Activity in the huge Bakken field is going home.
Home is Montana, where the Bakken was originally discovered.
Drilling equipment and crews are moving back across the border from North Dakota—where the Bakken Boom has been the Biggest—boosting Montana’s rig count to 22 from just eight at this time last year....
The rapid increase in horizontal drilling and the shale revolution in the energy sector is re-defining the need and demand for North American energy services companies.
This has created a work backlog that has the entire industry – drillers, fracking companies, fluid specialists, water services - stretched to the limit,...
In Ernest Hemingway’s The Sun Also Rises one character asks:“How did you go bankrupt?”The reply comes:“Two ways, gradually then suddenly.”According to Champignon Brands (SHRM-CSE) CEO Dr. Roger McIntyre as Chief Executive this “gradually and then suddenly” quote describes perfectly what is happening in the psychedelic medicine field right now.This...
A couple quick thoughts on today's Big Oil News – the IEA releasing 60 million barrels from Strategic Reserves around the world to help lower global oil prices – before I get into who will benefit from this (and there's a surprise here).
In terms of fundamentals, this really is...
A Six Percent And Growing Royalty On Surging Permian Production
At this point I’m sure you are familiar with charts like the one below.
This chart shows where production in the Permian Basin is going over the next four or five years.
This is the chart from one analyst. I can show...