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Monthly Archives: October 2017

QEP Resources Inc. (NYSE: QEP) aims to continue its divestitures in Wyoming with an auction for about 26,000 net HBP leasehold acres handled by advisory firm EnergyNet.

QEP’s offering also includes nonoperated working, royalty and overriding royalty interest (ORRI) in 240 wells plus mineral acreage throughout the Moxa Arch in Lincoln, Sweetwater and Uinta counties, Wyo. The auction begins Nov. 8 and closes Nov. 15.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/marketed-wyoming-assets-hbp-leasehold-qep-resources/

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The World Bank released its October 2017 Commodity Markets Outlook last week, finding the average U.S. shale breakeven oil price has dropped more than 42 percent since the beginning of 2013, thanks to technological improvements. Advances in technology and drilling techniques such as hydraulic fracturing, coupled with resource rich domestic shale plays, means American producers are continuing to thrive despite lower commodity prices.

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Of course, technologies such as horizontal drilling and fracking have opened a wealth of oil resources that were previously unreachable just over a decade ago. In the latest data from the U.S. Energy Information Administration (EIA), shale production accounted for over six million barrels per day (b/d) in October of this year, up from about 1.5 million b/d at the start of 2010 – a 400 percent increase. In fact, EIA estimates producers will best the previous total U.S. crude production record set in 1970 next year, thanks in large part to shale development. As EIA states:

“EIA forecasts that most of the growth in U.S. crude oil production through the end of 2018 will come from tight rock formations within the Permian region in Texas and from the Federal Gulf of Mexico.”

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While a combination of factors helped shale oil production skyrocket over the past several years, innovation in development has had the largest impact on overall efficiency, the World Bank Outlook states:

“Despite lower oil prices, shale producers have been able to raise production through cost reductions (mainly for services, equipment, and labor), technological improvements, and better planning decisions as knowledge expands in a relatively young sector.”

The Outlook continues,

“Advancements include longer horizontal pipe laterals, shorter drilling and completion times, greater proppant intensity, and the use of multiple wells at a single location. Well productivity continues to rise.(emphasis added)

This continued increase in production efficiency in the face of low oil prices has allowed the United States to become an increasingly important player in the global oil market. Now the largest oil and natural gas producer in the world, topping OPEC countries such as Saudi Arabia, America is not only competitive thanks to advances in shale development, it’s dominating.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/average-u-s-shale-breakeven-oil-price-has-dropped-42-percent-in-four-years/

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K.J. Rodgers
Crownsville, Maryland  

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Enviro-terrorists twist facts and use scare tactics to convince themselves of their righteousness, but in reality, they are just like other terrorists.  

Scare tactics and fearmongering are the ordinary tools used by enviro-terrorists, although they are instinctively drawn to vandalism and violence as a natural outgrowth of their cult behavior. They take snippets of information out of context and blow it widely out of proportion to be disseminated to their fleet. The problem isn’t so much that they use these tools, but rather, that they are masters of their craft and take it to a new level by believing their own hyperbole, acting upon it and attracting the support of wanna-be enviro-terrorists too cautious to do it themselves (e.g., when Bill McKibben tweeted support for enviro-terrorists with masks and torches).

These wanna-be enviro-terrorists seem to be everywhere I look, probably because I consume a lot of media from places such as NPR. Before you think you’ve caught me in an embarrassing faux pas; I can explain.

First, I like to listen to podcasts, and one I’ve been a fan of is More Perfect, where they discuss the Supreme Court’s history. It’s sponsored by EarthJustice, which tells they us exist “because the Earth needs a good lawyer.” Every time I hear that pompous corny line, it sounds to me an awful like any other ambulance chasing trial attorney and I almost feel like asking them if they would want advertise on NaturalGasNow.

Second, I despise morning radio talk shows as they all put up the most annoying guy in the studio to ramble on about everything, so I listen to our local NPR station to hear traffic updates and catch up on local government happenings.

This is when I recently heard, Tom Pelton, Director of Communications for the Environmental Integrity Project, of whom I have written on a few times, describing counterterrorism tactics being used on environmentalist groups by ‘big oil’.

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They look very peaceful, don’t they?

He started off telling a story of how he was taking pictures of a refinery in Texas from a public road. He was stopped and questioned by a security guard and reported to the FBI as a potential terrorist. While the libertarian in me cringes, I can understand why one could be stopped and briefly interviewed. This is common and has been for years. Usually, the officer or guard will just find out what is going on and be on their way. Pelton, however, uses this instance to portray himself as a victim of the oil and gas companies’ efforts to smear environmentalists when, in fact, it’s the opposite — oil and gas companies defending themselves from enviro-terrorists and smears by their wanna-be allies.

