tag:blogger.com,1999:blog-17557570981811304032024-03-13T03:52:43.030-04:00The Daily DiggerThe Daily Digger is dedicated to being your one-stop location to find all of the latest news and updates on the activity in the nationwide shale play, as well as relevant updates regarding the energy industry in general.Rob Mageehttp://www.blogger.com/profile/00789778715303614261noreply@blogger.comBlogger5342125tag:blogger.com,1999:blog-1755757098181130403.post-46730537511198376552021-05-31T05:40:00.006-04:002021-05-31T05:40:50.558-04:00The Second Largest Oil and Gas Merger - Cabot and Cimarex <p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_1eMKy5E3HK9Yj_6MbBVTVwr8OqNz1l2VtzqNWJ7HP9onumQvJ8nh9sNhfhyQ4_2pHlbReXJiNRp9-OavwYbhQUm_qVOJybR_5PzH56YGF2CqGWlhcMBVzhCY58dJZTF77KbunFExKXI/s2048/worksite-ltd-L6zHcLQ9eYY-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1365" data-original-width="2048" height="251" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_1eMKy5E3HK9Yj_6MbBVTVwr8OqNz1l2VtzqNWJ7HP9onumQvJ8nh9sNhfhyQ4_2pHlbReXJiNRp9-OavwYbhQUm_qVOJybR_5PzH56YGF2CqGWlhcMBVzhCY58dJZTF77KbunFExKXI/w377-h251/worksite-ltd-L6zHcLQ9eYY-unsplash.jpg" width="377" /></a></div><div class="separator" style="clear: both; text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: left;"><br /></div><p></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>Due to investor pressure, the U.S shale drillers are being pushed to improve financial and operational performance after a few years of poor returns. Even though the industry has improved its numbers, when compared to last year, investors still want more to be done for them to earn more money.</span></p><div class="separator" style="clear: both; text-align: center;"><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>That's why two mid-tier shale drillers, Cabot and Climarex, have decided to merge in order to eliminate $100 million in annual costs, which means more money for the investors. This all-stock transaction is valued at about $7.4 billion, which is relatively high for the oil and gas sector.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>The new entity will be renamed and the headquarters located in Houston, Texas. Cabot shareholders will own 49.5 percent of the new entity, and Climarex the rest. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>The Cimarex-Cabot merger will address the investor's demand for a higher amount of returning cash. The initial plan is to pay a 50-cent-per-share special dividend on closing the deal while offering a quarterly variable dividend, on top of a fixed payout every three months.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>Cabot currently operates in the Marcellus shale basin in Appalachia and Climarex drills in the Permian and Anadarko basins. The Cabot-Cimarex merger is the most significant U.S. oil and gas agreement since Chevron Corp.'s takeover of Noble Energy Inc. last year, according to data gathered by </span><a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-05-24/cabot-cimarex-to-merge-forming-shale-driller-worth-17-billion" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Bloomberg</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>The merger is foreseen to close in the 4th quarter, but keep in mind that regulatory clearance, shareholder approval, and other customary closing conditions will affect the actual merger agreement date.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>Did you enjoy this article? If so, remember to subscribe and follow our website so you can stay up to date on the latest shale and natural gas news! </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"></p></div><p><br /></p>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comOhio, USA40.4172871 -82.90712300000001312.107053263821157 -118.06337300000001 68.727520936178848 -47.750873000000013tag:blogger.com,1999:blog-1755757098181130403.post-49379553731091660132021-04-28T06:40:00.002-04:002021-04-28T06:40:15.303-04:00Equinor Finalizes Sale of Bakken Shale Assets<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEuLxrf1ixLe19lIZu4klPfQSUqNtymBCZMg4qMy2bSU1MgJ-ufMIMX3hlS0reWaqBhSqhh8DEpdOas8EGr8mGSLm98VD25ndyViSIzjiti8b9KWWttz06JhtSYKROhXDw701UBpnItSE/s2048/worksite-ltd-MVA-zlTQdSE-unsplash+%25281%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1365" data-original-width="2048" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEuLxrf1ixLe19lIZu4klPfQSUqNtymBCZMg4qMy2bSU1MgJ-ufMIMX3hlS0reWaqBhSqhh8DEpdOas8EGr8mGSLm98VD25ndyViSIzjiti8b9KWWttz06JhtSYKROhXDw701UBpnItSE/s320/worksite-ltd-MVA-zlTQdSE-unsplash+%25281%2529.jpg" width="320" /></a></div><p><br /></p><p> <span style="color: #0e101a;">Equinor, a Norwegian-owned petroleum company, has finally completed the sale of their onshore assets in the Bakken Shale. Their decision to sell their assets comes after a decade of multibillion-dollar losses and criticism for their bad investment choices. Equinor has sold all its operated and non-operated acreage (along with their midstream assets) in the Bakken region in North Dakota and Montana to Grayson Mill Energy for a total of $900 million. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">They will continue to operate their assets for the coming four months, after which they'll hand over all of the operations to Grayson Mill Energy. Despite this significant change of ownership, Grayson Mill Energy has stated that nearly all field staff and many of those in the maintenance teams currently on the Bakken assets will remain after the transition. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">What do we know about the Equinor Bakken Shale assets? </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Equinor Bakken Shale Asset</span></h2><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The Bakken region has dramatically evolved during the last decade's shale boom and currently generates more than 1 million barrels of oil a day, reaching a peak in late 2019. The region has a high per-barrel cost of production, and investor interests in the capital discipline have caused producers to restrict output since the coronavirus pandemic began.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Equinor bought assets from Brigham Exploration Company for $4.7 billion back in 2011. Unfortunately, Equinor recorded an accounting loss of $21.5 billion during the past years on its overall U.S. activities, including $9.2 billion due to onshore shale. This has also affected Equinor's shares, as they were down 2.1% for some time. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The losses were not because of a lack of production, as Equinor produced 48,000 barrels of oil equivalent per day from its 242,000 acres in the Bakken Shale region in the fourth quarter of 2020, which is about 15% of its U.S. output. Most of the losses were caused by lower-than-expected oil and gas prices, especially after the 2014 oil price crash. On top of that, Equinor underestimated the complexity of operating U.S. onshore assets, and their management did not tackle problems promptly.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Grayson Mill Energy has stated that they will take full advantage of their assets and take necessary precautions to avoid any loss.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Do you want to stay up to date on current oil news? If so, subscribe to our website! At the Daily Digger, we do our best to deliver oil news based on facts instead of biased opinions. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"></p>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-3949637356165286272021-04-26T06:47:00.002-04:002021-04-26T06:47:11.184-04:00Pennsylvania Operator To Acquire Three Natural Gas Producers<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCDCy8_2sVY_GaT6Xkc6aeOXRmgtkC_DMUm-O39-IM7mEzgEdNKAAUNFsje9F46W9LNgbRnjDzekWGfKrpjFkDA2Vi9DtasNuFTrDREUB6MngptygyxEyBfaxOFCZZ0maQ3gJ4ws8sqD4/s1920/gas-863172_1920.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1920" data-original-width="1276" height="295" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCDCy8_2sVY_GaT6Xkc6aeOXRmgtkC_DMUm-O39-IM7mEzgEdNKAAUNFsje9F46W9LNgbRnjDzekWGfKrpjFkDA2Vi9DtasNuFTrDREUB6MngptygyxEyBfaxOFCZZ0maQ3gJ4ws8sqD4/w197-h295/gas-863172_1920.jpg" width="197" /></a></div><br /><p></p><p><span style="color: #0e101a;"><br /></span></p><p><span style="color: #0e101a;">Last week, American Energy Partners Inc. stated its plans to acquire three oil and natural gas producers. The deal is valued at almost $11 million and includes companies in western Pennsylvania and West Virginia.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">American Energy Partners said it would obtain all of the stock and units of the three undisclosed companies. CEO Brad Domitrovitsch says: “</span><em style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">This transaction furthers our commitment to acquiring steady cash-flowing businesses while enhancing our ability to develop alternative green energy opportunities with the vast amount of acreage included in the package.” </em></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The sale involves 467 wells currently yielding 1.25 Bcfe/d and midstream assets spread over 695 acres (includes 100% owned surface and mineral rights). Additionally, there are no drilling commitments or obligations for the properties.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">American Energy controls several subsidiaries, including: </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></p><ul style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Oilfield Basics LLC</span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Hickman Geological Consulting LLC</span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">American Energy Solutions LLC</span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Hydration Company of PA</span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Gilbert Oil and Gas</span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></li></ul><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">These subsidiaries are primarily involved in water treatment for the industrial and energy sectors. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Moreover, Gilbert Oil and Gas is a producer with assets in western Pennsylvania. These include more than 1,000 acres of shallow rights in an area of Marcellus and Utica shale development.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The company anticipates uniting its current upstream and midstream operations into the newly acquired companies, which would increase net reserves by 19 Bcfe. Management also expects the transaction to increase annual revenue by $2 million beginning in the third quarter of 2021. The deal should close in July.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></p><p>Do you want to stay up to date on current oil news? If so, subscribe to our website! At the Daily Digger, we do our best to deliver oil news based on facts instead of biased opinions. </p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"></span></p><p><br /></p>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comOhio, USA40.4172871 -82.90712300000001312.107053263821157 -118.06337300000001 68.727520936178848 -47.750873000000013tag:blogger.com,1999:blog-1755757098181130403.post-89724843630380496012021-04-22T06:14:00.007-04:002021-04-22T06:14:44.362-04:00Is a Strong Oil Demand Expected This Year?<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN6arD_4k2KBBRtrkQ6BNLS_7sns91SLy68k-mkTgfHkcYNkMcjJ3EOONLTCfRNr0gCw1_QmE8BlIJUlWbVusvSkS_BgEhNYzkUAXANmqVryo0MkWp6s1MoLvY6bvGuNZnY-NdoEBKb6U/s2048/zbynek-burival-GrmwVnVSSdU-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1400" data-original-width="2048" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN6arD_4k2KBBRtrkQ6BNLS_7sns91SLy68k-mkTgfHkcYNkMcjJ3EOONLTCfRNr0gCw1_QmE8BlIJUlWbVusvSkS_BgEhNYzkUAXANmqVryo0MkWp6s1MoLvY6bvGuNZnY-NdoEBKb6U/s320/zbynek-burival-GrmwVnVSSdU-unsplash.jpg" width="320" /></a></div><br /><p></p><p><br /></p><p>According to the world's largest oil traders, global oil demand is set for a rebound. Between now and the end of 2022, global consumption is expected to increase by up to 8 million barrels each day. Vitol Group, the world's largest oil trader, supports this statement. </p><p><br /></p><p>In an interview with Bloomberg, Vitol's chief executive Russell Hardy said, "We'll need all eight cylinders to get through 2022". This, of course, is due to the lower than average demand for oil at the moment. Reopening economies and Asian markets will create a strong demand rebound by the end of this year and in 2022. </p><p><br /></p><p>Although the demand for jet fuel will slowly increase, it will still be below average at the end of the year. Nevertheless, a surge in petrochemicals will offset the expected delay in jet fuel demand. Last year, the oil surplus reached a record of 1 billion barrels. This excess is already more than halfway drained, and experts believe it will be depleted by the third quarter this year. </p><p><br /></p><p>For the rest of 2021, OPEC+ will continue to lead in oil production, and it is up to them to ensure a balanced market as the demand surges. </p><p><br /></p><p>Do you want to stay up to date on current oil news? If so, subscribe to our website! At the Daily Digger, we do our best to deliver oil news based on facts instead of biased opinions. </p><p><br /></p>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comOhio, USA40.4172871 -82.90712300000001312.107053263821157 -118.06337300000001 68.727520936178848 -47.750873000000013tag:blogger.com,1999:blog-1755757098181130403.post-91472668159643466922021-04-21T06:16:00.002-04:002021-04-26T06:47:21.806-04:00Huge Job Increase During the Month of March for Oilfields<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0ZT0DzE2C5yxgmkph0CFeIGTlKVo-wa3TpOs_yQ_IComQ-3BYg8KmsBHf6Js6CtEAoKwmmXF1PsuFMFGsw-3u6RcfRglUWn7TYuruxxPC_32YEF9gruJtdvtkD52tHdwlHMmfNjEvRIc/s2048/jeff-w-X-o-Pd_FRU4-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1365" data-original-width="2048" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh0ZT0DzE2C5yxgmkph0CFeIGTlKVo-wa3TpOs_yQ_IComQ-3BYg8KmsBHf6Js6CtEAoKwmmXF1PsuFMFGsw-3u6RcfRglUWn7TYuruxxPC_32YEF9gruJtdvtkD52tHdwlHMmfNjEvRIc/s320/jeff-w-X-o-Pd_FRU4-unsplash.jpg" width="320" /></a></div><br /><p></p><p><br /></p><p>Since the start of the pandemic, companies in the shale industry have laid off 102,000 workers. While the industry has slowly recovered in some states, some are still suffering and have needed to continue to lay off workers. Texas has been hit the worse, as they have had to lay off over 39,000 workers since February 2020.