Posted on March 9, 2022
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It’s impossible to ignore the 24-hour news faucet running full blast from the Russian-Ukrainian conflict and its impact on global energy markets. The U.S. now has officially banned Russian oil imports and the nation’s leader is ostensibly “off to Texas” to privately meet with producers. Would kill to be a fly on that wall. But rather than opining, risk repeating what you already know, or adding to the general morass, Reese Energy Consulting today is looking at recent headlines on the domestic front that may have escaped attention. With oil prices surging, there’s renewed fire in the belly in the Bakken. Thousands of oilfield jobs are waiting to be filled as producers restart idled wells. Denver-based Whiting Petroleum and Houston-based Oasis Petroleum—both of which declared bankruptcy in 2020—will now combine in a merger of equals to become one of the largest Bakken producers with 972,000 net acres, 167.8 MBOEPD, and an enterprise value...

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Posted on August 18, 2020
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Take Me to the River Reese Energy Consulting today is following the latest news from La.-based Plaquemines Port Harbor, which has signed an exclusive letter of intent with American Patriot Holdings (APH) to develop a new state-of-the-art container terminal. Once completed, the Gateway Port on the Gulf will offer a needed connection for inland container imports and exports but maybe the marine vessels to service the terminal are the real cool dog here. APH has designed container ships powered by LNG that the company says will revolutionize an industry in need of more infrastructure and emissions reduction. Freight volumes along the nation’s inland waterways are expected to increase 40% in the next 30 years. APH’s larger Liner ships will be capable of servicing the Mississippi River as far north as St. Louis. The smaller Hybrid vessels will transport cargoes from inland ports along tributary rivers. Using LNG propulsion, a no-wake bow,...

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Posted on August 12, 2020
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The battle to win mineral rights and a spread of land bigger than the size of Conn., is on like Donkey Kong in Wyo. Governor Mark Gordon is in a bare-knuckle race to emerge the victor in a bid for five million acres in Wyo., Colo., and Utah owned by Houston-based Occidental Petroleum. Problem is, after an extensive campaign to bring home the prize and three weeks of radio silence from Oxy, Wyo., now has learned its bid fell short for a “once-in-a-generation opportunity” to generate more investment revenue and keep state taxes low. Thirteen bidders have stepped forward to snatch up Oxy’s assets in The Rockies—a part of the company’s acquisition of Anadarko Petroleum last year. The company says it’s negotiating with a bidder, although nothing takes ink until the greenbacks and bona fides slap the table. Should Wyo., ultimately win the bid, the acquisition would rank as the...

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