He then referenced a report that some energy companies were using a military contracting firm, TigerSwan, to spy on and disrupt protestors at the Dakota Access Pipeline. The released report mentioned internal documents calling the protestors eco-terrorists and compared the water protectors to jihadist fighters, to terrorists — a national security threat. The author of the report, Alleen Brown with The Intercept, said:

“Although the protesters were, in fact, peaceful and nonviolent, the internal documents show that the security firm falsely described the clean water activists to law enforcement as terrorists”

Well, not so fast; they are terrorists by all accounts under the standard definition: “A person who uses unlawful violence and intimidation, especially against civilians, in the pursuit of political aims.” We know the protesters met this definition because of what actually happened.

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Phelim McAleer being kidnapped by peaceful protesters

Phelim McAleer, Filmmaker of Fracknation, was held hostage by the “peaceful” protesters. The protesters burned equipment, destroyed property, trespassed and sabotaged the pipeline – far from being peaceful. Check out the North Dakota website with pictures of the enviro-terrorism if you doubt Phelim. It was bad enough for Energy Transfer Partners LP to launch a suit against GreenPeace, Earth First, and others for inciting terroristic acts. There’s more on that here. They have plenty of ground to stand on when you consider how ISIS-like the protesters were behaving.

The kicker of Pelton’s piece isn’t that he goes on to discuss RICO, skipping over the #ExxonKnew scandal, but that he closes with:

“The oil and gas companies often argue that their interest is the national interest. But there is also a competing interest: the first Amendment to the Constitution.”

While the oil and gas is, indeed, clearly of national interest, as virtually our entire economy involves or depends upon the industry, where does Pelton come off bringing freedom of speech enter into the discussion? Since when does freedom of speech include the right to trespass, burn bridges, establish illegal encampments, vandalize others’ property and commit acts of violence?

This pathetic rationalization of “unlawful violence and intimidation against civilians in the pursuit of political aims” (terrorism) exposes Pelton as one of the enviro-terrorists in spirit if not in practice. Acting so, he victimized his own cause more than the oil and gas industry he attacked. Influence depends upon credibility and the closer fractivism edges toward enviro-terrorism, the less credibility it has. The DAPL protests might have felt good and even seemed like a win for a time but, in the end, the protesters gave up far more than they gained. Enviro-terrorists are losers.

The post Enviro-Terrorists Are Simply Terrorists Who Victimize Themselves appeared first on Natural Gas Now.

Source: Natural Gas Now

https://www.shaledirectories.com/blog/enviro-terrorists-are-simply-terrorists-who-victimize-themselves/

U.S. gas exporters and traders are aiming to grab a bigger chunk of the lucrative, growing business of exporting gas to China, the world’s third-largest buyer, when they accompany Commerce Secretary Wilbur Ross to China in November.

But the talk may all be hot air if the U.S. suppliers can’t compete with bargain prices agreed on long-term deals with rivals Australia, Qatar and Malaysia.

According to a list seen by Reuters, 10 of the 29 companies travelling with Ross and U.S President Donald Trump are involved in energy and gas.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/us-gas-exporters-rush-to-sell-lng-to-china/

The Bureau of Labor Statistics (BLS) has released new projections of job growth through 2026, and the oil and gas sector features prominently. BLS categorizes oil and gas jobs under a broad category of mining, which is projected to experience 1.4 percent growth in employment from 2016 to 2026. The mining job growth projection is the highest among “goods-producing” sectors, which are segments of the economy not included in services, agriculture or the public sector. In total, BLS expects the sector to add 90,800 jobs by 2026.

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Source: Bureau of Labor Statistics

 

Within the broad mining sector, BLS foresees “faster-than-average” employment growth “for a number of oil and gas occupations, including roustabouts, service unit operators, rotary drill operators, and derrick operators.” By 2026, BLS expects employment opportunities in all of these jobs by about 25 percent. Across all jobs in the oil and gas industry, BLS expects to see an annual job growth rate of 1.7 percent per year in the same time period.

But the benefits of increasing oil and gas employment are not exclusive to the industry. BLS states that the oil and gas sector’s job growth will “translate to more jobs in occupations related to this industry by 2026.”

These projections are already becoming a reality in the oil and gas industry. NES Global Talent and oilandgasjobsearch.com recently conducted a survey on employment in the industry, and its recently released Oil and Gas Outlook Report confirms that employers expect to be hiring aggressively and raising wages. After surveying 3,000 industry employers, along with 7,000 workers, they found that 60 percent of employers expect to recruit significantly in the next 12 months. NES Global Talent CEO Tig Gilliam said in a statement that expected short-term job growth “is being led by a sharp increase in investment in U.S. shale.”