</p><p>According to the Hobby School of Public Affairs, jobs in the shale industry dropped from 691,866 in March 2020 to 628,362 in March 2021, a 9% decline. Losing these workers who comprise the OFS sector jeopardizes the development of innovative technologies that increase productivity, improve environmental performance, and decrease greenhouse gas emissions.</p><p><br /></p><p>Recent <a href="https://www.bls.gov/" rel="nofollow" target="_blank">BLS</a> (Bureau of Labor Statistics) revisions reported that in February 2021, job loss was 7,697. This is still significantly less than January 2021, which was 10,048. Despite workers still being laid off, this year seems to be better than last year as the sector was a rollercoaster ride with all of the job loss.</p><p><br /></p><p>Fortunately, for the month of March 2021, there was an increase of 23,000 workers, a considerable rise in new workers when compared to previous months. That is a rise of 3.8%, largely thanks to more rigs being brought online and more people being vaccinated. As the year continues, the number should be on the rise as things begin to normalize. </p><p><br /></p><p>It's also worth mentioning that many big corporations will receive a considerable boost in funds to get back on their feet. Some companies like Exxon have already received $10 billion in federal funds. With these funds, companies will be able to increase productivity and perhaps reach the same momentum pre-COVID 19. </p><p><br /></p><p>Did you enjoy this article? If so, remember to subscribe and follow our website so you can stay up to date on the latest shale and natural gas news! </p><p><br /></p><p><br /></p>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comOhio, USA40.4172871 -82.90712300000001312.107053263821157 -118.06337300000001 68.727520936178848 -47.750873000000013tag:blogger.com,1999:blog-1755757098181130403.post-86788416977898542782021-04-08T02:55:00.002-04:002021-04-08T02:55:11.615-04:00Biden’s ‘Infrastructure’ Bill Threatens Natural Gas<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjieIHzqp5ZX0f4Frdfq4zdLINa-kfFvpBqvC-4xG1x3GZqudkSBRQ7pjmb7-mQqaT2U42tj7qDEpdTP6jf0wiXAj00OcLMWpbHh03iXHGQ6AwdXeew2uKpStMNzDIbZ3u_6mt10SvrD_4/s1920/oil-rig-101275_1920.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1096" data-original-width="1920" height="252" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjieIHzqp5ZX0f4Frdfq4zdLINa-kfFvpBqvC-4xG1x3GZqudkSBRQ7pjmb7-mQqaT2U42tj7qDEpdTP6jf0wiXAj00OcLMWpbHh03iXHGQ6AwdXeew2uKpStMNzDIbZ3u_6mt10SvrD_4/w441-h252/oil-rig-101275_1920.jpg" width="441" /></a></div><br /><p></p><p><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></p><p><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">Like most politicians, President Biden made promises during his campaign that he has no intention of keeping. As a result, the domestic natural gas industry will likely suffer. With that, President Biden plans to roll out a new </span><a class="editor-rtfLink" href="https://edition.cnn.com/2021/04/06/politics/joe-biden-infrastructure-us-debate/index.html" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">infrastructure plan</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Back in 2019, Biden stated his hopes to ban hydraulic fracturing. These statements came back to haunt him in his battle with Donald Trump to win the state of Pennsylvania. A large portion of the state's economy is the Marcellus shale natural gas production. Without the use of fracking, companies cannot produce natural gas. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">During the initial part of the election campaign, Biden's staff persuaded the public that Biden would not ban fracking. However, the public was not convinced, so Biden traveled to Pittsburgh to discuss the critical role natural gas would play in his administration's energy plans. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Later, his campaign rolled out a "Clean Energy Plan", designed to achieve a national net-zero carbon emissions outcome by 2050. The plan was based on "technology-neutral standards" such as hydroelectric, geothermal, existing and advanced nuclear, and carbon capture and storage. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Last week, the Biden/Harris administration rolled out the "American Jobs Plan". It has received criticism from many, including infrastructure project advisory firm ARBO who have stated the following: "For a campaign whose slogan was Build Back Better, the fact that the title of its supposed major infrastructure plan makes no mention of either building or infrastructure is telling. The plan essentially has morphed into a jobs plan that has limited spending on true infrastructure. The plan also abandons key promises that President Biden campaigned that would have kept the natural gas industry and pipelines relevant for decades." </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Biden's Clean Energy Plan focused on </span><a class="editor-rtfLink" href="https://www.thedailydigger.com/2021/03/major-oil-and-gas-ceos-side-with.html" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">tax incentives</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> for "technology that captures carbon and then permanently sequesters or utilizes that captured carbon, which includes lowering the cost of carbon capture retrofits for existing power plants." It also promised research investments. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">However, the ARBO notes that "he only mentions of carbon capture and storage come in two tiny projects that involve use of the technology for retrofitting large steel, cement, and chemical production facilities in environmental justice communities and as part of a plan to invest in demonstration projects in various areas including utility-scale energy storage, hydrogen, advanced nuclear, rare earth element separations, floating offshore wind, biofuel/bioproducts, quantum computing, and electric vehicles."</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">During the campaign, there was also a heavy focus on hydrogen-fueled vehicles. This technology would allow existing natural gas and oil pipelines to be repurposed to transport hydrogen around the nation. Yet, the Biden bill has all but abandoned the focus on hydrogen. ARBO notes, "hydrogen, which is a key component of the net-zero plans in the rest of the world, is mentioned only twice in these small programs that include carbon capture and storage."</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Moreover, the promises to push for federal incentives for the reparation or replacement of natural gas distribution systems to reduce methane emissions and create blue-collar jobs have also disappeared from the plan rolled out last week. ARBO states that "the only methane reduction program is the remaining $16 billion in the energy category for a program to plug oil and gas wells and restore and reclaim abandoned coal, hard rock, and uranium mines."</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The administration has included some infrastructure spending as a feature of the bill while focusing on other priorities, knowing that it could win them some points with the public. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Additional evidence of Biden's plans for natural gas was seen at a televised meeting on October 18. The then-presidential candidate promised not to ban fracking but in the same breath promoted his clean energy plan, which aims to cut natural gas out of the power mix within fifteen years. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The natural gas industry interprets Biden's infrastructure bill. If the administration gets its way, their business will become extinct shortly. The only question is how long it has left. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Did you enjoy this article? If so, remember to subscribe and follow our website so you can stay up to date on the latest shale and natural gas news! </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"></p>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-24118915063207828932021-03-24T07:40:00.004-04:002021-03-25T03:22:45.112-04:00Major Oil and Gas CEO's Side With Climate Change Initiative<p style="text-align: center;"> <span> </span></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvzvNJ44WvgH-L_kBWebgspG92-jcKJXMFm1-YQt63XdhyphenhyphenxcRSvb3donZKrvKs-PfzV3TPdljbT7rpbbwa6WQOEJCM3I5_JfeGO0no5tzECab4FHEEsKAisoj1KjUb5A_LjXHZeFQPq9Y/s1920/refinery-514010_1920.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1080" data-original-width="1920" height="196" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvzvNJ44WvgH-L_kBWebgspG92-jcKJXMFm1-YQt63XdhyphenhyphenxcRSvb3donZKrvKs-PfzV3TPdljbT7rpbbwa6WQOEJCM3I5_JfeGO0no5tzECab4FHEEsKAisoj1KjUb5A_LjXHZeFQPq9Y/w348-h196/refinery-514010_1920.jpg" width="348" /></a></div><br /><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></span><p></p><p><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>Climate change has been an ongoing topic in the past years and one of the main topics covered during the presidential campaign by then-presidential candidate Joe Biden. He had </span><a class="editor-rtfLink" href="https://www.thedailydigger.com/2021/02/biden-administration-and-future-of.html" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">threatened to remove</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> all fracking sites to reduce carbon emissions to zero. Of course, towards the end of the presidential campaign, Joe Biden became less hostile towards the fracking industry and devised a more reasonable way of reducing carbon emission.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>On Monday, at least 10 chief executives from major U.S. oil companies (Exxon Mobil Corp., BP Plc, ConocoPhillips, Royal Dutch Shell Plc, Chevron Corp, and Devon Energy Corp) have <a href="https://royaldutchshellplc.com/2021/03/24/oil-titans-vow-climate-collaboration-with-white-house/" target="_blank">decided to collaborate</a> with the Biden administration in its campaign against climate change. White House National Climate Adviser Gina McCarthy has stated that oil industry leaders promised support for federal regulations. The main focus being limiting emissions of methane from wells and other oilfield equipment.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>This is the first step in a list of carbon-cutting pledges created by Biden's administration. Of course, more carbon-cutting pledges are expected to come throughout President Biden's term, especially since the U.S. returned to the Paris climate agreement. Is this bad news for the fracking industry?</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h3 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> Climate Change and Fracking </span></h3><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">White House National Climate Adviser Gina McCarthy made clear that they are not fighting the oil and gas sector but fighting to create union jobs, use emission reduction technologies, restore American manufacturing, and fuel the American economy. It was also stated that the current moratorium (limiting the sale of oil and gas leases on federal land) would slowly be lifted, even though there will be some control for future leases.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The American Petroleum Institute is even considering endorsing a carbon price, which could take the structure of an emissions-trading program or a tax on heat-trapping greenhouse gases. Most of the executives pitched in their own ideas concerning putting a price on carbon dioxide emissions, which will push them and other oil and gas companies to invest in emission-reducing technology. This meeting was quite different from the one held by the Obama administration, as that one had lots of unpleasant remarks concerning climate change. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Dave Lawler, the chairman of BP America Inc, said that the industry wants to ensure that policymakers in Washington understand that we can achieve our shared goal for a low-carbon future while strengthening American energy leadership and supporting the nation's economic recovery, without sacrificing the oil and gas industry. The API President Mike Sommers also stated that they are committed to working with the White House to develop effective government policies that help meet the Paris agreement's ambitions and support a cleaner future.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h3 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">A Clearer Future for the Fracking Industry</span></h3><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">While these changes are yet to be officially implemented, it's a good stepping stone for a cleaner future that doesn't sacrifice a whole industry. Some industry executives don't agree with these changes, so some tweaking to these pledges is still needed. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Did you enjoy this article? If so, remember to subscribe and follow our website so you can stay up to date on the latest shale and natural gas news! </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"></p>
