West Texas Delaware Basin USA


All posts for West Texas Delaware Basin USA

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 10 months agoOpinion > OPECNon-OPECNOPEC +91

Dr. Daniel Fine: Trump and Oil in Trade Geopolitics

Unlike 1973, and its oil embargo against the United States, there is no supply threat from the Middle East. Consequently, only a demand unknown moves the price of crude oil. Permian/Delaware has displaced the Middle East as a source and even Mexico imports U.S. production.  This has caused euphori ...

Will Fine


Posted 1 year agoOpinion > United StatesMiddle EastPermian +69

Dr. Daniel Fine: Oil – Before and After the November Election

The Trump Administration is moving towards less royalty rates on Federal land leases, less Bureau of Land Management discretion on Environmental Protection Act obstruction on the Application for Petroleum Drilling process, less coal and nuclear power generation decline, and less oil supply confiden ...

Will Fine


Posted 1 year agoOpinion > Ryan zinkeDonald TrumpPresident Trump +66

Dr. Daniel Fine: Oil Speculation and Natural Gas/LNG in New England and Russia

American oil production is poised to reach upward to 11 million barrels of oil per day if the price of West Texas Crude reaches $75 a barrel.   Saudi Arabia or Saudi Aramco believes it will, and commodity speculators are following. It is similar to 2008 in June when Goldman Sachs forecast $250 per ...

Will Fine


Posted 1 year agoOpinion > Kingdom of Saudi ArabiaSaudi ArabiaSaudi Arabia Oil +34

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 1 year 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 1 year agoOpinion > Kingdom of Saudi ArabiasaudiSaudi Aramco +89

In The Oil Patch – Dr. Daniel Fine (ep. 123)

In The Oil Patch – Episode 123: host Kym Bolado and her cohost Alvin Bailey welcome Dr. Daniel Fine onto the show! Dr. Fine is with the New Mexico Center for Energy Policy and he does not hold back any of his thoughts in this episode. This is definitely a must-listen show!

Will Fine


Posted 2 years agoLink > OPECKingdom of Saudi ArabiaSaudi Arabia +39

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 2 years 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 2 years 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 2 years 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 2 years 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 2 years agoLink > Permian BasinWhite HouseEnergy policy +51

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 2 years 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 2 years agoLink > Saudi AramcoSaudi ArabiaKingdom of Saudi Arabia +25

Texas Panhandle group calls on Trump to change oil trade practices

“It's a core industry in that it reduces poverty and it increases the standard of living for people,” said Tom Cambridge, PIRI facilitator and petroleum geologist at Amarillo's Cambridge Production Inc. “We think that having a stable oil supply in this country that is not threatened by Saudi Arabi ...

Will Fine


Posted 2 years agoLink > ShaleTradePresident of the USA +13