Not quite a month ago, Chairman and CEO Thomas F. Karam of Pa.-based Equitrans, struck a somber tone in the company’s 1Q earnings report. ...
Read More
We all know the U.S. is beyond rich in natural resources. Witness the shale revolution that has unlocked more crude oil and natural gas than we as a nation can even consume. We also happen to be sitting on top of one of the world’s largest deposits of lithium—which, ironically, we must import to the tune of 3,600 metric tons last year. Reese Energy Consulting today is following the latest on lithium here at home and those who are reawakening an industry we literally exported out of the country in the 70s. Okla. City-based Galvanic Energy has announced the $100 million sale of its drilling rights across 120,000 acres in the brine-rich Smackover Formation in Ark., to ExxonMobil. Seems Exxon aspires to become a major lithium supplier to the U.S. electric vehicle market—something it calls “Drilling for electric cars.” At the same time, same formation, Ark.-based Standard Lithium has drilled...
Read More
The San Juan Basin extends 7,500 square miles across northwest N.M., and southwest Colo., where natural gas was first discovered in 1921. Now at age 102, it’s one of the nation’s oldest producing areas with sedimentary rock dating back 570 years to 2 million....
Read More
There’s nothing like an industry mega-deal to energize us oil and gas folks and Sunday’s announcement from Tulsa-based ONEOK is no exception. It’s also one of the more interesting acquisitions to come along in a while....
Read More
Tire manufacturer Firestone may have been the first of its ilk to snap up the catchy slogan, but Goodyear will become the industry’s first to offer a new tire tread that rewrites the chemistry to produce carbon black. ...
Read More
The native village of Nuiqsut (pronounced new-ix-sut) is experiencing a boom in local business. This icy pocket in Alaska’s North Slope, population 500 or so, sits 250 miles above the Arctic Circle and hosts the Kuukik Hotel—a chain of trailers with the town’s only restaurant. ...
Read More