<center> <a target="_blank" href="https://shareasale.com/r.cfm?b=1615280&u=2737385&m=95519&urllink=&afftrack="><img src="https://static.shareasale.com/image/95519/20_PARTNE-426_ShareASale_August_Banner_4.png" border="0" /></a></center>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-72403805902582037962021-03-19T06:48:00.002-04:002021-03-19T06:48:11.656-04:00Shale Industry Is Prioritizing Debt Over New Well Drilling<p> <span> </span></p><p><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span> </span></span></p><div class="separator" style="clear: both; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkYGBVWFNGkp4Lbnp0u9dENZBTSYubjJL-aunyWTEwRGl7ljtdnOgtbt_FPT3qvyhCVphvVzGTr4f923dzLBY1YsY5Sm2mjxtkH6J2PBV2peZiBwuFxbjaqLWiUXqpykWIuuA5JKMKgn8/s1920/Untitled+design.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1440" data-original-width="1920" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkYGBVWFNGkp4Lbnp0u9dENZBTSYubjJL-aunyWTEwRGl7ljtdnOgtbt_FPT3qvyhCVphvVzGTr4f923dzLBY1YsY5Sm2mjxtkH6J2PBV2peZiBwuFxbjaqLWiUXqpykWIuuA5JKMKgn8/s320/Untitled+design.png" width="320" /></a></span></span></div><p></p><p><br /></p><p><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>Despite the increase in U.S. oil demand, big shale producers are focusing on their debt over drilling. They are keeping true to what they've told their investors by cutting costs throughout the whole industry. Contrary to publicly owned shale companies, </span><a class="editor-rtfLink" href="https://www.thedailydigger.com/2021/03/how-privately-owned-shale-drillers-are.html" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">privately-owned</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> shale producers are now focusing on increasing their productivity, as we mentioned in a previous post. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>This is good news for OPEC+, as this will restrain output and drive crude prices higher without unleashing a barrage of supply from U.S. rivals. The U.S. shale industry is slowly coming back, but this new approach will leave oil output below pre-pandemic levels until late next year. Michael Tran, managing director for RBC Capital Markets, stated that publicly traded explorers that remain restrained on output are aiding to keep crude prices up. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Michael Tran also said, "the more restrained shale drillers are this year, the more they can potentially grow production at higher prices next year and beyond". As those crude prices climb during this year and the next, the odds of another shale boom (like </span><a class="editor-rtfLink" href="https://www.thebalance.com/us-shale-oil-boom-and-bust-3305553" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">that of 2014</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">) rise. Most U.S. onshore operators are careful due to current prices, leaving a vast group of operators (from large public companies to private companies) in a good position to ramp up activity this year.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">What are publicly listed shale companies doing to reduce costs? Let's take a look.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h3 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: medium;">Slowing Down on Output</span></strong></h3><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></strong></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>Despite oil prices slowly returning to pre-pandemic levels, companies and producers are still slowing down. Big fracking companies are now focusing on reducing debt and paying cash back to shareholders through dividends. This, in turn, has forced producers to keep their production low. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>Some companies like Matador Resources Co. and EOG Resources Inc. have announced plans to boost their output, but unfortunately, have had share prices drop.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h3 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Capital Discipline</span></h3><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>Most major shale players are now practicing capital discipline. This means companies exercise discipline and caution in how much money they borrow, raise, and spend to deliver the best returns to their shareholders and guarantee their long-term stability. Exploration and production companies are focused on producing free cash flow and restoring their balance sheets.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h3 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Companies Merging </span></h3><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Due to the pandemic, many companies have had to merge in order to stay afloat. Companies like Concho Resources Inc. and Parsley Energy Inc., some of the top drillers, have been acquired by larger rivals.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h3 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Shale Industry Is On the Right Course</span></h3><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Despite the slowing down on most of its production, shale companies are still on the right track to recovering from the pandemic's effects. The only thing left for these major companies to do is be patient and keep their shareholders happy. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Did you enjoy this article? If so, remember to subscribe and follow our website so you can stay up to date on the latest shale and natural gas news! </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt;"><br /></h2><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"></p>
<center> <a href="https://shareasale.com/r.cfm?b=1602939&u=2737385&m=95519&urllink=&afftrack=" target="_blank"><img border="0" src="https://static.shareasale.com/image/95519/PNG-20_PARTNE-358_SECCO_Squared_March_02.png" /></a> </center>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comOhio, USA40.4172871 -82.90712300000001312.107053263821157 -118.06337300000001 68.727520936178848 -47.750873000000013tag:blogger.com,1999:blog-1755757098181130403.post-3354513097999747842021-03-08T08:07:00.002-05:002021-03-08T08:08:21.948-05:00The Negative Impact of the Pandemic and Arctic Weather Affect Oilfield Workforce<p> <span> </span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYYjWvtTY0xtwqM5lBvgvWkoY6DBBNgVaG2Z_higwW0ycOBKW3UaXZ1n5tUMwHLaWwcnZ8Tid4Sim0Wm6CoMbh6HDa79BlEtgi23i54uaHjzE5c8Fw0IYIxbwEuNCf2PDXMB5d27To94o/s2048/delfino-barboza-UMqpxPOrxsY-unsplash.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1536" data-original-width="2048" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYYjWvtTY0xtwqM5lBvgvWkoY6DBBNgVaG2Z_higwW0ycOBKW3UaXZ1n5tUMwHLaWwcnZ8Tid4Sim0Wm6CoMbh6HDa79BlEtgi23i54uaHjzE5c8Fw0IYIxbwEuNCf2PDXMB5d27To94o/w400-h300/delfino-barboza-UMqpxPOrxsY-unsplash.jpg" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><p><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>Without a doubt, the shale industry has boosted job creations throughout the US. When the industry began to boom back in 2012, it created </span><a class="editor-rtfLink" href="https://www.globalenergyinstitute.org/new-ihs-study-american-shale-gas-boosting-job-creation#:~:text=According%20the%20researchers%2C%20this%20tightly,the%20end%20of%20the%20decade." style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">1.8 million jobs</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">. At the start of the fracking boom, workers were paid an average of $35.15 per hour, which was higher than the general economy's wages.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>Experts even estimated that the shale industry would bring in $111 billion in federal and state government revenues in 2020. Unfortunately, due to the COVID-19 outbreak in 2020 and the </span><a class="editor-rtfLink" href="https://www.thedailydigger.com/2021/02/arctic-air-freezes-permian-shale-fields.html" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">extreme cold weather</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> that affected major shale sites only a few weeks ago, the industry has taken a toll. Despite the oil and gas market steadily getting back on its feet, the negative effects are still being seen.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Shale Workforce Cut</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>Major fracking companies and the companies that manufacture the equipment have had to cut down on personnel over the past months. An estimated 12,321 jobs cut over the past three months due to the effects of the COVID-19 and the extreme cold weather, which halted most of the oil and gas production. Let's take a look at how many jobs have been lost since February 2020:</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Shrinks </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></p><ul style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Texas - 56,000 </span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Louisiana - 10,800</span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Oklahoma - 8,600</span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Colorado - 4,200</span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">New Mexico - 3,800 </span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">California - 3,700</span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Pennsylvania - 3,600</span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">North Dakota - 3,200</span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Wyoming - 2,400</span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Ohio - 1,700</span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Alaska - 1,600</span></li><li style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; list-style-type: disc; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">West Virginia - 1,500</span></li></ul><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><span> </span>As you can see, more than 101,000 jobs were cut as of February 2020. This number may increase as the major oil and gas companies begin to reduce output in order to appease investors. Of course, </span><a class="editor-rtfLink" href="https://www.thedailydigger.com/2021/03/how-privately-owned-shale-drillers-are.html" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">private fracking companies</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> are making a strong comeback, which may soften the blow to the industry.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Fracking Is Slowly Returning to Its Former Glory</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">There is still lots of hope left in the industry, despite the downfall it has had in recent times. The IHS still estimates that by the year 2035, fracking will have created more than 3.5 million jobs and $475 billion in revenue. Of course, it will be sometime before it's back on its feet, but surely it will get there.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Did you enjoy this article? If so, remember to subscribe and follow our website so you can stay up to date on the latest shale and natural gas news! </span></p>
<center> <a href="https://shareasale.com/r.cfm?b=1602939&u=2737385&m=95519&urllink=&afftrack=" target="_blank"><img border="0" src="https://static.shareasale.com/image/95519/PNG-20_PARTNE-358_SECCO_Squared_March_02.png" /></a> </center>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comOhio, USA40.4172871 -82.90712300000001312.107053263821157 -118.06337300000001 68.727520936178848 -47.750873000000013tag:blogger.com,1999:blog-1755757098181130403.post-5527480845046289532021-03-02T10:42:00.001-05:002021-03-02T10:42:17.960-05:00How Privately Owned Shale Drillers are a Threat to OPEC<p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHVywFo1hmGBOzzoIc8h9I-A-ZNJLBx8VHmms0MVg65tjhrI2vdps8AcjXja0UjVW4dl8k0o5kVWW6POjR2XobY_PIIS4twDpXe3yOMU5GxTohQ02MF6CD7YjEf2-DDRhPWNQWyNnbpN8/s2048/worksite-ltd-L6zHcLQ9eYY-unsplash+%25281%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1365" data-original-width="2048" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHVywFo1hmGBOzzoIc8h9I-A-ZNJLBx8VHmms0MVg65tjhrI2vdps8AcjXja0UjVW4dl8k0o5kVWW6POjR2XobY_PIIS4twDpXe3yOMU5GxTohQ02MF6CD7YjEf2-DDRhPWNQWyNnbpN8/s320/worksite-ltd-L6zHcLQ9eYY-unsplash+%25281%2529.jpg" width="320" /></a></div><br /><p></p><p><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></p><p><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">As already discussed in </span><a class="editor-rtfLink" href="https://www.thedailydigger.com/2021/02/us-oil-demand-increases-after-months-in.html" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">previous posts</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">, the U.S. shale industry is finally gaining its strength back after months of decline. To much surprise, this resurgence is largely due to privately owned shale drillers and not the other giant corporations. This has worried OPEC as it will affect their overall market shares in the oil business. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">How are these privately owned corporations usurping the U.S. oil market share from OPEC? That is what we will discuss today, but first, let's look at what OPEC is. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">OPEC - Organization of the Petroleum Exporting Countries</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The OPEC was established on 14 September 1960 and has continued to play a significant role in influencing the global oil prices. Currently, 13 countries are members of the OPEC, all of which have substantial oil reserves. Their </span><a class="editor-rtfLink" href="https://www.opec.org/opec_web/en/about_us/23.htm" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">mission statement</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> is: " to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets, to secure an efficient, economical and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry."