Bakken


All posts for Bakken

2.7 million b/d US Crude Oil Pipeline Capacity Delayed in 2021

Pipeline projects in the US that were slated for start-up in 2021 are facing huge challenges from an uncertain demand outlook, lengthy court battles and regulatory review. ESAI Energy's recent North America Watch notes that while some projects already under construction are moving forward, about 2 ...

Jake Wright


Posted 3 months agoPress > DAPLOilDakota Access Pipeline +3

MERCO Announces New Leadership with Brett A. Murray as COO/President

PHOENIX, May 27th, 2020/PRESS RELEASE/ MERCO LLC (Privately Held) today announced the company has completed their formal process and hired Brett A. Murray as new leadership as Chief Operating Officer and President.  "I have known Mr. Murray since 2013 when I purchased his personal holdings of ...


Posted 5 months agoPress > Permian BasinTexas Oil & GasNew Mexico +5

New Mexico watching as Texas considers limits on oil production

Laws governing oil production in New Mexico stem from the Oil and Gas Act of 1935, which, among many other things, suggests the state can impose statewide caps on oil production, as well as more explicitly allowing it to cap output at specific reservoirs or “pools” of oil to “prevent waste.” If p ...

Will Fine


Posted 6 months agoLink > Dr. Daniel FineFarmington New MexicoGovernor of New Mexico +54

Dr. Daniel Fine & T Greg Merrion on the OIL PRICE WAR and U.S. collapse

Interview with Oil and Gas Expert Dr. Daniel Fine with T.Greg Merrion of Merrion Oil D r. Daniel Fine and T. Greg Merrion of Merrion Oil are experts in their fields.  Dr. Fine raises the fact the oil market was manipulated and explains just how it was done.  T Greg gives an acrual account of from ...

Will Fine


Posted 6 months agoOpinion > oil newsBusinessNewsBusiness news +44

Trump promises oil, gas industry assistance a day after WTI traded negative

Natural gas prices may increase Reducing oil production may have some positive impact on the San Juan Basin. Because the Permian Basin has been producing a surplus of natural gas, and there is no way to send all the natural gas to markets, the San Juan Basin natural gas prices have reached histor ...

Will Fine


Posted 6 months agoLink > Dr. Daniel FineFarmington New MexicoGovernor of New Mexico +27

Pandemic rocks Permian Basin as wells, rigs idled and workers laid off

It wasn't long ago that some of the largest oil companies in the world were flocking to Lea and Eddy counties to boost oil production, open regional offices and add high-paying jobs that attracted workers from across the country to cities like Carlsbad and Hobbs. The good ol' days are goneBefore ...

Will Fine


Posted 6 months agoLink > Farmington New MexicoGovernor of New MexicoNew Mexico +65

OPEC, Russia tentatively agree to production cuts

OPEC and Russia, however, want the U.S. to impose state-mandated cuts, rather than let the free market force producers to scale back operations through low prices. And even if a deal is reached, it may do little to raise oil prices, since consumption is now hovering at 50-year lows, and with the ...

Will Fine


Posted 6 months agoLink > OPECG20Non-OPEC +54

Hitting the brakes

Oil producers in New Mexico and elsewhere are hoping for some relief this week, because the Organization of Petroleum Exporting Countries, Russia and other oil-producing nations plan to meet Thursday to discuss potential, collective cutbacks in output to reduce world oversupply and lift prices. N ...

Will Fine


Posted 6 months agoLink > oil and gas newsOil Industry Newsoil news +35

Expert Dan Fine discusses future of oil, natural gas amid low prices and the coronavirus

(Photo: Augusta Liddic/The Daily Times)AZTEC — Two tweets sent by President Donald Trump on the morning of April 2 spurred optimism for an oil industry hit hard by a flood of oil from Saudi Arabia and Russia, driving down the price. (Photo: Twitter screengrab)Fine said Russia, which has been frus ...

Will Fine


Posted 6 months agoLink > NewMexicogeopoliticalGeopolitics +66

Special lecture on the Oil Price War with Dr. Daniel Fine rescheduled for this Thursday 4/2

News Breaking Announcement from Dr. Fine--> My entire lecture is this upcoming THURSDAY APRIL 2 “ENERGY ELECTION 2020" has been moved to a Zoom conference instead from 10AM to 11:15AM ! To get on the ZOOM conference call -> 505 566 3702 and ask for Cecilia! or email cgunnell@4cornersed.com You ...

Will Fine


    US 02 Apr 2020


Posted 6 months agoEvent > durangoFarmington New Mexicocolorado +57

Oil and gas industry faces huge loss

BY KEVIN ROBINSON-AVILA AND DAN BOYD / ALBUQUERQUE JOURNAL STAFF WRITERS Published: Thursday, March 19th, 2020 at 5:04pm Updated: Thursday, March 19th, 2020 at 9:55pm " Copyright © 2020 Albuquerque Journal With oil prices plunging to their lowest level in 22 years, state legislators are proje ...

Will Fine


Posted 7 months agoOpinion > Farmington New MexicoDelaware BasinWest Texas Delaware Basin USA +63

Oil price plunge wallops NM

With Russia and Saudi Arabia now locked in battle over which country can sustain their economies the longest as prices plummet, the Permian Basin in West Texas and southeast New Mexico is caught directly in the crossfire. In fact, in good part, the price war appears directly aimed at slowing prod ...

Will Fine


Posted 7 months agoLink > Governor of New MexicoFarmington New MexicoBusiness news +48

Oil price plunge wallops New Mexico

BY KEVIN ROBINSON-AVILA / Albuquerque JOURNAL STAFF WRITER Published: Monday, March 9th, 2020 at 10:02pm Copyright © 2020 Albuquerque Journal New Mexico's oil boom could soon turn to bust after world prices for crude crashed on Monday. The price for U.S. benchmark West Texas Intermediate b ...

Will Fine


Posted 7 months agoOpinion > RussiaRussian marketOPEC +85

Analysis: Oil market glut will lead to declining prices through 2020 by Dr. Daniel Fine

With the OPEC-Russia meeting ahead, the price of oil is at a crossroad.  President Trump wants lower prices for gasoline at the pump and the Democratic Party wants a shortage to lift prices higher. This is the 2020 presidential election, to re-elect Trump or a create a Democratic left-center White ...

Will Fine


Posted 1 year agoOpinion > Pioneer Natural ResourcesOccidental PetroleumAnadarko Corporation +97

Rocky Mountains Shale, Production Optimization Bakken, DJ & Powder River Congress 2019

The Rocky Mountain plays are heating up once again - Bakken is going strong, Powder River is picking up and for some, the DJ Basin is the hottest shale formation. Regardless of acreage position, operators everywhere are trying to figure out how to keep their artificial lift systems optimized and br ...

Louise Gosling


    21 May 2019


Posted 1 year agoEvent > Rocky MountainsBakkenPowder River Basin +5