MARKET WATCH: NYMEX, Brent oil prices drop on supply concerns

Light, sweet crude oil prices for March delivery fell more than $1 Feb. 19 to close at under $30/bbl on the New York market while Brent prices for April delivery also fell more than $1 to close at slightly above $33/bbl. Source: News


Watching Government: Tying earthquakes to fracing

Oklahoma Corporation Commission Chairman Robert Anthony noticed one difference immediately at the Natural Gas Committee’s session on hydraulic fracturing at the National Association of Regulatory Utility Commissioners 2016 Winter Meeting from one at the NARUC Winter Meeting 6 years earlier. Source: News


Oklahoma outlines largest reduction plan yet for disposal wells

The Oklahoma Corporation Commission’s Oil and Gas Conservation Division (OGCD) announced its largest volume-reduction plan yet for oil and gas disposal wells in western Oklahoma’s Arbuckle formation in response to increased numbers of earthquakes. Source: News


BP: Fossil fuels to remain 'dominant form of energy' through 2035

Global energy demand between 2014 and 2035 is expected to rise 34%, an average of 1.4%/year, with fossil fuels remaining “the dominant form of energy over the period,” according to the 2016 edition of the BP Energy Outlook. Source: News


Today's lower prices don't doom future US LNG exports, panel says

Depressed natural gas prices now aren’t likely to affect future US LNG exports much because most projects won’t go into operation until 2020 when global markets have improved, speakers at an Atlantic Council (AC) forum agreed. Source: News


Taking the oil

At least Donald Trump wants oil. While seeking the Republican presidential candidacy, he lays claim to oil with characteristic intemperance. That he wants oil nevertheless implies that he sees value in the substance. Neither Democratic candidate even wants it. Source: News


Working through the downturn

Under normal market conditions, an exploration editor need not reach too far to find a topic worthy of writing on. These are not normal market conditions. Source: News