</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Throughout the years, OPEC has been quite controversial and has been attacked physically (towards key members) and verbally (towards the organization as a whole). Today, we won't get into those details, but perhaps we will discuss it in a different post. So how are the private shale drillers affecting this giant oil corporation?</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Private Shale Drillers </span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">In recent years "small" private shale drillers have substantially increased their rig capacity. For example, </span><a class="editor-rtfLink" href="http://www.doubleeagledevelopment.com/" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">DoublePoint Energy</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> has more rigs running throughout the Permian Shale than Chevron Corporation. Another privately-owned shale drilling company, Mewbourne Oil Corporation, has the same number of rigs as Exxon Mobile Corporation.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">These major corporations have burned through more than $300 billion in capital spending above the cash generated from oil revenues, making investors extremely cautious for future productions.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">As of December 2020, private drillers held half the share of the horizontal rig count. This increase in rig counts in the private sector is mostly due to the pandemic. Large companies had to show restraint and have dialed back in drilling because of the oil price collapse. Private operators' ambitious growth plans present OPEC with a wild card as prices rebound.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Most large publicly traded explorers are listening to investors' pleas and planning to keep production low to avoid huge losses like the one that occurred during the start of the pandemic. In sharp contrast, private companies are pushing to invest more in new rigs. So how does this affect OPEC?</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Private Oil Production</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Even though private companies have kept their plans secret, some </span><a class="editor-rtfLink" href="https://articles.bplans.com/what-is-a-market-forecast/" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">major forecasters</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> (like Enverus and Rystad Energy) have stated that these private corporations have a variance of 700,000 barrels a day. That is more than half of Nigeria's production, which is a member of OPEC. If private drillers keep growing at their current pace, it could ultimately mean that U.S. production ends up on the steeper end of analyst forecasts.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Private drillers are already on their way to spending $3 billion in the first three months of this year, doubling from their lowest levels of 2020. DoublePoint Energy, already expect to increase their production to 100,000 barrels a day, which is a massive increase for the private sector.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">This can become increasingly worrisome for OPEC as private corporations keep expanding over the next six months to a year. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Can The Private Companies Survive?</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The private companies emphasize they won't fall victim to shale's past losses because all the operational challenges have now been worked out in the major basins, making it easier to run large rig programs. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Did you enjoy this article? If so, remember to subscribe and follow our website so you can stay up to date on the latest shale and natural gas news! </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"></p>
<center> <a href="https://shareasale.com/r.cfm?b=1257669&u=2737385&m=25668&urllink=&afftrack=" target="_blank"><img border="0" src="https://static.shareasale.com/image/25668/303193_HardwareGeneral_728x90_101118.jpg" /></a> </center>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comOhio, USA40.4172871 -82.90712300000001312.107053263821157 -118.06337300000001 68.727520936178848 -47.750873000000013tag:blogger.com,1999:blog-1755757098181130403.post-11463624017093879252021-02-24T14:01:00.001-05:002021-02-25T18:03:16.308-05:00Why the Utica Shale is Under-Appreciated<br /><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjg6zi1xL4iLOaD9ot5Npqxmqlk6We_z9z1RNf19WaDok74bSb94ovuBe7HsLa6-oyP2VuIOk3Ze3wi5m_7zJp8G4qHuwnQEclwOQN1HKzM-LqqypDh_-RKcQdXhATd1Mlf5jDmDC8QwPg/s512/download-1-512x427.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="427" data-original-width="512" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjg6zi1xL4iLOaD9ot5Npqxmqlk6We_z9z1RNf19WaDok74bSb94ovuBe7HsLa6-oyP2VuIOk3Ze3wi5m_7zJp8G4qHuwnQEclwOQN1HKzM-LqqypDh_-RKcQdXhATd1Mlf5jDmDC8QwPg/s320/download-1-512x427.jpeg" width="320" /></a></div></div><div><br /></div><div><br /></div><div>In the United States, there are seven main Shales (Bakken, Niobrara, Permian, Eagle Ford, Haynesville, Marcellus, and Utica). The Permian and Eagle Ford Shale, located in Texas, are the highest producing Shales in the United States. Among all of them, the Utica Shale seems to be the one with less popularity despite bringing many investments and job opportunities for Ohio.</div><div><br /></div><div>In today's post, we will discuss why the Utica Shale is under-appreciated and how it has benefited Ohio.</div><div><br /></div><div><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Marcellus Shale</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Perhaps one reason why the Utica Shale is under-appreciated is that it's located right next to the Marcellus Shale. The latest report estimates that the Marcellus Shale yields about 14.4 billion cubic feet of natural gas per day. In 2015, it was the source for over 36% of the shale gas produced in the United States and 18% of the total dry gas production of the United States.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Of course, the Utica Shale is small in comparison to the Marcellus Shale. Despite that, the Utica Shale still holds strong as a resource producer, and in more recent years, it has gained more production value. Let's take a look now at how much the Utica Shale has benefited the fracking production.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Utica Shale</span></h2><div style="text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Ohio has been a significant player in the oil business long before many significant shales were discovered, with the first refineries opening in 1859. Between 1895 and 1903, Ohio was the leading crude oil producer until people found oil in Texas and Oklahoma. In the past decade, Ohio has had another boom in various liquids elements in the rich production from the Utica Shale deposit.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Ohio has witnessed a host of new natural gas processing and fractionating plants built, along with billions in investments by a booming chemicals and plastics area that uses natural gas and NGLs as feedstock. Economists say that the Utica Shale has brought in $86 billion in new capital investments and creating over 200,000 </span><a class="editor-rtfLink" href="https://www.jobsohio.com/wp-content/uploads/2020/12/Energy-Brochure-HighRes-EC1203.pdf" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">new jobs</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> for Ohio citizens.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Of course, like most industries during the COVID-19 pandemic, the Utica Shale was greatly affected. The reduction of global crude demand that began a year ago resulted in a decline in new industry capital investment as companies raced to cut costs anywhere they could. Fortunately, with political leaders pushing the industry as a critical component for future economic growth, the Utica Shale is back on its feet.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Utica Shale Is Still Strong</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Despite the considerable blow it took at the start of the pandemic in 2020, the Utica Shale shows promising resource production. While the </span><a class="editor-rtfLink" href="https://www.thedailydigger.com/2021/02/oil-price-is-surging-to-new-level-than.html" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">global demand</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> starts to recover, more rigs being built, and jobs lost during the pandemic being rescued, the industry is looking at a better year.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"></span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Did you enjoy this article? If so, remember to subscribe and follow our website so you can stay up to date on the latest shale and natural gas news! </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"></p></div><div class="separator" style="clear: both; text-align: center;"><br /></div><br /><br />
<center> <a href="https://shareasale.com/r.cfm?b=1257669&u=2737385&m=25668&urllink=&afftrack=" target="_blank"><img border="0" src="https://static.shareasale.com/image/25668/303193_HardwareGeneral_728x90_101118.jpg" /></a> </center>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-30638031093126007642021-02-19T08:13:00.013-05:002021-02-24T14:01:22.998-05:00What Is Fracking Doing To Your Health?<p> </p><p><span style="color: #0e101a;"><br /></span></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIR5LdU4KA9sh1B1YcaP2Vpe_KM58k_s6Boj00fhEsouxZEiaskei5bsA8NTfQXFLON3FJ8M4vrY0GzzSrZJ1vwp9Fj_FSRQVQvi2H0ra6or7vE6mqe3oIvOnrp_6YkDjdORE6RbyCDko/s2048/pexels-pixabay-327041.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1864" data-original-width="2048" height="364" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIR5LdU4KA9sh1B1YcaP2Vpe_KM58k_s6Boj00fhEsouxZEiaskei5bsA8NTfQXFLON3FJ8M4vrY0GzzSrZJ1vwp9Fj_FSRQVQvi2H0ra6or7vE6mqe3oIvOnrp_6YkDjdORE6RbyCDko/w400-h364/pexels-pixabay-327041.jpg" width="400" /></a></div><br /><p></p><p><span style="color: #0e101a;">Without a doubt, you've come across hundreds of articles both in favor and against fracking. If you've been a long-time reader of The Daily Digger, you've also been able to see many different news articles related to the pros and cons of fracking. While some (both in favor and against) base their reasons on scientific facts, others may take the liberty to add their facts that aren't scientifically proven. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Today we will try to explain if fracking can harm your health. We won't take a side in this matter; instead, state the scientific facts. All the information used in this article is taken from the </span><a class="editor-rtfLink" href="https://www.niehs.nih.gov/" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">NIEHS</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> (National Institute of Environmental Health Sciences). </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The Process of Hydraulic Fracturing</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">We won't get into too much detail, as a lot is involved, but basically, it's a process used to extract natural gas and oil from deep rock deposits known as shale. Water, sand, and a mix of chemicals are forced into horizontally drilled wells, causing the shale to fracture and release natural gas or oil.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">This method of extracting natural gas or oil is known as unconventional natural gas development. If you're interested in the history behind it, be sure to read </span><a class="editor-rtfLink" href="https://www.thedailydigger.com/2021/02/do-you-know-history-of-fracking.html" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">this article</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Does Fracking Pose Health Risks?</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> According to the NIEHS, no. There is still ongoing research on this matter, but as of today, there is no clear evidence that fracking causes health problems. Of course, some potential dangers to the water, air, and local communities arise when fracking, which residents, environmental advocates, and some researchers have brought up. Let's take a look at these three potential areas that may be affected by fracking.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Air Quality & Fracking</strong></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbB_qDXmLq7-MgQoVv93cb29IsEtcZu3cJs6l6gE-xkGbqCD7uNrsYOrCuiYt-waoJv7EgMjj20qyDaGd78Akq9cUf9WsjIlCPacO4OEACBJx-F3Yg-Du9l2X5q6omAa8CV9PdsrNV9i8/s2048/pexels-pixabay-39553.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1046" data-original-width="2048" height="204" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbB_qDXmLq7-MgQoVv93cb29IsEtcZu3cJs6l6gE-xkGbqCD7uNrsYOrCuiYt-waoJv7EgMjj20qyDaGd78Akq9cUf9WsjIlCPacO4OEACBJx-F3Yg-Du9l2X5q6omAa8CV9PdsrNV9i8/w400-h204/pexels-pixabay-39553.jpg" width="400" /></a></div><br /><p></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Any method requiring combustion can release toxic chemicals into the air, which is common in drilling sites. One example of this is the burning off or flaring of excess natural gas. They do this to prevent the risk of explosions from venting large amounts of reactive gases in the air. This process is not limited to fracking as it's used for petrochemicals, landfill gas productions, and wastewater treatments.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Other factors that may affect air quality are the operation of industrial equipment at the well site and diesel trucks to transport supplies to and from a site. Additionally, the chemicals and sand used in the hydraulic fracturing process may become airborne and affect air quality.