The NES survey adds to the evidence from business research firm LimeLeads, which in September posted a report on the top 10 fastest growing job sectors in the country, based on a review of BLS monthly job data. Like the BLS, LimeLeads considers oil and gas jobs to be in a broader category it calls “Support Activities for Mining,” and observed that the broad sector added 52,500 jobs from August 2016 to August 2017. LimeLeads called this 20.6 percent growth a “whopping increase” in job opportunities in the sector. BLS data shows that over 30,000 of the 52,500 additional jobs recorded by LimeLeads were in the oil and gas sector.

 

 

 

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/bls-expects-oil-and-gas-industry-to-drive-us-job-growth/

Public Citizen and a new project called the Center for Climate Integrity (CCI) have launched a new campaign targeting oil and gas companies in the wake of recent hurricanes. The groups have put up two billboards in Houston asking when “climate polluters” will “pay their fair share” and directing people to visit WhoPaysForHarvey.com. But a peek behind the curtain reveals that this campaign is organized by the same key players behind the #ExxonKnew campaign and is just the latest attempt to reset their struggling effort to attack the oil and gas industry.

As a refresher, Public Citizen has been active in the #ExxonKnew campaign for nearly two years. Rob Weissman, Public Citizen’s president, attended a secret closed-door meeting in January 2016 at the offices of the Rockefeller Family Fund (RFF), which has bankrolled the #ExxonKnew campaign. Activists at that meeting included Kert Davies, Matt Pawa, 350.org’s Bill McKibben, and Center for International Environmental Law (CIEL) president Carroll Muffett, among others.

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The purpose of the meeting was “to establish in public’s mind that Exxon is a corrupt institution,” and “to delegitimize them as a political actor.” After a quick break for lunch, the group reconvened to ask:

“Does this group want to establish a rapid response and coordination structure to react to new research, revelations and legal developments as they happen? A higher level of coordination with a war room, joint social media, and coordinated organizing and media pushes?”

Nearly two years later, we’ve seen the degree to which these groups have actively coordinated with each other and their allies.

CCI launched last month as a project of the Institute for Governance & Sustainable Development (IGSD). IGSD was founded by Durwood Zaelke, who was the co-founder and president of CIEL from 1989-2003. Richard Wiles is the director of what is now CCI and is also the publisher of a new climate liability website, Climate Liability News (CLN), which launched in July. CLN has paid particularly close attention to developments in the investigations of and lawsuits against ExxonMobil, devoting a unique page on its website to the issue. Kert Davies, who attended the January 2016 RFF meeting, is listed as a member of CLN’s board, alongside Wiles and Alyssa Johl, a former CIEL attorney.

Matt Pawa, a trial lawyer who attended the January 2016 RFF meeting and serves on the board of CIEL, recently spoke at a conference with Public Citizen’s Weissman. Pawa has chased big payouts from companies for their contributions to climate change for years and is currently leading a climate change lawsuit filed by San Francisco and Oakland against five oil and gas companies.

Following the RFF group’s plan to “establish a rapid response and coordination structure to react to new…developments,” Bill McKibben, a top promoter of the #ExxonKnew campaign, tweeted a photo of one of the Houston billboards as soon as they went up.

Adrian Shelley, the director of Public Citizen Texas, told the Houston Chronicle that the billboards and website are “just the beginning of a larger national campaign.” WhoPaysForIrma.com has already been registered, though that site has not yet launched.

And while the slick website at WhoPaysForHarvey.com features all of eight sentences blaming oil and gas companies for Hurricane Harvey, it does not link to additional information or resources and offers no way to help the victims of Harvey and no solutions to address climate change. Meanwhile, the oil and gas industry pledged over $32.3 million to Harvey relief efforts. It remains to be seen how this new campaign’s billboards and barebones website will help address climate change.

What is clear is that these various efforts to attempt to bring climate litigation against oil and gas companies are being perpetrated by the same handful of activists who have been pursuing these companies for years. The goal isn’t to win the cases; it’s to generate publicity – a goal shared by New York Attorney General Eric Schneiderman with his investigation of ExxonMobil.

Activists are trying to create a public narrative that oil and gas companies deserve all of the blame for climate change, thereby shifting the blame from the individuals who rely on fossil fuels (including these activists) to the companies providing fossil fuels. The goal, as laid out in their memo nearly two years ago, is to “delegitimize them” and convince the public that oil and gas companies are corrupt. Or, as that memo’s author put it:

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/exxonknew-attempts-to-reset-flailing-campaign-witha-billboard/