In this month’s MOGM, RMP covers the dearth of oil & gas activity in Michigan and the bankruptcies precipitated by the collapse of the industry at large. We also talk about finances and economics of the Hydrogen Economy and how Michigan and the rest of the world can prosper by supporting Fuel Cell Electric Vehicles. For FCEVs, the future is bright & clean. For crude oil, the buzzards are circling.
In May 2016, the big news is the Chapter 11 bankruptcy filings of Linn Energy and Breitburn Energy Partners. Both companies are top 5 producers in Michigan with Linn coming in as the #3 producer and Breitburn coming in as the #5 producer. RMP will be watching to see how these bankruptcies impact Michigan oil & gas operations.
In the April 2016 edition of MOGM, we look at the rise of natural gas market share and also the rise of natural gas prices. Natural gas is poised to make a big comeback in 2016 and the USA is poised to benefit from this more than any other country. The USA is the #1 natural gas producer in the world and Michigan has the #1 natural gas storage capacity of any state within the USA. Read this month’s MOGM to understand why natural gas prices are set to climb back above $3/mcf this year.
The 2015 full year petroleum production numbers are, according to RMP estimates, 98% reported. That means it’s time to review a whole host of tables and graphs showing you the top hydrocarbon producers in the Michigan Basin for 2015. Check out this annual production summary to see what got produced and where in Michigan. Also, a new feature added to our annual production summary is the estimated revenue generated by operator based on advanced calculations you’ll only find on RMP.
It was the slowest of times, it was the busiest of times. The first quarter of 2016 has been the slowest ever in Michigan oil & gas activity as it relates to new applications and permits. But, it has been the busiest time ever for applications and permits to connect Michigan Antrim wells up to vacuum systems. Click here to read more about oil & gas activity through the first quarter of 2016. Next month, RMP will recap the 2015 production numbers for the year.
Check out the February “follow-up” edition of RMP’s Michigan Oil & Gas Monthly magazine. This month we revisit the Word of Faith 16-27 application for an oil well in the City of Southfield. Thousands of comments have been received and made public by the MDEQ. This month we take a closer look at public sentiment about the potential oil well. We also take a look back at Antrim wells being put on a vacuum system that we first talked about in August 2015. There are potentially more than 1000 Antrim wells already hooked up to vacuum cleaners since the light was turned green by the Michigan Public Service Commission. This is the most active sector of the Michigan oil & gas economy and RMP is the only rag talking about it.
Why is a picture of a Colorado license plate the featured image for the first Michigan Oil & Gas Monthly of 2016? What does Colorado have to do with Michigan oil & gas? Read the January 2016 edition of MOGM to find out. This is our 13th issue marking the beginning of our sophomore year. Follow our monthly MOGM and tell your friends to check it out too.
This month in RMP’s Michigan Oil & Gas Monthly (MOGM) we look back on the slowest year ever in Michigan oil & gas activity. 1931 previously held the record for slowest year in Michigan history for oil & gas but no longer. 2015 was the slowest year ever for Michigan oil & gas activity. With drilling activity slow, RMP forecasts spending more time on other aspects of Michigan oil & gas in 2016. RMP will be focusing on underground storage tanks (USTs), secondary recovery operations including CO2 injection and water flooding, and Michigan’s orphan wells. Check out our December MOGM, share it on facebook, and tell your friends to check out our publications.
Read about the oil spill at Enbridge Line 5’s North Straits Pump Station. Over 361 tons of contaminated soil were removed from the North Straits Pump Station which sits 100 yards from the northern shoreline of Lake Michigan on the Straits of Mackinac.
This month we write the first ever spiritual edition of the Michigan Oil & Gas Monthly (MOGM) with the application of the Word of Faith 16-27 oil well in Southfield, Michigan. We continue down the path of the slowest oil and gas year in Michigan’s long history. We see more evidence of HVHF being over in our basin. Click through to read about all the activity in November related to oil & gas throughout the state of Michigan.
