Friday, January 10, 2025

Federal Judge Strikes Obama’s Fracing Ban

A federal judge in Wyoming has issued a final ruling to refute the executive branch’s ban of hydraulic fracturing on public land. U.S. District Judge Scott Skavdahl issued the final ruling on June 21, 2016, upholding a preliminary injunction he had put in place last September. Skavdahl said the ban was ill conceived. “Congress‘ inability or unwillingness to pass a

Birchcliff Energy Expands Core Acreage by 54,000 Net Acres with $625 Million Acquisition

Birchcliff Energy creates a contiguous core asset base with purchase from Encana Birchcliff Energy (ticker: BIR) announced that it will purchase all of Encana Corporation’s (ticker: ECA) Gordondale area, creating one contiguous block of assets in Birchcliff’s primary focus area of Pouce Coupe/Gordondale within its one core area, Alberta’s Peace River Arch. Birchcliff agreed to purchase the 54,000 net acres

Analysts have been publicly claiming that a drop in the value of the U.S. dollar is coming. Of course, this has implications for oil - Oil & Gas 360

How will an EU Brexit Affect International Relations, Politics and Oil?

The UK Votes Tomorrow whether to Exit or Stay in the EU; UK Polls are Split Down the Middle  In less than 24 hours, the UK will vote whether or not to stay in the European Union or exit the EU. According to the latest EU referendum poll of polls analysis in the Financial Times, 44% in the UK want to remain, 44% want

U.S. Crude Storage Utilization Up while Capacity Grows

The U.S. adds record amount of crude oil storage capacity; smaller than expected draw reported today The glut of crude oil has prompted for some time now a fear that storage may not be able to keep pace with the speed of production in the United States. The EIA measures crude oil storage capacity twice each year, and reported today