Dakota Access Pipeline Avoids Shutdown

RP Weekly Recap | May 24 – 28

Summary

A U.S. federal court judge denied a request from Native American tribes to shut the Dakota Access Pipeline after a key environmental permit was scrapped last year, arguing the tribes had failed to prove the line’s continued operation would cause irreversible harm. The ruling, which may be appealed, is a relief for operator Energy Transfer LP, which has faced an unending stream of legal threats to Dakota Access since 2016 and is also seen as a rare victory for the pipeline industry as a whole amid rising opposition from environmental watchdogs and activists over the past few years. Check out this story and more in this week’s recap of all things happening in oil and gas! 


COVID-19 Updates

COVID-19 Statistics

  • Number of Cases (Worldwide): (up from 165,660,046 last week)
  • Number of Cases (USA): (up from 33,060,909 last week)
  • Statistics courtesy of Johns Hopkins

Financial & Economic Updates

U.S. Oil Market News

Global Market News


Employment Updates


United States Rig Count

  • Up 2 from last week for a total of 455
  • Up 42.7% from one year ago
  • Statistics courtesy of Baker Hughes

RARE PETRO Updates

Content UpdatesNews PulsePodcast

  • Chevron is no newbie to the oil and gas business, but how do their financials stack up to peers in the industry and their own financial history over the last three years? Find out with RARE PETRO’s newest segment, Energy Market Report Card. Or, check out the review in Video Format!

  • Episode Four of Hydrocarbon History is available now! Join us as we explore the history of oil and gas to see what we might learn about hydrocarbon’s role in food security.

  • A new episode of the Periodical Podcast is available now! Be sure to check out our discussion uncovering the first-quarter losses of Domestic E&P Companies as a direct result of hedging programs that erred on the side of caution that now leave many hemorrhaging.

  • This week’s Periodical uncover the fact that China’s annual emissions in 2019 exceeded those of all developed countries combined. While their per-capita demand is still lower than the average of other OECD countries, China has been trending in the wrong direction in terms of emissions growth and with emissions continuing to grow while the rest of the world commits to reductions, China appears to be focused on its own economic recovery over meeting global climate goals. 

  • Episode Fifteen of The Industry Leader Spotlight Podcast is available now! Be sure to check out our interview with Debra Hall, President and CEO of Elementale Enterprises! 

  • Episode 11 (Tackling the Data Monster Pt. 2) of the Modern Mobile Oilfield is available now! This series is a collaborative effort between world-renowned author Geoffrey Cann and RP host Tavis Killian that will expand on topics covered in the book “Bits, Bytes, and Barrels”. This new segment is aimed at energy professionals at any level who are looking to better understand the future of a digital oilfield and potentially implement these technologies into their company’s workflow. Be sure to watch or listen on all available platforms!


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