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">These potential risks are valid, but fracking isn't the sole provider of pollution in our air quality. Factories, cars, and </span><a class="editor-rtfLink" href="https://www.ucdavis.edu/food/news/making-cattle-more-sustainable/" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">even cows</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> contribute heavily to the air quality.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Water Quality & Fracking</strong></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></strong></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> It may be possible for natural gas and hydraulic fracturing-associated chemicals to seep through cracks in the rock into a subterrene drinking water source. Another way fracking can contaminate the water quality is if the well is improperly installed or </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">if chemicals are spilled from trucks or tanks. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The range of water contamination from these sources is currently unknown.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The Community & Fracking</strong></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><strong style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></strong></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">There are both advantages and disadvantages for the community when it comes to fracking. The most significant benefit is an increase in local employment rates. Many companies also invest heavily in the local area, perhaps giving aid to schools, hospitals, and other aspects.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Some negative impacts may include increased noise, light, traffic, and heavier burdens on local infrastructure and resources.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">More Research Remains to Be Done</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Researchers continue to study fracking effects, so there is still a lot left to find out. There are valid risks when it comes to fracking, but for the most part, fracking is as dangerous as other things that cause pollution. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Did you enjoy this article? If so, remember to subscribe and follow our website so you can stay up to date on the latest shale and natural gas news! </span></p> <center> <a href="https://shareasale.com/r.cfm?b=1090356&u=2737385&m=30876&urllink=&afftrack=" target="_blank"><img alt="815x130 banner" border="0" src="https://static.shareasale.com/image/30876/815x130-CBC.jpg" /></a> </center> <p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"></p>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-6857683564948373962021-02-18T05:18:00.004-05:002021-02-24T14:02:52.406-05:00Arctic Air Freezes Permian Shale Fields <p> </p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjs4oYK8LfdOIsHb5xL_-jVO-Vu36A420ccQHRYRYiNm2QtQKydc-BnmErpfyUYSKe2LIjcMchh3nOcO8lm0cEYkjqoHB1we7zDbFbo_nTCOJcgU3wp71f0ww98JxvvuROKuXysclnEeh0/s2048/atle-mo-X9QnU-h3X_8-unsplash.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1150" data-original-width="2048" height="249" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjs4oYK8LfdOIsHb5xL_-jVO-Vu36A420ccQHRYRYiNm2QtQKydc-BnmErpfyUYSKe2LIjcMchh3nOcO8lm0cEYkjqoHB1we7zDbFbo_nTCOJcgU3wp71f0ww98JxvvuROKuXysclnEeh0/w443-h249/atle-mo-X9QnU-h3X_8-unsplash.jpg" width="443" /></a></div><br /><p></p><p><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">For the past few days, many states have been severely affected by an Arctic cold front. Out of all of the states, Texas seems like the one being hit the hardest. Some areas of Texas have </span><a class="editor-rtfLink" href="https://www.bbc.com/news/world-us-canada-56095479" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">gone as low</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> as 0F, something unheard of for the past 30 years.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">U.S. oil production has dropped by more than 2 million barrels a day (the equivalent of about 18% of overall U.S. crude production) as freezing weather brings to halt key producing states that have never had to deal with freezing Arctic blasts. The Permian Basin, the most profitable U.S. oil production region, is the one affected the most by the Arctic weather since its located in west Texas and southeast New Mexico. Production cuts were also significant in the Eagle Ford, located in southern Texas, and the Anadarko basin in Oklahoma.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTq-6r1blw10eL6T5AEY2hf4TKYZ4t23q9lo7kI9d9Q1505SudJDf4fKIgF7oKBF6sBDZ0a5mgncLijweDLDDLW3mxt33dwUkcYWZDhbbiKEI0z7FPt4N-0Wpgii6m3D1_88oYUlqn28o/s500/dpmapv4l-wtitle_sm2.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="333" data-original-width="500" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTq-6r1blw10eL6T5AEY2hf4TKYZ4t23q9lo7kI9d9Q1505SudJDf4fKIgF7oKBF6sBDZ0a5mgncLijweDLDDLW3mxt33dwUkcYWZDhbbiKEI0z7FPt4N-0Wpgii6m3D1_88oYUlqn28o/w400-h266/dpmapv4l-wtitle_sm2.png" width="400" /></a></div><br /><p></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Since the start of the Arctic cold snap, oil prices have fallen slightly because most refineries have closed due to the cold, reducing the amount of crude needed right now. One company benefiting from this is West Texas Intermediate, which was able to </span><a class="editor-rtfLink" href="https://www.thedailydigger.com/2021/02/us-oil-demand-increases-after-months-in.html" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">push the crude</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> benchmark above $60 a barrel because of the Permian oil outage. Fortunately, experts anticipate the overall oil production get back on its feet later this week as temperatures return to normal.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Why Did the Permian Shale Field Freeze?</span></h2><div style="text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The Bakken basin in North Dakota has continued its production despite the Arctic weather, but why did the Permian basin freeze?</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The materials used in the Permian aren’t built to withstand freezing temperatures, as the last time this happened was over 30 years ago. Flow lines, which link individual wells to collecting centers, are laid above the ground rather than under, making them more susceptible to freezing weather. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The low temperatures have already caused equipment breakdowns at multiple natural gas processing plants in the Permian and even some in the Anadarko basin in Oklahoma. Small oil producers in the Permian basin and nearby shale regions pick up crude every few days using trucks, but this cold weather makes it hard for transports to get out, forcing them to close wells. Once the cold weather subsided, the technicians will be able to prepare the equipment for future Arctic temperatures, to avoid another shutdown like the one that occurred recently.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Preparation Is Key for the Next Arctic Storm</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">As the weather continues to change, oil producers will need to prepare their equipment for any sort of extreme weather. This will avoid future problems and ensure that the production is not interrupted. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Did you enjoy this article? If so, remember to subscribe and follow our website so you can stay up to date on the latest shale and natural gas news! </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"></p>
<center> <a href="https://shareasale.com/r.cfm?b=1224653&u=2737385&m=56156&urllink=&afftrack=" target="_blank"><img alt="Coalatree" border="0" src="https://static.shareasale.com/image/56156/468x601.jpg" /></a> </center>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-70464298196416135352021-02-15T06:15:00.005-05:002021-02-24T14:01:40.618-05:00U.S. Oil Demand Increases After months in Decline<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3xgvQvYNrO3ugXyaJQnkChTbkGwX7klofg3tgq4nRXHV8rCbd8jOZFar5oLJZwNpfek_sbrEHBFx1xav6THLTGgoGycGq_NB0RFos8yJp6-MzOXD7BdsgikXQQX89savmCmq65_q8zHs/s2048/worksite-ltd-kw9LLON5lO8-unsplash.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1365" data-original-width="2048" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3xgvQvYNrO3ugXyaJQnkChTbkGwX7klofg3tgq4nRXHV8rCbd8jOZFar5oLJZwNpfek_sbrEHBFx1xav6THLTGgoGycGq_NB0RFos8yJp6-MzOXD7BdsgikXQQX89savmCmq65_q8zHs/s320/worksite-ltd-kw9LLON5lO8-unsplash.jpg" width="320" /></a></div><br /> <span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">The U.S. oil market seems to be getting back on its feet. With oil price getting back to its </span><a class="editor-rtfLink" href="https://www.thedailydigger.com/2021/02/oil-price-is-surging-to-new-level-than.html" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">former price</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">, the oil demand is steadily increasing as well. For months now, the Asian market has been a helping hand in keeping the global oil market alive, especially for the U.S. market.</span><p></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">With the stabilization of global oil demand and production, domestic refiners are processing the most crude oil since the economy's massive halt in March. The increase in demand is due to the vaccine-driven boost, which is planned for this summer. Without a doubt, this will help the U.S. oil market recover from the hit it took during the pandemic.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">West Texas Intermediate crude is one of the domestic refiners that has seen a significant increase in demand. The price has picked up at least 50 cents a barrel compared to a few weeks ago, today being close to </span><a class="editor-rtfLink" href="https://markets.businessinsider.com/commodities/oil-price?type=wti" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">$60 a barrel</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">. In comparison, Brent crude in London has gone up to $63 a barrel. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">With the current extreme cold weather affecting Texas, propane and oil, fuels used in mobile heating devices, the demand is expected to increase further. Of course, the harsh weather conditions may affect Texas's oil production, primarily Midland, Texas, a critical U.S. shale production area. Well shutdowns, disrupted road transport, and power outages can impact the current output. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">After dozens of drillers reduced their budgets and filed for bankruptcy back in 2020, which took two million barrels a day off the U.S. oil market, this demand increase will significantly boost the economy. The U.S. government sees production recovering to 11.5 million barrels a day in 2022, not as much as before the pandemic (13.1 million barrels a day) but still a significant increase in oil demand. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Did you enjoy this article? If so, remember to subscribe and follow our website so you can stay up to date on the latest shale and natural gas news! </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"></p>
<center> <a href="https://shareasale.com/r.cfm?b=1526219&u=2737385&m=30876&urllink=&afftrack=" target="_blank"><img alt="FREE SHIPPING ALWAYS + Up To 3 Bonus Gifts Now At Craft Beer Club - Shop Now!" border="0" src="https://static.shareasale.com/image/30876/418053_1587057631.png" /></a> </center>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-9745333279480045122021-02-11T10:14:00.006-05:002021-02-24T14:01:47.784-05:00Chesapeake Energy Emerges After Officially Clearing Bankruptcy<p style="text-align: left;"> <span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;">Chesapeake Energy Corp was once the </span><a class="editor-rtfLink" href="https://www.fool.com/investing/2020/06/17/chesapeake-energy-was-once-the-second-biggest-natu.aspx" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">second-largest natural gas company</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"> in the United States. These days, however, it is a shadow of its former self. On Tuesday, the company exited Chapter 11 protection and is making some significant changes. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">This article will consider some modifications to <a href="https://www.thedailydigger.com/2014/03/chesapeake-energys-5-billion-shuffle.html">Chesapeake's business model</a> and give you an idea of what to expect from the company in the coming months. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCZ5Ujmr0gR2GGC_-vtGaGMV58gsB22m9vjyroUMwjVnrMqKmyp7LB9TYkLqwZg6aWZ51-r9nrheg-Y-nTn9_goUNbn386nKJUS9hhleG0MBMlKguGKh_pBhR9TIPkXuccG5iG0tqcyCZv/s2048/melinda-gimpel-9j8k3l9afkc-unsplash.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1365" data-original-width="2048" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCZ5Ujmr0gR2GGC_-vtGaGMV58gsB22m9vjyroUMwjVnrMqKmyp7LB9TYkLqwZg6aWZ51-r9nrheg-Y-nTn9_goUNbn386nKJUS9hhleG0MBMlKguGKh_pBhR9TIPkXuccG5iG0tqcyCZv/s320/melinda-gimpel-9j8k3l9afkc-unsplash.jpg" width="320" /></a></div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span><p></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Reduced Workforce</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">As part of the restructuring plan, the company is reducing its staffing levels to adapt to the challenging market. Recently, Chesapeake announced their plans to cut its workforce by 15 percent. And just last week, they made another round of layoffs in Oklahoma City, where about 220 people were affected.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Free Cash Flow</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Chesapeake is pledging to produce free cash flow, which is increasingly common in shale. This financial decision is not free from criticism from shareholders, who argue that this prioritizes production growth over investment returns. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Robert Lawler, who oversees the company, maintains that this plan will allow the company to return more cash to shareholders. It will also create the need for greater discipline regarding the management of the company's assets, holding them more accountable. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Increase Sustainability </span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">The company has announced that they will <a href="https://www.ft.com/content/85d99318-ff2f-4ed7-9b6e-951dacd7b584">eliminate flaring by 2025</a>. Flaring is the intentional burning off of excess gas at remote well sites. Furthermore, by 2035, Chesapeake plans to achieve net-zero greenhouse-gas emissions.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; font-weight: normal; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">What's Next for Chesapeake?</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">With $1.3 billion of new financing, Chesapeake plans on focusing on gas drilling in the Haynesville region of Louisiana and Pennsylvania's Marcellus Shale. Harvesting these assets for free cash flow, the company will become a natural gas growth company. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Did you enjoy this article? If so, remember to subscribe and follow our website so you can stay up to date on the latest shale and natural gas news! </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p>
