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The Land of Enchantment

By: Matt Reese / Posted on: September 19, 2018

The Bureau of Land Management, under the Department of the Interior, held a two-day auction on 142 parcels of land in New Mexico at the beginning of September. The results from this single sale has surpassed their sales numbers from all transactions in 2017 combined. The land lease sale of nearly US $1 billion will provide ample land to further boost the already growing oil production in the state. 

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Pipeline Bottlenecks

By: Jon Babyak / Posted on: June 6, 2018

Shale production is surging in the United States, however it’s surging into pipeline bottlenecks, creating mass delivery issues. Pipeline shortages are having a particularly frustrating effect in Oklahoma and in the Texas Permian Basin, forcing some companies to truck barrels up to 500 miles in order to get it to the gulf coast. These bottlenecks are expected to last until 2019, or even 2020, and combined with a tight labor market for drivers, there is a finite limit to the amount of crude that could be used to help stabilize the international market.

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The Impact of (Proposed) Pennsylvania Severance Tax

By: Ashley Clawson / Posted on: May 8, 2018

 

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The New Normal

By: Ashley Clawson / Posted on: April 9, 2018

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