOpinion > Art BermanPermianPresident Trump

The Global Energy Leaders Podcast - Episode 58 –

On today's episode, Tom Cambridge, president of the Texas Pipeline Association, visits The Global Energy Leaders Podcast to discuss Texas and the Panhandle Import Reduction Initiative. A founder of Panhandle Import Reduction Initiative (PIRI), a single purpose organization to educate the public a ...

Will Fine

Posted 8 months agoLink > Department of CommerceDonald TrumpPresident of the USA +33

Dr. Daniel Fine is a nice addition | Roswell Daily Record

The recent article by Dr. Daniel Fine in the guest column of your Wednesday edition concerning the impacts of Saudi Arabian-led dismantlement of our lively domestic energy business via flooding the market with underpriced foreign crude from numerous Middle Eastern national oil companies along with ...

Will Fine

Posted 8 months agoLink > Saudi AramcoSaudi ArabiaKingdom of Saudi Arabia +25