Contributors
Boone’s Impact and Vision!
Twenty-five years ago, Boone Pickens sent me a letter describing his passion for natural gas and America’s energy future. I share with you a portion of the letter, dated October 7, 1994: “There is a lot of focus these days – as there should be – on the tremendous costs facing business and local governments as a result of the…
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Pipelines as Critical Infrastructure
The state of California currently experienced a reality check in energy accountability and aging infrastructure. While the majority of the attention is on the spike in gas prices, black outs and stress on the grid in California, Wesley Cate of Eco-Energy believes the national conversation should shift to the issue of aging pipelines. The most recent “Infrastructure Report Card” published…
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Natural Gas Prices Down, Inventories Up as Winter Approaches
Record production of natural gas in Texas and throughout the United States has created lower natural gas prices for consumers, but it has many companies that produce natural gas struggling to avoid bankruptcy. One such company is Chesapeake Energy Corp., which is based in Oklahoma City, who was actively exploring in the Barnett Shale of North Texas some 10 years…
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Oil Prices Soft as Inventories Rise
More negative news for the crude oil exploration-and-production industry in the United States this week as prices dipped again, inventories rose again, and the drilling rig count declined again. Oil prices on the New York Mercantile Exchange (NYMEX) closed at $54.91 on Wednesday down $8.76 (14 percent) from a year ago. Oil stocks rose 5 million barrels during the week…
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Bellmon’s Legacy!
On October 21, 2019, I had the honor of serving as a keynote speaker at the Oklahoma Academy’s Town Hall Meeting at the WinStar Convention Center. The theme of the conference was Oklahoma Energy: Optimizing Our Resources for the Future. My topic was “The Digital Transformation: From the Whiteboard to the Boardroom.” The Oklahoma Academy is a statewide nonprofit, nonpartisan,…
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Oil Industry Giants Organize to Reduce Emissions
Thirteen international oil and gas companies have committed $1 billion to reduce greenhouse gas emissions. The organization, called the Oil and Gas Climate Initiative (OGCI), will support the goals of the Paris Agreement, which will include unlocking large-scale investments in carbon capture, use and storage (CCUS) and supporting new taxes and economic incentive aimed at reducing emissions. The OGCI member…
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The Crude Life Interview: Andrew Bruce, CEO, Data Gumbo
Andrew Bruce, CEO, Data Gumbo, discusses their new oil and gas industry service and contract that involves Blockchain and the Bakken oil fields. The Bakken program is a pilot program contracted from a consortium of major energy companies involving water use in shale plays. Bruce discusses the pros, cons, issues and solutions of Blockchain, including an estimate of $3.7B annual…
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Exploration Slows as Financial Situation Tightens
The financial community has developed a negative opinion about the profitability of oil and gas wildcatters who primarily operate as producers of oil and natural gas from shale. A recent story in The Wall Street Journal started this way: “Horrific. Terrible. Abysmal. The worst. Those are terms equity analysts are using to describe investors’ attitude toward energy stocks.” In addition…
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