It’s been a volatile time in the U.S. oilfield. As recently as October, a litany of analysts and traders and speculators lined up to tell the world exactly when the price of crude oil would break the fabled $100 barrier. Projections differed, but it seemed as though the halcyon days of pre-crash 2014 were not…
It was certainly a good year for U.S. oil companies in 2018. On the strength of surging shale oilfield production, the United States became the world’s largest producer of crude oil. It also became a net oil exporter for the first time in decades. As if that weren’t enough, the United States Geological Survey announced…
The 2018 midterm elections were among the most significant in recent memory. The newest crop of senators, representatives, governors and other officials are likely to shape the direction of local and national politics for years to come. In Colorado, however, one of the most important issues on the ballot wasn’t an elected office at all.…
2018 has been a great year to be in the oilfield. With the recovery and resulting boom in full swing, many oilfield service companies are busier than they have ever been. However, while all industry analysts generally view the next year with optimism, even booming markets face serious challenges. What follows is a roundup of…
[cherry_row] [cherry_col size_md=”12″] The last several years in North Dakota’s Bakken Formation have been tumultuous to say the least. From an explosive growth in shale oil drilling that quickly turned the area into the United States’ 2nd largest oil producer, to a market collapse in 2014 that saw dozens of producers go bankrupt and oilfield…
It’s been quite a stretch for the oil markets in recent months. After a protracted decline that left markets sagging and producers scrambling for solutions, crude prices have rallied sharply and reached heights not seen in several years. The rapid growth has been driven largely by cuts from OPEC, Russia and other prominent producers, aimed…
Nearing the halfway point of the year, there’s no doubt that 2017 has brought good news for the trucking industry. Oil markets continue to lag behind projections despite cuts from OPEC member nations and other international producers, and abundant national and global supplies have driven down prices at the pump. Changing markets have simultaneously led…
As former President Barack Obama’s final term slowly approached its end, tensions at the Standing Rock Indian Reservation, in Nebraska and elsewhere remained at a low simmer. The administration had successfully blocked completion of both the Keystone XL and Dakota Access Pipeline, but the incoming Donald Trump administration had spent months making the oil infrastructure…
It hasn’t been the greatest time to be a player in the oil markets, as excess supply and other regional and global factors have created greater than normal instability. Both Brent and WTI prices have fluctuated considerably throughout the year, though prices have generally remained far lower than in years past. With a turbulent 2016…
The oil market has seen its share of volatility over the past several weeks, as uncertainty continues over the looming OPEC meeting on November 30. The meeting, set to take place in Vienna, is widely viewed as a critical step in reviving flagging oil prices and reassuring wavering traders. In the face of lingering questions…
