A sharp jump in oil prices emerged as one of the biggest business stories of the week, rattling financial markets and renewing fears that higher energy costs could fuel inflation, squeeze consumers and slow economic growth. The surge was driven by escalating disruption across the Middle East tied to the war involving Iran. Concerns over Read More…
Energy markets faced renewed pressure this week as crude prices softened amid mixed signals on global demand and steady U.S. production. Benchmark West Texas Intermediate crude drifted lower, weighing on shares of major producers and oilfield services companies. Analysts cited cautious demand forecasts from Asia and Europe, along with stable output from U.S. shale basins, Read More…
(The Center Square) – The second largest natural gas producer in northwest Louisiana and east Texas has sold its assets to Japanese conglomerate Mitsubishi. Aethon, a Dallas-based company that operates in the prolific Haynesville shale formation, agreed to a deal worth approximately $7.5 billion, according to an announcement on Friday. Mitsubishi agreed to pay $5.2 Read More…
Governor Greg Gianforte and the Montana Chamber of Commerce will host the 2nd Annual Big Sky, Bright Future Economic Summit on Thursday, October 16, in Bozeman, bringing together business leaders, policymakers, and energy experts to focus on the theme of unleashing American-made energy in Montana. “With rising demand on our energy grid, Montana must continue Read More…
It wasn’t the first time a Montana coal mine had gone bankrupt, but Decker Coal’s reason for calling it quits had never been stated so plainly. There are no longer customers lined up at Decker’s door for Montana coal. Detroit-based energy company DTE no longer needed the 2.5 million tons of coal it Read More…
Reeling from the effects of the pandemic, the oil industry is in no mood to fool around. When newly inaugurated President Joe Biden canceled the Keystone XL pipeline project, refiners on the Gulf Coast shuddered. How would they get the Canadian oil they needed? But when President Biden paused all oil and gas permitting on federal lands Read More…
Wyoming Gov. Mark Gordon is pushing to build up the state’s economic recovery through proposals and initiatives that he said would add value to the agriculture, tourism, and energy sectors. Taking an “all the above” approach, Gordon said he would seek to further bolster Wyoming’s energy and mining sectors. The governor supports bills allowing severance Read More…
A group of companies involved in the exploration and production of oil and natural gas, is challenging President Biden’s executive order that would stop future land leases for those businesses. The Western Energy Alliance (WEA) filed a complaint against the Biden Administration in U.S. District Court in Cheyenne, Wyoming on Wednesday. The suit names the President, Acting Read More…
Wind farms and massive arrays of solar panels are cropping up across public and private landscapes both in the United States and abroad as users increasingly turn to “green energy” as their preferred flavor of electricity. President Joe Biden, in fact, has directed the Interior Department to identify suitable places to host 20 gigawatts of Read More…
CHEYENNE, Wyo. (AP) — U.S. officials have approved a 5,000-well oil and gas project spread across more than 2,300 square miles in eastern Wyoming. Five major oil and gas companies proposed the development between Glenrock and Douglas that has stirred concern over its massive size and plans to drill year-round. Wednesday’s approval from the Bureau Read More…
North Dakota’s oil output soared 14% in August as more wells shut down earlier in the spring because of the coronavirus crisis came back online. “It is nice to note that we are back on the road again to healthy production,” Lynn Helms, director of North Dakota’s Mineral Resources Department, told reporters Friday. Still, Helms Read More…
Oil production from the Bakken oil fields of North Dakota fell to a 7-year low of 827,000 barrels per day in May (Figure 1). That is a drop of almost 550,000 barrels per day (-40%) since March. Most of the decrease in output is because more than 2,800 wells were shut in over the last Read More…
Warren Buffett’s Berkshire Hathaway is finally pulling the trigger. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It’s Berkshire’s first major purchase since the coronavirus pandemic and subsequent market collapse in March. At his annual Read More…
The debate over how to dispose of the Bakken’s radioactive oilfield waste has prompted a small group of lawmakers from North Dakota and Montana to start collaborating. The conversations come as Montana prepares to enact a formal rule capping the radiation level of oilfield waste disposed of at landfills in the state. Much of the Read More…
Amidst widespread coal layoffs throughout the Powder River Basin in recent months and an industry rocked by plummeting prices and decreased demand, Decker Mine reverses course, offering a but of good news for the future of western coal. After laying off nearly 30% of its workforce earlier this month, all 98 furloughed Decker Coal Company Read More…
A top financial ratings service has listed western Wyoming gas drillers Ultra Resources and Jonah Energy among issuers of “top bonds of concern” whose securities could face “imminent” default. Fitch Ratings named the two companies that operate in the Pinedale Anticline, Jonah Field and Normally Pressured Lance, or NPL Field in an April 13 report Read More…
