Premium Content
Can Shale Resist The Lure Of Another Output Surge? By Irina Slav - Jan 20, 2021, 7:00 PM CST
U.S. shale changed global oil markets. It shook the foundations of OPEC as the one single swing producer group. And last year, it crumbled under the weight of the pandemic that sent oil prices to all-time lows, including a short dip of WTI below zero. Now, shale is getting back on its feet, facing the temptation of production as prices rebound above $50.
Wood Mackenzie’s Vice Chair for the Americas, Ed Crooks, called it a siren song in a recent analysis. The shale boom happened because producers were chasing constant growth. It was this chase that catapulted the United States to the spot of the world’s largest oil producer, but it was also this chase that made the pandemic-caused slump in the shale patch quite spectacular.
The final transfer of federal lands to the state of Montana to satisfy a debt owed since 1889 has been approved.
The notice of the transaction is set to be published in the Federal Register on Thursday. The lands will be officially transferred this spring.
The Bureau of Land Management will turn over 5,816.63 acres to state ownership. The parcels are located in Custer, Prairie and Richland counties and include native grasslands and sage grouse habitat. In 2018 the BLM approved a separate transfer of 2,120 acres of cropland in Hill and Chouteau counties as partial settlement of the debt.
The federal government incurred the land obligation when Congress passed the Enabling Act, which admitted Montana, Washington, North Dakota and South Dakota to the Union and gave states sections 16 and 36 of each township for schools. Unfortunately for the feds, some of those townships had already been set aside for national parks or Indian reservations, so the BLM inherited a debt to the states to
The Canadian bank has unveiled a series of new appointments after the departure of Darrell Uden, who co-leads RBC’s equity capital markets globally and heads the unit in Europe
Ranchi: Jharkhand government is likely to roll out its promised farm loan waivers for farmers by January-end, sources in the department of agriculture, animal husbandry and dairy development indicated. Sources said that the reluctance of banks to share farmers’ loan database is delaying the actual roll-out.
“As on date, we have identified nearly 48,000 farmers who have filled up their forms for availing loan waivers. The farmers have been identified through the details obtained from the banks. We are pushing to launch the programme on January 26,” a senior officer in the state agriculture department said on anonymity.
In December last year, the state cabinet approved a proposal to waive off farm loans worth up to Rs 50,000. The decision would benefit nine lakh small and marginal farmers of the state, the government had said. A budget of Rs 2,000 crore was also alloted for the waivers.