Blog – Energy Law Today

Powered by the attorneys in the firm’s Energy & Natural Resources group, Fox’s Energy Law Today blog covers the legal developments in energy and natural resources that will impact parties operating in these sectors.

Recent Blog Posts

  • Craving Another Long Weekend? So Are OPEC Members…   This morning, I read a Bloomberg article entitled, These Numbers Show the Huge Challenges Now Facing OPEC Members, that stated, “[t]he price of a barrel of Brent crude has more than halved over the past five years, triggering an existential crisis for the world’s biggest oil producers.” I sipped my coffee and thought, Très mal way to start the morning. Well truth be told, I sipped my coffee and looked up the definition of existential crisis, then I thought to myself,... More
  • Happy Birthday Wyoming and an Update from the Cowboy State   127 years ago today, on July 10, 1890, Wyoming was entered into the Union as the 44th state. As we celebrate the date of Statehood, here is an update from the Cowboy State: According to the Casper Star Tribune’s Energy Journal of today’s date, which can be found here, activity in the energy sector is picking up in Wyoming. The rig count in Wyoming as of July 7, 2017, according to Baker Hughes, is sitting at 25 rigs – this is up... More
  • New York: Energy Update from the Big Apple Working from New York makes a person think about energy…the amount of energy it takes to fuel the sparkling Big Apple, the energy that radiates from the charming, lovely old architecture, and the energy from all the folks walking the sidewalks. The talk of the town? Oil prices. As I write this, oil prices are continuing to slip a little more. According to Bloomberg Energy, WTI is currently at $44.47 per barrel, down .58% and Brent crude is at $46.87, down .28%. The... More
  • Part 2: Is Predicting the Future of Energy Like Driving Down a Dirt Road at Night with No Lights On? Peter F. Drucker famously said, “Trying to predict the future is like trying to drive down a country road at night with no lights – while looking out the back window.” With that in mind, last September, I wrote “Is Predicting the Future of Energy Like Driving Down a Dirt Road at Night with No Lights On?” – the full article can be found here. One of the focus points was on the oil price rollercoaster. Back in the September 2016 Short-Term... More
  • Is Global Oil Oversupply on the Horizon?   The folks ‘in the know’ are predicting at least a “modest” oversupply in global oil markets next year… Yesterday, the U.S. Energy Information Administration (“EIA”) released its Short-Term Energy Outlook – a full copy of the report can be found here. Key Takeaways: Oil Prices: According to the Forecast Highlights, “EIA forecasts Brent spot prices to average $53/b in 2017 and $56/b in 2018. West Texas Intermediate (WTI) crude oil prices are forecast to average $2/b less than Brent prices in both 2017... More
  • Gold King Mine: In it for the Long Haul The Gold King Mine was in the news this week  – by way of a reminder, the Gold King Mine wastewater release occurred from an inactive Colorado gold mine near Silverton, Colorado, back in August of 2015 and the impacts were great, to say the least. I have been following the Gold King Mine wastewater release since it happened, see the first post entitled, “The Aftermath of Gold King Mine August Wastewater Release: EPA Suspends Work at Ten Mine Sites” and... More
  • 30,000 Foot View: State of the Oil Patch Big picture concepts have filled my mind lately – I am trying to take a step back and see the whole picture instead of getting too deep in the weeds and isolated details. It made me curious – what is the 30,000 foot view of the state of the oil patch right now? In sum, overall this year I have seen rising confidence with a healthy degree of skepticism and conservative enthusiasm when it comes to the energy sector. Let’s break down... More
  • Record Year for North Dakota? The number of producing oil wells in North Dakota just hit a new record…by all accounts, North Dakota could be on track for having a record year. On Friday, Lynn Helms, Director of Mineral Resources for the North Dakota Industrial Commission, released the Director’s Cut dated 5/12/2017 – which can be found here. The Director’s Cut outlines oil and gas activity for the State of North Dakota on a monthly basis. The March 2017 Director’s Cut contains some interesting information: New Record: A new all-time... More
  • Takeaways from the May EIA Short-Term Energy Outlook The U.S. Energy Information Administration (“EIA”) released its Short-Term Energy Outlook (“STEO”) yesterday for the month of May – the forecast highlights can be found here and the full report can be found here. Here are a few of the main takeaways from the May STEO forecasts: Crude Oil – the recent drop in prices may continue: According to the petroleum and natural gas markets review portion of the May STEO: “Expectations of supply growth in 2017, particularly in the United States, as well... More
  • Hold your Horses: Oil Prices in a Landslide…Again. Oil prices are slipping once again. According Bloomberg Energy, WTI Crude Oil is currently at $45.43 (-5.00% change) and Brent Crude closed $48.36 (-4.78% change) as I write this. Today’s headlines will put a lump in your throat: Forbes: Gold Slumps to 6-Week Low as Crude Oil Tanking CNN Money: Oil Prices have Plunged 15% in 3 weeks CNBC: US Crude Plunges 4.8% to $45.52 Posting Worst Close in More than Five Years Bloomberg: Oil’s OPEC-Driven Gain Wiped Out as Shale Boom Offsets Cuts Before... More