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Dakota Access Pipeline
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Clark Williams-Derry and Press Release
Decline in top-tier wells forces shift to less-productive Bakken oil and gas regions
November 3, 2021 (IEEFA) — A shortage of high-quality drilling sites poses a long-term risk to oil production in the Bakken formation, according to an analysis by the Institute for Energy Economics and Financial Analysis (IEEFA). Since the Bakken boom began 13 years ago, producers have focused on core areas where horizontal wells provide easier […]
Suzanne Mattei
State action thwarts another U.S. federal effort to expand fossil fuel-burning as financial realities and alternative solutions embolden a North Carolina agency
While the debate rages over the Mountain Valley Pipeline, a large proposed extension has just hit a brick wall. The main Mountain Valley Pipeline, which would run 303 miles from West Virginia to Pittsylvania County in Virginia, is not yet fully built. Construction was speeding along until a U.S. appeals court ruled that it had […]
Frank Bass
Business case for renewables-based economic development grows stronger by the day
The transition to renewable energy is frequently advocated on environmental grounds, but the financial case for moving away from fossil fuels is becoming undeniably clear, according to experts speaking during the final week of IEEFA’s 2020 Energy Finance Conference (July 14-30). The annual meeting of international energy, finance and policy experts, which was offered online […]
Larry Shapiro
Project cancellations highlight larger stressors in the oil and gas industry
If you are a pipeline developer, landmark court victories just aren’t what they used to be. Dominion Energy and Duke Energy announced on Sunday that they are canceling their proposed Atlantic Coast Pipeline just 20 days after they won a 7-2 decision in the U.S. Supreme Court authorizing them to build the pipeline underneath the Appalachian Trail. […]
Tom Sanzillo and Suzanne Mattei
Popular opposition, financial realities and alternative solutions spell defeat for multi-billion-dollar plans
Difficult and complex decisions are being made to reject the buildout of oil and gas pipelines in the United States and Canada. Long-term debates have finally come to a head, and three major pipeline projects have been halted as a result. The companies that planned to build the Atlantic Coast Pipeline recently threw in the […]
IEEFA
Greentech Media: Legal challenges halted several major pipeline projects across the U.S. in recent days, underscoring a seismic shift facing the U.S. utility industry: the rise of renewables as a potentially less costly and risky alternative to fossil fuels. Over the weekend Dominion Energy and Duke Energy, two of the country’s biggest utilities, canceled their Atlantic […]
IEEFA
CNBC: A federal court ruled Monday that the Dakota Access Pipeline must shut down within 30 days, by Aug. 5, according to a copy of the brief obtained by USA Today. The U.S. District Court for the District of Columbia scrapped a key permit from the Army Corps of Engineers, and ordered the pipeline to […]
Karl Cates
U.S. Nuclear Industry Reconsiders Expansion; Utility Exec Sees Less Risk in Turbine Farm Than Coal; Keystone XL Doesn’t Pencil Out Anymore
It’s de rigueur anymore for energy companies across the board to play up their clean-energy commitments—actual or just advertised—but executives at American Electric Power put some of their money where their mouths were in announcing intentions last week to invest $4.5 billion in the new Wind Catcher farm in Oklahoma. AEP’s logic is rooted in […]
IEEFA
Associated Press: The proposed Keystone XL pipeline survived nine years of protests, lawsuits and political wrangling that saw the Obama administration reject it and President Donald Trump revive it, but now the project faces the possibility of death by economics. Low oil prices and the high cost of extracting Canadian crude from oil sands are […]
IEEFA
Motley Fool: Energy Transfer Partners’ (NYSE:ETP) has had its share of difficulties over the past year. The headliner was the problems it faced in building the Dakota Access Pipeline, which endured several months of setbacks due to protests that caused a delay in getting a key permit. While that project finally entered service last month, […]
IEEFA Analysis: The Economic Frailties and Rickety Finances Behind the Dakota Access Pipeline
Shippers Are in a Position Now to Renegotiate Contracts; Oil Prices Have Tanked Since Deals Were Signed; Long-Term Outlook for Project is Deeply UncertainConstruction of the Dakota Access Pipeline has sparked considerable public controversy, bringing national attention to issues that include tribal sovereignty and risks to drinking water. Less publicized are the project’s financial weaknesses, and the fact the pipeline may represent a substantial overbuilding of the Bakken’s oil-transport infrastructure. The report that we released today in partnership […]