• 2 minutes Rational analysis of CV19 from Harvard Medical School
  • 4 minutes While U.S. Pipelines Are Under Siege, China Streamlines Its Oil and Gas Network
  • 7 minutes Renewables Overtake Coal, But Lag Far Behind Oil And Natural Gas
  • 6 hours Tesla Begins Construction Of World’s Largest Energy Storage Facility
  • 4 hours Joe Biden the "Archie Bunker" of the left selects Kamala Harris for VP . . . . . . Does she help the campaign ?
  • 2 hours Will any journalist have the balls to ask Kamala if she supports Wall Street "Carried Interest" Tax Loophole
  • 1 day Trump Hands Putin Major Geopolitical Victory
  • 5 hours America Could Go Fully Electric Right Now
  • 1 day Those Nasty White People and Camping Racism
  • 4 hours In 1,267 days, Trump has made 20,055 false or misleading claims
  • 1 hour Buying votes is cool now.
  • 16 hours .
  • 12 hours The Truth about Chinese and Indian Engineering
  • 14 hours Brent above $45. Holding breath for $50??
  • 21 hours COVID&life and Vicious Circle: "Working From Home Is Not Panacea For Virus"
  • 2 days China wields coronavirus to nationalize American-owned carmaker
  • 15 hours The World is Facing a Solar Panel Waste Problem
  • 2 days Oil Tanker Runs Aground in Mauritius - Oil Spill
U.S. Offshore Wind Industry To See Explosive Growth

U.S. Offshore Wind Industry To See Explosive Growth

Offshore wind has the potential…

Colombian Oil Major Reports Surprise Profits Despite Market Downturn

Colombian Oil Major Reports Surprise Profits Despite Market Downturn

Ecopetrol’s ability to significantly dial…

Aramco May Have To Cut Costs To Pay Out Big Dividend

Aramco May Have To Cut Costs To Pay Out Big Dividend

Saudi Arabia’s oil giant Aramco…

Editorial Dept

Editorial Dept

More Info

Premium Content

An Ugly Week For U.S. Shale

This week was an ugly one for American shale: Several pipeline projects--both those existing and in the works--took severe hits that will have a profound effect on the shale industry going forward, the severity of which cannot be overstated.

The first hit was to Energy Transfer Partners’ already in service Dakota Access Pipeline, which a federal judge ordered must be emptied and shut by August 5. So far, ETP is conducting business as usual despite the order and has promised to appeal the decision. But this significant ruling will surely disrupt the entire oil industry in the Bakken shale. 

North Dakota has ramped up production in recent years, and DAPL has supported this growth by carrying its light oil to market. If ETP’s appeals are unsuccessful, it could halt the flow of oil out of the Bakken in its tracks, and consequently shutter production in the area. Oil by rail was the mode of choice in the Bakken prior to DAPL, but now, the economics of oil by rail with WTI at $40 just isn’t there. What has served as the backbone of North Dakota’s oil success is now jeopardizing the entire industry in the area, and could do so well into next year. 

As if that wasn’t enough, work on the in-progress Atlantic Coast Gas Pipeline has been halted after Dominion and Duke quashed the project that would have brought cheap natural gas to the Appalachian region citing cost issues, repeated delays, and “legal uncertainties”.…





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News