2018 has been a great year to be in the oilfield. With the recovery and resulting boom in full swing, many oilfield service companies are busier than they have ever been. However, while all industry analysts generally view the next year with optimism, even booming markets face serious challenges. What follows is a roundup of…
The Blockchain Revolution Ask a hundred people about the potential impact of blockchain technology on the oil and gas industry and there are likely to be a hundred different answers. To some, blockchain is a massively disruptive technology that represents the wave of the future. Others view it as little more than an interesting novelty.…
It’s an odd time to be a shale oil producer. On the surface, it appears the stage should be set for production in the Permian and other U.S. basins to surge into a premier market position. After a period of massive global oversupply that sent crude prices tumbling and left the industry in a troubling…
[cherry_row] [cherry_col size_md=”12″] The last several years in North Dakota’s Bakken Formation have been tumultuous to say the least. From an explosive growth in shale oil drilling that quickly turned the area into the United States’ 2nd largest oil producer, to a market collapse in 2014 that saw dozens of producers go bankrupt and oilfield…
When a business looks to partner with a factoring company, much of the focus is inevitably on the cost of the factoring program. This makes sense, a well-run business must account for where every dollar is going to make their operation as efficient as possible. However, though cost is a critical component of a factoring…
It’s been quite a stretch for the oil markets in recent months. After a protracted decline that left markets sagging and producers scrambling for solutions, crude prices have rallied sharply and reached heights not seen in several years. The rapid growth has been driven largely by cuts from OPEC, Russia and other prominent producers, aimed…
Nearing the halfway point of the year, there’s no doubt that 2017 has brought good news for the trucking industry. Oil markets continue to lag behind projections despite cuts from OPEC member nations and other international producers, and abundant national and global supplies have driven down prices at the pump. Changing markets have simultaneously led…
As former President Barack Obama’s final term slowly approached its end, tensions at the Standing Rock Indian Reservation, in Nebraska and elsewhere remained at a low simmer. The administration had successfully blocked completion of both the Keystone XL and Dakota Access Pipeline, but the incoming Donald Trump administration had spent months making the oil infrastructure…
It’s no secret that the oil and gas industry can be a tremendous moneymaking opportunity, but breaking into the industry presents serious challenges. In particular, many industry neophytes struggle to attain the proper financing to get a project off the ground. For newcomers in search of oilfield financing, the last few years have brought mixed…
When word reached the frozen, snow-covered Standing Rock Indian Reservation that the Army Corps of Engineers had ruled against the Dakota Access Pipeline, the throngs of protesters erupted into cheers. However, it didn’t take long for the gathered crowds – a mingling of Native American tribe members and other supporters from across the country –…