<center> <a href="https://shareasale.com/r.cfm?b=345333&u=2737385&m=25668&urllink=&afftrack=" target="_blank"><img border="0" src="https://static.shareasale.com/image/25668/728x90copy.jpg" /></a></center>Lauren Mageehttp://www.blogger.com/profile/07058227401866418263noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-31283638920783415482021-02-11T10:10:00.005-05:002021-02-24T14:01:57.660-05:00Oil Price Is Surging To a New Level <p><br /></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUpuzEhoZnuoNBZh9_SmU4E7OVdR5nhJRHd1a5BbMF2r2Z1zuVnBAmRy6C2m5MTvv3kCQj7yohPyT35uQ59eE_BbRgu5OL-PIGc1aWYpcGsar5ZVRzw1GaGndmRoOUm21wJAgZQxOFO1g/s2048/john-cameron-tm9Rt6BTMys-unsplash.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2048" data-original-width="2048" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUpuzEhoZnuoNBZh9_SmU4E7OVdR5nhJRHd1a5BbMF2r2Z1zuVnBAmRy6C2m5MTvv3kCQj7yohPyT35uQ59eE_BbRgu5OL-PIGc1aWYpcGsar5ZVRzw1GaGndmRoOUm21wJAgZQxOFO1g/s320/john-cameron-tm9Rt6BTMys-unsplash.jpg" /></a></div><br /><p></p><p><span style="color: #0e101a;">Since the outbreak of the COVID-19, the financial market has taken a lot of unprecedented hits. One of the worst ones was the hit of the </span><span style="color: #0e101a;">U.S. oil trading, which collapsed. Companies like West Texas crude fell to minus $37.63 a barrel. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Fortunately, oil has risen steadily since late last year as COVID-19 vaccines began to be produced. Something that has also helped is the supply curbs from OPEC and its allies' which spur hopes that global stockpiles will continue to accelerate. These things are great news for the economy as it has pushed oil prices back to a stable spot.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">West Texas Intermediate futures increased 2.4%, while the global Brent benchmark came back within <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti" target="_blank">sight of $60</a>. Oil rose toward $55 a barrel in New York, reaching its highest level in a year as the virus-recovery rally advanced. The physical market has also shown strength these past weeks.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Royal Dutch Shell Plc plundered the North Sea market, buying the most benchmark-grade loads in a day in 10 years in the S&P Global Platts pricing window. The oil giant also requested a further seven shipments, quite the increase! Despite this, there is still scepticism over this new high.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Since a full-fledged trade recovery yet to take form, </span><a class="editor-rtfLink" href="https://www.investopedia.com/ask/answers/difference-between-options-and-futures/" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #4a6ee0; margin-bottom: 0pt; margin-top: 0pt;" target="_blank"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">futures contracts</span></a><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"> may have surged too far too fast, especially with critical indicators showing crude is in overbought territory. The world's largest independent oil merchant, Vitol SA, and rival Gunvor Group Ltd. expressed discretion over the recent rally.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Mike Muller, the head of Vitol's Asian operations, said the market is getting ahead of itself in terms of a post-vaccine euphoria. Gunvor Chief Executive Officer Torbjorn Tornqvist said that gains beyond $60 a barrel are unlikely because that would prompt energy companies to ramp up production. </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h2 style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Will Oil Price Continue to Climb?</span></h2><div><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;"><br /></span></div><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">With new COVID-19 varients surfacing, which inevitably lead to more lockdowns, and vaccine rollouts are more delayed than expected, <a href="https://www.thedailydigger.com/2021/02/biden-administration-and-future-of.html" target="_blank">oil still faces bumpy</a> short-term demand. Still, with cold weather sweeping across the U.S. and much of Wall Street's forecasting inventory draws in the coming months, prices continue to surge higher.</span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Did you enjoy this article? If so, remember to subscribe and follow our website so you can stay up to date on the latest shale and natural gas news! </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"></p>
<center> <a href="https://shareasale.com/r.cfm?b=1224656&u=2737385&m=56156&urllink=&afftrack=" target="_blank"><img alt="Coalatree" border="0" src="https://static.shareasale.com/image/56156/250X250.jpg" /></a> </center>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.com13505 Hartford Rd, Sunbury, OH 43074, USA40.2471249 -82.82174333.003307658473069 -91.610806170552252 47.490942141526936 -74.032679829447744tag:blogger.com,1999:blog-1755757098181130403.post-79122297748363289922021-02-02T07:22:00.006-05:002021-02-25T18:02:33.945-05:00Biden Administration and the Future of Fracking<p> <span> </span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIPTFWQc63AYqNWucCeAnqR8wkVCUb7e5Wis51Q7UnQYwKq90GTX2z56FIFOy4HL3M0T50OTUuEJhJnrlGuhI13aKRYu2M8FBRktED5VitW97r-V7IM_Pj7Oqd7s58s34sftYpircG_FU/s2048/pexels-pixabay-162568.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1582" data-original-width="2048" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIPTFWQc63AYqNWucCeAnqR8wkVCUb7e5Wis51Q7UnQYwKq90GTX2z56FIFOy4HL3M0T50OTUuEJhJnrlGuhI13aKRYu2M8FBRktED5VitW97r-V7IM_Pj7Oqd7s58s34sftYpircG_FU/w324-h250/pexels-pixabay-162568.jpg" width="324" /></a></div><br /><p><span> </span>The Biden administration has kept its promise in fighting climate change by <a href="https://www.reuters.com/article/usa-drilling-interior-idUSL1N2JW2AO" target="_blank">temporarily halting</a> ( for 60-days) oil and gas licenses on federal lands and waters. It seems it's the first step in banning new drilling on federal acreage. Federal drilling makes up <a href="https://crsreports.congress.gov/product/pdf/R/R42432" target="_blank">25% of America's crude oil production</a>, which means it's a significant contributor to energy supply while also contributing heavily to America's greenhouse gas emissions.</p><p><span> </span>As you can imagine, this has made many environmentalists quite happy as it's the start of a fossil fuel-less America. On the other side, the oil and gas industry has expressed its concern as this directly affects the American economy. New Mexico Oil & Gas has stated that this will affect thousands of blue-collar workers and the loss of millions in support for public schools, first responders, and healthcare services. </p><p><span> </span>One area of the oil and gas industry that can be affected by these upcoming laws is fracking, which has become an efficient way of increasing oil and gas production. Will the Biden administration be the end of fracking? Let's discuss this matter a bit more thoroughly. </p><p><br /></p><h3 style="text-align: center;">Fracking and the Biden Administration</h3><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgm9AQ1VK1unjswnf13wyDTkwepmdlYFt9HeSnfwVJBTGV3cg6Zj-nxsIjkkNbAgPCUUKnML2WH8gGx6c6pXpUE0Tn7Z1YVigLx6jXB0BIcbWDLmVx_cp-dwpouTggXJqdsjzqoh94pabU/s1920/hydraulic-fracturing-863206_1920.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1920" data-original-width="1281" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgm9AQ1VK1unjswnf13wyDTkwepmdlYFt9HeSnfwVJBTGV3cg6Zj-nxsIjkkNbAgPCUUKnML2WH8gGx6c6pXpUE0Tn7Z1YVigLx6jXB0BIcbWDLmVx_cp-dwpouTggXJqdsjzqoh94pabU/s320/hydraulic-fracturing-863206_1920.jpg" /></a></div><br /><div><br /></div><p><span> </span>Since the start of President Joe Biden's campaign, he made it clear to people that he would completely ban new fracking sites. Of course, this stance was short-lived, as in an <a href="http://transcripts.cnn.com/TRANSCRIPTS/2009/17/se.01.html" target="_blank">interview he did</a> on January 17, 2021, he stated he would not ban it. He did admit that fracking does contribute to climate, but it also contributes a lot to the American economy.</p><p><br /></p><p><span> </span>President Biden said that they (Biden Administration) couldn't simply cut off thousands of jobs by banning fracking from the get-go. It will need to be a transition that doesn't harshly affect the American workers and the American economy. He did mention that by the year 2035, they want to ban further drilling on U.S. soil. Of course, there are still many years left until then.</p><p><br /></p><p style="text-align: center;"><b><span style="font-size: medium;">So what will happen? </span></b></p><h3 style="text-align: center;">The Bottomline</h3><p>Despite the Biden administration's valid reasons to stop fossil-fuel production, they have no real power to do it, but the U.S. Congress does. Obviously, Congress will not want to pass legislation that will severely affect the economy, at least not until a plan is made to make up for the money lost by banning oil and gas drilling. </p><p><br /></p><p>The only sensible way of getting rid of fracking is by reducing the national demand for oil and gas. Banning oil and gas production without reducing those needs will only increase U.S. energy dependence. Thankfully, President Joe Biden understands the whole picture and, without a doubt, remembers how much fracking contributed to the economy back when he was vice-president.</p><p><br /></p><h3 style="text-align: center;">Fracking Is Here To Stay...For Now</h3><p>Despite the rapid-fire decision to ban oil and gas drilling temporarily, the Biden administration knows that it cannot permanently ban this as it would harm the U.S. economy. While the ultimate plan is to remove all forms of oil and gas extraction in U.S. soil, it won't happen for a very long time. So the fracking industry can continue to thrive for many more years. </p><p><br /></p><p>That ends today's Fracking News, feel to look at our other fracking-related posts as well. If you want to stay tuned to news about fracking, be sure to subscribe! </p> <center> <a target="_blank" href="https://shareasale.com/r.cfm?b=1615280&u=2737385&m=95519&urllink=&afftrack="><img src="https://static.shareasale.com/image/95519/20_PARTNE-426_ShareASale_August_Banner_4.png" border="0" /></a> </center>Daniel Dilenahttp://www.blogger.com/profile/14284008334060664658noreply@blogger.comOhio, USA40.4172871 -82.90712300000001312.107053263821157 -118.06337300000001 68.727520936178848 -47.750873000000013tag:blogger.com,1999:blog-1755757098181130403.post-68551535287748429052021-02-01T14:43:00.006-05:002021-02-25T18:00:15.793-05:00Do You Know The History of Fracking?<p> <span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">In 2018, </span><a href="https://seedscientific.com/fracking-statistics/" style="text-decoration-line: none;"><span style="color: #4a6ee0; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">59% of total oil production</span></a><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> in the U.S came from hydraulic fracking, which means it accounted for more than two-thirds of domestically manufactured gas. By 2024, fracking will reach an astounding $68 billion market value! Of course, fracking is not a new drilling method as you can trace it back hundreds of years.</span></p><span id="docs-internal-guid-1d607266-7fff-bf20-f5e4-0f8e88716b41"><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">That's why we want to consider the history of hydraulic fracturing (fracking). We will be stating historical facts about it and focusing on the major historical occurrences that have influenced modern-day fracking.</span></p><br /><h2 dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span style="color: #0e101a; font-family: Arial; font-size: 17pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Pre-Fracking Days</span></h2><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The idea of fracking started back in 1862 when Edward A.L. Roberts (Civil War veteran) witnessed Confederate soldiers exploding artillery rounds into a canal that obstructed a battlefield. At the time, Edward A.L. Roberts called it superincumbent fluid tamping.