Rob Morgan, president and CEO of Strathcona Resources, grew up in Saskatoon and went to chemical engineering at the U of S. He cut his teeth in the Lloydminster oilpatch, and is now running one of the largest oil produces in Saskatchewan. Strathcona bought Serafina Energy this past year, and has substantial activity north of North Battleford. The Patchwork Podcast on Pipeline Online goes deep with Morgan, who sees a long future for oil and gas.
Who gives a frac? That’s a really good question
A huge reason behind Saskatchewan’s growth as a ‘have’ province was the advent of horizontal oil wells with multi-stage fracking, which had a substantial impact on oil production. And Crescent Point ended up with most of the fracked oil plays in Saskatchewan – the Bakken, Torquay and Shaunavon. But in what can only be considered a stunning move, Crescent Point announced on Wednesday that it’s trying to drill wells in the Bakken but not frac them.
Throne speech includes of talk about power generation, and using farming to offset carbon burden for other industries
If Saskatchewan can’t get out of a carbon tax, it looks like it’s going to try to reduce that overall carbon tax burden. The throne speech indicates that carbon offset credits from zero till farming will be available to lower other industries’ carbon tax burden.
Saskatchewan wisdom from the tractor seat on Just Stop Oil
Quick Dick McDick has a few salty words about the recent protest in London to Just Stop Oil.
“Now if you could look past the dipshittery of talking about people starving while you throw two perfectly good cans of soup against a painting….”
Moe’s Drawing the Line: releases white paper with profound impact on energy.
It’s 6 a.m. and after pulling an all-nighter I am finally finishing writing these three pieces. Huge impact on energy policy in Saskatchewan, affecting oil, coal, nukes, farming, fertilizer, even manure. Moe even mentions possibility of carbon capture on Shand. But feds want to kill off all fossil fuel power generation by 2035. On Oct. 9, 82% of Saskatchewan’s power came from coal or natural gas.
Part 1
Part 2
Part 3:
Oil Production Vital Statistics
The oil price has begun 2018 strongly with Brent breaking through $70 / bbl for the first time since December 2014. OPEC+Russia+others’ discipline on production constraint remains high with ~ 1.7 Mbd production withheld from the market. The IEA reports an ~1 Mbpd stock draw in the OECD + China in 4Q 2017. IEA revisions transform the picture in the USA from one of static production to one of strong growth over the last 3 months (this undoes one of the assumptions used in my 2018 oil price forecast).
Oil Production Vital Statistics January 2018
Oil production in Venezuela has fallen 810,000 bpd since December 2014 and describes the slow motion train wreck taking place in that country.
Oil Production Vital Statistics
oil production vital statistics
Oil Production Vital Statistics June 2017
Our monthly roundup of oil production and drilling statistics from around the world.