re: US crude output to rise to record 12.76 million bpd in 2023

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there was a dramatic tightening of oil exploration on Fed lands on day one of the biden admin, the difference was made up on state and private lands and opening up the chokes on producing wells on fed lands

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I read it and my comment was directed at that comment. You know fed lease sales continue (and permitting) and there is not substantial restriction. Further, there is virtually no fed lands in the EF, none in the TX permian, some in NM permian (the reg bottleneck there is the state). In Bakken most of the fed lands (and BIA) has long been leased and developed, but there was a sale in 2022 and may have been another in 2023.

So no substantial constraint.

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yeah i have been bowed up doing work for projects in guyana and norway/north sea. I ahev done midstream, upstream and downstream but i work mainly in drilling and completions now and not production. many here do not understand the difference or how it works like you laid out for them baased on prices, wells, permitting, federal and private leases,regulations etc.

my business partner just returned from abu dhabi. we have a contract with ADNOC now to add to our list of clients. They are supposed to get us work here in the states.

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for us in the chemical business it is two fold - we are focusing on limited R&D here for problems we see in our domestic markets but there is little hope of ROI because of prices. Our focus overseas is selling in their markets chemical tech we created 10-15 years ago because they are so far behind us and they dont mind paying for things that work. The money we make overseas has replaced the money we used to make here.

In Africa the opportunity is to replace the big service companies that are pulling out or pricing themselves out.

OTC was full of African brokers trolling for American products to sell and companies to partner with. African brokers are always at OTC but OTC this year they were a much larger presence

In the MEA the rush is to service the new (to them) problems of their once easy production watering up and facing scale, corrosion, Bacteria, H2S, Iron Sulfide and black powder.

In the MEA, it is pretty refreshing to have customers eagerly accept meetings, happy to hear what you have to say, ready to pay fair prices for products that work and appreciative of you being there to assist them. Has not been that way in the US in a very long time, here it has become somewhat adversarial in customer/vendor relationships. It is pretty sad to be honest

What has been interesting is the recent movement away from Chinese manufacturing of petrochemicals to Mexican, Indian and Saudi.

The Saudis/Sabic are becoming a major force in the petrochem industry due to their cheap feedstock.

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I read it and my comment was directed at that comment. You know fed lease sales continue (and permitting) and there is not substantial restriction. Further, there is virtually no fed lands in the EF, none in the TX permian, some in NM permian (the reg bottleneck there is the state). In Bakken most of the fed lands (and BIA) has long been leased and developed, but there was a sale in 2022 and may have been another in 2023.

So no substantial constraint.

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ehhh I wouldnt go that far, the EOs were softened and not as bad as we thought they were going to be but there was a pause on new lease sales on Fed Lands in 2021. Now I agree the real world effectiveness of the EOs has not been too bad. But the tone they set in 2021 for the Energy Policy of the Biden Admin has taken some time to overcome.

As with a lot of things the Biden WH does, they lied to their supporters while campaigning about what they were going to do versus what they are doing now while in office.

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And meanwhile, the damn fools pulling his strings want to shutdown fracking among other advanced tools.

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cwill is right in that the actual effects of the Biden Admin on the current O&G Industry has been less than we expected.

our current energy challenges are more from outside influences like Saudi/Russia and inflation


here is an old forbes article that does a pretty good job explaining it

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In late 2019, as various candidates jockeyed to win the Democratic nomination for president, Elizabeth Warren made the statement that she would “ban fracking everywhere.”

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Then Joe Biden came along and pandered to the same crowd Warren was trying to impress. He promised “no new fracking”, but once again I explained why that promise wouldn’t be fulfilled.

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But what Biden can’t do by executive order is an overall ban on fracking, because most fracking takes place on private land. A complete ban would have to be passed by Congress, and that looks like a longshot.

For a more in-depth interpretation of Biden’s recent executive orders, I spoke with Stacey Morris, who is Director of Research for midstream index and data provider Alerian. She explained that the orders were certainly not as bad as they seemed:

“These executive orders were pretty well-telegraphed. They were even a little bit softened from what was said during the campaign. The language on the Biden website discussed banning permitting on federal land. The executive order is a pause on new leases. They aren't looking at a full out fracking ban.”

When I asked how companies might be affected, she explained “Companies have been stockpiling permits in anticipation of a move like this. Right now there are 7,700 unused permits. For example, Devon EnergyDVN +0.4% has over four years of permit backlog and drilling inventory. They expect to be able to execute on their federal lands program based on comments made in November.”

She added that some states that could be most impacted longer term are New Mexico, Wyoming, North Dakota, and Colorado. In the long run, she said that a ban on drilling on federal land could lead to more imports. In that case we could end up using oil that is produced with more associated carbon emissions than if it had been produced in the U.S.

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our current energy challenges are more from outside influences like Saudi/Russia and inflation

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Producers are being cautious bc the current bump in prices is being supported by OPEC+ cuts.

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Democrats always lie about energy policy. They do it for the crazy green constituency

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The ridiculous statements they make about energy are impossible to ignore. It completely discredits them to everyone except for the bicycle only crowd. Oddly Biden hasn’t actually harmed the industry and Obama pretty much left the industry alone. He did nothing in 2015 when the attack on the industry began, but I really wish he would have.

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There’s definitely a good bit of Fed Land in Permian New Mexico, especially the areas of recent horizontal programs; however, yes, over the past couple years (especially coming out of Covid shutdowns), the New Mexico State Land Office has become MUCH more difficult to work with and get things done vs the BLM Carlsbad Office, which manages Fed Lands in Permian NM.

The current NM State Land Commissioner campaigned in 2019 on no more oil & gas leasing on state lands, no more fracking, etc.

The Land Office used to have a monument of the first NM oil well displayed in front the office in downtown Santa Fe. That monument is no more. Has been removed from public display, yet the Commissioner liked to post up a banner advertising how much money her office brought in the past year. VAST majority is from oil & gas.

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the irony is NM has become the new salt water disposal well capitol of NAM. There are rumors about the State of Texas banning all new SWD Permits outright so NM will become even more of a salt water disposal target. If we want to get hot and bothered about anything, we should be talking about SWDs not fracking or producing wells. Fracking, Completions and Production is far safer to the environment than waste water disposal

Their real problem in NM is fresh water supplies. The NM Gov is still honoring old fresh water sales contracts to private businesses in areas (like SENM) where fresh water supplies are critically short.

I am trying to find your actual point of view. I get the point that lower gas prices hertz the oil industry because it takes away their profits but from a business standpoint throughout the United States the lower gas prices fueled better business development better savings for teachers and every other middle-class person and the growth of many other businesses including the trucking industry who made profit

So I think your point of screwing over everybody else so the gas companies can get richer is good and Trump is bad and if that's your point you are an idiot

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Obama pretty much left the industry alone.

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alone? LOL

is that why he shutdown keystone XL? and cost thousands of jobs?

forgot his drilling moratorium? that forced many of us into midstream projects(other than keystone XL obviously) since most my work was in the GOM/drilling.

now as far as the GOM, once the moratorium was lifted as i stated earlier i stayed busy with GOM work through the trump years.