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">On April 26th, 1865, Edward A.L. Roberts began experimenting with exploding torpedoes, which consisted of lowering a torpedo containing an amount of powder from fifteen to twenty pounds into a well. Once it was in the right spot, he exploded it through a cap on the torpedo, joined with the top of the shell by a wire.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">He then filled the borehole with water (fluid tamping) to concentrate the impact and more efficiently fracture surrounding oil layers. It proved highly successful, and production from some wells increased 1,200% within a week. He then proceeded to patent the exploding torpedo in 1866 (</span><a href="https://patents.google.com/patent/US59936A/en" style="text-decoration-line: none;"><span style="color: #4a6ee0; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">The patent number is 59,936</span></a><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">).</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">As you can imagine, using exploding torpedoes was dangerous, and only using water was not as effective as the fractures created would close up eventually. In 1939, Ira McCullough patented a multiple bullet-shot casing perforator, in which projectiles are shot through the casing and into the formation. While this wasn't the next big step in "fracking," it did lead to creating a more protective casing that greatly enhanced the flow of oil and protected the wellbore.</span></p><div><span><br /></span></div><div><span><br /></span></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfrmAxNOSqHh0fnQHdHYej39MEmYaa-dlbtaeV3-xf9izk3P50c80n38Pp0Uizv0hybQ3jaaAqHDv0VtPXRF5vrfKqC1zkQc3ioH8YLU5dhKL7Ph383UCNJgn58OIBMkaUmOK6ak1Hl_hR/s271/History+of+Fracking+1.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="186" data-original-width="271" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfrmAxNOSqHh0fnQHdHYej39MEmYaa-dlbtaeV3-xf9izk3P50c80n38Pp0Uizv0hybQ3jaaAqHDv0VtPXRF5vrfKqC1zkQc3ioH8YLU5dhKL7Ph383UCNJgn58OIBMkaUmOK6ak1Hl_hR/s0/History+of+Fracking+1.jpg" /></a></div><div class="separator" style="clear: both; text-align: center;"><em style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: start;">Image via the American Oil & Gas Historical Society</em></div><br /><span><br /></span></div><br /><h2 dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span style="color: #0e101a; font-family: Arial; font-size: 17pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Birth of Hydraulic Fracturing</span></h2><div><span style="color: #0e101a; font-family: Arial; font-size: 17pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">It wasn't until 1947 when Floyd Farris of Stanolind Oil and Gas studied the relationship between oil and gas production. His studies led him to understand better the amount of pressurized treatment needed to stop the fractures from closing. He then experimented with hydraulic fracturing, which consisted of 1,000 gallons of gelled gasoline and sand being injected into a gas-producing limestone formation.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Even though the experiment failed to increase production, it did start more investigation on the matter, and in 1949 Halliburton Oil Well Cementing Company acquired a patent for hydraulic fracturing. They carried out two successful commercial hydraulic fracturing treatments later that same year. Following Halliburton's success, fracking became commercially popular with operators such as Pan American Petroleum (Stanolind Oil and Gas's successor.)</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Over the years, water and gelling agents replaced napalm and other petroleum products in the injection process. The mid-60s saw the first hydraulic fracturing of </span><a href="https://www.sciencedirect.com/topics/engineering/shale-formation" style="text-decoration-line: none;"><span style="color: #4a6ee0; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">shale formations</span></a><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> (shale is a geological rock formation rich in clay, typically derived from fine sediments, deposited at the bottom of seas or lakes, having then been buried throughout millions of years). Operators first successfully fracked the Ohio & Cleveland Shale and, from then, consistently improved production from lower-yielding wells.</span></p><br /><h2 dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span style="color: #0e101a; font-family: Arial; font-size: 17pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Horizontal Drilling and Hydraulic Fracturing</span></h2><div style="text-align: center;"><span style="color: #0e101a; font-family: Arial; font-size: 17pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">During the late 1970s, hydraulic fracture became increasingly challenging to exploit. That is until </span><a href="https://www.naturalgasintel.com/george-p-mitchell-founding-father-of-the-shale-revolution/" style="text-decoration-line: none;"><span style="color: #4a6ee0; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">George P. Mitchell</span></a><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">, whose company took the pioneering step into the hydraulic fracturing of shales on a scale that had previously not been attempted. </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">His company began to perform horizontal drilling while using hydraulic fracturing. By utilizing horizontal drilling, operators could further exploit resources, thus increasing production.</span></p><br /><h2 dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span style="color: #0e101a; font-family: Arial; font-size: 17pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Hydraulic Fracturing and The Digital Age</span></h2><div><span style="color: #0e101a; font-family: Arial; font-size: 17pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">In the early 1990s, researchers greatly improved microseismic monitoring, a technology first introduced in the 80s, which allowed for more practical application of hydraulic fracturing to a well. Finally, in 2000, the Barnett Shale was successfully mapped using microseismic imaging, which started the hydraulic fracturing we know today.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">In 2003 hydraulic fracturing took an unprecedented turn since it saw the beginning of the independent operator's golden age. Privately backed firms began buying up substantial amounts of acreage across the continental United States. Since then, fracking produces 9-10m barrels per day and is expected to increase further.</span></p><br /><h2 dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: center;"><span style="color: #0e101a; font-family: Arial; font-size: 17pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">More Is To Come with Hydraulic Fracturing</span></h2><div><span style="color: #0e101a; font-family: Arial; font-size: 17pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Hopefully, you have a better understanding of the history of fracking. Of course, many smaller details led to modern fracking, but we highlighted the main ones in this article. In the next article, we will discuss what fracking is, as it's something many people don't fully understand.</span></p><br /><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><span data-preserver-spaces="true" style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; margin-bottom: 0pt; margin-top: 0pt;">Did you enjoy this article? If so, remember to subscribe and follow our website so you can stay up to date on the latest shale and natural gas news! </span></p><p style="background-attachment: initial; background-clip: initial; background-image: initial; background-origin: initial; background-position: initial; background-repeat: initial; background-size: initial; color: #0e101a; margin-bottom: 0pt; margin-top: 0pt;"><br /></p></span> <center> <a target="_blank" href="https://shareasale.com/r.cfm?b=1536053&u=2737385&m=95519&urllink=&afftrack="><img src="https://static.shareasale.com/image/95519/20_PARTNE-369_SECCO_Squared_April_Ban_02.png" border="0" /></a> </center>Lauren Mageehttp://www.blogger.com/profile/07058227401866418263noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-55746453126956689292020-08-14T13:38:00.006-04:002021-02-24T14:03:05.997-05:00Ohio's Natural Gas & Oil Producers Launch Statewide Public Awareness Campaign<iframe height="800" src="https://drive.google.com/file/d/11X7_mxgbfJIq4Y76HmAXkm2kkz5kC8bQ/preview" width="640"></iframe>
<center> <a target="_blank" href="https://shareasale.com/r.cfm?b=1257669&u=2737385&m=25668&urllink=&afftrack="><img src="https://static.shareasale.com/image/25668/303193_HardwareGeneral_728x90_101118.jpg" border="0" /></a> </center>
Rob Mageehttp://www.blogger.com/profile/00789778715303614261noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-78517026393503609492020-06-10T09:08:00.004-04:002021-02-24T14:06:04.416-05:00Encino Energy Partners with the Family Recovery Center<i><span style="font-size: large;">Donation to Support Resilience Bag Project for Local Children</span></i><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWkLlLxSits1vtDxzUrgoWWEdzrBf7a2WlScnAd6UucR98uIHx4ZCs6GvVk8gsBbdETvpMB6waGcKJlUy2ZCM-FCgwKkUYVPVSrsDCm2GunzKcEl97LWlSkQhueAnDc_53t0rfRvSM7h0/s1600/Family+Recover+Center+2020+Jackie+Stewart%252C+Director+of+External+Affairs%252C+Encino+Energy+Ashley+Wilson%252C+the+Family+Recovery+Center.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWkLlLxSits1vtDxzUrgoWWEdzrBf7a2WlScnAd6UucR98uIHx4ZCs6GvVk8gsBbdETvpMB6waGcKJlUy2ZCM-FCgwKkUYVPVSrsDCm2GunzKcEl97LWlSkQhueAnDc_53t0rfRvSM7h0/s200/Family+Recover+Center+2020+Jackie+Stewart%252C+Director+of+External+Affairs%252C+Encino+Energy+Ashley+Wilson%252C+the+Family+Recovery+Center.jpg" width="200" /></a>Louisville, OH – Encino Energy’s Community Partnership Program provided a $4,000 donation and first aid kits to the Family Recovery Center to support their ongoing outreach to vulnerable children throughout the COVID-19 pandemic by distributing resilience bags. In addition to the first aid kits, the bags included journals, coloring books, bubbles, toys, educational materials donated from the Ohio Oil and Gas Energy Education Program (OOGEEP) and, most importantly, ways to support a child’s mental health as well as crisis information.<br />
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The Family Recovery Center has donated thousands of resilience bags throughout the pandemic, and the recent partnership with Encino will allow that effort to continue. Bags were distributed to local schools and children services, supporting at-risk children and families in Jefferson County.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPe7EGBrXDwzT9VHGZcWaMJmdtkQ8UZQ6r33Zi2feKJnUPT-3ODI6Ux8lT4SYyb9SK0GcAq_jWQimXr21Unbi8go6AkuQBp9ii1F5WugpXmfyncaDDJ7xvRbeSF-r2Dfuuc0h3tRLfBPo/s1600/Family+Recovery+Center+Bags.jpg" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPe7EGBrXDwzT9VHGZcWaMJmdtkQ8UZQ6r33Zi2feKJnUPT-3ODI6Ux8lT4SYyb9SK0GcAq_jWQimXr21Unbi8go6AkuQBp9ii1F5WugpXmfyncaDDJ7xvRbeSF-r2Dfuuc0h3tRLfBPo/s200/Family+Recovery+Center+Bags.jpg" width="200" /></a>"Family Recovery Center was ecstatic to receive a donation from the Encino Energy Community Partnership Program to enable our Prevention Department to reach the maximum number of families throughout our area. These Resilience Bags contain such valuable information for families,” said Ashely Wilson from the Family Recovery Center. “The content of the bags includes an activity for the entire family to enjoy together, coloring pages, crayons, and resources for the parents that stress the child/parent relationship qualities that are important in youth development. We truly feel we cannot take for granted that all families have these resources to maintain healthy relationships with their children during these stressful times. With Encino's collaboration, we will be able to continue the distribution of the Resilience Bags."<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEV-wLJRxCeFtfblxe_1iaosi02FKeTjJyphySpRpLSOazEThUw2zbKC2Byd52Pw7mFumSLY1K0Y58flINw_VnDPNWm6mwvEZOxPybFzjoccamv9jvtlTmRie04l44ZVlMeW2X2M7zZpo/s1600/Family+Recovery+Center+2020_Bubbles.jpg" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="150" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiEV-wLJRxCeFtfblxe_1iaosi02FKeTjJyphySpRpLSOazEThUw2zbKC2Byd52Pw7mFumSLY1K0Y58flINw_VnDPNWm6mwvEZOxPybFzjoccamv9jvtlTmRie04l44ZVlMeW2X2M7zZpo/s200/Family+Recovery+Center+2020_Bubbles.jpg" width="200" /></a>Throughout the pandemic, Encino has continued to support communities throughout eastern and southeastern Ohio, with a focus on the message to “Be Safe. Be Hopeful. Be Kind.” Encino’s Director of External Affairs, Jackie Stewart, advised that the Company also recently launched a campaign with the Jefferson County Chamber to highlight local, essential small businesses and provide information on local restaurants providing takeout as well as several public service announcements – all focused on positive messages of hope.<br />
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“Encino was thrilled to partner with the Family Recovery Center to help vulnerable children and celebrate Mental Health Awareness Month,” said Jackie Stewart. “We’ve been very blessed to continue working during this pandemic and we thank Governor DeWine for understanding that energy is essential to human life. The protection of our environment and the health and safety of the communities in which we live and work is paramount to Encino’s core values and really is the heart of our Community Partnership Program. As we continue to navigate these waters as a state, country and world, we want to simply encourage everyone to continue to Be Safe. Be Hopeful. Be Kind. We will get through this together!”