A federal judge in Montana has thrown out a key permit needed for a developer to complete the Keystone XL pipeline. U.S. District Judge Brian Morris of Great Falls ruled Wednesday that the U.S. Army Corps of Engineers improperly granted a permit to developer TC Energy to cross waterways to build the pipeline. The order Read More…
Residential electric rates for one of Montana’s largest rural cooperatives compare well to NorthWestern Energy, when measured at the co-op customers’ average usage, says the co-op’s CEO. “We compete very well, actually,” Yellowstone Valley Electric Co-op CEO Brandon Wittman told MTN News. “So, is it fair to compare? It is, at the correct usage.” In Read More…
TC Energy is moving ahead with plans to construct the Keystone XL pipeline, and it’s getting ready to make a few Montana moves. Terry Cunha, a spokesman for TC Energy, told the Herald on Tuesday that Keystone XL has reached several key milestones. That prompted the company to file a status report with the Read More…
For the past 18 consecutive months, the U.S. has led the world’s crude oil production. It surpassed Russia and Saudi Arabia in June and August of 2018. One year later, the U.S. surpassed its own production record by 14.6 percent. The U.S. leading crude oil production for the first time since 1973 “demonstrates how the Read More…
Montana has experienced 461 oil and gas spills since 2015, according to a new factsheet by Environment Montana Research & Policy Center These accidents have released a total of 6 million gallons of wastewater and 298,000 gallons of oil onto Montana land and waterways. “The research is clear: when you drill, you spill,” said Skye Borden, Read More…
To celebrate his graduation, Nicholas Balcken will likely raise a glass — of Blackfoot River Brewing Company beer. On Friday, Balcken became the first participant in the Montana Registered Apprenticeship Program to receive a Professional Brewer Certificate. With this credential, the Blackfoot River Brewing Co. employee said, “I hope to be able to develop better beers and improve my Read More…
Congress sends sending bills to Trump — Holiday presents from ME
It’s debate day — Greens sue EPA over slaughterhouse rules
Nord Stream 2 sanctions off to Trump — SEC to hold hearing on oil gas payments
PFAS talks implode, again — Nominees see Hill action
Billionaire wildcatter Harold Hamm is stepping down as chief executive officer of Continental Resources Inc. and will become executive chairman of the shale-oil producer he founded over five decades ago. Board member William Berry will take over as CEO at the start of next year, according to a statement released Wednesday. Jack Stark, currently president Read More…
FERC to FREC? — NDAA vote teed up
Presented by the American Gas Association With help from Matt Daily, Zack Colman, Gavin Bade, Annie Snider and Anthony Adragna Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pro’s comprehensive Read More…
Presented by the American Gas Association With help from Anthony Adragna and Annie Snider Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and Read More…
By KELSEY TAMBORRINO 12/11/2019 10:00 AM EST Updated 12/11/2019 10:44 AM EST 2019-12-11T10:44-0500 Presented by the American Gas Association With help from Annie Snider, Alex Guillén and Anthony Adragna Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning Read More…
Presented by the American Gas Association With help from Annie Snider, Anthony Adragna and Gavin Bade Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy Read More…
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Presented by Chevron With help from Anthony Adragna, Alex Guillén and Annie Snider Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services Read More…
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Presented by Chevron With help from Ben Lefebvre, Zack Colman, Annie Snider and Eric Wolff Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 a.m. Learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools Read More…
PROGRAMMING NOTE: POLITICOs Morning Energy will not publish on Thursday, Nov. 28, and Friday, Nov. 29. We’ll be back on our normal schedule on Monday, Dec. 2. Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at 6 Read More…
Markey unveils global climate bill — Plan to limit coverage of grid operator abandoned
Texas Democrat calls for Perry oversight — Bloomberg announces 2020 bid
Democrats unveil net-zero by 2050 bill — Interior plan could expand drilling in Alaska
PROGRAMMING NOTE: POLITICO Pro’s Morning Energy will not publish on Thursday, Nov. 28, and Friday, Nov. 29. We’ll be back on our normal schedule on Monday, Dec. 2. Editor’s Note: This edition of Morning Energy is published weekdays at 10 a.m. POLITICO Pro Energy subscribers hold exclusive early access to the newsletter each morning at Read More…
U.S. District Judge Brian Morris scheduled a hearing for Oct. 9 from environmental organizations suing to stop construction of the $7 billion Keystone XL Pipeline authorized under a new permit from the Trump administration. “Specifically, this permit reinforces, as should have been clear all along, that the Presidential permit is indeed an exercise of Presidential Read More…