In June of 2015, the MPSC was challenged to determine the appropriate regulatory response to applications filed pursuant to R 460.867 (Rule 17) for operation of Antrim Shale Formation (ASF) wells under vacuum on Michigan Public Service Commission Case# U-16230. RMP wrote about this story in our August 2015 MOGM. Prior to June 2015, battles had been fought over the issue of operating ASF wells on a vacuum for years. Administrative Law Judge Mark D. Eyster held a pre-hearing on June 15, 2010 to officially get the Continue reading Michigan Oil & Gas Monthly – October 2016
It’s that time of year again to report production numbers in Michigan for oil, natural gas, and natural gas liquids for the first six months of 2016. As stated many times here, the production data lags behind real time so we have to wait until just about this time of year to get all of the data from January to June. After compiling the data for the first six months of 2016 we see a couple of Continue reading 2016 Michigan Hydrocarbon Production Results January – June
2015 Michigan petroleum production numbers are approximately 98% reported as of today. RMP has always focused on the numbers as they are often greater than adjectives. Opinions are overrated. People want to hear the numbers and then decide for themselves. This is RMP’s fifth year studying, parsing, organizing, compiling, and reporting numbers related to Michigan petroleum production. The information RMP publishes will always be free access to the public. RMP has always followed three fundamental tenets as a research and reporting philosophy:
- It’s all about the rock. Always respect the geology.
- Follow the money. Money talks.
- Follow the wastewater. Waste means inefficiency and problems. Inefficiency and problems mean additional costs. With regard to costs, see point #2.
Following the money has proven to be difficult because of the voluminous and Continue reading Michigan Oil & Gas Production Report January – December 2015
Understanding Michigan hydrocarbon production data is important for anyone interested in understanding the economics of energy production. Join us as we continue our journey to compile oil & gas production information that helps everyone understand more about energy, economics, and the protection of our public natural resources. There’s a ton of information out there. But how should we break it down in a way that tells us what’s really going on? With everything happening across our communities, at the state level, at the federal level, and even internationally, where do you focus your effort? What really matters?
Well, one thing that matters to everybody is money. When you get all the fluff out of the way, you realize it’s been about money the whole time. Dolla dolla bills y’all. Money is a common denominator regardless currency, boundary, nationality, company, or even country. Furthermore, it doesn’t matter if you’re talking oil, natgas, coal, wind, or solar either; energy’s common denominator is cost per unit. Money is the great leveler. But understanding money can get complicated. It gets especially complicated to understand money when you consider the long term environmental impact costs of energy production. For example, you could have high initial investment costs that have much better long term returns with respect to environmental impacts vs low initial costs that have large long term negative consequences on the environment.
Just looking at the oil produced or gas produced won’t tell you the whole story about energy economics either. It will, however, teach us just a little bit more about the big picture; it’s like another brick in the wall. To understand the money as it relates to oil & gas, we need to understand fundamentals like Continue reading 2014 Top Oil, Gas, & NGL Producing Units in the Michigan Basin