<center> <a target="_blank" href="https://shareasale.com/r.cfm?b=1224662&u=2737385&m=56156&/mp;urllink=&afftrack="><img src="https://static.shareasale.com/image/56156/234x60.jpg" border="0" alt="Coalatree" /></a> </center>Rob Mageehttp://www.blogger.com/profile/00789778715303614261noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-64348725004183183062020-05-12T14:37:00.006-04:002021-02-24T14:04:32.810-05:00The "Great Shale Shut-In" is HappeningFrom Bloomberg:<br />
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American shale explorers are rapidly crimping production in the country’s most prolific oil fields as the worst price crash in history threatens the industry’s survival. </blockquote>
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Three of the biggest oil explorers in the U.S. -- Exxon Mobil Corp., Chevron Corp., and ConocoPhillips -- plan to curb as much as 660,000 barrels a day of combined American output by the end of June. Across the county, crude production by all companies has already tumbled about 1 million barrels a day since mid-March, when OPEC and its allies clinched an historic deal to trim global supply. </blockquote>
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It’s too soon to tell how long the reductions will last but if implemented for a full year, they would overshadow any previous American production slide going back to at least 1984. Moreover, the pull-back puts the U.S. on track to fulfill the Trump administration’s pledge to removing 2 million barrels of daily supplies through market attrition. </blockquote>
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With the new reductions announced just two weeks after crude prices turned negative for the first time on record, resuscitating the market will come at a steep cost for an industry facing bankruptcies, job cuts and consolidation. For some explorers, austerity means slowing growth plans, while for others it means outright subtractions of oil volumes. </blockquote>
<blockquote class="tr_bq">
Almost 40% of oil and natural gas producers face insolvency within the year if crude prices remain near $30 a barrel, according to a survey by the Federal Reserve Bank of Kansas City. Production shut-ins aren’t just a U.S. phenomenon: wells are being turned off from Scandinavia to Brazil as crude producers wilt under the crash.</blockquote>
<a href="https://finance.yahoo.com/news/great-shale-shut-begun-making-221854464.html" target="_blank">Read on by clicking here. </a>
<center> <a target="_blank" href="https://shareasale.com/r.cfm?b=1485547&u=2737385&m=93255&urllink=&afftrack="><img src="https://static.shareasale.com/image/93255/10420010425.jpg" border="0" alt="3D LED Multilayer World Wall Map Unique Gift Ideas" /></a> </center>Rob Mageehttp://www.blogger.com/profile/00789778715303614261noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-34628863229307849862020-05-12T14:36:00.002-04:002021-02-04T12:29:49.255-05:00ODNR Releases Updated Well Activity Maps for May 2020<a href="http://oilandgas.ohiodnr.gov/Portals/oilgas/pdf/activity_maps/HorizontalWells_MonthlyUticaPagesize_05022020.pdf" target="_blank"><img border="0" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLB29_TU7Y3uomPpd809eLgrCnqxk9JSr438gHilfwSHFbQlHX1GD4Xgb_OcXzk1oc-sWJXO17VDrhF-xTqYdre0o2Fv_z_Hbr3Bey7ic7hys5lJ7SpYM8EwY5SDfujHFoAp79T09MEDc/s640/May20Utica.png" width="640" /></a><br />
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<a href="http://oilandgas.ohiodnr.gov/Portals/oilgas/pdf/activity_maps/HorizontalWells_MonthlyMarcellusPagesize_05022020.pdf" target="_blank"><img border="0" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinodt979MRobMrtAzkRI07RKDZ6NE1LLcM1RbZ-jSuBWKjFVBIvspFKDqxb17fLj_ZPxDIqDOkN_3mPRjNkdZCzc7AvP1c1rRV91nFzyd54r_W3oV371t-823q3kCZWGPSVMVhzVMxksE/s640/May20Marcellus.png" width="640" /></a>Rob Mageehttp://www.blogger.com/profile/00789778715303614261noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-45333393631486846682020-05-12T14:34:00.002-04:002021-02-04T12:57:01.393-05:00Utica Rig Count Hangs in Single Digits<div style="background-color: white; font-family: Roboto; text-align: center;">
<b>WEEK ENDING 05/02/20</b></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvMxB6IxpJlzTQUJabVTh_s79j9TAwk5qqKzalQOQ8nlQAuCF3IRa3PEvQM7UNnPd5Df8bdhhgbC3pv7NekKqtBBqGO3zfDM9oJxh3-W0xtnAJeE1fpb8PRMTz4qaCwKVZB7hBhTgf7pg/s1600/050320Permits.png" imageanchor="1"><img border="0" height="191" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvMxB6IxpJlzTQUJabVTh_s79j9TAwk5qqKzalQOQ8nlQAuCF3IRa3PEvQM7UNnPd5Df8bdhhgbC3pv7NekKqtBBqGO3zfDM9oJxh3-W0xtnAJeE1fpb8PRMTz4qaCwKVZB7hBhTgf7pg/s640/050320Permits.png" width="640" /></a><br />
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<a href="http://oilandgas.ohiodnr.gov/portals/oilgas/shale-activity/weekly/Utica_Weekly_050220.pdf" style="background-color: white; color: #ff3b1b; font-family: inherit;" target="_blank">New permits issued last week:</a><span style="background-color: white; color: #787878; font-family: inherit;"> </span><b style="background-color: white; font-family: inherit;">7</b><span style="background-color: white; font-family: inherit;"> (Previous updated week (02/29/20): </span><i style="background-color: white; font-family: inherit;">3</i><span style="background-color: white; font-family: inherit;">) </span><b style="background-color: white; font-family: inherit;"><i><u><span style="color: blue;">+4</span></u></i></b><br />
<span style="background-color: white;"><span style="font-family: inherit;">Total horizontal permits issued: <b>3254 </b>(Previous week: <i>3200</i>) <span style="color: purple;"> </span><i><b><u><span style="color: blue;">+54</span></u></b></i><br />Total horizontal wells drilled: <b>2748 </b>(Previous week: <i>2724</i>) <i><b><u><span style="color: blue;">+24</span></u></b></i><br />Total horizontal wells producing: <b>2483 </b>(Previous week: <i>2451</i>) <u><i><b><span style="color: blue;">+32</span></b></i></u><br />Utica rig count: <b>9</b> (Previous week: <i>10</i>) <b><i><u><span style="color: red;">-1</span></u></i></b></span></span>Rob Mageehttp://www.blogger.com/profile/00789778715303614261noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-82134281732931278792020-05-12T14:22:00.004-04:002021-02-04T12:56:49.568-05:00Encino Energy Supports 630 Frontline Workers<iframe height="800" src="https://drive.google.com/file/d/12UFKLHnLAtV6951zrA5mJKwX4ZJp9lvG/preview" width="600"></iframe><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWHuf6e6uM7PxzWEqMQ5Pr4vdaIScoQhwy1JROb0-MWc7UL_TqXGNxp23K0T-xerTdilSeGHnfXH12T_byDwYZP_i5sCBNfAtb4LsrZDbC4AvHtG1X2lpuNFPH6JekJW3_MXsf7DZ_bdA/s1600/Baskets+of+Hope.jpg" imageanchor="1"><img border="0" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjWHuf6e6uM7PxzWEqMQ5Pr4vdaIScoQhwy1JROb0-MWc7UL_TqXGNxp23K0T-xerTdilSeGHnfXH12T_byDwYZP_i5sCBNfAtb4LsrZDbC4AvHtG1X2lpuNFPH6JekJW3_MXsf7DZ_bdA/s400/Baskets+of+Hope.jpg" width="400" /></a><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbtuJP7rhYBETAHdZadumlNOHMHzOGuG9OF-rtZoXGDyMAWLycdQcs60D6RHc2966FiCYyQizBQ7kjDp4sLqLxASQPQrEjAzx2ONdBuJjb7bc6lX8FhDfSdeld697-__aNpnjTbc2r7Vc/s1600/Carroll+COVID+Sheriff.jpg" imageanchor="1"><img border="0" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbtuJP7rhYBETAHdZadumlNOHMHzOGuG9OF-rtZoXGDyMAWLycdQcs60D6RHc2966FiCYyQizBQ7kjDp4sLqLxASQPQrEjAzx2ONdBuJjb7bc6lX8FhDfSdeld697-__aNpnjTbc2r7Vc/s400/Carroll+COVID+Sheriff.jpg" width="400" /></a><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8UuuZtQXyarctB1vvseUTN-upIrpyjpmD-MF9AXO0BLzYrRsMa7bMDSBAbJyml7iPTijLQIfNKpoqwc1oQopwr9EZ1W2O53dfRH0RtN5lIvX_btqYHQkq9_pdtVqAi_ovNk6MyJRGqSU/s1600/COVID+Carroll+EMA.jpg" imageanchor="1"><img border="0" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8UuuZtQXyarctB1vvseUTN-upIrpyjpmD-MF9AXO0BLzYrRsMa7bMDSBAbJyml7iPTijLQIfNKpoqwc1oQopwr9EZ1W2O53dfRH0RtN5lIvX_btqYHQkq9_pdtVqAi_ovNk6MyJRGqSU/s400/COVID+Carroll+EMA.jpg" width="400" /></a>Rob Mageehttp://www.blogger.com/profile/00789778715303614261noreply@blogger.comtag:blogger.com,1999:blog-1755757098181130403.post-9752744828925446902020-05-05T16:09:00.001-04:002021-02-04T12:58:24.766-05:00Ohio AG Case Against Rover Pipeline Will Come Before State Supreme CourtFrom The Canton Repository:<br />
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The Supreme Court of Ohio will hear the state’s case against Rover Pipeline over alleged environmental violations during the pipeline’s construction. </blockquote>
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The justices formally accepted the case last week, but have yet to announce a date to hear arguments. </blockquote>
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The question before the court is whether the Ohio Environmental Protection Agency gave up its right to enforce water pollution laws concerning the pipeline. </blockquote>
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Rover transports natural gas from the Utica and Marcellus shale regions to southern Michigan. From there it goes to other users in the United States and Canada. Texas-based Energy Transfer owns the pipeline. </blockquote>
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Rover’s twin 42-inch-diameter mainlines cross northern Ohio, including Stark, Tuscarawas, Carroll, Wayne, Ashland and Richland counties. </blockquote>
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The Ohio Attorney General sued Rover and its subcontractors in Stark County Common Pleas Court in November 2017. </blockquote>
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The state said Rover violated environmental laws in more than a dozen counties. The violations included discharges of sediment-laden stormwater, leaks of clay-based drilling fluid and the release of water used to pressure-test the pipeline.</blockquote>
<a href="https://www.cantonrep.com/news/20200428/ohio-supreme-court-to-hear-ags-case-against-rover-pipeline" target="_blank">Click here to read more. </a>Rob Mageehttp://www.blogger.com/profile/00789778715303614261noreply@blogger.com