Senior Market Analyst, Commodities and Energy
John's Feed
May 10, 2013

Taxman eyes North Dakota’s gusher of oil money: Kemp

LONDON, May 10 (Reuters) – North Dakota’s oil boom is
creating fabulous wealth for a small number of families lucky
enough to own mineral rights in the four counties sitting above
the most productive part of the Bakken shale.

The extent of the cash gusher is revealed in statistics on
adjusted gross income and tax returns published by the U.S.
Internal Revenue Service (IRS).

May 10, 2013

Tennessee Valley Authority to remain publicly owned: Kemp

LONDON, May 10 (Reuters) – For free-market purists, the
Tennessee Valley Authority (TVA) is a monstrous hybrid – part
giant electric producer, part government agency.

The Obama administration has announced a strategic review
that could recommend privatisation. But the case for reform is
weak and there is little chance of a significant change owing to
TVA’s powerful political connections.

May 8, 2013

Bakken output may be boosted by closer oil wells: Kemp

LONDON, May 8 (Reuters) – North Dakota’s leading oilfield
operators hope to squeeze much more oil from its shale
formations by drilling wells closer together – a bold experiment
that could raise ultimate recovery by billions of barrels if it
succeeds.

Oil and gas wells drain hydrocarbons from a fairly large
area, although it is impossible to know the exact extent since
the field cannot be observed directly. This poses a tricky
problem for operators and regulators.

May 7, 2013

Column: Super-computers and the hunt for oil

LONDON (Reuters) – No one has ever seen an oil field.

Typically buried thousands of feet below the surface, oil fields are like a sponge saturated with a mixture of oil, water and gas, rather than the underground cavern most people imagine when they think about oil and gas reservoirs.

Many rock formations contain limited amounts of oil and gas, especially in sedimentary basins, but only a few contain enough to be worth the costs of drilling. Finding substantial amounts of oil is therefore akin to seeking a needle in a haystack.

May 7, 2013

Super-computers and the hunt for oil: Kemp

LONDON, May 7 (Reuters) – No one has ever seen an oil field.

Typically buried thousands of feet below the surface, oil
fields are like a sponge saturated with a mixture of oil, water
and gas, rather than the underground cavern most people imagine
when they think about oil and gas reservoirs.

Many rock formations contain limited amounts of oil and gas,
especially in sedimentary basins, but only a few contain enough
to be worth the costs of drilling. Finding substantial amounts
of oil is therefore akin to seeking a needle in a haystack.

May 7, 2013

U.S. coal industry’s growing east/west divide: Kemp

LONDON, May 7 (Reuters) – U.S. coal miners have been among
the biggest victims of the shale revolution and tougher emission
controls on power plants.

But while the massive low-cost open-cast mines west of the
Mississippi have seen output hold up, high-cost producers in the
east have borne the full brunt of falling domestic coal
combustion.

May 2, 2013

Jones Act is set to stay: Kemp

LONDON, May 2 (Reuters) – The U.S. Merchant Marine Act 1920,
better known to most people as the Jones Act, may be a
protectionist anachronism, but there is no prospect of
meaningful reform in the next few years.

The law generally requires that the maritime transport of
cargo between points in the United States be carried by
U.S.-flagged vessels that are at least 75 percent owned and
crewed by U.S. citizens, with U.S. officers and built in U.S.
shipyards.

May 1, 2013

Column: Don’t mess with Texas water, frackers warned

LONDON (Reuters) – Eagle Ford in Texas is one of the fastest-growing shale oil and gas plays in the United States, but it is also in one of the driest parts of the country.

Following a severe drought in 2011, concerns are mounting that oil and gas extraction is competing with irrigation for scarce water supplies.

May 1, 2013

Don’t mess with Texas water, frackers warned: Kemp

LONDON, May 1 (Reuters) – Eagle Ford in Texas is one of the
fastest-growing shale oil and gas plays in the United States,
but it is also in one of the driest parts of the country.

Following a severe drought in 2011, concerns are mounting
that oil and gas extraction is competing with irrigation for
scarce water supplies.

May 1, 2013

USGS estimate for Bakken oil remains conservative: Kemp

LONDON, May 1 (Reuters) – The Williston Basin underneath
North Dakota, Montana and South Dakota contains twice as much
crude and three times more gas than previously thought,
according to an updated assessment published by the U.S.
Geological Survey (USGS) on Tuesday.

USGS assesses that at least 7 billion barrels of oil, and
6.4 billion cubic feet of natural gas, could ultimately be
recovered from the two formations, with at least a 50 percent
probability.

    • About John

      "John joined Reuters in 2008 as one of its first financial columnists, specialising in commodities and energy. While his main focus is on oil markets, he has written broadly on the emergence of commodities as an asset class, regulatory issues and macroeconomic themes. Before joining Reuters, John spent seven years as a senior analyst for Sempra Commodities (now part of JP Morgan) covering base metals and crude oil. Previously, he worked as an analyst on world trade, banking and financial regulation for consultancy Oxford Analytica."
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